Filed in archive Global Economy by tj on December 1, 2004

Creative Weblogging has a new baby - the Gambling Weblog in which he analyzes the economics of this industry in the shadows:

"So in summary:
Casino: Loutraki Casino, greece
Casino Size: 70 tables, 700 slots
Staff: 1135
Customers: 900,000 in 2003. 400,000 in the first 6 months of 2004
Daily Customers: 2470 - 93% Greek
Daily Spend: 2.3 million euros
Daily Spend Per Person: 900 euros
Average Profit Per Customer Per Day: 180-200 eurosTotal Profit Per Day: 540,000 euros
Operating Profits: 29.4 million euros first half 2004
Net Profits: 15.3 million euros
Government Tax: 12.5 euros for each customer"

Wow if this is real I might change my industry soon :-)

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Permalink: the gambling economics

Tags: gambling casino economics entrepreneurship technology gambling+economics venture+capital global+econ

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/4191

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