|| Print ||
|Archives - June 2009|
|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.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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.
Tuesday, August 26, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Snapchat now worth $10B|
|Tomatoes may lower prostate cancer risk|
|WHO: Ban e-cigarette use indoors|
|Burger King to acquire Tim Hortons for $11.5B|
|Burger King in talks to buy Tim Hortons|
|Damage from Northern California quake could reach $1B|
|Yellen says job market hampered|
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 William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.