Poll

10 votes (27.02%)
1 vote (2.7%)
No votes (0%)
No votes (0%)
No votes (0%)
8 votes (21.62%)
1 vote (2.7%)
2 votes (5.4%)
23 votes (62.16%)
2 votes (5.4%)

37 members have voted

rdw4potus
rdw4potus
  • Threads: 80
  • Posts: 7237
Joined: Mar 11, 2010
November 4th, 2012 at 6:00:38 AM permalink
Quote: pacomartin

September Table Games Revenue
$77,578,729 - Atlantic City
$59,301,910 - Pennsylvania

In addition Sands PA came within 1/2% of AC Ceasars for table games. Only Ceasars and Borgata make more money in table games now.

With the AC casinos being closed for Sandy, October will certainly be the first month that PA beats NJ in table game revenue. It will probably take another year before it happens without a storm (assuming nothing stops the NJ collapse).



Certainly? Nah. The storm only cost 3 days in October, and affected the Eastern PA casinos as well. NJ will win Oct. starting with a >20% advantage and being closed for less than a week in Nov, AC might win Nov as well.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
DJTeddyBear
DJTeddyBear
  • Threads: 207
  • Posts: 10992
Joined: Nov 2, 2009
November 4th, 2012 at 10:43:24 AM permalink
I think AC will have a terrible November despite reopening so quickly, for one simple reason: the current gas crisis.

I almost went to the Sands today because I heard that gas is easy to get in PA.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
rdw4potus
rdw4potus
  • Threads: 80
  • Posts: 7237
Joined: Mar 11, 2010
November 4th, 2012 at 10:52:44 AM permalink
Quote: DJTeddyBear

I think AC will have a terrible November despite reopening so quickly, for one simple reason: the current gas crisis.

I almost went to the Sands today because I heard that gas is easy to get in PA.



Cheap and easy to get in PA. In Western NJ, too, at least in the Philly area.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
November 4th, 2012 at 11:01:25 AM permalink
Quote: DJTeddyBear

I think AC will have a terrible November despite reopening so quickly, for one simple reason: the current gas crisis.

I almost went to the Sands today because I heard that gas is easy to get in PA.



The Turkey Hill Minit Market{1140 Hellertown Road Bethlehem (610) 749-9469} right as you get off I78 to go to the casino is jammed with New Jersey people who are going to the casino and getting inexpensive gasoline at the same time. There is also an Exxon in the other direction that is crowded.

About a mile beyond the casino behind the Comfort Suites is another gas station. It will be less crowded.
Hess Gasoline:201 Broadway Bethlehem PA (610) 866-0509
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
November 21st, 2012 at 6:01:04 PM permalink
Quote: rdw4potus

Certainly? Nah. The storm only cost 3 days in October, and affected the Eastern PA casinos as well. NJ will win Oct. starting with a >20% advantage and being closed for less than a week in Nov, AC might win Nov as well.



And I stand corrected. Table games dropped in Pennsylvania as well (as you predicted). Pennsylvania has come close, but it has never broken $60 million for TG's ($59,861,456 is the peak for one month), so AC is still holds the lead (barely).

$55,296,643 Pennsylvania October Table Games
$60,242,234 Atlantic City October Table Games

Sands Bethlehem has 30 poker tables and 122 other tables. They received permission to add 31 new tables and rearrange 800 slot machines to fit them in. As long as they don't eliminate slots (and the state government's 55% cut) the state has no problem.

Sands Bethlehem makes $985 per day on poker table and $3322 on other tables. These are the highest numbers outside of Nevada. With the 31 new tables they hope to make the most table game revenue of any casino outside of Nevada. Currently they are still behind Borgata, Ceasars AC, and Charlestown West Virginia.

Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
November 21st, 2012 at 6:15:40 PM permalink
Maryland Live will be adding 150 table games this spring.
There have been over 2,00 on line applications.
After in-person interviews, vetting and culling, at least 1,000 applicants will be invited to attend the free Maryland Live Dealer School, which begins Jan. 7 .
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
aceofspades
aceofspades
  • Threads: 366
  • Posts: 6506
Joined: Apr 4, 2012
November 21st, 2012 at 7:22:13 PM permalink
Quote: Gambit55

One thing that has been left out for $1 tables is you can avoid the 25 cent hand fee by playing 6-10 dollars.

However, the $10 maximum does make for limited profit spread, but you pretty much expected that by attempting to endure a $1 BJ table!



It has always been my understanding that the $.25 ante applied for all bets from $1-$5 but not on $10 bets (however, there are no bets allowed of $6, $7, $8 or $9

Has this changed?
AceCrAAckers
AceCrAAckers
  • Threads: 30
  • Posts: 377
Joined: Jul 12, 2011
November 21st, 2012 at 7:40:34 PM permalink
The Plaza will go down. The GN doesn't look all that good either nor Revel. AC still acts like it is only action in town. NJ gave Stanley Ho's daughter a hard time when she wanted to build in AC. Guess what she did. She increases her stake in Macau where they do more in one month than all of AC does in one year. Hell they do more in a week than AC does in a year.

What was Revel thinking when they tried to make it a club first with 20 something being their main clientele? You have to get up an escalator with a death plunge to get to the gambling floor. If you want to play poker, you can't find the room where it is held.
It isn’t my dime or my 1.6 + billion dollars either. Revel will go down. Not enough of a draw to get players going there. They won’t take away the Borgata’s players. They have a stripper pole without the naked girls. What are they hoping for? The occasional drunk who wants to see scantily clad ladies who wants to gamble at the same time with loud music blaring in their ears. They have cornered this market.
I take Revel to go down first and Plaza a close second.
Edward Snowden is not the criminal, the government is for violating the constitution!
vendman1
vendman1
  • Threads: 9
  • Posts: 1034
Joined: Mar 12, 2012
November 21st, 2012 at 8:11:01 PM permalink
Not even close it's the Trump Plaza, it doesn't look like they are even trying. Yes Revel is doomed long term but I think they have enough cash to keep it going a while longer. The other "weak sisters" in town, Atl. Club, and GN are both actually developing a nitch for themselves I think. They might be OK.
WongBo
WongBo
  • Threads: 62
  • Posts: 2126
Joined: Feb 3, 2012
November 21st, 2012 at 8:21:36 PM permalink
I stayed at Plaza last nigjt...call me nostalgic

That is the best location in Atlantic City
and here it is on the verge of collapse.
Symbolism much?
In a bet, there is a fool and a thief. - Proverb.
WongBo
WongBo
  • Threads: 62
  • Posts: 2126
Joined: Feb 3, 2012
November 21st, 2012 at 8:35:14 PM permalink
"Atlantic City...yes it was beautiful then...what with the rackets, the whoring, the guns."

"The Atlantic Ocean was really something those days
you should have seen the Atlantic Ocean back then.."
In a bet, there is a fool and a thief. - Proverb.
Wizard
Administrator
Wizard
  • Threads: 1491
  • Posts: 26435
Joined: Oct 14, 2009
November 21st, 2012 at 10:17:32 PM permalink
I've never even heard of the Atlantic Club. Who is behind them?
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Boz
Boz
  • Threads: 155
  • Posts: 5701
Joined: Sep 22, 2011
November 21st, 2012 at 10:36:01 PM permalink
Quote: Wizard

I've never even heard of the Atlantic Club. Who is behind them?



Colony Capital. It is the old AC Hilton and lost its brand like the LVH in Vegas owned by the same people. It was the Golden Nugget that was Steve Wynn first try in AC many years ago.

They are trying to be a locals casino and were actually making progress before Sandy.
DJTeddyBear
DJTeddyBear
  • Threads: 207
  • Posts: 10992
Joined: Nov 2, 2009
November 22nd, 2012 at 6:06:58 AM permalink
Quote: Wizard

I've never even heard of the Atlantic Club. Who is behind them?

That's what you get for not reading every post.
Just kidding.

But seriously, as mentioned, it was the original AC Golden Nugget, and eventually became the AC Hilton.

As the Atlantic Club, the niche it's carving out is that of a local's casino. Toward that end, player's club points can be redeemed at local businesses not affiliated with the casino. More info: http://www.atlanticclubcasino.com/locals
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
November 22nd, 2012 at 7:18:50 AM permalink
Quote: WongBo

"Atlantic City...yes it was beautiful then...what with the rackets, the whoring, the guns."

"The Atlantic Ocean was really something those days
you should have seen the Atlantic Ocean back then.."




I read somewhere the beach will be reduced from over 100 feet to less than 25 feet from the boardwalk to the Ocean ? At least I got to see the Diving Horse once !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
November 22nd, 2012 at 7:26:30 AM permalink
I wonder if Atlantic City movie is on Netflix? Or better yet, Field of Dreams. Burt Lancaster nailed it as
" Dr. Archibald 'Moonlight' Graham " I have 2 childhood friends who never made it to the big league
while guys who used steroids did. It would have made their years in the minors worthwhile to just have
played in the big leagues once. Just called up at seasons end. SIGH

Field of broken dreams, small and large. !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
November 22nd, 2012 at 8:41:46 AM permalink
Quote: 1BB

I get the fun part for the casual player but playing an ante game is just throwing money away. If you play 100 hands per hour you're renting the chair for a whopping $25 per hour. That money goes straight to the tray before the hand is dealt.

Not everyone is a dedicated card counter who can recite Basic Strategy in their sleep and do basic arithmetic flawlessly all day and night.

Impromptu players who say let's head to the casino for the day still bring in alot of money and keep the dealers at the tables.

Taking care of the bottom feeders is still part of the job that casinos do.
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
November 22nd, 2012 at 8:44:29 AM permalink
local marketing tie ins are a big thing in the industry right now. Points go on your casino card and come off at various local merchants as you choose. The casinos appear to be very friendly to local merchants and build a base of support in the community.
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
November 22nd, 2012 at 8:56:50 AM permalink
" If you play 100 hands per hour you're renting the chair for a whopping $25 per hour. "

They are sheep, born to be sheared !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
strictlyAP
strictlyAP
  • Threads: 116
  • Posts: 983
Joined: Jun 20, 2012
November 22nd, 2012 at 9:06:20 AM permalink
it was actually ballys grand for a while as well
The bet will not be paid- not now not ever
Wizard
Administrator
Wizard
  • Threads: 1491
  • Posts: 26435
Joined: Oct 14, 2009
November 22nd, 2012 at 2:52:02 PM permalink
Quote: Boz

Colony Capital. It is the old AC Hilton and lost its brand like the LVH in Vegas owned by the same people. It was the Golden Nugget that was Steve Wynn first try in AC many years ago.



Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
1BB
1BB
  • Threads: 18
  • Posts: 5339
Joined: Oct 10, 2011
November 22nd, 2012 at 4:12:35 PM permalink
Quote: Wizard

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.



It's only about a 30 minute or so walk from the AC Club to Revel at a normal to brisk pace.

We've all heard the song "Under the Boardwalk" by the Drifters. Who thinks it was written about Atlantic City?
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
vendman1
vendman1
  • Threads: 9
  • Posts: 1034
Joined: Mar 12, 2012
November 22nd, 2012 at 4:47:53 PM permalink
Quote: Wizard

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.



That must be the one, its 4 or 5 blocks farther south than the Tropicanna which is the other casino on the south end of the boardwalk. So no it's not worth making a special trip for. But at this point it's the best option for low rollers in AC.
Buzzard
Buzzard
  • Threads: 90
  • Posts: 6814
Joined: Oct 28, 2012
November 22nd, 2012 at 4:48:21 PM permalink
Next you will be trying to tell me the streets in Monopoly are named after AC streets. I must look gullible.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
November 22nd, 2012 at 7:15:08 PM permalink
Quote: Wizard

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.



Being far removed was supposed to be exclusive when Steve Wynn opened in 1980. From 1983-1986 it was the top ranked of the casinos in AC.

1983 revenue
$262,811 Golden Nugget
$252,472 Resorts
$230,814 Bally's PP
$213,592 Caesars
$201,480 Harrah's Marina
$199,130 Tropicana
$156,424 Sands
$144,015 Playboy
$110,205 Claridge

When Trump sold the resort in 1987 to Bally's (who renamed it Bally's Grand) it immediately went from 1st to 5th place the first year.

It wasn't until 1991 that the "million dollars a day" barrier was broken in AC by Trump Taj Mahal. By 1991 "Bally's Grand" was now the 2nd from the bottom, (only Claridge's was lower) a sad slip in only 5 years.
strictlyAP
strictlyAP
  • Threads: 116
  • Posts: 983
Joined: Jun 20, 2012
November 22nd, 2012 at 7:33:32 PM permalink
i owned two properties in atlantic city, one directly to the right of the atlantic club and one directly to the left, they were identical condos , formerly a motel, purchased them both for 17500 each. sold one to wynn for 175k in the peek of the nugget, he was negotioting to buy the other side when he sold the nugget, long story short the one on the right side 25 years later worth about what I paid for it, location is everything
The bet will not be paid- not now not ever
WongBo
WongBo
  • Threads: 62
  • Posts: 2126
Joined: Feb 3, 2012
November 22nd, 2012 at 11:06:03 PM permalink
Atlantic Club is fun with its low limits and not a far walk.
It is only five minutes to Tropicana and maybe ten more to Trump Plaza
which is right next to Caesars and Ballys.
I will be in AC next tuesday and wednesday
for anyone who wants to chill out playing tiles or craps.
In a bet, there is a fool and a thief. - Proverb.
ahiromu
ahiromu
  • Threads: 112
  • Posts: 2107
Joined: Jan 15, 2010
November 23rd, 2012 at 6:48:02 AM permalink
Just thought I'd mention that Caesar's Saturday/Sunday buffet with snow crab is now up to $38 (from $30 in late September). It's very good and I'll continue buying it, but if you don't eat at least a few pounds of snow crab it's a HUGE waste.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
BedWetterBetter
BedWetterBetter
  • Threads: 33
  • Posts: 608
Joined: Oct 20, 2012
November 23rd, 2012 at 8:47:47 AM permalink
Yea, a lot of AC buffets are doing seafood "specials" and jacking up the price for it.

Golden Nugget(ex-Trump Marina) has a weekend Seafood buffet for 26.99, but the only difference from that and the reg. buffet(20.99) is Steamed crab legs and some fried shrimp.

Not worth the extra dough out of pocket, but lucky me, I get Buy 1 get 1 and 2 free buffets a week!
Pokeraddict
Pokeraddict
  • Threads: 36
  • Posts: 786
Joined: Feb 21, 2012
December 6th, 2012 at 4:32:29 PM permalink
Pokerstars in talks to buy Atlantic Club

http://online.wsj.com/article/SB10001424127887324001104578163792702170834.html?mod=googlenews_wsj
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
January 5th, 2013 at 3:34:07 AM permalink
I thought I would mention that November 2012 was the first time that Pennsylvania ($55m) made more money on table games than New Jersey ($50m). Now New Jersey casinos were closed the first two days of the month, but the effect of the storm reached into the days when they first re-opened.

During the two preceding gaming weeks ended November 9, 2012 ( which includes the days the casinos were closed for Hurricane Sandy and a second severe
storm which impacted New Jersey and the mid-Atlantic region on November 7 ) casino win was down approximately 63% compared to the same two weeks of 2011.
Boz
Boz
  • Threads: 155
  • Posts: 5701
Joined: Sep 22, 2011
January 6th, 2013 at 1:35:30 PM permalink
If anyone is betting, don't bet against Trump Plaza. They have laid off most staff and you cannot get food or a beer after 11PM at a bar or restaurant. Even the $1 BJ table is not full. Rooms are priced like Fremont during the week.
thezone
thezone
  • Threads: 7
  • Posts: 43
Joined: Nov 19, 2012
January 6th, 2013 at 1:58:46 PM permalink
The answer is Trump Plaza... As of very recent, the word in town is that it was purchased by the former CEO of Trump promperties and most recently an executive with Wynne, Mark Brown along with a financial backer.

I trust that he will know how to open a new casino in town... unlike the folks at Revel. Keep it sexy and simple. Cater to the players. Hot waitresses and staff. Brand it. Have cool bars to attract the right crowd. Killer poker room. Dont overpay executives that your buddies with and then bankrupt the joint like Donald Trump... 3 x that is.
s2dbaker
s2dbaker
  • Threads: 51
  • Posts: 3259
Joined: Jun 10, 2010
January 16th, 2013 at 3:33:48 AM permalink
Quote: thezone

The answer is Trump Plaza...

Between this and the Atlantic Club takeover by PokerStars it looks like a close race to the finish.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
1BB
1BB
  • Threads: 18
  • Posts: 5339
Joined: Oct 10, 2011
January 16th, 2013 at 4:39:42 AM permalink
Has the Trump Plaza's player's club card always been good at the Taj or is this something new? I ask because every time I walked by the Taj last weekend it was blaring from their loudspeakers.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
vendman1
vendman1
  • Threads: 9
  • Posts: 1034
Joined: Mar 12, 2012
January 16th, 2013 at 5:13:55 AM permalink
Yeah the Trump One card had always been good at all 3 Trump properties....oh wait they sold the Marina to the GN. So now both the Taj and the Plaza. Oh wait the Plaza is going out of business any day. So just the Taj. But yes it's good at both properties. Just wanted to take a shot at the Donald. Even though he hasn't been directly involved with the properties for a while now.
ahiromu
ahiromu
  • Threads: 112
  • Posts: 2107
Joined: Jan 15, 2010
January 16th, 2013 at 5:25:30 AM permalink
Quote: 1BB

Has the Trump Plaza's player's club card always been good at the Taj or is this something new? I ask because every time I walked by the Taj last weekend it was blaring from their loudspeakers.



You can use and accumulate points at both properties (I'm 100% sure comp dollars, almost positive tier points). On the other hand, your offers such as for rooms and match play are unique to each casino.

I have never played at Taj, but was able to get dinner there.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
vendman1
vendman1
  • Threads: 9
  • Posts: 1034
Joined: Mar 12, 2012
January 16th, 2013 at 5:43:09 AM permalink
Quote: ahiromu

You can use and accumulate points at both properties (I'm 100% sure comp dollars, almost positive tier points). On the other hand, your offers such as for rooms and match play are unique to each casino.

I have never played at Taj, but was able to get dinner there.



Yeah that's correct, I should have been more specific. I stay and play at the Taj often and get room/meals/freeplay. I never play at the Plaza. So no offers from there.
I could however use my comp dollars earned at the Taj at the Plaza.
DJTeddyBear
DJTeddyBear
  • Threads: 207
  • Posts: 10992
Joined: Nov 2, 2009
January 16th, 2013 at 6:02:45 AM permalink
Quote: 1BB

Has the Trump Plaza's player's club card always been good at the Taj or is this something new?


Always? No. But they have been linked for at least 5 years now.

On a related note, I get email offers from Golden Nugget sent to the address tied to my original Trump Taj card. I had never been to the Trump Plaza.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
SanchoPanza
SanchoPanza
  • Threads: 34
  • Posts: 3502
Joined: May 10, 2010
April 22nd, 2013 at 7:59:07 AM permalink
Icahn stymies Trump Plaza purchase, saying the $20 million price was too cheap.
"The California development company that sought to buy Trump Plaza Hotel and Casino for $20 million announced Friday night that the sale has been delayed, creating even more uncertainty for Atlantic City’s poorest-performing property.

“We are disappointed to announce that our acquisition of the Trump Plaza cannot be completed as planned at this time because Trump Entertainment has been unable to obtain a release of the mortgage held by their senior secured lender,” the Meruelo Group said in a statement.

Trump’s senior lender is billionaire investor Carl Icahn, who holds the mortgage on Trump Plaza even though he lost a highly publicized bankruptcy battle in 2010 for control of the Trump casinos. The bankruptcy judge ruled in favor of corporate bondholders supported by Donald Trump." acpress
SanchoPanza
SanchoPanza
  • Threads: 34
  • Posts: 3502
Joined: May 10, 2010
August 25th, 2013 at 1:07:12 PM permalink
A brutal second quarter:
Posted: Friday, August 23, 2013 2:00 am

Eight of Atlantic City’s 12 casino hotels turned a profit in the second quarter of 2013, with Tropicana Casino and Resort and Caesars Atlantic City showing the most striking numbers. Tropicana’s operating profits rose 28 percent to $12.6 million, while Caesars was up 17 percent to $24.3 million.

Six other casinos also ended in the black for the second quarter, although at each of those properties operating profits dipped by double digits compared to a year ago. Overall, gross operating profits for all Atlantic City casinos came in at $65 million, down 45 percent compared with $117.9 million in the second quarter a year ago, according to figures released Thursday by the New Jersey Division of Gaming Enforcement. . . .

Of the gainers, Trump Plaza Hotel and Casino struggled the most, eking out a $211,000 profit compared to $13.1 million a year ago. Sister property Trump Taj Mahal Casino Resort posted a $5.6 million operating profit, down 73 percent from nearly $21 million in the second quarter of 2012. Revel Casino-Hotel, the Atlantic Club Casino Hotel, Golden Nugget Atlantic City and Resorts Casino Hotel each suffered losses in the second quarter. In Revel’s case, its nearly $41 million operating loss was the biggest for the industry. Last year, Revel had a $35.2 million loss in the second quarter. . . .

For the first half of 2013, the casinos’ gross operating profits are down more than 50 percent — coming in at $106.5 million, compared with $232.3 million in the same period a year ago. acpress
kewlj
kewlj
  • Threads: 216
  • Posts: 4635
Joined: Apr 17, 2012
August 25th, 2013 at 1:29:06 PM permalink
Quote: SanchoPanza



For the first half of 2013, the casinos’ gross operating profits are down more than 50 percent — coming in at $106.5 million, compared with $232.3 million in the same period a year ago. acpress



Atlantic City??? Is that place still afloat and operating? I thought it was reduced to the backdrop for old movies. Lol

Now those numbers quoted, ad bad as they are only offer a narrow look at the real decline. Those numbers of decline are compared to last years numbers, which were down from the year before, which were down from the year before, and so on. If we compare current numbers to what, 10 years ago, before neighboring states and the economy really crushed AC, the decline in numbers is staggering. Really makes you wonder how the place IS still operating.

Just coincidentally, as far as timing, there was a post on another site (blackjack) just this morning from a regular AC player who is in AC this very weekend, who claims AC was as busy this weekend as he has seen it in years. Apparently there is quite a big high end blackjack promotion taking place at Caesar's this weekend only, (72 hours), which hadn't been over publisized and I guess went off as planned. Lol. This poster claims the spillover of high end players at other properties throughout the town. Haven't confirmed any of this, but that was his report.
AceCrAAckers
AceCrAAckers
  • Threads: 30
  • Posts: 377
Joined: Jul 12, 2011
August 26th, 2013 at 8:38:36 AM permalink
In order for casinos to make a profit, players has to lose. If players lose less, and few of these properties go under, how is this a bad thing?

My vote is for Revel, followed by the Plaza to go under.
Edward Snowden is not the criminal, the government is for violating the constitution!
  • Jump to: