\nRichard Bilbao
\n\tReporter-
\n\tOrlando Business Journal<\/p>\n
\tIs it possible resort casinos in Orlando could wreak havoc on the entire hotel market?
\n\tThat’s the sentiment some anti-casino experts believe if Florida leaders side with supporters of expanding gaming throughout the state.
\n\tLet me be the first to say the economic impacts \u2014 both good and bad \u2014 on the topic of gaming are plentiful. Supporters say it will result in thousands of new jobs, while dissenters say it’s just not the jobs we want. Then there’s the arguments about whether gambling will help or tarnish the state’s family-friendly brand.
\n\tThe lists of arguments go on and on. Trust me, there’s a 700-page report on it.
\n\tBut throughout talks with proponents on both sides of the argument, something did stand out each time: How would Orlando’s bustling hotel market react to a resort casino if it lowers its room rates to draw people to its casinos?
\n\tCould a hyper-competitive resort casino cause the region’s hotels \u2014 which are bouncing back from the Great Recession \u2014 to once again drop their room rates to stay competitive?
\n\tThink about it: What’s more attractive to an Orlando tourist \u2014 a hotel charging $100 per night or a resort charging $90 with access to a 24-hour casino floor?
\n\tDropping room rates would move down through the various levels of properties \u2014 luxury, upper-scale, midrange and economy.
\n\tAnd before you say, "But Richard, that’s good for the guest, cheaper rooms mean we appear more affordable."
\n\tSure, but at what cost to the overhead of a hotel? Properties that have to charge less to stay competitive have less to spend on renovations, upkeep, maintaining quality staff and more to stay in the black.<\/p>\n
Posted by:<\/strong> Dr Crapology on December 19, 2013, 10:16 pm<\/p>\n \tWould be interesting to see what actually happen is gambling was put in state wid.<\/p>\n \tAlligator Rose and Doc<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Richard Bilbao Reporter- Orlando Business Journal Is it possible resort casinos in Orlando could wreak havoc on the entire hotel market? That’s the sentiment some anti-casino experts believe if Florida leaders side with supporters of expanding gaming throughout the state….<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6721","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/6721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=6721"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/6721\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=6721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=6721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=6721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}