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|Monday, June 01, 2009|
Headcounts are up 12.5% even as customers decreased their spending by an average of $10 each at The Mill Casino in Coos Bay, says spokesman Ray Doering. He says revenue for the first quarter of 2009 is flat compared to the first quarter of 2008.
The Mill laid off 33 workers in October but has hired 12 of them back, and has 12 more positions open now. Doering says eliminating staff, cutting back hours and freezing raises for management cut enough costs to offset the loss in revenue due to reduced customer spending. Promotions such as early-bird specials in the restaurant and temporary reduced prices at the hotel have drawn new customers from outside struggling Coos County, where unemployment is 13.7%.
Jeff Dense, an economics professor at Eastern Oregon University who researches gaming, says consumers taking vacations closer to home, along with a smoking ban in bars with video lottery machines, has helped prop up business at tribal casinos. People drive 50 miles to get to a casino instead of walking down the street to a bar? “If they could smoke, they’d travel,” Dense says.
He says lotteries are usually more recession-proof than casinos, but not this year. The state reports lottery revenues are down 9%.
Headcounts and revenues were steady at Spirit Mountain Casino in Grande Ronde in the first quarter of this year, says CEO Rodney Ferguson, but he says customers now spend more on non-gaming activities than gaming. Kah-Nee-Ta, Wildhorse and Chinook Winds casinos say their revenue is flat over last year. The Old Camp, Three Rivers, and Kla-Mo-Ya casinos did not respond to inquiries.
Local economies may have an impact on tribal casinos. Fifty-six jobs were cut in January at Seven Feathers Casino in Douglas County, where unemployment is 16.9%. Wayne Shammel, general counsel for the Cow Creek tribe, says revenue is down more than 15% from last year. He expects more traffic now that the casino hotel has added 155 rooms. But for now, customers are scarce. “There’s no such thing as milk, bread, eggs and a hand of blackjack,” he says.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Friday, May 30, 2014
Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Thursday, June 26, 2014
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.