Farewell. The Flying Pig Has Left The Building.

Steve Hynd, August 16, 2012

After four years on the Typepad site, eight years total blogging, Newshoggers is closing it's doors today. We've been coasting the last year or so, with many of us moving on to bigger projects (Hey, Eric!) or simply running out of blogging enthusiasm, and it's time to give the old flying pig a rest.

We've done okay over those eight years, although never being quite PC enough to gain wider acceptance from the partisan "party right or wrong" crowds. We like to think we moved political conversations a little, on the ever-present wish to rush to war with Iran, on the need for a real Left that isn't licking corporatist Dem boots every cycle, on America's foreign misadventures in Afghanistan and Iraq. We like to think we made a small difference while writing under that flying pig banner. We did pretty good for a bunch with no ties to big-party apparatuses or think tanks.

Those eight years of blogging will still exist. Because we're ending this typepad account, we've been archiving the typepad blog here. And the original blogger archive is still here. There will still be new content from the old 'hoggers crew too. Ron writes for The Moderate Voice, I post at The Agonist and Eric Martin's lucid foreign policy thoughts can be read at Democracy Arsenal.

I'd like to thank all our regular commenters, readers and the other bloggers who regularly linked to our posts over the years to agree or disagree. You all made writing for 'hoggers an amazingly fun and stimulating experience.

Thank you very much.

Note: This is an archive copy of Newshoggers. Most of the pictures are gone but the words are all here. There may be some occasional new content, John may do some posts and Ron will cross post some of his contributions to The Moderate Voice so check back.


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Thursday, October 15, 2009

Building the Bottom

By Dave Anderson:


The Rivers Casino in Pittsburgh has had another bad week.  Their average take per machine per day was $168.  That is an improvement over last week, but it is slightly more than half the level projected by the state and bondholders, and less than half that was projected by the casino owners. 


I think the Rivers has reached a steady state where their revenue per machine per day will bounce between about $160 and $175.  Over the past four weeks, this has been the range that has been reported once the G-20 adjustment has been made (assume the casino was functionally empty for 2 days and thus multiply the G-20 week figure by 7/5). 


At that level, projected revnues will be barely suffficient to cover debt service and license obligation much less general operating expenses.  City and County government projections will also have to be lowered as they were supposed to get a cut of the action (2% a piece) to help pay for externality costs. 


This looks like a medium size oopsie is on the way. 



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