Archive for June, 2008

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Southern Florida Casinos Watching the Economy

With a tight economy many casino goers in South Florida are finding it hard to scrape together the money to fund their favourite hobbies. “Mortgages are going up, interest is going up, gas food, you know everything is going up,” said Annie, a local casino patron. “So by the time you take care of your household needs, you don’t have anything left.”

The lack of disposable income for many across the area creates a problem for some casinos, which have to lay off employees when less money is being taken in. And for casinos in more remote areas, the price of gas compounds the issue.  “People gotta fill up their tank and drive here. I think they’re going to go where it’s more convenient to gamble,” said Dan Adkins of Mardi Gras Gaming.

But, one casino seems to be bucking the trend, the Seminole Hard Rock Casino. Blackjack tables opened up for the first time over the weekend, and even with the $100 million due to the state of Florida in the first year of card games allowed, the Casino believes it can still push the profits in the weakened economy. I guess it depends on how desperate the economic situation gets, if it really tanks then most casinos can probably expect a sharp upturn as folks look for a way to feel better in tough-times.