Pump Gaming Forum ...

Forum for Pittsburgh Penguins-related messages.

Moderators: Three Stars, dagny, pfim, netwolf

Pump Gaming Forum ...

Postby skullman80 on Mon Apr 03, 2006 10:37 pm

Credit drtofu66 from the official Pens board

I just got back from the PUMP forum. I'm sure others will post their more detailed thoughts on it, but my quick impressions:

1) Majestic Star presented first. Their main message was that they did not include arena or urban redevlopment plans because they are going by the letter of the gaming legislation (section 13.13c apparently) that says the application will be based on the casino's merit and revenue generation and that specifically including ancillary things like development would somehow disqualify the application. BUT-- they have been dedicated to their other cities and they have every intention to give back to this community as well (he said that they'd make Pittsburgh the crown jewel in their gaming group's plans). Point of emphasis was the ease of access to their northside site (right off 2 major highways and close to the stadia and science center). No committment to plan B, other than "we'll be glad to discuss things". He also showed a nice video mock-up of their proposal (pretty much like what Pittsburgh First has on their website). One person asked about traffic studies to each applicant-- would your group be willing to contribute to pay for an independent traffic study, essentially. The answer was an emphatic yes, and incidentally noted that the industry standard for persons/car is 1.5 and that any study that puts more than 1.5 people in a car should be viewed as suspect. Not a bad presentation overall and I actually can see some merit to the Northside being the site of a casino. And I think it's good that this group is there to further poke holes in the FC group's proposal along with Pittsburgh First.

2) Harrah's FC was next. I know I'm biased, but they appeared to put very little effort into their presentation. Their message was (and this was stated over and over) "the joining of two world class companies". Many slides showing Harrah's to have higher revenue, a bigger market cap, investment grade bonds compared to the other two (Barden is private, so some of the comparisons don't really hold), 40 million customer database, etc. And FC's chair won some development award. If you read Rev Simms' letter and the points he addressed, you'll have the FC/Harrah's proposal in front of you, except that they did not address any of his points. They still claimed that Harrah's pays its employees $45k/year (even though according to Rev Simms' letter, in KC and similar markets to Pittsburgh they pay the going rate of $27k/year), they are unionized (though not in the markets that they share with IoC-- Biloxi, etc), they are putting twice as much into their casino as IoC (though IoC has said they are putting $400M into their casino and not the $250 that FC seems to be saying), etc. They argued that they will make their casino a DESTINATION and that a slot machine is not, contrary to popular belief, JUST a slot machine that will generate the same revenue no matter where it is (I still don't get this argument, so I won't elaborate further), etc. in line with their "We're Harrah's! We're the biggest, and therefore the best!" partyline. What angered me was they only answered THREE questions post presentation; maybe they took their time answering the questions but that did not seem like 10 minutes. I raised my hand each time and didn't get to ask my question about their revenue projections and what they'd do if they missed like they did in New Orleans. The traffic question was asked again-- yes, they'd be interested in an independent traffic study. When posed with the question of the 1.5 people/car being industry standard and what the first applicant said about viewing any studies with >1.5 people/car as suspect, they said the numbers were based on Harrah's figures and other doubletalk (as if going to a Harrah's casino will pack more people into cars as opposed to going to another casino in the same town, I guess). The best part: when asked if they knew how many people per car their traffic study assumed, they said that THEY DIDN'T KNOW. --BZZZT-- *Point deduction from FC* for BS or just plain being unprepared. The answer is 2.5. Shame on them for that.

3) The IoC/Pittsburgh First was last. Rev Simms gave it with an IoC rep. They showed their video from the website, then Rev Simms explained the proposal was as much about redeveloping the Hill and revilaizing Pittsburgh as anything else. They feel that that the casinos will generate roughly the same amount of revenue. Theirs won't be the biggest casino, but it will be the best one. The proximity to downtown, the arena, and the convention center will be a draw to the casino. IoC will start a development fund as has been stated in the Trib and PG a month or so ago. We all know the rest here, not much would be new to us.

I talked to 3 other forum attendees and they all slanted to the IoC proposal which was good to hear. None viewed SS as a 'good' site to put a casino and all felt that the Hill development was a great reason to go with IoC. Now, if only the GCB will view it the same way. PUMP applied to speak to the GCB with the views of the people who attended tonight presented which can only help IoC if the 3 people I talked to and the vibe of how IoC's presentation was received was any indication.
skullman80
NHL Fourth Liner
NHL Fourth Liner
 
Posts: 19,454
Joined: Sun Jan 29, 2006 12:55 pm
Location: New Kensington, PA

Postby newarenanow on Mon Apr 03, 2006 10:47 pm

Sounds good. Barden makes me nervous with the disqualification for adding things like the arena and other development. I know he is not trying to corrupt anything, he is making a valid point. I hope the IOC did their homework.
newarenanow
NHL Third Liner
NHL Third Liner
 
Posts: 41,500
Joined: Fri Feb 24, 2006 1:56 pm

Postby Stoosh on Mon Apr 03, 2006 11:16 pm

Regarding Barden's comments about the disqualifications of adding things to proposals, I'm not too worried about. I can't remember if it was Rendell or someone else, but I recall someone stating that the reason they decided to put the licenses up for vote as opposed to straight bids was because they felt this process would encourage creativity in the proposals. I remember it being said that any types of community giveback in the proposals would merit additional consideration by the gaming board, and that's why they encouraged creativity in the proposals.

So I don't think there should be any problems with the inclusions of things like the arena in the initial proposals. He may have been more concerned with adding things to the proposals after the fact (like contributions of money towards an arena after their proposal has already been submitted).

I've got to say, it's nice to see IoC getting a warm response from others at this meeting, and it was nice to hear that people seem to be seeing through some of the B.S. that Harrah's seems to be relying upon.
Stoosh
AHL'er
AHL'er
 
Posts: 4,478
Joined: Sat Jan 28, 2006 11:19 am
Location: Aliquippa, PA

Postby FallenHero96 on Mon Apr 03, 2006 11:31 pm

Why does all of this remind me of an episode of "The Apprentice".

Interesting to know what went on there, thanks.
FallenHero96
AHL'er
AHL'er
 
Posts: 2,636
Joined: Sat Jan 28, 2006 2:39 am
Location: Minneapolis, MN

Postby Stoosh on Tue Apr 04, 2006 11:49 am

(Fade in on Boardroom)

Trump: You grossly overinflated your revenue estimates.

You grossly overinflated your revenue-per-machine estimates.

You grossly overestimated the jobs that your plan seeks to create by tying in these "indirect" jobs which are so far removed from a direct connection, it sounds like something Omarosa came up with.

You stand there the whole time and do nothing but trumpet the size of your corporation and this customer network that you have.

You give next to nothing back to the community and, frankly, it's gotten to the point that the only way you can hope to win this is to dupe the uninformed public with out-of-whack projections or even worse, buy off politicians.

That's why I just have to say...Forest City Enterprises...

Image


YOU'RE FIRED! (Abe Naparstek looks on in absolutely stunned silence)

Get up...get out...all of you...OUT!

(The Forest City group sheepishly gets out of their chairs and exits the boardroom.)

Trump (to Carolyn and George): I feel pretty good about that one.
Stoosh
AHL'er
AHL'er
 
Posts: 4,478
Joined: Sat Jan 28, 2006 11:19 am
Location: Aliquippa, PA

Postby netwolf on Tue Apr 04, 2006 1:24 pm

Excellent stuff, Stoosh.
netwolf
NHL Fourth Liner
NHL Fourth Liner
 
Posts: 15,388
Joined: Sat Jan 28, 2006 2:04 am

Postby Stoosh on Tue Apr 04, 2006 1:34 pm

My wife and I love that show. That and The Amazing Race are really the only two reality shows that we're into.

Unfortunately, The Apprentice has gone the route of most reality TV shows that have been on for more than a few years now, which is to say that it seems like half the cast couldn't care less about working for Trump. They're pretty much crazy people who only want to be on TV (witness "Brent" from this season). It's a little bit better this year (as compared to Season Four), but we have the first season on DVD at home, and if you go back and watch it now, it was actually a very well-constructed show.
Stoosh
AHL'er
AHL'er
 
Posts: 4,478
Joined: Sat Jan 28, 2006 11:19 am
Location: Aliquippa, PA

Postby Racer17 on Tue Apr 04, 2006 1:39 pm

I know it's beating a dead horse.. but I can't stress this enough. Make ANYONE who supports FC go down to Station Square Saturday night at 10:30 and try to get in the parking lot. Now imagine after a hockey game or other big event another 5,000 people trying to get in that line that snakes around the Exxon station and blocks half of Carson Street?

Then have them try to leave at 1:30 am and tell me how well that works too.

Complete mess now, even worse with a casino. IOC is by far the best location and plan.
Racer17
Junior 'A'
Junior 'A'
 
Posts: 480
Joined: Sat Feb 11, 2006 2:24 pm
Location: Brentwood, PA

Postby jimjom on Tue Apr 04, 2006 4:39 pm

Stoosh wrote:My wife and I love that show. That and The Amazing Race are really the only two reality shows that we're into.

Unfortunately, The Apprentice has gone the route of most reality TV shows that have been on for more than a few years now, which is to say that it seems like half the cast couldn't care less about working for Trump. They're pretty much crazy people who only want to be on TV (witness "Brent" from this season). It's a little bit better this year (as compared to Season Four), but we have the first season on DVD at home, and if you go back and watch it now, it was actually a very well-constructed show.


That guy "Raj" from one of last year's seasons with the bow tie and the cane was a real attention-hungry toolbox.

And reality shows aside, thanks for the Slots info.
jimjom
AHL All-Star
AHL All-Star
 
Posts: 6,862
Joined: Wed Feb 01, 2006 6:34 pm
Location: Presto


Return to Pittsburgh Penguins

Who is online

Users browsing this forum: Admin, DropEmJayBird, Humperdink, meow, Pruezy11881 and 26 guests


e-mail