January Atlantic City Casino Results

http://www.nj.gov/oag/ge/docs/Financials/MGR2012/201201revenue.pdf

Here are the most recent monthly results for each casino and each type game. As you can see, casinos continue to make huge numbers from Blackjack. When the first casino listed holds 22.2%, you have to wonder if people even care about how to play the game.

Drop % never impressed me that much. How many hours did average player crank his buy-in thru the mill? Is interesting that average daily hold was barely past $800 a day. Paying delaers, benefits,vacation, pit, soft count, security, plus share of taxes, utilities, mortgage, etc and you can understand why so many casino managers look at the pit and think about taking out tables and putting in slots. So much more profitable and a hell of a lot less headaches.

Quote: thomasgrayson

Good thing to really read up these results here. I really hope that everything would be well in the future as well. Thanks for this one! Really appreciate a lot of things for this one!

This account is clearly a spambot, albeit a slightly more clever than usual one. Can some other people flag his posts?

Quote: Boz

http://www.nj.gov/oag/ge/docs/Financials/MGR2012/201201revenue.pdf.

Interesting report.

But it raises some questions, too.

For example, shouldn't the win/loss from the $5, $25 and $100 slot machines be a multiple of $5, $25, and $100? They're not. In fact, they all DO have multiples in the drop column - except for the $5 machines at Trop. What gives?

Quote: thomasgrayson

Good thing to really read up these results here. I really hope that everything would be well in the future as well. Thanks for this one! Really appreciate a lot of things for this one!

You joined this forum and dropped links in your first 10 posts. What's your agenda?

Quote: DJTeddyBear

Quote: Boz

http://www.nj.gov/oag/ge/docs/Financials/MGR2012/201201revenue.pdf.

Interesting report.

But it raises some questions, too.

For example, shouldn't the win/loss from the $5, $25 and $100 slot machines be a multiple of $5, $25, and $100? They're not. In fact, they all DO have multiples in the drop column - except for the $5 machines at Trop. What gives?

How do casinos treat free play? If I download $2 in promo credits on a $1 machine, the drop would still be a multiple of 1. If I download $2 in credits on a $5 machine, I have to also put in $3. Maybe that's the situation that gets the drop to end in an 8?

It doesn't appear at first as if these two developments are related, but then again . . .

"ATLANTIC CITY — Blackjack whiz Don Johnson added to his incredible winning streak in February, scorching Tropicana Casino and Resort for $2 million during a month that saw other gaming halls also take a drubbing at table games.

Despite an extra day in February brought by leap year as well as some unusually mild winter weather, gaming revenue at the 11 casino hotels fell 6 percent, to $242.7 million, compared with the same month a year ago.

The leap year calendar, the traditionally busy Presidents Day weekend and springlike temperatures at times were viewed as key for generating more casino visits. However, slot winnings were down 4 percent to $176.2 million and table games revenue fell 10 percent to $66.5 million, the New Jersey Division of Gaming Enforcement reported Friday.
. . .
Eight of the 11 casinos suffered revenue declines in February, led by the newly minted Atlantic Club Casino Hotel, which was down almost 29 percent. Atlantic Club, formerly known as the Atlantic City Hilton Casino Resort, is rebranding itself into a low-cost gaming hall primarily catering to a local customer base. Atlantic Club took a big hit at the table games in February, down nearly 51 percent. Trump Plaza Hotel and Casino also was down 51 percent at the gaming tables, followed by declines of more than 20 percent at both Caesars and Trump Taj Mahal Casino Resort."

More details on finances and Johnson

Quote: DJTeddyBear

For example, shouldn't the win/loss from the $5, $25 and $100 slot machines be a multiple of $5, $25, and $100? They're not. In fact, they all DO have multiples in the drop column - except for the $5 machines at Trop. What gives?

Good point. The only thing I can think of is maybe there are progressive machines where the house puts 1% or 2% of each wager into the progressive so that 2% is not included in the win?

Commercial beachhead to open on the northern end of the Boardwalk. Maybe that will help end the problem of the feral cats.

"ATLANTIC CITY — City Council on Wednesday unanimously approved a redevelopment plan for the city’s 1st Ward that includes development of a gas station and a convenience plaza at Massachusetts and Atlantic avenues. The proposed project is part of a development by Revel near the soon-to open resort. . . .
Council’s unanimous decision comes after officials originally said they wanted to table a decision until Revel officials and Dr. Peter Kuponiyi resolved a lawsuit. Kuponiyi was approved in 2002 to build a new office in the area as long as he found more parking. However, Revel opposed the project and filed a lawsuit.
As of Monday, the casino operator’s lawsuit against Kuponiyi and the city Zoning Board remained scheduled to be heard March 19 in Appellate Court, according to Kuponiyi’s attorney. Revel made an offer Feb. 21 to Kuponiyi, who has since responded with a counteroffer, his attorney Christopher Baylinson said. Atlantic County Superior Court Judge Nelson Johnson ruled July 13, 2011, in favor of the doctor and city government. acpress

Cautionary obituary for a sad venture, or as it might be titled, "A Train to a Casino City That Couldn't Figure Out When the Weekend Came"
Casinos end ACES express train to Atlantic City
Published: Friday, March 09, 2012, 12:15 PM Updated: Friday, March 09, 2012, 12:57 PM
The Associated Press
ATLANTIC CITY — It's the end of the line for an express train whisking gamblers from New York City to Atlantic City.
The ACES train never made money in its three years of existence. Today, the three casinos that paid for the service said they are ending it for good.
Katie Dougherty, a spokeswoman for Caesars Atlantic City, one of the casinos that bankrolled the train service, said the main reason for ending it was difficulty in scheduling it for peak times along the congested New York-to-Philadelphia route. . . .
The service was started in February 2009 by three casinos — Harrah's Resort Atlantic City, and the Borgata Hotel Casino & Spa are the others — with the express purpose of luring New Yorkers who didn't want to ride a bus or sit in three hours of car traffic on the Garden State Parkway. . . .
The service has never turned a profit. The Casino Reinvestment Development Authority pumped $2 million into it the first year to help cover the $5.9 million in loses. Dougherty would not say what the train's total losses or ridership numbers were during the past three years. The three casinos invested $19 million to get the service started. . . .
The train took between 2½ hours and 2 hours and 45 minutes to complete its run from New York's Penn Station to the Atlantic City rail depot. Part of that time involved a delay in Philadelphia where the train had to switch from electric service to a diesel locomotive, a process that could take up to 15 minutes. njo.com

I noticed one interesting thing in the report... Even though the Drop numbers were low, three casinos(borgata, the nugget and the taj) show an incredibly low win/hold number for Caribbean Stud. Is something going on there??? Or is it just luck paired with low drops to sway the results? (note that the borgata's drop wasn't that low...)

Considering the game and considering the three casinos are all unaffiliated(separate companies) makes me curious. someone could be trying to stay under the radar by staying out of just one chain that could throw a red flag on a continually winning player...

NJ March 9, 2012
Total casino win fell 5.9 percent in February 2012 to $242.7 million. Slot machine win fell 4.2 percent, to $176.2 million, while table game win decreased by 10.3 percent, to $66.5 million.

NJ February 10, 2012
Total casino win fell 7.2 percent in January 2012 to $236.9 million. Slot machine win fell 0.1 percent, to $164.7 million, while table game win decreased by 20.2 percent, to $72.2 million.

PA Table Game Revenue for January was $52.98 million. February not reported yet.

It looks like PA may overtake NJ in table game revenue this year.

Quote: mrsuit31

I noticed one interesting thing in the report... Even though the Drop numbers were low, three casinos(borgata, the nugget and the taj) show an incredibly low win/hold number for Caribbean Stud. Is something going on there??? Or is it just luck paired with low drops to sway the results? (note that the borgata's drop wasn't that low...)

Considering the game and considering the three casinos are all unaffiliated(separate companies) makes me curious. someone could be trying to stay under the radar by staying out of just one chain that could throw a red flag on a continually winning player...

This is TOTAL speculation but I wonder if those casinos are trying to get rid of CS. A lot of casinos have done so to make way for the hot games now (mainly MS Stud and UTH). They may have put a lower threshold to win the jackpot, bringing more players in the game and paying out more than before. I'm not sure if those numbers would figure in the table hold, but the chips would be coming out of the tray for more of the lower payouts.

Quote: pacomartin

Total casino win fell 5.9 percent in February 2012 to $242.7 million.
Slot machine win fell 4.2 percent, to $176.2 million, while table game win decreased by 10.3 percent, to $66.5 million.

It looks like PA may overtake NJ in table game revenue this year.

PA table games just reported at $56.6 million
PA slot revenue was $215.7 million

A mere $10 million difference in table game revenue, and NJ counts comp play in their total (PA does not).

Sands Bethlehem to begin music concerts this fall. The presumption is that entertainment will increase table game play, as the closest casino to NYC becomes more of an all around venue with hotels, shopping, and a concert venue.

I think Caribbean is on the outs. Certainly, it is in Vegas, where the table counts have fallen from 38 in January, 2006 to 15 in January 2010 to 8 in January 2011 to 6 in January 2012. The game is almost 20 years old and other games have come to replace it, including Mississippi Stud, 4 card poker, and a number of other ShuffleMaster Texas Holdem games.

Quote: pacomartin

A mere $10 million difference in table game revenue, and NJ counts comp play in their total (PA does not).

Starting on April 1, Total Rewards members will be able to use their Reward Credits to cash in for free play, both for tables and slots (if I read all the literature correctly). Supposedly this will now be available at every casino. Currently, Atlantic City casinos do not take part in Reward Credits for Cash, and with four casinos, this could cause even more inflation.