SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Quinn will veto gaming bill

Monday, Jan 14, 2013

* As if there was ever any doubt, Gov. Pat Quinn will veto the gaming bill that was finally released last week from a parliamentary hold

On Oct. 17, 2011, Quinn announced that if Cullerton ever did send him the 2011 bill, he would veto it. So the bill sat, until last week. At the end of the expiring General Assembly, Cullerton cleared off his desk and sent the measure to Quinn. And on Friday, Quinn spokeswoman Brooke Anderson assured us that the governor will follow through on his 2011 threat.

* Meanwhile, I’m not so sure this smoking ban explanation is correct

According to a year-end report issued by the Illinois Gaming Board, [casino] revenue for the 2012 calendar year was $1.6 billion, which was up slightly from 2011, but down by about 38 percent from 2007.

Tom Swoik, director of the Illinois Casino Gaming Association, which represents the Metropolis casino, Harrah’s, said that the 2007 smoking ban and an economy that took a turn for the worst are two reasons for the dip.

“Once the economy starts improving, I think that casino revenues will pick up,” Swoik said. “I think it will be a long time if ever that we get back to the 2007 figures because they’re not going to change the smoking ban.”

“All of the bordering states that have casinos do not have a smoking ban, so we lost about 20 percent in 2008, and we’ve lost an additional 18 or 19 percent on top of that since then just because of the economy,” Swoik added.

* It turns out, things are tough all over, despite casinos allowing smoking. For instance

Revenues at Northwest Indiana’s five casinos dropped by $24.3 million in 2012, the second straight year of decline with the state of Indiana predicting more declines ahead.

The five Northwest Indiana casinos raked in $1.11 billion total in 2012, as compared to $1.13 billion in 2011, for a 2.1 percent drop overall, according to a tally by The Times of Indiana Gaming Commission monthly revenue reports. That drop compares with a 5.5 percent drop statewide in 2011.

And

All but one of the St. Louis area’s six casinos experienced revenue declines in December.

Pinnacle Entertainment’s River City Casino, in Lemay, received 3 percent more from gamblers last month than it did in December 2011. But that was the only growth among the area’s casinos, according to figures released Thursday by state regulators.

Winnings fell slightly at Lumière Place, Pinnacle’s other casino in the St. Louis market.

The biggest drop took place at Hollywood Casino, which changed hands late last year. Penn National Gaming paid Caesars Entertainment $610 million for the casino and adjoining hotel in Maryland Heights.

And

Nevada gaming revenues took a nosedive in November.

Statewide, casinos collected $782.6 million from gamblers during the month, a drop of almost 11.1 percent compared with $880.1 million collected in November 2011.

On the Strip, gaming revenues fell 12.8 percent with casinos collecting $431.8 million from customers, compared with $495.2 million collected a year ago.

The Gaming Control Board released the November numbers this morning.

Clark County gaming revenues as a whole fell 13 percent as every reporting area showed year-over-year monthly declines. Casinos along the Boulder Strip reported a 26 percent decline in gaming revenues while revenues were off 24 percent in North Las Vegas.

Downtown Las Vegas gaming revenues declined 17.2 percent.

- Posted by Rich Miller        


18 Comments
  1. - Anyone Remember? - Monday, Jan 14, 13 @ 10:45 am:

    Tom Swoik’s track record on prediction of smoking ban harm hasn’t been conclusively proven out.


  2. - wordslinger - Monday, Jan 14, 13 @ 10:59 am:

    Las Vegas has been diversifying for a while, trying to become more of a resort destination with revenue streams from dining, shopping, spas, golf, etc.

    But they’ve been taking a pounding ever since September 2008.


  3. - Jaded - Monday, Jan 14, 13 @ 11:04 am:

    =Nevada gaming revenues took a nosedive in November=

    Maybe all the gamblers just got “hot” at once!:)


  4. - He Makes Ryan Look Like a Saint - Monday, Jan 14, 13 @ 11:05 am:

    We need SOMETHING that brings in Revinue!! If we do not get slots to the tracks, we will lose another industry (Horseracing). Many have already fled to the states where there are slots at the tracks. ALong with them went the Taxes associated with their workers.

    There has not been a positive Revenue producing bill since Quinn has come in. We need expanded gambling and we need Jobs! While I am at it Tenaska would have brought a lot of much needed jobs and dollars into Illinois, oh, COM ED stopped that.


  5. - bored now - Monday, Jan 14, 13 @ 11:12 am:

    all good politics to blame something you don’t like as the reason(s) that you experienced a downturn in revenues…


  6. - HEY JACK, - Monday, Jan 14, 13 @ 11:18 am:

    Allow expansion. Wheather you agree or disagree people will make free choices to participate or not partcipate. If those who gamble enjoy, why not let IL reap some of the tax revenues??


  7. - chefjeff - Monday, Jan 14, 13 @ 11:20 am:

    Is it possible we have saturated the gambling market and the addition of new casinos will be a zero sum game? I stopped in Tunica MS last year, and have never seen so many low class people, and old people in one place. Suave sophisticated and stylish it was not.


  8. - Coach59 - Monday, Jan 14, 13 @ 11:24 am:

    Governor Quinn doesn’t have a clue! He keeps turning down revenue opportunities! He could have have signed this bill and bring much needed revenue to the state plus it would have continued having back the betting horses on line with companies that the state has been losing the money since the first of the year. We won’t get this money back that we have lost so far this year! Quinn just wants to tax the citizens but yet not be creative to bring in additional revenue! Having slots at the Chicago airport and a casino in Chicago would bring in huge money to the state and it would come from tourists visiting the city! Also allowing slots and the race track would be huge for the racing industry! We have a Governor that is sending this state down the drain! I will not vote for him ever again now!


  9. - wordslinger - Monday, Jan 14, 13 @ 11:27 am:

    –I stopped in Tunica MS last year, and have never seen so many low class people, and old people in one place.–

    Had high expectations for Tunica, did you? I imagine not a lot of white dinner jackets, vodka martinis — shaken, not stirred — and international intrigue around the baccarat tables. Or baccarat tables.


  10. - Formerly Known As... - Monday, Jan 14, 13 @ 11:43 am:

    === We need SOMETHING that brings in Revinue!! ===

    Agreed.

    The cleanest solution would seem to be getting our economy fully back on track and rapidly increasing job growth (cleanest, not simplest).

    In the meantime, some of COGFA’s reports are becoming disturbing reading.

    The income tax increase appears to be generating most of Illinois’ revenue growth. Baseline revenue growth (less the tax increase revenue) is sputtering along.

    Combine the lack of base revenue growth with:
    - a lack of progress on our bill backlog or pension balance
    - likely federal spending reductions
    - the clock ticking closer towards expiration of Illinois’ “temporary” tax increase

    and…. well, this might could get ugly.

    Real ugly.

    Even if the tax increase is made permanent, doing so simply maintains the current status quo.

    And squeezing every last dime out of expanding gaming, legalizing and taxing medical marijuana, revenue from gay marriage, taxing bullets, or any other “new” revenue source may not be enough to get us ahead of the curve.


  11. - langhorne - Monday, Jan 14, 13 @ 11:45 am:

    if chgo ever does get a casino, can they turn around and lease it out to someone? like the skyway and parking meters?

    the smoking ban and economic downturn are likely to have had a negative effect on revenues. well, why go to a casino when you can go to a local bar, sit at a machine, duck out for a smoke as needed, and still get home in 20 minutes.


  12. - Way South of I-80 - Monday, Jan 14, 13 @ 12:02 pm:

    Have you looked at the revenue from the new video poker machines? Fascinating reading at ttp://www.igb.state.il.us/revreportsVG/Default.aspx


  13. - Way South of I-80 - Monday, Jan 14, 13 @ 12:05 pm:

    If that link doesn’t work go to
    http://www.igb.state.il.us/ and click on Monthly Reports and then click on Video Gaming


  14. - Cheryl44 - Monday, Jan 14, 13 @ 1:43 pm:

    Do we need more casinos, or just places people can gamble? I say we stick video poker and one-armed bandits in museum lobbies. There’s always someone in the tourist group who really does not want to go look at paintings. They can sit in the lobby at the Art Institute and gamble while their spouse/family/fellow tourists go look at the Monets.


  15. - wordslinger - Monday, Jan 14, 13 @ 2:26 pm:

    – I say we stick video poker and one-armed bandits in museum lobbies.–

    That’s old school Chicago — like fur traders and cutthroats at the Sauganash Hotel at Wolf Point old school, lol. Or the Levee District.


  16. - Ruby - Monday, Jan 14, 13 @ 3:19 pm:

    In recent years our state governments have been competing with each other for gambling revenue, which is in reality a regressive tax on our most vulnerable citizens. When state governments bet against their own people it is a race to the bottom. Gambling is not a solution but rather one of the causes of our economic problems.


  17. - zatoichi - Monday, Jan 14, 13 @ 3:38 pm:

    Gambling is seen as a revenue solution so more gambling sites go up. Number of gamblers does not signficantly change so they simply get spread over more locations. The economy stays flat and retail Chrismas sales were pretty mediocre. People simply do not spend as much. Revenue drops, what a shock.


  18. - Cheryl44 - Monday, Jan 14, 13 @ 4:58 pm:

    Yeah–let’s bring back the Levee! Thanks, Word. I’ll email my state rep right now.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Rauner vetoes several social service bills
* Ok, that's enough
* I truly hate this US Senate race
* Rauner signs life insurance bill
* Question of the day
* State bond sale goes well, but still paid a higher price
* *** UPDATED x1 *** Picking on the little guys
* We've been a sorry state for a long time
* Munger and Mendoza face off in hostile debate
* I'm still befuddled by this move
* *** UPDATED x5 - Motion approved - Noven to withdraw - $421 million budget hit - One appointee appears to be ineligible - The plot thickens as three new board members appointed *** Controversy expected at TRS hearing today
* React to remap reform ruling
* Divided court kicks remap reform off ballot
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Eighth beta for Apple software out for devs, seventh iOS 10 beta for public
* China’s Galaxy Note 7, the same as everyone else’s — 4GB RAM, 64GB storage
* Google Wallet debuts automatic transfers so you can skip “cashing out”
* Android 7.0 factory images are live for most Nexus devices
* Sony Xperia X Compact and Xperia XR specs revealed
* Mobile ad startup AppLovin in talks for $1.5 billion acquisition
* Apple’s own Snapchat could signify a huge services milestone

* Sox acquire Turner from Toronto for Navarro
* Sox acquire Turner from Toronto for Navarro
* Hit in 57 games, win $5.6 million
* White Sox rally past M's on Frazier's walk-off hit
* Frazier sets RISP issues aside with clutch hits
* Sox won't reveal direction until after season
* Frazier ties it, then sinks M's on walk-off hit

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Illinois' pension payment expected to increase .....
* Illinois governor urges 2018 vote on 'rigged' p.....
* New Law Makes Insurance Companies Find, Pay Ben.....
* Rauner loses $400 million vote on teacher pensi.....
* Illinois governor urges 2018 vote on 'rigged' p.....
* Illinois governor urges 2018 vote on 'rigged' p.....
* Illinois' pension payment expected to increase .....
* Rauner open to review of livestock facilities l.....
* Illinois' pension payment expected to increase .....
* Illinois' pension payment expected to increase .....


* Illinois' pension payment expected to increase by $400M
* New law makes insurance companies find, pay beneficiaries
* Springfield woman sentenced for DUI in fatal crash
* Waukegan schools to replace some pipes, water fountains
* Feds honor 2 Maryland employers who support Guard, Reserve
* New law makes insurance companies find, pay beneficiaries
* The colonel's secret recipe revealed? Not so fast, says KFC
* Welcome to the fourth grade: Teacher's rap targets students
* EXCHANGE: After 46 years voice of Fairmount Park goes silent
* Decatur woman can petition to become nurse under new law

* Despite budget warnings from Rauner, TRS board votes to lower investment estimates
* New law makes insurance companies find, pay beneficiaries
* Decatur woman can petition to become nurse under new law
* Illinois redistricting referendum won't appear on ballot
* Comptroller hopefuls argue independence from Madigan, Rauner
* Springfield-area jobless rate remains lowest in Illinois
* Illinois 'Obamacare' health insurance rates up significantly
* Rauner's office warns teachers' pension change could be 'devastating'
* IDOT to analyze fairgrounds flood-control measures

* Rauner is missing a chance to push back on gun crime
* Hedge fund becomes biggest Tronc shareholder
* Former CS Publisher John Carroll dies
* New law makes insurance companies find, pay beneficiaries
* Airlines bring free sandwiches and streaming back to coach


* Lovie Smith adjusting to college life after long time in the pros
* Overnight lane closures to begin Friday in Harwood Heights
* John Carroll, former CS magazine publisher, dead at 59
* Man shot, woman injured by glass in West Pullman shooting
* White Sox ship catcher Dioner Navarro to Toronto
* Police: Man, 20, killed in single-car crash in Waukegan
* Louisiana flooding brings pets to Chicago in search for new homes
* Understudies could take center stage in ‘dress rehearsal’
* Woman pushing baby stroller killed in Parkway Gardens shooting
* Police: Armed robberies reported in South Loop, Near West Side


* Too bad Cubs can't go right to late October
* What Hillary really needs is a wall, from the north
* Rauner loses $400 million vote on teacher pension fund issue
* White Sox trade Dioner Navarro to Blue Jays, activate Alex Avila from DL
* Judge: Lady Justice statue can remain outside Hinsdale law office
* John Carroll, former publisher of Chicago magazine, dies
* The UAE spends big on Israeli spyware to listen in on a dissident
* Woman shot dead while pushing baby in stroller near elementary school
* Illinois taxpayers on hook for more than $400M as teacher pension investment outlook dims
* How Illinois politicians consciously created these debt and pension crises


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Despite budget warnings from Rauner, TRS board votes to lower investment estimates
* New law makes insurance companies find, pay beneficiaries
* Decatur woman can petition to become nurse under new law
* Illinois redistricting referendum won't appear on ballot
* Comptroller hopefuls argue independence from Madigan, Rauner
* Springfield-area jobless rate remains lowest in Illinois
* Bernard Schoenburg: Illinois an 'outlier' in party appointments to legislative vacancies
* Esther Cepeda: One man's clutter could be another man's treasure
* Scott Reeder: A case for tempering justice with mercy
* Illinois 'Obamacare' health insurance rates up significantly


* High school football scoreboard, Aug. 26-27, 2016
* LIVE! Illini Classic: Arkansas
* PODCAST: Sports Talk 08-26-16
* Illinois' pension payment expected to increase by $400M
* Some local politicians disappointed in Illinois Supreme Court decision on redistricting
* Police: School administrator pepper sprayed by student
* Redistricting becomes campaign issue
* Rauner tours Rebound, calls the alternative high school in Carbondale 'inspirational'
* Club names Strassheim as interim CEO
* Crime Stoppers of McLean County 8/27/16


* White Sox trade Navarro to Toronto
* District 211 to hold parent open houses Sept. 1
* District 26 voters to decide fate of proposed Early Learning Center
* Dist. 25 debuts $18 million renovations at Ivy Hill, Olive schools
* Injuries give Chicago Bears backups chance to shine

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Des Plaines Gets $11.4 Million To Purchase......
* Reps. Duckworth, Schakowsky, Quigley & Sen......
* Dick Durbin's war on affordable banking - ......

* US Senate candidate Duckworth visits Shelb......
* I truly hate this US Senate race - The Cap......

* Person Shot At Wilson/Hazel Friday Evening
* Judge Orders Release Of Additional Clinton Emails
* Illinois Corrections Department, AFSCME Pointing Fingers On Inmate Assault Of Pontiac Prison Workers
* PEACEBOOK Performs In Clarendon Park Friday and Saturday
* Transgender Performer Sues Over Chicago's Ban On Female Nudity In Bars
* Illinois Governor Vetoes Wage Hike For Workers Who Serve The Disabled
* U.S. Education Department Takes Further Action Against ITT
* Greenpeace: U.S. Foodservice Firms Fail On Seafood Sustainability
* Rauner Vetoes Child Care Assistance Bill
* Pension Adjustment To Cost Illinois $421 Million


* Statement on Redistricting Referendum
* Rauner Administration Takes Action to Help Illinoisans Find Lost Life Insurance Money
* Illinois Residents Encouraged to Register for ‘The Great ShakeOut’ Earthquake Drill - 'Drop, Cover and Hold On’ Drill Set for October 20
* Governor Takes Bill Action
* Illinois Seeking Flexibility to Improve Delivery of Behavioral Health Care




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller