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.


29° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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

Empire Mall Burger King Closes

3/22/2015 2:30 PM

The Burger King inside The Empire Mall in Sioux Falls is closing Sunday, March 22.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story
GM Ignition Switch Death Toll Rises To 74

3/23/2015 11:20 AM

Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.

Full Story


Events