Subscribe to Updates in Consumer Goods & Services

RSS By Email

RSS By RSS

Add to Google Reader or Homepage

Subscribe in Bloglines


The Expertise Imperative and Compliance Technology
Access to a diverse array of specialized expert inputs drives superior decisions in every organizational context: within corporations, by investors and consultancies, and within nonprofits. When decision makers are confident of their decision inputs, they can respond more quickly and creatively to challenges and opportunities.Learn more about GLG's Compliance Framework


This page may include content provided by Council Members, your access to which is subject to the Terms of Use.
Find Out More

September 17, 2007

And that's not all!

Analysis of: TROPICANA MAKEOVER ON HOLD NOW | www.lvrj.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
William Sherlock
Board Member, Nevada Gold & Casinos, Inc.
Implications: Let's take a closer look at Columbia Suussex from a companywide level

Analysis: Let's look more closely at Columbia Sussex from their gaming operations side. In addition to their nonaction in Las Vegas, they have problems elsewhere. In atlantic City, the company has done extensive job cutting which granted has aided their bottom line greatly. However, their slots revenue through July was done 10.5% and in August down a whopping 17.8%. No amount of cost cutting is going to mitigate these revenue decreases for any extended period. In Indiana, Columbia Sussex has a property in the south which now ranks 5th out of 5 casinos in revenues. Even the French Lick casino which has had a ton of problems of their own has pulled ahead of C.S. In each of these 2 properties, unions are rearing their ugly heads and drooling at the sight of employees being virtually pushed into the union. In Louisiana, the belle of baton rouge has the same syndrome as in ac and ind., last in revenue growth and actual negative growth. The company has 2 properties in Lauglin, Nevada and nobody wants 2 properties in laughlin so they should rid themselves of one othe existing properties. Add in Las Vegas to this scenario and it is not a pretty picture. The answer? What was it Jerry Mcquire said "show me the money"? Well I would say to Columbia Sussex, "show me the marketing". We all like cost cutting but we also know that is a short term fix, you  need to market your property  and grow revenues at some point. Columbia Sussex has failed to do it, thus far.

Other Analyses of the Same Source Article:
THE TROPICANA IS IN DIRE NEED OF SOME HELP NOW NOT LATER
September 14, 2007, Author: Ron Lodge, Senior Marketing Executive (former), Venetian Casino Resort Inc

Report a Concern

GLG News: What Experts Think Is Important





Analytics


Generated at 2008-09-07T01:45:17.680