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Question of the Week Archive (10+ years)

Re(1): MC SLOT PROFITABILITY

Actually what I should have focused on in my thread above is EBITDA (earnings before interest,
taxes,depreciation and amortization).EBITDA is the best measure of operational performance since
it focuses on earnings from core operations.With $85 million in gross profit and limited expenses
they are making a fortune on slot machines!!This,of course,is also true of Casino Miami which has
at least $60 million in gross profit per year.These companies have a lot of nerve to bitch about
how much they lose on their parimutuel operations and advocate for decoupling when the money they
make on slots is a fortune compared to what they may lose on parimutuel operations.It is really
obscene when you realize that the parimutuel operation gives them an exclusive right to stop
competitors from entering their slot business!!! WHAT A RACKET!!!

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