Atlantic City Open Forum
Quote: beachbumbabsI would agree wholeheartedly with that exact statement. Slot comps are relatively straightforward; table comps are paltry, and yet my average bet on a table is 10 to 50 times my average slot bet; I would love to see more parity, and more leniency for pit personnel to reward their players.
It's not really about bet size, though. Someone who plays $1 denom slots at $3 per spin probably bets almost the same amount of money per hour as a black-chip blackjack player, at about 10x to 20x the house edge (depending on the blackjack rules, if the blackjack player plays competently)
Quote: Mission146I would specify better, "Discretionary comps," for Table players. Even for a casino who has a liberal comp dollar structure, there's still nothing that compares (in the customer's mind) to thinking they are getting a comp or deal that is just for them.
Great point. Last time I was playing I asked if Earl of Sandwich was still open. My dealer called over the supervisor and asked (basically told) her to comp me and my buddy. She happily obliged. We didn't ask and weren't looking for anything. Gave us a $30 comp. After another half hour or so we made our way over for some sandwiches, used about $25.
From the accounting side, that could be seen as an unnecessary $25 against the bottom line whereas to me it felt like a nice gesture of customer service. They only need to squeeze ten extra hands of PGP out of me to recoup it anyway. Good will turns into real dollars.
Obviously this is one small example but it seems like a microcosm of the whole issue to me.
Quote: beachbumbabsI would agree wholeheartedly with that exact statement. Slot comps are relatively straightforward; table comps are paltry, and yet my average bet on a table is 10 to 50 times my average slot bet; I would love to see more parity, and more leniency for pit personnel to reward their players.
From the casino's point of view, consider the lesser house edge differential & the overhead cost. A dealer & PB, etc. , are paid to facilitate & supervise each bet on a table , while a fixed cost, robotic, slot machine collects the higher house edge on a slot at zero labor cost .
Quote: 7star4nowFrom the casino's point of view, consider the lesser house edge differential & the overhead cost. A dealer & PB, etc. , are paid to facilitate & supervise each bet on a table , while a fixed cost, robotic, slot machine collects the higher house edge on a slot at zero labor cost .
I get your point but the labor cost is far from zero. There are GSM's walking around who basically "supervise" the machines. It is part of their job as well as hand pays, common tilt clears, reloading TITO paper and general customer service....not too dissimilar from a dealer actually :)
Quote: gts4everGreat point. Last time I was playing I asked if Earl of Sandwich was still open. My dealer called over the supervisor and asked (basically told) her to comp me and my buddy. She happily obliged. We didn't ask and weren't looking for anything. Gave us a $30 comp. After another half hour or so we made our way over for some sandwiches, used about $25.
From the accounting side, that could be seen as an unnecessary $25 against the bottom line whereas to me it felt like a nice gesture of customer service. They only need to squeeze ten extra hands of PGP out of me to recoup it anyway. Good will turns into real dollars.
Obviously this is one small example but it seems like a microcosm of the whole issue to me.
Earls never closes. The quality of service varies though.
Quote: 7star4nowFrom the casino's point of view, consider the lesser house edge differential & the overhead cost. A dealer & PB, etc. , are paid to facilitate & supervise each bet on a table , while a fixed cost, robotic, slot machine collects the higher house edge on a slot at zero labor cost .
Tom commented some on this, but I would add that there's a considerable cost in licensing as well these days; almost every new slot introduced at G2E was a movie, tv, or videogame tie-in.
I would also think that if B&M casinos want to survive in the computer-slot age, they need to ramp up the social gaming aspect at the tables and attendant customer service. Otherwise people will just gamble on their app-equipped mobile devices and bypass the casino alltogether. That will include property-only amenities at the table, welcoming dealers, and other innovations. JMHO.
Quote: Lemieux66Earls never closes. The quality of service varies though.
Yea, I thought so but wasn't sure. Honestly, I don't even really like Earls. I think the desserts are much better than the sandwiches.
Quote: edwardhou1anyone been to the Borgata recently and can provide an update on any changes to the table games/DEQ progressive?
Curious if 3-card poker payouts have changed back to their old paytables as well..
Thanks!
The DEQ progressives are still on all the games that they were added to. I confirmed that they are going to be removed, but regulars complained that they've been saying that for months, and no one knew a timetable (although one dealer said end of May, no one else corroborated that). And no one I spoke with knows whether they are going back to 100/50/30/6/3/1 or something else.
Quote: AxiomOfChoiceIt's not really about bet size, though. Someone who plays $1 denom slots at $3 per spin probably bets almost the same amount of money per hour as a black-chip blackjack player, at about 10x to 20x the house edge (depending on the blackjack rules, if the blackjack player plays competently)
How fast you playing slots??? 600 spins/hr is only $1800/hr at $3/spin. To get much above 600 spins an hour, you have to be more degenerate and "halt" the spins/win count up. Generally speaking though, you're right, it's mostly about theo. Slot players generally light money on fire compared to their table game counterparts.
Quote: tringlomaneHow fast you playing slots??? 600 spins/hr is only $1800/hr at $3/spin. To get much above 600 spins an hour, you have to be more degenerate and "halt" the spins/win count up. Generally speaking though, you're right, it's mostly about theo. Slot players generally light money on fire compared to their table game counterparts.
600 spins per hour is 10 seconds per spin. I'm pretty sure that most slot machines are much faster than that. Hell, I pay video poker much faster than that, and that has decisions to be made.
Honestly I've never clocked it, and I guess it's different for different machines, but I was estimating somewhere in the 2-3 seconds per spin range.
Obviously if you are stopping to drink / smoke / chat between spins it will be a lot slower, but 10 seconds per spin seems really, really, really slow.
Quote: AxiomOfChoice600 spins per hour is 10 seconds per spin.
It would be ten spins per minute or 6 seconds per spin :)
I agree that spins are probably quicker than that though. Not a slots player so just estimating based on what I've seen.
If you play blackjack well (basic strategy) at a good high-limit game (available on the strip), you might lose at a 0.3% clip. That means that you'll lose $216 for every $72000 of action. Assume 72 hands/hr to make the math easy (which is a reasonable pace with other players at the table), and you are talking about someone with a $1000 average bet.
Even if you take into consideration that fact that people play terribly, you are still looking at a $300 - $400 / hand player to equal the expected hourly loss of that dollar slot player.
Quote: gts4everIt would be ten spins per minute or 6 seconds per spin :)
Oh, so it is...
Quote: beachbumbabsTom commented some on this, but I would add that there's a considerable cost in licensing as well these days; almost every new slot introduced at G2E was a movie, tv, or videogame tie-in.
I would also think that if B&M casinos want to survive in the computer-slot age, they need to ramp up the social gaming aspect at the tables and attendant customer service. Otherwise people will just gamble on their app-equipped mobile devices and bypass the casino alltogether. That will include property-only amenities at the table, welcoming dealers, and other innovations. JMHO.
I can't believe there isn't a facebook or twitter slot machine yet. Maybe even have it tied into your account somehow.
Wait maybe I am onto something. My idea is now patent pending.
Trump Plaza was clean, and two out of three dealers were friendly enough, but the temperature in there was way too hot. Unless there are other suggestions, I'm thinking that I'll try Revel next, being that parking is free for now, it's fairly easy to get to, and I wanted to see what it's like anyway.
You should use the CET shuttles buses(at the bus lobbies) to get around free. The only problem is waiting so early to get a spot after platinum and above synops in. All you need is a Total Rewards card or your room key.Quote: LineAwayToday's trip at Plaza went better than I thought. Put $20 on the craps table (minimum $10, 5x odds with no minimum), got lucky and turned it into $90 after tips. It was okay, and I finally got my lifelong dream of being served a beverage while gambling. That leaves five more games to knock out, so this should help finance some of that.
Trump Plaza was clean, and two out of three dealers were friendly enough, but the temperature in there was way too hot. Unless there are other suggestions, I'm thinking that I'll try Revel next, being that parking is free for now, it's fairly easy to get to, and I wanted to see what it's like anyway.
Quote: onenickelmiracleYou should use the CET shuttles buses(at the bus lobbies) to get around free. The only problem is waiting so early to get a spot after platinum and above synops in. All you need is a Total Rewards card or your room key.
By-the-book, Gold Total Rewards members can't use the shuttle without a hotel registration card. Even if they don't enforce that and are letting Gold members that aren't staying at a property in, I can't get a Total Rewards card anyway.
Parking isn't too high on my list of priorities, though, it's just a nice thing to have—the only real difference between these casinos that I care about is whether it's clean and comfortable to play and what the table minimum is, and I haven't heard of or spotted a blackjack/craps table minimum lower than $10.
I've never known it but usually stayed at Harrah's anyways. The first year as a guest unofficially and no problem even having my card scanned. It could be possible I was asked if I was staying at a property but don't remember. I'd think it would be a pointless thing for them to enforce though seeing they would have the room. Can't remember much about the ride process after 9 months to comment.Quote: LineAwayBy-the-book, Gold Total Rewards members can't use the shuttle without a hotel registration card. Even if they don't enforce that and are letting Gold members that aren't staying at a property in, I can't get a Total Rewards card anyway.
Parking isn't too high on my list of priorities, though, it's just a nice thing to have—the only real difference between these casinos that I care about is whether it's clean and comfortable to play and what the table minimum is, and I haven't heard of or spotted a blackjack/craps table minimum lower than $10.
Quote: MoscaThe DEQ progressives are still on all the games that they were added to. I confirmed that they are going to be removed, but regulars complained that they've been saying that for months, and no one knew a timetable (although one dealer said end of May, no one else corroborated that). And no one I spoke with knows whether they are going back to 100/50/30/6/3/1 or something else.
Thanks for the update.
I emailed customer care at borgata to see if they would share any info, but of course as I expected they did not answer this.
Natural blackjacks must be paid 3-to-2 ($15 for a $10 bet)
• Dealer stands on Soft 17
• Players may “surrender,” or give up their hand in return for losing only half their bet.
Pennsylvania rules are better than those typically found in Las Vegas, Atlantic City or other gambling hot spots. For a player who adheres to basic strategy, the rules leave a house advantage of less than 0.4 percent.
In other jurisdictions, casinos generally allow dealers to hit Soft 17, which increases the house edge. The Econsult study cites those extra winnings by the casinos — or, viewed from the other side, additional losses by players — as reason for making the change.
“The Pennsylvania regulation tips the odds slightly in favor of the player, and, as a result, leads to less revenue for the casino,” the study says.
That's an overstatement. Having the dealer stand on Soft 17 is better for the player than allowing the dealer to hit, but the house always has the advantage.
Read more: http://triblive.com/obituaries/newsstories/6075740-74/casinos-rules-million#ixzz31SjiPwCe
Follow us: @triblive on Twitter | triblive on Facebook
TRENTON — A Hudson County man has been convicted of illegally placing bets at craps tables at three different Atlantic City casinos after the winning number had already been determined at each of the tables, state authorities said today.
After a week-long trial, an Atlantic County jury found Derek Bethea, 57, of Bayonne, guilty Tuesday of two counts of third-degree swindling and cheating at casino gaming and one count of the same charge in the fourth-degree, authorities said.
The jury determined that on Aug. 15, 2013, he placed a $1,100 bet at a craps table at the Borgata Hotel & Casino after the dice had already come out. He collected the winnings and left, but was detained the next day and charged.
Fifteen days later, Bethea placed a $505 bet at a craps table at Resorts Hotel & Casino after the winning number had been determined. The casino refused to pay the bet and Bethea was again detained and charged.
On the next day, Aug. 31, he placed a $240 craps bet at Revel Casino after the winning number had been determined, and then left the casino after it refused to pay the bet. He was later detained the same day and arrested for the offense.
Authorities said Bethea was convicted in 2001 of similar cheating and swindling offenses and was sentenced to three years in state prison. He was convicted again in September 2005 for committing cheating and swindling offenses that year and subsequently served nearly eight years in state prison, being released on July 19, 2013, authorities said.
The most serious charges carry a sentence of of three to five years in state prison. Sentencing was scheduled for June 6.
http://www.nj.com/news/index.ssf/2014/05/nj_man_guilty_of_placing_craps_bets_in_atlantic_city_after_dice_rolls.html
Quote: 7star4nowNJ man guilty of cheating at craps in Atlantic City
TRENTON — A Hudson County man has been convicted of illegally placing bets at craps tables at three different Atlantic City casinos after the winning number had already been determined at each of the tables, state authorities said today.
After a week-long trial, an Atlantic County jury found Derek Bethea, 57, of Bayonne, guilty Tuesday of two counts of third-degree swindling and cheating at casino gaming and one count of the same charge in the fourth-degree, authorities said.
The jury determined that on Aug. 15, 2013, he placed a $1,100 bet at a craps table at the Borgata Hotel & Casino after the dice had already come out. He collected the winnings and left, but was detained the next day and charged.
Fifteen days later, Bethea placed a $505 bet at a craps table at Resorts Hotel & Casino after the winning number had been determined. The casino refused to pay the bet and Bethea was again detained and charged.
On the next day, Aug. 31, he placed a $240 craps bet at Revel Casino after the winning number had been determined, and then left the casino after it refused to pay the bet. He was later detained the same day and arrested for the offense.
Authorities said Bethea was convicted in 2001 of similar cheating and swindling offenses and was sentenced to three years in state prison. He was convicted again in September 2005 for committing cheating and swindling offenses that year and subsequently served nearly eight years in state prison, being released on July 19, 2013, authorities said.
The most serious charges carry a sentence of of three to five years in state prison. Sentencing was scheduled for June 6.
http://www.nj.com/news/index.ssf/2014/05/nj_man_guilty_of_placing_craps_bets_in_atlantic_city_after_dice_rolls.html
He seemed to be trying to find a low enough bet where the casino wouldn't give a shit lol
Quote: Lemieux66He seemed to be trying to find a low enough bet where the casino wouldn't give a shit lol
lol, reverse martingale
A major highlight of this item is that photographs supposedly showing the site of the incident, the Borgata, is actually the Revel, with its distrinctive big ball up on the roof.Quote: 7star4nowhttp://www.nj.com/news/index.ssf/2014/05/nj_man_guilty_of_placing_craps_bets_in_atlantic_city_after_dice_rolls.html
Quote: 7star4now
The jury determined that on Aug. 15, 2013, he placed a $1,100 bet at a craps table at the Borgata Hotel & Casino after the dice had already come out. He collected the winnings and left, but was detained the next day and charged.
Fifteen days later, Bethea placed a $505 bet at a craps table at Resorts Hotel & Casino after the winning number had been determined. The casino refused to pay the bet and Bethea was again detained and charged.
The latter ($505) bet sounds like the pastposting method described in the excellent memoir American Roulette.
The cheat bets 2 red chips on the line, and after it's been paid, he or his mechanic associate switches the original wager for one purple $500 chip hidden under one red $5 chip -- and then claims the dealer paid him wrong.
I don't know about the $1100 bet ... AC $1000 chips are larger than normal chips and can't be hidden underneath. But maybe it was 2 purple hidden under a black chip, originally bet as 3 blacks.
Quote: SanchoPanzaA major highlight of this item is that photographs supposedly showing the site of the incident, the Borgata, is actually the Revel, with its distrinctive big ball up on the roof.
What are you talking about? The caption under that photo says:
Quote: NJ.comA jury has convicted a Hudson County man of cheating at multiple craps games, including at Revel Casino, and then attempting to collect on the illegally placed bets, state authorities said today. (Aristide Economopoulus/The Star-Ledger)
Makes sense to me.
Quote: sodawaterThe latter ($505) bet sounds like the pastposting method described in the excellent memoir American Roulette.
The cheat bets 2 red chips on the line, and after it's been paid, he or his mechanic associate switches the original wager for one purple $500 chip hidden under one red $5 chip -- and then claims the dealer paid him wrong.
I don't know about the $1100 bet ... AC $1000 chips are larger than normal chips and can't be hidden underneath. But maybe it was 2 purple hidden under a black chip, originally bet as 3 blacks.
Yeah, I would say either the reverse Savannah or perhaps field bets.
The $240 bet has me a little stumped. Could have been a barber pole attempt? 2 x blacks, 1 x green and 3 x reds? - Again I would imagine on the field if anything?
Not a real fast learner =)Quote:Authorities said Bethea was convicted in 2001 of similar cheating and swindling offenses and was sentenced to three years in state prison. He was convicted again in September 2005 for committing cheating and swindling offenses that year and subsequently served nearly eight years in state prison, being released on July 19, 2013, authorities said.
Where will the next four hotly anticipated Guy Fieri projects land? At the opening of his recent Las Vegas restaurant, Guy Fieri's Vegas Kitchen & Bar, Fieri told the Las Vegas Sun that he has "four restaurants getting ready to open up," including locations in Baltimore, Atlantic City, and Laughlin, Nevada, with the AC location opening as soon as "this summer." According to Fieri, "some" concepts will be similar to Fieri's Vegas Kitchen, while "some will have a different concept. One's a steakhouse, one's a Mexican theme."
The Press of Atlantic City floats the rumor that a Fieri-branded steakhouse will take over the former Reserve steakhouse space inside the Bally's Atlantic City resort. A spokesperson for Caesars would not confirm the exact location, but told the PAC that "We are currently exploring the potential of expanding our partnership with Guy in other locations, including Atlantic City."
It should be noted Caesars operates casinos in both Laughlin and Baltimore — at the latter, the Horseshoe Casino Baltimore, it's already confirmed that chefs John Besh and Aaron Sanchez will team for a Mexican concept called Johnny Sanchez.
http://eater.com/archives/2014/05/15/fieri-in-atlantic-city-baltimore.php
The attorney general's office says Bethea had been out of prison for about a MONTH before he went to Atlantic City and attempted to place bets at craps tables after winning numbers had been determined.
Quote: Lemieux66People amaze me. Guy at resorts was playing all the 9:6 machines at once(card in all of them). 10 dollars a credit max betting. He had jackpots on all of them getting paid. He doesn't seem to grasp that he's just owning himself with taxes if he hits quads or better.
your post makes no sense to me. You are saying he shouldn't be playing a $10 machine or he shouldn't be playing multiple of them?
Just because you generate a w2g does not mean that you are going to pay taxes on that money.
ATLANTIC CITY — South Philly's own Steve Martorano, who currently owns namesake restaurants in Florida and Las Vegas, will open a new restaurant in Atlantic City this July.
It's a homecoming of sorts for Martorano, a self-taught chef and entrepreneur who grew up in South Philadelphia and bases many of his dishes on family recipes.
Martorano's Italian-American Kitchen will open inside Harrah's Resort (777 Harrah's Boulevard).
It will feature dishes fans have come to love, such as Martorano's signature Eggplant Stack, South Philly Cheesesteak, Rigatoni Sunday Pork Gravy, Bucatini Carbonara, and the world-famous Homemade Meatballs, which everyone from Jimmy Kimmel to Al Pacino has called the best in the world. Martorano's will also boast the nightclub atmosphere found at his Florida and Las Vegas locations, complete with a dance floor and live DJs.
And don't be surprised to see the occasional celebrity guest cutting a rug, as Martorano's frequent customers include Kevin James, Joe Montana, Ludacris, Shaq, Lorraine Bracco and more.
http://www.nj.com/indulge/index.ssf/2014/05/chef_steve_martorano_to_open_up_new_restaurant_in_atlantic_city.html
Quote: GWAEyour post makes no sense to me. You are saying he shouldn't be playing a $10 machine or he shouldn't be playing multiple of them?
Just because you generate a w2g does not mean that you are going to pay taxes on that money.
He can very well use his losses to offset his wins, but the less you can have the government get involved with your business the better. It's also very time consuming to deal with hand paid payouts.
Quote: Lemieux66He can very well use his losses to offset his wins, but the less you can have the government get involved with your business the better. It's also very time consuming to deal with hand paid payouts.
so no one should play above $0.25? If he is playing at an advantage then he should play as many machines at once that he can.
Quote: GWAEso no one should play above $0.25? If he is playing at an advantage then he should play as many machines at once that he can.
He can play $2 a credit. Only the royal will go above the tax thresh hold.
This comment is asinine and ignorant. He is probably getting at least 2 or 3 times what he would be getting on a $2 denomination. You act as if he is playing only $1 more and creating unnecessary tax forms.Quote: Lemieux66People amaze me. Guy at resorts was playing all the 9:6 machines at once(card in all of them). 10 dollars a credit max betting. He had jackpots on all of them getting paid. He doesn't seem to grasp that he's just owning himself with taxes if he hits quads or better.
Assuming he has an advantage and the bankroll to sustain what he is doing, he should be doing exactly what he was doing (not considering heat ) Play as high as you can afford to. Move machines when you hit a jackpot. Tax forms are probably meaningless to him especially if he plays high denomination often. Its nothing for AP's to sigh for hundreds of thousands in a years time. Did you conciser other things like perks associated with playing higher? This is very common among AP's.
Do you have Any idea what promotion he was going for? He was probably raping the casino meanwhile you are scoffing at him.
Reminds me of some guy in a Pacer laughing at a guy in a Lamborghini.
Quote: AxelWolfThis comment is asinine and ignorant. He is probably getting at least 2 or 3 times what he would be getting on a $2 denomination. You act as if he is playing only $1 more and creating unnecessary tax forms.
Assuming he has an advantage and the bankroll to sustain what he is doing, he should be doing exactly what he was doing (not considering heat ) Play as high as you can afford to. Move machines when you hit a jackpot. Tax forms are probably meaningless to him especially if he plays high denomination often. Its nothing for AP's to sigh for hundreds of thousands in a years time. Did you conciser other things like perks associated with playing higher? This is very common among AP's.
Do you have Any idea what promotion he was going for? He was probably raping the casino meanwhile you are scoffing at him.
Reminds me of some guy in a Pacer laughing at a guy in a Lamborghini.
I might be wrong, but I don't know of any promotions going on at Resorts right now. I also watched him play a bit and he made a few mistakes(he plays very fast and he missed a small pair and kept a big card at least once) so I don't know his situation.
Point multiplier day?Quote: Lemieux66I might be wrong, but I don't know of any promotions going on at Resorts right now. I also watched him play a bit and he made a few mistakes(he plays very fast and he missed a small pair and kept a big card at least once) so I don't know his situation.
Quote: ahiromuI don't follow this thread too closely, so sorry if someone else has reported on this, but just wanted to mention that they're at least partially (if not fully) done adding table games to the Wild Wild West casino. I walked by there on Fri night, they had a DJ playing music with a reasonably large dance floor (free and open to everyone). Not too many people dancing - I'm pretty sure it was country music. The table games were in a small pit, sorry I forgot to check for 6:5. There were a couple of cowgirls dancing in the middle of the pit, it had a similar feeling to the party pits in Vegas.
Every one of them is 6 to 5 and they are only open weekends. Ride the mechanical bull if you wish but don't play these games.
ATLANTIC CITY — Two police officers in Atlantic County were arrested Monday and charged with sexually assaulting a 16 year old, according to a report on PressofAtlanticCity.com.
Andrea Corbin, an officer in Atlantic City and Brigantine officer Ralph M. Pereira are each charged with criminal sexual contact, sexual assault while holding a position of authority and official misconduct, the report said.
Corbin was released on $100,000 bail earlier today. Pereiara was being held at the Atlantic County jail on $100,000 bail.
The report did not indicate if there was more than one victim or when or where the alleged assaults occurred. It did say that more information was expected later today.
A spokesman for the Atlantic County Prosecutor's Office did not immediately return a call.
http://www.nj.com/atlantic/index.ssf/2014/05/2_south_jersey_cops_accused_of_sexually_assaulting_16-year-old.html
Quote: articleA spokesman for the Atlantic County Prosecutor's Office did not immediately return a call.
I love (lol) when journalists write this. It implies that a call was returned, just not immediately. It would be better to state that the call went unreturned.
ATLANTIC CITY — Wall Street experts have seen the future of Atlantic City — and it has fewer casinos in it.
A panel of analysts speaking at a regional gambling conference Tuesday in Atlantic City said a market that has already lost one casino this year still has too many.
My advice to someone who’s thinking about taking on one of these properties, that thinks they can build a better mousetrap is: Don’t do it,” said Joel Simkins, an analyst with Credit Suisse Securities. “It’s very, very difficult.”
The analysts also say they don’t expect Revel to sell for anything close to the $2.4 billion it cost to build. Several say even $300 million might be too high for the city’s newest casino, which continues to lose money.
Drew Goldman, a managing director with Deutsche Bank, said Revel is losing $50 million to $80 million a year.
more:
http://www.reviewjournal.com/business/casinos-gaming/analysts-agree-there-will-be-fewer-casinos-atlantic-city
Quote: 7star4nowAnalysts agree: There will be fewer casinos in Atlantic City
ATLANTIC CITY — Wall Street experts have seen the future of Atlantic City — and it has fewer casinos in it.
A panel of analysts speaking at a regional gambling conference Tuesday in Atlantic City said a market that has already lost one casino this year still has too many.
My advice to someone who’s thinking about taking on one of these properties, that thinks they can build a better mousetrap is: Don’t do it,” said Joel Simkins, an analyst with Credit Suisse Securities. “It’s very, very difficult.”
The analysts also say they don’t expect Revel to sell for anything close to the $2.4 billion it cost to build. Several say even $300 million might be too high for the city’s newest casino, which continues to lose money.
Drew Goldman, a managing director with Deutsche Bank, said Revel is losing $50 million to $80 million a year.
more:
http://www.reviewjournal.com/business/casinos-gaming/analysts-agree-there-will-be-fewer-casinos-atlantic-city
So I take it the Trop buys Revel thread story isn't true?
