Atlantic City Open Forum
Quote: onenickelmiracleShowboat announcing closing tomorrow says press reports.
Post #1941
Showboat Atlantic City to Close
A 27-year-old Atlantic City Hotel and Casino will issue notices to its employees announcing its closure on Friday, according to Unite HERE Local 54 President Bob McDevitt.
McDevitt confirmed the move to NBC10's Ted Greenberg Thursday evening.
He says WARN Act notices will be given to the Showboat's 2,000-plus employees Friday.
WARN offers protection to workers, their families and communities by requiring employers to provide 60 days notice of the planned closure of a business, according to the New Jersey State Department of Labor and Workforce Development.
The Showboat Hotel and Casino is located at 801 Boardwalk. They're the second casino to close this year. The Atlantic Club closed its doors for good in January. Revel Casino is also on the verge of closing, unless it finds a buyer.
Atlantic City casino earnings fell 35-percent in 2013.
Read more: http://www.nbcphiladelphia.com/news/local/Showboat-Atlantic-City-to-Announce-Closing-Friday-264823841.html#ixzz35nJFyYvv
Follow us: @nbcphiladelphia on Twitter | nbcphiladelphia on Facebook
I believe AC can perhaps survive (no prosper) with 3 or 4 properties....that's it. I would assume borgata, ceasars, trop and perhaps revel if they can find a sucker to buy the place?
I feel immeasurably sorry for all the employees who are going to be losing a job in the next while especially for the people working for CET. I have no idea where they plan on putting the out of work or even if they have the ability to help them.......
I don't think aything can stop the shrinking of this market now.....
Quote:Showboat announcing closing tomorrow says press reports.
Apparently. Does this open the door to buy Revel? They would still own five casinos, even if they are planning on closing one in the future.
Also, get a load of the thug union boss. I wasn't aware that closing a business unit is a crime.
http://www.pressofatlanticcity.com/news/breaking/showboat-casino-to-announce-closing-friday/article_cdec732a-fd88-11e3-a1f8-0019bb2963f4.html
Quote: TomspurI believe AC can perhaps survive (no prosper) with 3 or 4 properties....that's it. I would assume borgata, ceasars, trop and perhaps revel if they can find a sucker to buy the place?
Agreed. I don't know if it needs to be that small a number, but there are clearly too many now. I took a walk through most of the boardwalk casinos about 2 months ago, and Resorts and Caesars were the only ones with even a moderate crowd on a sunny Saturday afternoon. I did not get down to the Trop, to be fair.
BTW over half of Trump Plaza's tables are not in use and they have never had a Baccarat (Mini/Midi/Regular) table open even on weekends.
http://www.nbcnewyork.com/news/local/Union-New-Jersey-Casino-Warns-of-Possible-Closure-Showboat-Atlantic-City-264832761.html
Quote: ahiromuTropicana, Caesars-Ballys, and maybe both Trump Taj & Resorts for the Boardwalk side. I stayed at Trump Plaza a month or so ago, damn that place is depressing. Their "back in the day buffet" is the worst meal I have ever had, ever ever, but the desk woman said something about them being booked through summer so... good for them I guess?
BTW over half of Trump Plaza's tables are not in use and they have never had a Baccarat (Mini/Midi/Regular) table open even on weekends.
A couple of these places (TP for one) may end up staying open summers only.
Also posted on the Showboat Facebook page.
Funny to read the comments from people who have no clue why business decisions are made. Even if they dont end up with Revel this ws one of the better decisions they have made. AC has too many casinos and they can move their customer base to other properties with some incentives, while dropping those who just get free rooms and do not create much profit for them.
Yes job are going to be lost, but if it isnt them, it will be others elsewhere. Does anyone really think Trump Plaza should stay open?
Quote: 7star4nowAP: Caesars Says It Will Close Showboat August 31
http://www.nbcnewyork.com/news/local/Union-New-Jersey-Casino-Warns-of-Possible-Closure-Showboat-Atlantic-City-264832761.html
If CZR planned on buying Revel, wouldn't announce they that simultaneously -to spin this much more positively?
If they did pick up Revel, at a fire sale price at the 8/6 auction, I think they might close Ballys, and/or Ceasars, to further reduce capacity- toward their stated goal.
I personally can't see how CZR right now, could muddy the waters by getting further entangled in a market it desperately wants to downsize -or get out of .
Their last chance of survival is getting into Asia where govts have disqualified them for debt woes previously.
They have to show the govt of Japan they are financially stable.
Even if someone paid CZR to takeover Revel, it could kill their Asian aspirations.
Taking over the biggest black hole in the history of gaming could blow everything up.
The dwindling AC market is infinitesimally small potatoes vs. Asia.
CZR getting involved with Revel would be like inviting your ex-wife, on your honeymoon. with your new wife.
Quote: Bozhttps://www.facebook.com/ShowboatAC/posts/661415607246962
Also posted on the Showboat Facebook page.
Funny to read the comments from people who have no clue why business decisions are made. Even if they dont end up with Revel this ws one of the better decisions they have made. AC has too many casinos and they can move their customer base to other properties with some incentives, while dropping those who just get free rooms and do not create much profit for them.
Yes job are going to be lost, but if it isnt them, it will be others elsewhere. Does anyone really think Trump Plaza should stay open?
CZR kicks AC in the teeth on the way out - after firing 3,000 AC workers
"The difficult decision to close the property follows persistent declines in business levels in the area exacerbated by the high property-tax burden in Atlantic City."
http://www.showboatac.com/content/dam/sac/Property/Showboat-Atlantic%20City-Property-2.pdf
OH REALLY??? Now this takes balls:
The property was not dragged down by your own historic debt, ineptitude & mismanagement???...
& AC casinos just got massive reassessment tax reductions???
I hope the govt of Japan will take notice how many govt entities , employees , customers ,& investors take the shaft for CZR incompetence- before they even think of granting a licence.
Quote: 7star4nowS&P Cuts Caesars’ Grade to CCC- as Cash Burn Raises Default Odds - (AC could look very different soon)
"By Mary Childs Apr 8, 2014 1:51 PM ET 0 Comments Email Print
Standard & Poor’s downgraded Caesars Entertainment Corp. (CZR)’s credit rating by two steps to CCC-, saying a restructuring is “increasingly likely over the near term.”
“Caesars’ capital structure is unsustainable,” S&P credit analysts Melissa Long and Stephen Pagano wrote in a note today. “The company is burning cash to fund capital expenditures and interest payments, and we expect the company will need additional liquidity in 2015 to cover interest, capital expenditures, and debt maturities.”
The largest owner of casinos in the U.S. has struggled to reconcile its debt load with consumers curbing their discretionary spending since the Las Vegas-based company was purchased in a $30.7 billion leveraged buyout by Apollo Global Management LLC and TPG Capital in 2008. Caesars has since sold assets, bought back debt at a discount, sold stock to the public and refinanced loans.
Caesars’ plan to sell four properties to its affiliate Caesars Growth Partners LLC for $2.2 billion “is the first of a series of steps, which could include exchange offers, that Caesars is likely to undertake in 2014” to address its capital structure, the analysts wrote. Some debt holders are challenging that transaction as fraudulent.
S&P lowered its estimate of recoveries for holders of the operating company’s first-lien debt to between 50 percent and 70 percent, down from an earlier range of 70 percent to 90 percent.
Caesars will go through more than $1.2 billion in cash this year to meet about $3 billion in fixed expenses, the analysts wrote. The casino company probably won’t be able to meet fixed charges of about $3.5 billion next year, they said.
The company burned $730.5 million in cash last year, from $497.5 million the year before and $149.4 million in 2011, according to data compiled by Bloomberg."
http://www.bloomberg.com/news/2014-04-08/s-p-cuts-caesars-grade-to-ccc-as-cash-burn-raises-default-odds.html?cmpid=yhoo
A "Savvy" TA post said SB closing is all rumors, & we should keep playing at dead casinos walking, without concern as to future player benefits :
http://www.tripadvisor.com/ShowTopic-g29750-i78-k7577515-o40-Showboat_closing-Atlantic_City_New_Jersey.html#59313441
Quote: 7star4nowA "Savvy" TA post said SB closing is all rumors, & we should keep playing at dead casinos walking, without concern as to future player benefits :
http://www.tripadvisor.com/ShowTopic-g29750-i78-k7577515-o40-Showboat_closing-Atlantic_City_New_Jersey.html#59313441
Too funny. The good old UKStooges is always quick to call someone out when he thinks they are wrong, but never shows up to admit when he was wrong. Must be living off the money Revel gave him to shill for them for 2 years.
Quote: DRichI will miss the Showboat. Many years ago I commuted from Las Vegas to Atlantic City every week for 54 straight weeks to do work at the Showboat. Leave Las Vegas Sunday afternoon and return Thursday evening. The best part for me was that Showboat gave me unlimited comps. I ordered the twin lobster tails from room service regularly.
I will miss the Showboat also. They were the first place I ever stayed in AC, and they used to have very nice slot attendants back in the day.
The word on the boardwalk is it will be transferred to Revel :-)Quote: 1BBIs anyone going to miss their 6 to 5 blackjack? It's only one table but still.
Quote: BozToo funny. The good old UKStooges is always quick to call someone out when he thinks they are wrong, but never shows up to admit when he was wrong. Must be living off the money Revel gave him to shill for them for 2 years.
"my point is this: the best way to keep your friends and associates employed at the casinos you enjoy going to is not to say this casino or that is closing... because then many people stop going to those casinos! and if business takes even more of a downward turn, well, that casino may just have to close!"
Translation: keep playing for RV comps that me be worthless until my last paycheck
Quote: DRichI will miss the Showboat. Many years ago I commuted from Las Vegas to Atlantic City every week for 54 straight weeks to do work at the Showboat. Leave Las Vegas Sunday afternoon and return Thursday evening. The best part for me was that Showboat gave me unlimited comps. I ordered the twin lobster tails from room service regularly.
Going to miss the Showboat as well. Most pleasant dealers in AC with liberal baccarat conditions like Vegas. That casino was very well situated for my convenience to Borgata if I want to stay on the Boardwalk.
Quote: 7star4nowRevel files notice of possible layoffs
The operator of Revel Casino Hotel has alerted a state agency to potential layoffs for more than 3,000 employees.
Revel Entertainment Group said job cuts could take effect Aug. 18 for 3,268 workers at its troubled venture in Atlantic City. The information is in a WARN Notice, filed Monday with the state Department of Labor and Workforce Development.
http://www.courierpostonline.com/story/money/business/2014/06/25/revel-files-notice-possible-layoffs/11381881/
Revel is poorly designed especially that escalator heading to the casino. That long arc/curve. LOL. Seriously? I find them to be the City Center of AC. Plus the casino's attitude towards gamblers/players also was one of the many nails for the coffin. Only thing I applaud is their no smoking policy. With the money they charge for two/three nights you can head to Vegas!
Quote: elvisThe playboy was mirrored on the outside and skinny inside. you had to go up three escalators to get to the table games and then you would not even know you were on the right floor for all of them. you could not find the exit to leave and when you did it was as if you had been rescued from the titanic you were so relieved. the waitresses looked like they had a steel uniform around their bodies It looked impenetrable and not sexy. Casino was overcrowded and stupid. Hefner and his partners thought the name was the thing and his narrow casino was okay because the name would bring them in. Arrogance and stupidity are not a good combination. A person can be slow or slower but also slow and stupid. Those two s words are fatal in business.
Thank you for the incite...thank you very much.
Quote: GWAEWe are staying there Aug 4th. I bet the $20 trick will work wonders now.
I really like the Showboat but...... is it really a good idea to go to a place where the employees know their employment demise? I am sure the service and your experience would be way sub-par.
Quote: DMSCRI really like the Showboat but...... is it really a good idea to go to a place where the employees know their employment demise? I am sure the service and your experience would be way sub-par.
Well of you can get me 4 comped nights on the boardwalk I will gladly switch.
Our last stay was in the Atlantic Club the week after they announced their closing. Apparently it is our fault that these places are closin
June 27, 2014 3:35 PM
ATLANTIC CITY, N.J. (CBS) — The shutdown of the Showboat casino-hotel in Atlantic City, announced for the end of August (see related stories), will mean the loss of more than 2,000 jobs, not to mention a tax ratable for the city itself.
But Atlantic City mayor Don Guardian doesn’t seem all that worried about it.
http://philadelphia.cbslocal.com/2014/06/27/atlantic-city-mayor-untroubled-by-shore-towns-troubled-casino-industry/
Here is an amazing video of a joint press conference of what appears to be the mayor and/or an AC "Destination expert" from the UK
http://www.youtube.com/watch?v=yfAeMtcURg0
Quote: DMSCRI really like the Showboat but...... is it really a good idea to go to a place where the employees know their employment demise? I am sure the service and your experience would be way sub-par.
Put yourself in their shoes (AC casino employees) for a moment.
Would you really want to sit there & watch the customers you went out of your way for all those years, stuff hundred $ bills into machines so Gary Loveman can take the $ & run to Japan -after he just took away your kid's chance of a college fund.
Even if you were say, the most egotistical AC destination expert from the UK, would it not be more humane to stop in , offer those who took care of you all these years a generous gratuity, & assure them that you will no longer patronize a casino owned by a co. that treats loyal employees & players this way?
"Treasury Department spokesman Christopher Santarelli said this week he did not know if the state had invested funds in Chatham yet or what the firm's timetable is for divesting from Revel. Santerelli said "it's not our place to comment on the holdings of a private company" and referred all questions to Chatham. Chatham officials could not be reached for comment Friday. The state's Casino Control Commission approved Chatham as the majority owner of Revel in February."
Something tells me Christie's "Treasury Department spokesman" "answer" ain't gonna cut it
Unless Hillary is "too broke" to have her Opposition Research team feast on this red meat?
http://www.app.com/story/news/local/new-jersey/2014/06/27/nj-pensions-bet-wrong-revel/11559405/
"For far too long, Christie has acted like a losing gambler who simply can't walk away from the table because of some illogical belief that the next roll of the dice will bring a change in luck.
Luck doesn't work like that. And Revel never worked at all, as a game-changer, job creator, profit-maker or anything else. Maybe this second bankruptcy will end the Revel nightmare."
http://www.app.com/story/opinion/editorials/2014/06/27/editorial-snake-eyes-revel/11555135/
Quote: 7star4nowPut yourself in their shoes (AC casino employees) for a moment.
Would you really want to sit there & watch the customers you went out of your way for all those years, stuff hundred $ bills into machines so Gary Loveman can take the $ & run to Japan -after he just took away your kid's chance of a college fund.
Even if you were say, the most egotistical AC destination expert from the UK, would it not be more humane to stop in , offer those who took care of you all these years a generous gratuity, & assure them that you will no longer patronize a casino owned by a co. that treats loyal employees & players this way?
Actually I would go in and give them a long sermon and lecture that they should of become bible humping pediatric ninja assassins instead of becoming an employee of Caesars.
Throwing a few bucks here and there is not going to help them long term. That is charity. These folks don't need charity. You help them network and become one of the go to people if they need references if they are looking for employment.
As much as I want to head to the Showboat to show my respect and say goodbye to a casino resort that has been very good to me, I definitely don't want to end up on the receiving end of a Project Mayhem/Tyler Durden experience in the final days of the casino's opening.
Caesars missed the boat on Asia big time. Their sole focus on the US market has been too narrow minded. Japan is gong to be between Wynn and Adelson with possibly MGM thrown into the mix.
Quote: DMSCRActually I would go in and give them a long sermon and lecture that they should of become bible humping pediatric ninja assassins instead of becoming an employee of Caesars.
Throwing a few bucks here and there is not going to help them long term. That is charity. These folks don't need charity. You help them network and become one of the go to people if they need references if they are looking for employment.
ok-agreed?
but to clarify, do you endorse gambling in their faces - so they can watch you profit the co that just f-d them?
is that not a sick form of voyeurism -of sorts?
Quote: 7star4nowok-agreed?
but to clarify, do you endorse gambling in their faces - so they can watch you profit the co that just f-d them?
is that not a sick form of voyeurism -of sorts?
The casino scene is a cold cruel place. Every time I show up at some casino I am trying to take their money as they are trying to take mine. I don't endorse anything really. What you are stating right now is way far beyond my own limits when I step into a casino.
LOL. Wow. Wish I had your humanitarian way of thinking about this issue!
Quote: DMSCRThe casino scene is a cold cruel place. Every time I show up at some casino I am trying to take their money as they are trying to take mine. I don't endorse anything really. What you are stating right now is way far beyond my own limits when I step into a casino.
LOL. Wow. Wish I had your humanitarian way of thinking about this issue!
I get what you're saying, but for myself, after 30 years of patronizing AC, there have been many employees who "get it".
They just work for an hourly wage + tips.
Their livelihood, in their eyes, is enhanced when I win- that's all they root for.
They do not share in the casino profits when I lose.
Don't know your age or experience but when you walk into a casino , haven't played a penny yet, & you are greeted by someone who genuinely cares about you,knows asks about your kids, that makes a difference to some people. I have met many like this, feel like I know the story of their life & kids, & out of this loyalty, would never spend a $ towards a casino I felt was screwing them over.
I do not consider this "humanitarian"- as you put it.
I do plead guilty to being "human".
Why not give it a try, you won't regret it.
You are not going to beat the house in your lifetime ( although I have, so far, thru sheer luck)>
In the days past, a company would make a decision that was equal parts a business decision, and equal part 'how does it affect our employees'. If they could make a concession for a decent business decision with no employee impact, they would.
For the most part, that attitude is gone. Now it is ALL about how much money the business (or stockholders) can make, the employees be damned. FULL GREED AHEAD.
If there is more profit to be made screwing the employees, so be it.
At least in the case of the Showboat, it appears there may not have been another choice. If the business is losing money, and there is no conceivable way to cut expenses to the point of making a profit, then closing the doors makes sense. Yes, it is tragic that 2,000 people will lose their jobs, but if the business is losing money, closing is the only outcome that can happen.
True enough for a recognizable majority. But that sizable antagonistic or disinterested minority, combined with the virulently anti-customer managements, have been the kiss of death inside the casinos for decades.Quote: 7star4nowI get what you're saying, but for myself, after 30 years of patronizing AC, there have been many employees who "get it". They just work for an hourly wage + tips. Their livelihood, in their eyes, is enhanced when I win- that's all they root for. They do not share in the casino profits when I lose.
Caesars is heavily loaded in debt because this casino company was bullish of the U.S. and ignored everywhere else around the world. It totally missed the boat in Asia ignoring Macau unlike Wynn, Adelson and MGM. But I do hope they win that NY license to build in Orange County as opposed to the Genting Group.
What is hurting AC is not Pennsylvania as a whole but one PA casino that is taking a huge bite. Sands, Bethelehem is that PA casino that is doing the major damage. The rest like Mount Airy, Parx and Valley Forge aren't doing the real denting to AC.
Quote: DMSCRIt just sucks all around that Showboat is closing. If this casino was not a part of the Caesars franchise Showboat would be staying open.
Caesars is heavily loaded in debt because this casino company was bullish of the U.S. and ignored everywhere else around the world. It totally missed the boat in Asia ignoring Macau unlike Wynn, Adelson and MGM. But I do hope they win that NY license to build in Orange County as opposed to the Genting Group.
What is hurting AC is not Pennsylvania as a whole but one PA casino that is taking a huge bite. Sands, Bethelehem is that PA casino that is doing the major damage. The rest like Mount Airy, Parx and Valley Forge aren't doing the real denting to AC.
I think this has been planned for a while to coincide with the big CET proprty opening in Baltimore in August.
Quote: beachbumbabsI don't know anything about this, so am only speculating. However, at least as far back as big 3 automakers, large companies buy up competitors and innovative technology only to own and kill it. In a declining market, it makes good business sense to buy out a competitor at rock-bottom prices and ensure no new competitor rises on the ashes. After doing that, in the case of the Atlantic Club, you have a large empty building with huge tax and insurance liabilities lying fallow. So you sell it for non-competitive use to a buyer, for pennies on the dollar, in order not to have the building on the books eating up overhead money and not generating revenue. Take a short-term loss on the flip, but strengthen your overall market by killing a competitor. Long-term, it makes a lot of sense to me.
Stations did this with the old Showboat in Las Vegas. They bought it to insure no on else would open a casino back there.
Killing competition- check. Antitrust laws worthless- check. Competition just a word- check. Screw the consumer- check.Quote: mickeycrimmStations did this with the old Showboat in Las Vegas. They bought it to insure no on else would open a casino back there.
What's the problem?
Quote: bobsimsI think this has been planned for a while to coincide with the big CET proprty opening in Baltimore in August.
Maryland made all the right moves/decisions with their casino approach. Wished other states did the same. Particularly Massachusetts.
Quote: RaleighCrapsI don't understand the angst that the Showboat closing is apparently causing. Big business does this shit every day, and nobody really weeps about it. The large computer company I used to work for has routinely laid off (meaning terminated) thousands of US workers each year now, for the past 5 years, and nobody seems to give a shit about that. I haven't seen any articles calling for people to stop purchasing their products.
In the days past, a company would make a decision that was equal parts a business decision, and equal part 'how does it affect our employees'. If they could make a concession for a decent business decision with no employee impact, they would.
For the most part, that attitude is gone. Now it is ALL about how much money the business (or stockholders) can make, the employees be damned. FULL GREED AHEAD.
If there is more profit to be made screwing the employees, so be it.
At least in the case of the Showboat, it appears there may not have been another choice. If the business is losing money, and there is no conceivable way to cut expenses to the point of making a profit, then closing the doors makes sense. Yes, it is tragic that 2,000 people will lose their jobs, but if the business is losing money, closing is the only outcome that can happen.
I agree with your sentiments , except here's the problem - Showboat as a stand alone entity doesn't fit the description of what you describe as "the business is losing money"
in fact:
"But Showboat was profitable, having posted a gross operating profit of nearly $2 million in the first quarter of this year, down from nearly $8.5 million in the first quarter of 2013." - see link
The only reason that it closed was because Loveman's puppeteers (hedge fund, bean-counting, geeks, who know nothing about gamblers ) borrowed money like drunken sailors against CZR properties . Of course, Revel is a different story, & supports what you say.
Also, the analysts in articles like this,below, fail to recognize that once AC falls below a critical mass # of casinos, it fails to distinguish itself from local slot parlors many of us drive past, for hours , to get to AC.
http://www.nj.com/business/index.ssf/2014/06/as_atlantic_city_casinos_close_experts_say_shutdown_is_necessary.html
Quote: DMSCRIt just sucks all around that Showboat is closing. If this casino was not a part of the Caesars franchise Showboat would be staying open.
Caesars is heavily loaded in debt because this casino company was bullish of the U.S. and ignored everywhere else around the world. It totally missed the boat in Asia ignoring Macau unlike Wynn, Adelson and MGM. But I do hope they win that NY license to build in Orange County as opposed to the Genting Group.
What is hurting AC is not Pennsylvania as a whole but one PA casino that is taking a huge bite. Sands, Bethelehem is that PA casino that is doing the major damage. The rest like Mount Airy, Parx and Valley Forge aren't doing the real denting to AC.
The problem in my mind is not only PA but Delaware, Maryland and PA combined. That used to be a huge home base area for AC but now you have those places with casinos in conjunction with the Connecticut guys, the slot parlors in NYC and it all spells the absolute end of AC as we know it.
I still love the ocean and I loved living literally 50 steps away from the boardwalk when Revel was still being built but even back then I saw the writing on the wall. The casinos were already buckling and the only logical choices now is to shutter 60% of the properties and allow the market to try and correct itself.
I just feel sorry for those employees if that is indeed the case..............
just reporting what I was told by a few Revel employees I've known for awhile.
I myself would be surprised if he needed to do this himself -considering AC is a pimple on his arse vs. his Asian & LV interests.
But that is what the employees are saying- perhaps true, or planted by mngmt to boost morale?
Quote: 7star4nowSteve Wynn toured Revel last week according to multiple RV employees?
just reporting what I was told by a few Revel employees I've known for awhile.
I myself would be surprised if he needed to do this himself -considering AC is a pimple on his arse vs. his Asian & LV interests.
But that is what the employees are saying- perhaps true, or planted by mngmt to boost morale?
I'll take "planted to boost morale" for $100 Alex
Quote: Dicenor33Market economy does not apply when it comes to gambling. Casinos have to be well funded in order to sustain losses. Las Vegas used to be a dream destination, you could get rich if you knew how to play. Today's casinos are nothing, but supplemental entity of broken states, their sprawl is a travesty, they'll never get the things going by robbing their patrons. Obama should close each and every casino across the country and leave few Vegas giants. It should put the industry back on it's feet.
Please tell me this is a joke on so many levels.
Quote: DMSCRIt just sucks all around that Showboat is closing. If this casino was not a part of the Caesars franchise Showboat would be staying open.
Caesars is heavily loaded in debt because this casino company was bullish of the U.S. and ignored everywhere else around the world. It totally missed the boat in Asia ignoring Macau unlike Wynn, Adelson and MGM. But I do hope they win that NY license to build in Orange County as opposed to the Genting Group.
What is hurting AC is not Pennsylvania as a whole but one PA casino that is taking a huge bite. Sands, Bethelehem is that PA casino that is doing the major damage. The rest like Mount Airy, Parx and Valley Forge aren't doing the real denting to AC.
I think you are underestimating the damage from Mohegan Sun in Poconos, Hollywood in Harrisburg, and probably Charles Town in W. VA to some extent. These casinos always seem to have plenty of players in them.
Quote: BozI'll take "planted to boost morale" for $100 Alex
OK, I'll take Don Pardo visited Revel for 200
Quote: RaleighCrapsI think you are underestimating the damage from Mohegan Sun in Poconos, Hollywood in Harrisburg, and probably Charles Town in W. VA to some extent. These casinos always seem to have plenty of players in them.
We used to drive to AC once or twice a month. Now Mrs calls me and says, "Do you want to meet me at Mohegan (Pocono) after work?"
