Winstar World Casino

[Teo9969]

I would be surprised if more than 20% of Winstar overnight stay business comes from OKC, aside from a concert. Personally, I’d rather travel north to the hotel/casino outside of Wichita, where you can legally bet on sports. Maybe Newcastle doesn’t need to build a resort, but they should start work on at least a casino similar to Riverwind. The prefab buildings are just cheap, awkward and pretty gross. Plus they have one “restaurant” and you can leave that place without smelling like an ashtray. At least Riverwind put in a non smoking area and upgraded their air circulation system.
I guess I’m just puzzled on why they haven’t done anything with Newcastle.

Even 10% would be a huge number to then have to create a similar experience in another area.

[shavethewhales]

The Chickasaw nation has it's hands full for sure with several big projects and they just completed a huge expansion to Winstar. Adding a major OKC casino resort does make sense, but you can only do so much at once. The Newcastle casino will eventually get there - I'm sure that's why they built that huge parking garage.

My understanding is that one of the main values in having a large hotel at a casino is that they comp rooms to the bigger gamblers so they stay and lose more money. It's not really about the actual demand for a hotel, lol. One has to wonder how much the gambling market is growing however. I know it's getting bigger every year, but since the vast majority of gamblers lose over time, how sustainable is the growth?