Wednesday, December 5, 2018
Vengeance in Biloxi, Book 3 of the Alex, Cherokee Assassin series - a powerful must read at Amazon- Kindle e -book and paper pack
Tuesday, October 23, 2018
Vengeance in Biloxi
Southern Sunsets Publications and author James A. McGregor are pleased to announce the target publication date of November 16, 2018 for 'Vengeance in Biloxi,' the third book in the Alex, Cherokee Assassin series.
In this adventure contract assassin, Alexandra Cowart, is on a mission of revenge for the sex trafficking of young Native American women.
Alex's goal is to free the women from this dehumanizing evil while inflicting significant revenge on the persons who lure, kidnap, rape, and sell the young women into sex slavery.
The setting for this mission is the famous city, Biloxi, Mississippi.
Stay tuned !!
Thursday, May 3, 2018
New Publication Now Available
Author James A. McGregor announced his latest adventure in the 'Alex, Cherokee Assassin series is available at Amazon.com. In this adventure of the dramatic new series, Alex Cowart, an female professional assassin, is on a new mission. Several Native American grave sites and sacred grounds have been desecrated and the remains and artifacts trafficked around the world. Alex will not let this atrocity stand. The fiction book, Alex, Cherokee Assassin - Vengeance in Savannah, is available in e-book and paperback form.
Wednesday, February 14, 2018
2017 Net Gaming Revenues for the Southeastern States
Year-Over-Year
Net Revenues for Commercial Casinos and Racinos Reported to State Gaming
Agencies in the southeastern states
|
This report is produced by the Southern Economist, llc, a Florida based firm providing consulting services to the casino and racino industries in the nine southeastern United States. Data provided in this report is gathered from the four state agencies listed below. These four states have commercial, non-American Indian casinos within their boundaries. Florida, Louisiana and Mississippi have American Indian casinos within their boundaries, however, American Indian entities are not required to report their revenues to their respective state agencies. The states of Alabama and North Carolina each have American Indian casinos which, likewise, are not required to report revenues to state agencies. The states of Georgia and Tennessee do not have casinos or racinos operating within their boundaries.
Florida,
Louisiana and Mississippi gaming revenues were negatively affected by two of
the most devastating hurricanes in the history of the United States. Hurricane
Harvey made landfall August 25th and drenched Texas and Louisiana
for five days. The storm was responsible for 103 deaths and an estimated $125
Billion in damages. Hurricane Irma made landfall September 9th at
the southwestern tip of Florida with 130 mile-an-hour winds along with massive
rains and storm surges. At one point during the storm it covered the entire
state of Florida. Irma traveled along the Gulf Coast of Florida then made
landfall again on the Gulf Coast of Mississippi on
On September
12th, Hurricane Irma was responsible for 100 deaths in United States
and over $66 Billion in damages. We have not quantified the losses in damages
and/or revenues to the three states affected, however we are impressed that the
year-over-year gaming revenues for Florida, Louisiana and Mississippi casinos
and racinos were good in spite of the storms.
Southern Economist, llc members
personally, physically visit each of the 79 commercial and American Indian
casinos and racinos in the southeastern states. We provide quarterly and annual
revenue reports for each of the four state agency reporting states and provide
customized reports on request. For further detail of gaming revenues and/or
facilities reviews, contact us at jamesmcgregorsr@gmail.com or call 904.859.7344.
Sources:
Alabama,
Electronic Games of Skill Summary Reports; Florida Racinos Monthly Slot
Revenues, UNLV Center for Gaming Research; Louisiana Gaming Control Board
Revenue Reports; and Mississippi Gaming Commission Monthly Adjusted Gross
Gaming Revenue Reports.
Friday, December 15, 2017
Louisiana Gaming Revenues - First Half 2017
Year-Over-Year First Six
Months Net Gaming Revenues for the years 2014 through 2017
The first
six months revenues had a rebound for the first six months of 2017 in three of
the four regions and in the statewide totals. The 7.4 percent increase in the
Baton Region led by L’Auberge of Baton Rouge, exceeded the others by a
significant percentage. In addition, only one, the Baton Rouge Region, saw 2017
exceeding their 2015 revenues.
Source: Louisiana Gaming Control
Board Revenue Reports.
Revenue
reports include those from the twenty licensed gaming facilities reporting to
the Louisiana Gaming Control Board. They
do not include the four Native American Tribal casinos since the Tribal groups
do not report to the Louisiana state gaming agency.
Mississippi Gaming Revenues – First Six Months 2017
Year-Over-Year First Six Months Net Gaming Revenues for the years 2014 through 2017
Overall,
Mississippi Gaming Revenues were down 2.88% for the first six months 2017
compared to 2016. Mississippi ‘River Counties’ continue to see a
decline in their first six months Gaming Revenues, over $81,511,933 or 15.13%
from 2014 to 2017. ‘Coastal Counties’ saw a slight decline their
first six months Gaming Revenues for the first time in four years. However the
Net Revenues in the ‘Coastal’ Region have risen by $58,684,669 or 10.81%
during that same 2014 – 2017 period.
Table 1 – Net Gaming Revenues for the two Regions first Six Months each
year (000’s)
Thursday, December 7, 2017
Arkansas Racino Revenues – First Half 2017
Year-Over-Year Net Revenues (Net
Wins) increase significantly again
Arkansas has
two licensed gaming facilities, Oaklawn Racetrack and Casino in Hot Springs,
and Southland Park Racetrack and Casino in West Memphis. Each one continues to
appreciate significant increases in Net Revenues as a result of their 2015 –
2016 expansions.
Table 1 : 2017, 2016, 2015 Comparison
– Arkansas Racino EGS Net Revenues
|
JAN-JUN
|
Net Revenue*
|
Y-o-Y
|
%Win**
|
|||
|
2017
|
$180,563,640
|
8.5%
|
6.82%
|
|||
|
2016
|
166,441,566
|
35.9%
|
N/A
|
|||
|
2015
|
122,455,761
|
27.9%
|
N/A
|
|||
*Net
Revenue is designated as ‘Net Win’ by the Arkansas Racing Commission. It is the dollars wagered minus the payouts.
** “%
Win” is defined as Net Win as a percentage
of dollars wagered.
Table 2:
2014 - 2017 EGS Net Revenues for the two facilities first six months of
each year
|
2014
|
2015
|
2016
|
2017
|
|
|
Oaklawn
|
$33,792,897
|
$47,094,323
|
$62,180,146
|
$68,164,609
|
|
Southland
|
$61,914,065
|
$75,361,438
|
$104,261,420
|
$112,385,031
|
|
Total
|
$95,706,962
|
$122,455,761
|
$166,441,566
|
$180,549,640
|
Source: February through July 2017 Electronic Games
of Skill Revenue Reports, Arkansas Racing Commission
Tuesday, August 8, 2017
2017 Florida Net Racino Slots Revenues Show Slight Increase
In the first
half of 2017, we see a slight increase of 1.1% in Net Revenues from slot
machines at racinos. However, the decline in the rate of growth for Florida
racino slot machine net revenues continues.
(See our March
2017 revenues report for 2016 year-end numbers.)
Table: Florida Racino
Slot Net Revenues, 2015-2017
Jan-Jun
|
Net Revenue*
|
YoY +/(-)
|
Promo**
|
YoY +/(-)
|
2017
|
$290,180,990
|
1.1%
|
$49,821,203
|
8.7%
|
2016
|
286,880,554
|
2.3%
|
45,822,841
|
10.2%
|
2015
|
280,464,109
|
6.1%
|
41,566,061
|
9.5%
|
* Net
Revenue: Dollar amount of money retained by slot machines after paying
jackpots.
**
Promo: Total dollar amount of promotional credits played at the eight Florida
locations.
Source: University of Nevada Las Vegas, Center for Gaming Research, July 2017.
Thursday, March 23, 2017
Slowing Revenue Growth in Florida Racino Slots
2016
Florida Revenues from Slots at Racino: Net Revenues Increase while Growth Slows
The charts and listings below tell the story of slowing
growth and more expensive revenues in calendar year 2016 for the 8 Florida
Racinos.
2017 proposed legislation for the Florida Racino Industry
should require a significant review of what is happening with the eight
existing Florida Racinos. The statistics are not indicative of a growth
industry.
Chart
1: Calendar Year Numbers for the 8 Florida Racinos
Chart 1 shows five of the eight Racinos with a decrease in
Net Revenues, two with increases and one re-opening with new revenues in 2016.
|
Casino
|
Net Revenues
|
Y/Y % change
|
Hold %
|
Promo %
|
Market Share %
|
|
Gulfstream
|
$47,241,009
|
-3.49%
|
6.01%
|
24.52%
|
8.65%
|
|
Mardi Gras
|
45,767,506
|
-5.51%
|
6.75%
|
23.12%
|
8.38%
|
|
Pompano
|
142,287,479
|
-3.41%
|
8.17%
|
17.68%
|
26.06%
|
|
Flagler
|
81,069,957
|
-2.92%
|
6.11%
|
3.57%
|
14.85%
|
|
Calder
|
74,370,902
|
-0.15%
|
7.18%
|
25.69%
|
13.62%
|
|
Miami Jai Alai
|
61,782,543
|
0.80%
|
5.40%
|
16.70%
|
11.32%
|
|
Hialeah Park
|
70,813,899
|
6.18%
|
5.81%
|
11.80%
|
12.97%
|
|
Dania Jai Alai *
|
20,046,515
|
*
|
6.57%
|
17.12%
|
3.67%
|
|
Statewide
|
$543,379,810
|
2.88%
|
6.53%
|
16.75%
|
*Note
– Dania Jai Alai re-opened in January 2016.
It was closed for remodeling during calendar year 2015.
Chart
2: Rate of Growth in Net Revenues
Statewide Net Revenues
increased 2.88%, a dramatic slowdown from the previous two years. Further, this
increase included the re-opening of Dania Jai Alai which added over $20 million
to the statewide total in 2016 with zero in 2015. Statewide Net Revenues for
2015 were $530,661,905, an increase of $15,292,861 over 2014. Absent the Dania
Net Revenues, statewide Net Revenues would have decreased $4,753,654 or 0.89%.
- Years 2015 to 2016 = 2.88% (with the addition of Dania Jai Alai)
- Years 2014 to 2015 = 4.97%
- Years 2013 to 2014 = 8.11%
Chart
3: Net Revenue Growth per Additional Promotion Credit Invested for the 8
Florida Racinos combined
(ie,how much new net revenue was produced by each
additional Promotional Credit?)
Charts 3 and 4 show that the effect of Net Revenue growth
per additional promotional credits decreased significantly from 2014 and 2015.
|
Additional Promo
|
New $ Net Rev
|
New Net/Promo
|
|
|
2015 – 2016
|
$
10,341,990
|
$
15,292,861
|
$ 1.47
|
|
2014 – 2015
|
$
4,841,127
|
$
25,133,659
|
$ 5.19
|
|
2013 – 2014
|
$
-849,240
|
$
37,941,445
|
***
|
***In 2014 Florida Racinos provided $849,240 fewer
Promotional Credits than they did in 2013, yet they produced an additional
$37,941,445 in additional Net Revenues.
In 2015 Florida Racinos provided $4,841,127 more
Promotional Credits than they provided in 2014, and they produced an additional
$25,133,659 additional Net Revenues, or + $5.19 per Promotional Credit
provided.
In 2016 Florida Racinos provided $10,341,990 more
Promotional Credits than they provided in 2015, and they produced an additional
$15,292,861 additional Net Revenues, or $1.47 per promotional Credit provided.
Promotional Credits in 2016 were only 28.3 % as effective in producing Net
Revenues as they were in 2015 and significantly less than in 2014.
Chart
4: Promotional Credits as a Percent of Net Revenue
- 2016 = 16.75% y/y + 9.55%
- 2015 = 15.29% y/y + 1.32%
- 2014 = 15.09%
Chart
5: Hold % = Net Revenues as a percent of total Credits In
Chart 5 shows a slight decrease in the Hold % for the
overall Florida Racino facilities.
- 2016 = 6.53% (-)
- 2015 = 6.60% +
- 2014 = 6.35%
Source: University Libraries, University of Nevada
Las Vegas
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