Atlantic City Open Forum
Quote: aceofspadesI 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.
It just means that the call wasn't returned before the story was written. If they just wrote that the call was unreturned, it's possible the call was returned, but after the story's press deadline. Then the statement that the call was unreturned would be untrue when the story was published.
Hence the terminology "wasn't immediately returned."
Quote: Lemieux66So I take it the Trop buys Revel thread story isn't true?
My source still says it's a go
I will, of course, revise and update as I get new info.
ATLANTIC CITY, N.J. (AP) — The president of the Seminole Indians' Hard Rock franchise says the company would consider buying Atlantic City's Revel Casino if the price was right.
Revel is seeking a buyer or a partner for a joint venture.
Florida-based Hard Rock has been a long-rumored suitor for Revel; the company made preliminary inquiries earlier this year to New Jersey casino regulators about what license it would need if it pursued Revel.
Speaking Tuesday at a regional gambling conference in Atlantic City, Hard Rock president James Allen confirmed the company has looked into Revel.
He says the casino needs a lot of work, but adds "if the economics were right, then we would be interested."
Allen wouldn't say what he considered a fair price for the casino, which cost $2.4 billion to build.
http://www.goerie.com/apps/pbcs.dll/article?AID=/20140520/APN/305209687
Quote: 7star4nowHard Rock: Interested in Revel if price is right
ATLANTIC CITY, N.J. (AP) — The president of the Seminole Indians' Hard Rock franchise says the company would consider buying Atlantic City's Revel Casino if the price was right.
Revel is seeking a buyer or a partner for a joint venture.
Florida-based Hard Rock has been a long-rumored suitor for Revel; the company made preliminary inquiries earlier this year to New Jersey casino regulators about what license it would need if it pursued Revel.
Speaking Tuesday at a regional gambling conference in Atlantic City, Hard Rock president James Allen confirmed the company has looked into Revel.
He says the casino needs a lot of work, but adds "if the economics were right, then we would be interested."
Allen wouldn't say what he considered a fair price for the casino, which cost $2.4 billion to build.
http://www.goerie.com/apps/pbcs.dll/article?AID=/20140520/APN/305209687
This seems very funny to me: "Revel is seeking a buyer or a partner for a joint venture."
I haven't been there, so my impression is second-hand at best, but has there ever been a more mis-managed casino in recent history? How could they suggest they would stay involved in the property and think that anyone would invest another dime?
Quote: onenickelmiracleThe crazy thing is I think Revel needs something big built past it to give foot traffic a reason beyond to go see. I for one don't walk past Showboat because there is nothing to see already including Revel. Those are my habits anyways.
I like how originally the ball on top just had rotating colors. Then they got their act together for a bit and it actually said REVEL. Now it looks mostly broken with a few random lights flashing.
Aw ma lawd. I've never noticed it and think it was the old way last August when I was nearby. People in airplanes thought it was a UFO at night before but don't think that'll continue with the name and broken lights.Quote: Lemieux66I like how originally the ball on top just had rotating colors. Then they got their act together for a bit and it actually said REVEL. Now it looks mostly broken with a few random lights flashing.
Quote: Lemieux66I like how originally the ball on top just had rotating colors. Then they got their act together for a bit and it actually said REVEL. Now it looks mostly broken with a few random lights flashing.
They have turned it off indefinitely
Quote: aceofspadesThey have turned it off indefinitely
perfect quintessence of the revel brand
lolQuote: sodawaterperfect quintessence of the revel brand
Quote: aceofspadesThey have turned it off indefinitely
Those damn electric bills!
Quote: BozThose damn electric bills!
Now where will all the tourists go who want to play in the broken ball light casino?!
Atlantic City is protected in NJ from having casinos IN THE STATE but every other state around them seems to be opening up close to the boarder
Harness racing ( read THE MEADOWLANDS exit 16W off the turnpike) wants slots like all the other states have at their tracks. They have gone as far as building a brand new grandstand($90 million or so) but left the old very large one standing ..... would make a good place for a casino in Northern NJ come next year
http://www.pressofatlanticcity.com/business/another-atlantic-city-casino-needs-to-close-analysts-tell-gaming/article_932af902-e067-11e3-8d46-0019bb2963f4.html
NEW YORK (The Deal) -- Las Vegas-based casino operator Caesars Entertainment (CZR_) has taken another step to protect its healthier subsidiaries from a potential bankruptcy filing at the debt-laden operating unit.
A May 21 regulatory filing revealed the terms of a new shared-services agreement that transfers ownership of intellectual property and popular loyalty rewards programs that were previously wholly-owned by the troubled operating unit, Caesars Entertainment Operating Co. (CEOC), into a new joint venture controlled by CEOC, Caesars Entertainment Resort Properties LLC (CERP), and a vehicle created last year, Caesars Growth Partners Holdings LLC (CGPH).
http://www.thestreet.com/story/12720133/1/caesars-makes-another-move-to-insulate-healthy-subsidiaries.html?puc=yahoo&cm_ven=YAHOO
Quote: 7star4nowWill the "new" CET (& its customers) maintain control of Total Rewards post bankruptcy?
NEW YORK (The Deal) -- Las Vegas-based casino operator Caesars Entertainment (CZR_) has taken another step to protect its healthier subsidiaries from a potential bankruptcy filing at the debt-laden operating unit.
A May 21 regulatory filing revealed the terms of a new shared-services agreement that transfers ownership of intellectual property and popular loyalty rewards programs that were previously wholly-owned by the troubled operating unit, Caesars Entertainment Operating Co. (CEOC), into a new joint venture controlled by CEOC, Caesars Entertainment Resort Properties LLC (CERP), and a vehicle created last year, Caesars Growth Partners Holdings LLC (CGPH).
http://www.thestreet.com/story/12720133/1/caesars-makes-another-move-to-insulate-healthy-subsidiaries.html?puc=yahoo&cm_ven=YAHOO
Deck chairs, Titanic, etc.
A question for the forum: would a CZR bankruptcy be good or bad for the average recreational gambler? How about the APs out there?
I'm thinking about the repercussions on the Vegas strip mostly, but obviously would impact AC as well.
It just depends how a bankruptcy would play out. Would the casinos stick together but just not pay their debts or would half the properties close or be sold? I'd have to guess bad, but then again the debt is gone. Best answer- no idea.Quote: AcesAndEightsDeck chairs, Titanic, etc.
A question for the forum: would a CZR bankruptcy be good or bad for the average recreational gambler? How about the APs out there?
I'm thinking about the repercussions on the Vegas strip mostly, but obviously would impact AC as well.
Quote: 1BBI've actually done it. Borg to Harrah's to what is now the Golden Nugget, past the Marina, down North Carolina Ave past Resorts and onto the Boardwalk. Just me and the 12 year old drug runners on bicycles. No worries, no problems.
When I did it I bumped into several women also. I must have been looking sharp that night because every one of them asked me if I wanted to party.
Quote: onenickelmiracleIt just depends how a bankruptcy would play out. Would the casinos stick together but just not pay their debts or would half the properties close or be sold? I'd have to guess bad, but then again the debt is gone. Best answer- no idea.
I agree.
All these intricate, doomsday preparations CET is engaging in, make it appear that they are preparing to peel off their profitable properties, downsize,& abandon the bulk of their AC (3 of4) & Vegas casinos, & let the bagholding bondholders worry about it . The non-performing casinos are no longer CET's problem & closures shrink the capacity -which is what CET wants, & they appear to be pointing the machine gun at their own holdings, making its debt holders walk the plank .
Vegas market is capable of absorbing some abandoned CET casinos.
AC is not.
"A question for the forum: would a CZR bankruptcy be good or bad for the average recreational gambler? How about the APs out there?"
Less competition is NG for any player....AP or otherwise.
Quote: 7star4nowLess competition is NG for any player....AP or otherwise.
Less competition is definitely bad. But what if some of the properties got peeled off and a different company came in to manage them? Then you'd actually have more competition than you do now...
It makes no sense for Harrah's Las Vegas (the casino) to compete with Flamingo on table game rules, slot hold percentages, comp rates, etc. because all the money goes to the same parent company. But if they were different companies...
I'm not really a business guy though. A boarded-up casino on the strip would definitely suck.
Quote: gts4everWhen I did it I bumped into several women also. I must have been looking sharp that night because every one of them asked me if I wanted to party.
True story. It happened to me once with a school crossing guard in full regalia, reflective vest, stop sign and all. This was at 8AM. She wasn't bad either. You just can't make this stuff up.
Quote: GWAE
I walked into a casino at 7am to vulture UX. To get into the casino you have to pass through security that is stationed at the door. As soon as I walk in the security guard says hi and then he immediately flips through a few pages in a binder. I have vultured here a good bit in the last 2 months. First thought I had, hmmm I hope he wasn't seeing if I had a picture in his binder. Then I giggled to myself thinking why would he do that.
"A casino?" As if nobody who follows the Forum closely knows where we are talking about by now...lol
I don't think they actually care there at all, and perhaps, they don't even know what is happening. I take some precautions in the High-Limit room, and even that is probably an over-abundance of caution. I might have waited a few minutes to see if the suits would be gone, but after ten minutes, would have went about my business vulturing if they were still in there. They probably wouldn't have been, and there aren't so many people vulturing that place that the machine would be likely to get snatched out from under you in that time.
I think there's two of us, and maybe one or two other people that only go as frequently as we do. I don't really like going except for when I have some Free Play, or something, or there is a decent promo, like the 100 Points Tuesday for guaranteed $10 (and up to $1,000) Free Play. There's really not much else there to vulture, at least nothing I am comfortable with in terms of familiarity, other than the must-hits, and the only good one I found was one of those flea machines with a $10-$20 Minor once, LOL.
Other than vulturing UX, the VP paytables blow there, that's the other tough thing. Without some promotion going on, there's really nothing that I can even justify playing, other than putting in just enough to keep my offers relatively decent. They've been pretty generous this month, I must admit, I wish I'd have been able to make it on all the Pull Tabs days...I've been selecting the right ones, but haven't been there!!!
I think my offers totaled in the neighborhood of $250-$300 Free Play this month and $20 Free Food, this is considering the Pull Tabs and a couple other supplemental mailers. In terms of straight Free Play, no-strings, no specific days, $100.
Quote: Mission146"A casino?" As if nobody who follows the Forum closely knows where we are talking about by now...lol
hahaha yeah I guess.
I think my point was; whenever we are there to do something at an advantage whether it is vulturing or counting we see things differently than if we were just playing. If I am there just playing and nothing else and there are suits behind me then they are doing something completely unrelated to me. If I am doing something at an advantage that the casino may not like then maybe they are talking about me. I am fairly confident that they 1. couldn't care less what I was doing and 2. had no clue what I was doing.
Even if they didn't like my vulturing they would be fools to back me off of it since I have 36k dollars coin in in 2014.
By Mark Gruetze
Published: Sunday, May 25, 2014, 9:00 p.m.
Updated 1 hour ago
The decision to bar movie star Ben Affleck from playing blackjack at the Hard Rock in Las Vegas could become a seminal moment for American casinos, a noted gambling consultant says.
While casinos have “backed off” card counters since the 1970s, the Affleck case “portends a different future for table games,” says Ken Adams, founder of Ken Adams Ltd. in Reno, Nev., and editor of three publications that report and comment on the gambling industry. Before starting his consulting firm in 1990, he worked 20 years in casino-hotels and developed systems that have become industry standards, including slot club and tournaments.
The Hard Rock banned Affleck from playing blackjack there for life after he was suspected of card-counting at a high-limit table, TMZ.com reported this month. The casino said he was free to play other games.
Affleck, now filming a Batman movie in Detroit, has not talked publicly about the incident, and his publicist did not respond to a request for comment.
Adams sees the barring as a potentially far-reaching incident because of its unintended message to a new generation of gamblers: You can't play unless you're going to lose.
“In essence, that's what they said,” Adams says in a phone interview. “You (players) have to walk in and submit to losing.”
That old-style casino approach of refusing to deal to a player who might legally gain a slight edge could turn off young adults who grew up with video games and the thrill of competing online against friends and strangers, he explains.
Card-counters mentally track the proportion of high cards and low cards as they are dealt at blackjack. When the remainder of the deck is rich in high cards, the player gains a slight advantage, and card-counters raise their bets. Skilled, well-funded individual players and card-counting teams have been able to make money since the 1960s, when the concept was detailed in “Beat the Dealer” by Edward O. Thorp. However, many wannabe counters have lost heavily because they don't have the discipline to play perfectly or can't endure the losses that are part of the game.
Although counting is legal, pros often resort to disguises and other subterfuge to avoid being caught. Few in the public identify with them, and barrings drew scant notice.
Affleck is different, Adams notes. He is a recognized star playing a game skillfully and being told he has to stop because the house might not win.
“There's a whole generation of people he represents, and they're being told ‘We don't want your play,' ” Adams says.
Odds-based games such as roulette and craps, where the house always has the advantage, don't interest the next generation of players the way they appeal to current gamblers, he says.
He notes that the average age at the final table of the World Series of Poker's Main Event has fallen steadily. It was under 30 last year.
“They wouldn't have been in the room years ago,” Adams says.
“Those same (younger) people want to play blackjack. You can't tell them they can't play.” Adams says.
The issue goes beyond blackjack.
“These people are really, really serious about their skill level. There isn't a slot machine anywhere in the world that appeals to them” as much as a fast-action video game.
Adams suggests one way to attract the next generation is providing new types of skill games in which players can win money from each other, and the house takes a percentage, similar to a rake in poker.
“It's a pivotal time,” he says. “People who grew up with cell phone in one hand and computer at home are entirely different in what they want and what interests them.
“You can't repackage what their grandfather had.”
Read more: http://triblive.com/aande/gambling/6148684-74/million-says-adams#ixzz32mjyil00
Follow us: @triblive on Twitter | triblive on Facebook
This makes you realize, even if you are a top player, host- or even Gary Loveman himself, for that matter, how insignificant you are, in the grand scheme of things , to the REAL casino owners (behemoth hedge funds) battling each other in a multi-billion $ chess game.
The last thing on their mind - is us.
I do not have a current WSJ subscription, but I managed to read the article scrolling around a pop-up ad.
http://online.wsj.com/articles/apollo-uses-wedge-maneuver-to-save-caesars-1401311292
Quote: 7star4nowI do not have a current WSJ subscription, but I managed to read the article scrolling around a pop-up ad.
How? I just get something telling me to log in. It's not a pop-up.
Quote: AxiomOfChoiceHow? I just get something telling me to log in. It's not a pop-up.
Click on the article from the link in Google News. It should load the full text because WSJ does not want to alienate incoming search referrals.
https://www.google.com/search?q=Apollo+Uses+Wedge+Maneuver+to+Save+Caesars
Quote: AxiomOfChoiceHow? I just get something telling me to log in. It's not a pop-up.
I googled "Apollo Uses Wedge Maneuver to Save Caesars" 2X using chrome & was able to read- YMMV
Quote: sodawaterClick on the article from the link in Google News. It should load the full text because WSJ does not want to alienate incoming search referrals.
https://www.google.com/search?q=Apollo+Uses+Wedge+Maneuver+to+Save+Caesars
even better than my method
Quote: 7star4noweven better than my method
Yes, this works. But your link doesn't work. Thanks!
New Jersey local, Harry Walmar, from Little Egg Harbor, played the $1 Wheel of Fortune wide-area-progressive-slot-machine on the newly renovated Bally's gaming floor on Thursda,y May 22nd, and hit the jackpot totaling $1,055,732.
http://www.nj.com/atlantic-city-entertainment/index.ssf/2014/05/new_jersey_man_hits_1_million_jackpot_at_ballys_just_in_time_for_memorial_day_weekend.html
ATLANTIC CITY — A Florida company bought the former Atlantic Club Casino Hotel on Thursday, and plans to operate it as a nongambling facility.
TJM Properties paid an undisclosed sum for the casino and its 800-room hotel, which shut down in January.
It is the second acquisition this year of a former Atlantic City casino that the company plans to run as a nongambling facility. In February, TJM bought the 500-room hotel portion of the former Claridge Hotel Casino, which was part of the Bally's Atlantic City casino, for $12.5 million.
Company spokeswoman Sherry Amos said TJM sees value in Atlantic City's nongambling tourism market.
"TJM is attracted to the Atlantic City market, and they believe that noncasino amenities have great value in the future of Atlantic City," she said.
The company does not have any firm plans for the former Atlantic Club property, but does not plan to run it as a casino.
It purchased The Atlantic Club and the Claridge from Caesars Entertainment, which jointly bought the Atlantic Club out of bankruptcy last December with Tropicana Entertainment. The two casino companies divided its assets, with Tropicana taking the gambling equipment and customer lists, and Caesars getting the building and the land under it. The two companies then shut down the Atlantic Club on Jan. 13, reducing competition and dropping Atlantic City's roster of casinos to 11.
Amos said TJM plans to finish developing the restaurants and other attractions at the Claridge before turning its full attention to the Atlantic Club property.
The company has not yet picked out a name for the property, and has no time frame in place for opening it.
TJM Properties is a privately held real estate firm owned by Terence McCarthy of St. Petersburg.
http://www.tripadvisor.com/Attraction_Review-g29750-d269144-Reviews-Casino_at_the_Claridge_Hotel-Atlantic_City_New_Jersey.html
Quote: BozLooks like they are planning to take every dollar possible out of these properties without putting anything back. Reviews show they did nothing to the rooms at The Claridge, which were bad before Caesars closed it.
http://www.tripadvisor.com/Attraction_Review-g29750-d269144-Reviews-Casino_at_the_Claridge_Hotel-Atlantic_City_New_Jersey.html
Reading those reviews I wonder if there aren't people with multiple accounts as the writing is all very similar and complaining about the same things. (not that I don't believe them).
If it is truly as bad as they claim, I wonder why anybody would ever stay there ever again? What is the name of the group who owns the Claridge now?
People with comped rooms at Bally's would get stuck there routinely, planned by CET but sold to be an accident. The people thought they were getting a nicer room by their reservation, but the reservation was a sham.Quote: TomspurReading those reviews I wonder if there aren't people with multiple accounts as the writing is all very similar and complaining about the same things. (not that I don't believe them).
If it is truly as bad as they claim, I wonder why anybody would ever stay there ever again? What is the name of the group who owns the Claridge now?
Quote: onenickelmiraclePeople with comped rooms at Bally's would get stuck there routinely, planned by CET but sold to be an accident. The people thought they were getting a nicer room by their reservation, but the reservation was a sham.
Surely all these reports and complaints should find their way to the BBB or are they really a toothless organization?
I'm not qualified to answer. I've never used them or relied on them.Quote: TomspurSurely all these reports and complaints should find their way to the BBB or are they really a toothless organization?
In Jersey, the BBB is mainly a joke. Even the state and county consumer agencies are basically useless. The point about mold should bring the city, county and state health departments running, but they're too busy holding fancy "conferences" at luxurious locations. It's obvious that the new bunch of bozos is even worse than CZR.Quote: TomspurSurely all these reports and complaints should find their way to the BBB or are they really a toothless organization?
Quote: onenickelmiraclePeople with comped rooms at Bally's would get stuck there routinely, planned by CET but sold to be an accident. The people thought they were getting a nicer room by their reservation, but the reservation was a sham.
It happened to us twice, and now we don't go to CZR.
Angelo's Fairmont Tavern for dinner after a day of golf? We usually do a steakhouse but we figured we would like to try something different. Will be 11 guys.
Quote: ScanOpinions please
Angelo's Fairmont Tavern for dinner after a day of golf? We usually do a steakhouse but we figured we would like to try something different. Will be 11 guys.
I haven't eaten there in 10 years, so probably shouldn't weigh in, but it was one of my favorites when I was up there regularly. Really enjoyed the food, atmosphere, pricing was reasonable.
Quote: beachbumbabsThe Adventures of Lemieux: Hounded in AC has been moved HERE. 22 pages worth. I can only see the first line of each post while splitting, so I hope it got untangled without too many left behind or taken by mistake. You're welcome.
Good Job.
If a certain poster is who he appears to be, from another board, his expertise skews more toward PBR vs BJ.
I would expect more new aliases ...& more calls for censorship from those new aliases.
Quote: 7star4nowQuote: beachbumbabsThe Adventures of Lemieux: Hounded in AC has been moved HERE. 22 pages worth. I can only see the first line of each post while splitting, so I hope it got untangled without too many left behind or taken by mistake. You're welcome.
Good Job.
If a certain poster is who he appears to be, from another board, his expertise skews more toward PBR vs BJ.
I would expect more new aliases ...& more calls for censorship from those new aliases.
On the "TA" AC board a certain poster , who posts under a dozen or so aliases, in varying degrees of inebriation, tries to provoke other posters into mudslinging.
He then reports their replies as inappropriate , using multiple handles, to have the other poster's content deleted, or his ultimate goal , to have the thread closed.
Splitting off the thread ,vs closing it, cleverly defeats this tactic.
