User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


31° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Freezing rain switching to snow Sunday evening through Monday.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Casino Manager Fears Vegas-Style Competition

May 17, 2012, 10:07 PM by Hailey Higgins

Casino Manager Fears Vegas-Style Competition
SIOUX FALLS, SD -

A general manager of several Sioux Falls video lottery casinos says the additional competition of a possible Las Vegas-style casino could hurt an already struggling business.

According to the South Dakota Lottery, the net machine income of video lotteries dropped nearly 13 percent or $28.4 million between 2009 and 2011.

In Sioux Falls, revenue plunged 20 percent or $11.7 million during that same time.

"We expected that decrease," Rob Horrocks said.

Horrocks is the general manager for seven Sioux Falls bars and casinos and says his overall video lottery revenue has decreased up to 25 percent since the state-wide smoking ban was enacted in November 2010.

He says the competition from the Grand Falls Casino took another 15 percent bite out of his video lottery profits.

"It dropped and we've been working hard to get it back. We are lucky for whatever reason, thanks to our customers, we are successful, but some of our competitors may be not so much. It is putting businesses out of business," Horrocks said.

Horrocks admits the possibility of a large casino is scary for existing businesses in Sioux Falls.

While plans are just in the talking phase, Horrocks hopes he and other owners have a seat at the table.

"I don't think letting a tribal casino in the city is the best resolution," Horrocks said.

Previous Story

Next Story


Comments







Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

National Attention For Sioux Falls Bakery

12/15/2014 9:56 AM

A Sioux Falls bakery is getting more national recognition.  CH Patisserie has been named one of the top 75 bakeries in the nation by The Daily Me...

Full Story
Cliff Hangers Gallery Closes; Customers Want Items Back

12/15/2014 10:10 PM

For more than two decades, Cliff Hangers Gallery has been a fixture in Sioux Falls.  A couple of years ago, the business moved from Park Ridge Ga...

Full Story | Watch
What Will Cost More/Less In 2015

12/16/2014 1:36 PM

Industry experts say gasoline prices will continue to fall in 2015, but other prices are expected to rise.

Full Story
Denny Sanford To Donate $25 Million For Scholarship Program

12/16/2014 4:30 PM

Philanthropist T. Denny Sanford is donating $25 million to South Dakota for a scholarship program for the state's technical schools.&nbs...

Full Story
Denny Sanford's Multi-Million Solution To Worker Shortage

12/16/2014 10:04 PM

Sanford's money provides half of the funds for a $50 million scholarship program at the state's technical schools to train workers to fill job...

Full Story | Watch


Events