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.


* Unions file suit in St. Clair County
* Reader comments closed for the holiday weekend
* AG Madigan files TRO
* In re James Dimas
* Question of the day
* Weirdest. Oppo Dump. Ever.
* Big bucks reported by Zopp, Raja
* LIVE Comptroller Munger press conference coverage
* Yet another clock starts ticking down
* Hey, Cardinal fans...
* Rauner makes cheery visit to Illinois State Museum
* The Tier 2 difference
* *** UPDATED x4 *** Attorney General goes to court
* Credit Unions – Protecting Financial Futures
* GOP legislator wants "temporary, balanced budget"
* Food for thought
* The blame game
* Meanwhile, in the real world...
* When Indiana invaded Illinois
* 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

          
        * Sony’s balloon photo app, now out on beta for Android
        * MasterCard developing new payment system that requires facial recognition
        * AT&T starts rolling out ‘McAfee Factory Reset Protection’ update for the LG G3
        * CTL announces the H4 Education Chromebook
        * Chevrolet to add Active Phone Cooling system to 2016 lineup
        * HERE Maps updated with support for reversible lanes
        * Chevrolet will introduce a new Active Phone Cooling feature in its future vehicles to assist wireless charging

        * UK Mobile Carrier EE Fined £1 Million By Ofcom
        * Project CARS Update 2.0 Brings Enahnced Oculus Rift VR Support
        * Floreon 3D Printing Filament Is 4x Stronger Than PLA (video)
        * Clocky & Tocky Alarm Clocks Save Up To 20%
        * EA Exec Peter Moore Credits Steve Ballmer For Saving The Xbox
        * Samsung Pay Is In The Final Stages Of Testing
        * Samsung & Oppo Sued In China Over Bloatware

        * Danks draws O's Ubaldo in Chicago opener
        * Tatis Jr. among White Sox finds on int'l market
        * Sale grabs AL's top pitcher honor for June
        * Tatis Jr. among White Sox finds on int'l market
        * White Sox July 2 signings
        * Tatis Jr. among White Sox finds on int'l market
        * Who will finish second in homers for the 2015 White Sox?

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


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

        Archives
        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


        * Attorney General Madigan Asks Judge To OK Payme.....
        * Attorney general asks judge to OK payments - Jo.....
        * Paying for state's payroll, bills still up in t.....


        * Could insulin pills prevent diabetes? Big study seeks answer
        * Thousands truckin' to Chicago for final Grateful Dead shows
        * Without a budget, providers prepare, officials go to court
        * Union lawsuit seek full pay despite no Illinois budget
        * Parents of Illinois players don't believe coach allegations
        * Troy man not guilty by reason of insanity in church shooting
        * Indiana law spurs 'fireworks tourism' from Illinoisans
        * U of Illinois freezes administration hiring over budget
        * Chicago teachers protest planned cuts after pension payment
        * Salaita hired in Lebanon after losing U of Illinois offer

        * State employee lawsuit seeks assurance of full pay despite no budget
        * U of I freezes administration hiring over budget
        * Attorney General Lisa Madigan seeks court ruling on state payments during budget impasse
        * Illinois EPA: State has landfill capacity for 21 more years
        * State lawmakers point fingers over budget impasse; temporary budget in limbo
        * Former Illinois treasurer employees under Dan Rutherford sue over firings
        * Lawmakers point fingers over budget impasse; temporary budget in limbo
        * Illinois medical marijuana patients now number 2,600
        * Budget impasse shuts down Lincoln's Challenge program for troubled youths
        * Illinois House defeats 1-month budget; same bill coming from Senate

        * Illinois weathers second day without state budget
        * Yelp calls off sale talks—for now
        * How a Reddit rally generated huge turnout for Sanders in Madison
        * Scott Walker to reveal presidential campaign intentions July 13
        * Sun Trading CEO Bernard Dan steps down


          * Man critically injured after suffered head injuries in Logan Square
          * 4 dead, 7 wounded in city shootings
          * Woman with dementia missing from Jefferson Park
          * Police investigate shooting on I-55
          * Body found in garage fire on NW Side
          * Wisconsin Republicans propose limiting public access to records
          * Hedge fund manager's swank offices concealed a Ponzi scheme
          * Chicago police officers sue over tattoo cover-up rule
          * 6 years in prison for hedge fund trader in Ponzi scheme
          * Podiatrist convicted in Sacred Heart Hospital kickback scheme


          * For same-sex marriage opponents, the fight is far from over
          * Emails show Emanuel, top officials aware of Clinton's private address
          * After pension payment, Chicago Public Schools to make $200M in cuts
          * CPS, Emanuel warn of deep cuts, layoffs to school district
          * After marriage equality, what's next for the LGBT movement?
          * The night Chicago politicians spent punching each other in the face
          * The legacy of Willie Dixon on his 100th birthday
          * Supreme Court rules all states must license and recognize same-sex marriages
          * Preckwinkle may reevaluate sales tax plan if Springfield acts on pensions
          * Democratic lawmaker 'mad as hell' over Rauner's veto of state budget


          * State employee lawsuit seeks assurance of full pay despite no budget
          * Our Opinion: Springfield's toilet paper caper exposes the worst and best in people
          * Esther Cepeda: Adding a woman to $10 bill an empty gesture
          * U of I freezes administration hiring over budget
          * Attorney General Lisa Madigan seeks court ruling on state payments during budget impasse
          * Illinois EPA: State has landfill capacity for 21 more years
          * Our Opinion: Winslow looks to heal divisions
          * Bernard Schoenburg: Gov. Rauner's tone has changed, Sen. Andy Manar says
          * George Will: Some GOP candidates becoming unhinged
          * Eugene Robinson: In Charleston, 'the power of God's grace'


          * Love your country, love your dog: Keep pets safe over July 4
          * Langley soars to first-round lead
          * Freshman, father struggle with allegations
          * UI grad Correa pays price
          * High school kickoff countdown: Centennial needs QB
          * 3 youths injured in rollover crash near Colfax
          * Court orders release in drug case
          * UPDATE: Man dies in motorcycle-SUV crash
          * Rantoul teen arrested for allegedly shooting a BB gun at a bicyclist
          * Rantoul man arrested for allegedly shooting a BB gun at a bicyclist


          * UN: 29 die in South Sudan cholera outbreak as cases rise
          * 2 suicide bombings kill 13 in northeastern Nigeria
          * IS says it destroyed archaeological pieces from Palmyra
          * Implosion scheduled for hotel; part of hockey arena project
          * Uber suspends low-cost service in France amid legal pressure

          * 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

          * Cuba Embassy - RiverBender.com...

          * Latest from Iran - Press TV...

          * “The Driver’s Side” – News From The Motorist’s Perspective
          * What should we think if World Cup final gets better ratings than Miss USA?
          * EXTRA: Will ‘Dukes of Hazzard’ become the new ‘Song of the South?’
          * A Failure To Communicate
          * Using Technology to Improve Rural Health Access
          * Sen. Mark Kirk pokes at Eric Holder: Did NSA spy on Congress?
          * Democratic National Committee Executive Committee meeting in Chicago June 8
          * Emily's List hits Chicago June 27: Sebelius, Lisa Madigan, Neely, Finney to speak
          * Feinstein, Chambliss defend phone data snooping to "keep the homeland safe." Durbin has concerns. UPDATED
          * President Obama official schedule and guidance June 6, 2013. North Carolina, California


          * State, Teamsters Reach Tentative Agreement - Workers at IDOT, DHS, IDES, and CMS in Cook County to Vote on New Contract
          * Governor Rauner Extends Tax Filing and Payment Deadlines for Businesses and Individuals Impacted by Recent Tornado - Deadlines Pushed to December 31, 2015
          * Illinois EPA Releases Annual Report on Landfill Capacity
          * IDNR Urges Public to Leave Fireworks Displays to Those Who Are Licensed and Trained - Fireworks Show Sponsors Reminded to Check Credentials of Fireworks Vendors
          * Governor Receives Initial Criminal Justice Commission Report




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