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|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 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Thursday, June 18, 2015
While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.
Monday, July 13, 2015
BY JACOB PALMER
Holding a Power Lunch at Veritable Quandary in downtown Portland.
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Monday, June 22, 2015
The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.
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Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.