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Hard Rock Hangs In

This week was a discouraging one in the American casino gambling industry. With third-quarter performance results now being made public, it’s rapidly becoming apparent that the national economic crisis is playing havoc on the entire entertainment sector, but especially gambling. Casinos in Atlantic City, Las Vegas, and Pennsylvania all hemorrhaged revenue this summer, with slot machines –long the star attraction of casino gambling establishments- turning in some of their worst performances in recorded history. Yet, at least one local gambling market can still say that their outlook is cheery.

A spokesman for the Hard Rock Hotel & Casino of Tampa, Florida, bragged that the Sunshine State’s gaming market has been “showing double-digit growth all year,” and the Hard Rock is no exception. The casino is owned by the Seminole Indian tribe. Jim Allen, the tribe’s chief executive of gaming operations, attributed the Hard Rock’s success to a focus on quality. The state held a Gaming Summit in the city of Hollywood, where news was uniformly good.

Although the Seminole tribe does not release financial reports, all exterior signs confirm reports that the slot machine and casino gambling destination is doing well. The Hard Rock has not experienced any of the tragic layoffs that the Foxwoods and Mohegan Sun tribal-owned casinos of Connecticut have been forced to execute. Allen said that the Hard Rock’s overall entertainment appeal was helping it stay afloat. Just as many people come for the site’s top-of-the-line restaurants and exclusive nightclubs as to play their wide variety of slot games, he pointed out.

Back to October 2008 Archive.