The Casino (3 Viewers)

[Sky Blue Harry H]

Apologies if this has been covered elsewhere. If The Ricoh loses 23 games next season, the casino will take a big financial hit. Conservative estimate off the top of my head £10k per match day. Best part of £250k per annum down. I .would have thought they would have been on at Wasps to get a deal done with us? (I don't think Wasps own the Casino)

 

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[ccfcway]

I suspect £10k is very conservative. be interesting to know, but don't think we will find out

 

[Liquid Gold]

If the contracts for the casino, hotel, f&b, parking etc, will all have penalties without the football club being there. If they don't then when they're due for renewal they'd be worth significantly less.

 

[ccfcway]

If the contracts for the casino, hotel, f&b, parking etc, will all have penalties without the football club being there. If they don't then when they're due for renewal they'd be worth significantly less.

as will hotel, exhibition hall, naming rights etc

 

[Razzle Dazzle Dean Gordon]

as will hotel, exhibition hall, naming rights etc

When are the naming rights up? Surely that is soon?

 

[ccfcway]

When are the naming rights up? Surely that is soon?

about 3 years ago I think ?

 

[Liquid Gold]

When are the naming rights up? Surely that is soon?

They were up ages ago. Ricoh paid an insignificant sum to keep them up for another year. London Wasps can't find an offer anywhere near their valuation as people don't know if they're sponsoring a football ground, which generates much more exposure, or a rugby ground. The club are quite rightly asking for a share of the takings.

 

[clint van damme]

have been told, (fairly sure it's true), that takings have been significantly down in the last year on a couple of 'big' weekends compared to the year before.
Surely the casino operators will be looking for some sort of renegotiation of their terms with no CCFC their next season?

 

[rob9872]

How many do you think go in there? I suspect between 500-1000. If they all average £10 spend (some will be significantly more, some just a pint others may even win occasionally)then say £7,500 in turnover but the profit in that (cost of the beer, extra staff etc) will probably touch £5k so all in I suspect not as significant as you might think. Certainly south of £100k pa I'd say.

 

[skybluetony176]

They were up ages ago. Ricoh paid an insignificant sum to keep them up for another year. London Wasps can't find an offer anywhere near their valuation as people don't know if they're sponsoring a football ground, which generates much more exposure, or a rugby ground. The club are quite rightly asking for a share of the takings.

If you look at West Ham’s and Spurs new grounds the stadium naming bubble has burst. West Ham especially, the Olympic stadium has had two deals collapse at the last moment and each time they’ve offered it up to the next potential sponsor at a cut price of previous negotiations. Not looked recently but last I read they couldn’t find anyone willing to sponsor at any price, same for Spurs. That’s two of the most modern high profile stadiums in the country and in the capital to boot. Can’t see Wasps getting anything of note for naming with or without CCFC at the Ricoh. Would certainly get more with a long term commitment from the club, something the club should be rewarded for. That’s what’s supposed to be happening with the Olympic stadium anyway, if and when it happens.

 

[clint van damme]

How many do you think go in there? I suspect between 500-1000. If they all average £10 spend (some will be significantly more, some just a pint others may even win occasionally)then say £7,500 in turnover but the profit in that (cost of the beer, extra staff etc) will probably touch £5k so all in I suspect not as significant as you might think. Certainly south of £100k pa I'd say.

think you're massively underestimating what gets spent on gambling.

 

[chiefdave]

Would be interesting to know how much of an impact moving our games to Friday or Sunday has on their takings.

Not like they’ll make much from Wasps games as they push for everyone to go to their fan village.

There was no reason it couldn’t have been arranged so fixtures didn’t clash. Other football and rugby clubs manage it. Just Wasps being awkward.

 

[Ashdown]

How many do you think go in there? I suspect between 500-1000. If they all average £10 spend (some will be significantly more, some just a pint others may even win occasionally)then say £7,500 in turnover but the profit in that (cost of the beer, extra staff etc) will probably touch £5k so all in I suspect not as significant as you might think. Certainly south of £100k pa I'd say.

I think your calculations are rather conservative ?! I reckon 500-1000 pre match.....plus over a 1000 post match x at least £10 a head x 25 home matches including cup games would suggest turnover from CCFC footfall at around £1/2 million per season........not to mention away fans who use the hotel and stay overnight and spend more in there. Profit I don't know but staff costs would be minimum wage and there must be a good margin at £5 a pint for that piss in a plastic glass.

 

[Speedies_Chips]

I think your calculations are rather conservative ?! I reckon 500-1000 pre match.....plus over a 1000 post match x at least £10 a head x 25 home matches including cup games would suggest turnover from CCFC footfall at around £1/2 million per season........not to mention away fans who use the hotel and stay overnight and spend more in there. Profit I don't know but staff costs would be minimum wage and there must be a good margin at £5 a pint for that piss in a plastic glass.

Nowhere near a 1000 post match. Are you seriously suggesting 1 in 10 of the attendance go to the Casino after the match. You can rule out all the under 18s and most of the over 60s straightaway.

 

[clint van damme]

Nowhere near a 1000 post match. Are you seriously suggesting 1 in 10 of the attendance go to the Casino after the match. You can rule out all the under 18s and most of the over 60s straightaway.

I think you're probably right but I don't think Rob has taken full account of what is spent at the tables.
In addition, when you get a few away fans in there they seem to kick the arse out of the gambling because it's a one off and a bit of a novelty.

 

[Ashdown]

Nowhere near a 1000 post match. Are you seriously suggesting 1 in 10 of the attendance go to the Casino after the match. You can rule out all the under 18s and most of the over 60s straightaway.

swings and roundabouts as they say, sometimes its absolutely rammed with more than that and yes on other days not so many......still say with gambling/food and high beer prices City and away fans are bunging 1/2 million in there over a season.

 

[Warwickhunt]

I think you're probably right but I don't think Rob has taken full account of what is spent at the tables.
In addition, when you get a few away fans in there they seem to kick the arse out of the gambling because it's a one off and a bit of a novelty.

Reading most supporters sites they only look forward to coming to to the RICOH(the Souless Bowl) because of the Casino as they very rarely get it anywhere else on their travels and go big time when gambling providing they can afford it! I would say at least 330/400 fans in there Pre-Match and Post match (waiting for traffic to abate)

 

[Warwickhunt]

I have stood around the gaming table pre-match and watch people betting! I am gobsmacked that a Roulette table takes around £200 a spin not much paid out though.

 

[Terry Gibson's perm]

Ricoh are in a good position with the naming rights and are now probably paying little or nothing, the cost to remove the big lit sign will be quite significant as well as covering the one on the roof, plus somebody has to pay for all the changes to the brown signs.

The second name is far less valuable than the first one as it will still be known as the Ricoh for years and for most companies they wouldn’t want to pay to make all the changes and a fee for a rugby team and the rugby team that is trying to banish the towns football team.

 

[Terry Gibson's perm]

On the casino anything they lose will hurt them and we should stop using it full stop once we go as anything spent there ultimately helps Wasps stay.

 

[vow]

On the casino anything they lose will hurt them and we should stop using it full stop once we go as anything spent there ultimately helps Wasps stay.

NOChipM

 

[Cranfield Sky Blue]

Apologies if this has been covered elsewhere. If The Ricoh loses 23 games next season, the casino will take a big financial hit. Conservative estimate off the top of my head £10k per match day. Best part of £250k per annum down. I .would have thought they would have been on at Wasps to get a deal done with us? (I don't think Wasps own the Casino)

You’re right. It’s owned by Grosvenor Casinos. It’s one of their most profitable.

 

[mark82]

How many do you think go in there? I suspect between 500-1000. If they all average £10 spend (some will be significantly more, some just a pint others may even win occasionally)then say £7,500 in turnover but the profit in that (cost of the beer, extra staff etc) will probably touch £5k so all in I suspect not as significant as you might think. Certainly south of £100k pa I'd say.

Even at 5k per match that's over £100k pa.

 

[Nick]

Even at 5k per match that's over £100k pa.

That's 10 minutes when I go in there.

*Disclaimer, last time I was on 25p a spin and cashed out when I was a fiver up!

 

[Terry Gibson's perm]

You’re right. It’s owned by Grosvenor Casinos. It’s one of their most profitable.

In a few weeks we will be able to say used to be one of their most profitable

 

[pusbccfc]

How many people hear the word 'Ricoh' on Saturday at 3pm on Sky and Final score?

 

[Johnnythespider]

How many people hear the word 'Ricoh' on Saturday at 3pm on Sky and Final score?

Not me, I'm at the match

 

[ccfcway]

think you're massively underestimating what gets spent on gambling.

absolutely. Casinos don't make their money on beer, its gambling. They must do very well out of ccfc home games

 

[letsallsingtogether]

Nowhere near a 1000 post match. Are you seriously suggesting 1 in 10 of the attendance go to the Casino after the match. You can rule out all the under 18s and most of the over 60s straightaway.

Been in there many a time before the football to meet up with friends.
I for one dont gamble so spend nothing they probably spend a fiver in the 25p machines lucky if there are about 300 city fans in there mind you Sunderland had a few in there.
Most sit in the bar and listen Billy or what ever his name is and to the team being announced most spend no money gambling.

 

[Nick]

It was better when it opened and they had that all you can eat buffet there. No aspect of time as well down there and there was never a phone signal.

Just emerge and it's daylight.