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.


-3° 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

The City's Largest Construction Project Will Impact Thousands

3/2/2015 5:04 PM

It's being billed as the city's largest construction project this year at a cost of just under $9 million and it's going to impact thousan...

Full Story | Watch
Whiffer's Sandwiches Back Open For Business

3/2/2015 4:00 PM

Whiffer's Sandwiches is serving up lunch on Minnesota Avenue again.

Full Story
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls

3/3/2015 2:45 PM

Costco is switching credit card company partnerships and that is going to have an impact on Citibank in Sioux Falls.  

Full Story
Great Western Bank To Close Two Sioux Falls Branches

3/4/2015 12:57 PM

Great Western Bank is closing its branches in the Walmart store on South Louise Avenue in Sioux Falls and at the Western Mall at the end of the month.

Full Story
Target Plans $2B In Cost-Cutting Moves

3/3/2015 3:20 PM

Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

Full Story


Events