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Mission146
Mission146
Joined: May 15, 2012
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January 9th, 2018 at 4:11:07 PM permalink
Quote: ECoaster

Revel still has the strange layout that involves a LOT of walking. That isn't going to draw the older crowd, which is a big part of the gamblers I always see at GN and Resorts. On the other hand, Revel is the cleanest and most modern property in AC, by far... If they get the club and the pools open again, they just might draw some of the younger crowd away from places like Borgata, Harrah's, and maybe Trop.



I definitely agree with everything that you said above. I can't claim to know their marketing strategy, but I can't imagine that the Ocean whatever is going to be really trying to target Golden Nugget and Resorts clientele. Borgata makes well over those two casinos combined, and there are a few others that come reasonably close to making as much as those two combined.

In terms of target market, I would say yes to anyone else too, but I think they will be targeting Borgata customers hard. Probably the same with Hard Rock...Hard Rock is pumping a ton of money into the old Taj Mahal. Just getting the former Taj's market share back from GN, Resorts and Trop isn't going to be enough to keep them going...they're still going to need to draw from somewhere else.

Quote:

If Hard Rock has good live shows often and if they do a good job modernizing the casino and renovating the worn out Taj rooms they have a chance to draw a somewhat younger crowd too.



They're going to have to.
Vultures can't be choosers.
WatchMeWin
WatchMeWin
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January 9th, 2018 at 4:46:25 PM permalink
Sports betting is highly likely to become legalized in NJ. This must be their biggest bet in opening a new casino in AC. Im sure the owners of Oceans are setting themselves up well here. Vegas will always be my getaway destination for shows, dinners, fun and vices... but AC will get all of the east coast sports betting.... which is HUGE! should have been done long ago. Hypocrites in Gov. 10th amendment my AS$$%%. The mob is not happy. They will lose out most... although the mob is not what it used to be anyway.

http://www.foxbusiness.com/markets/2018/01/09/legal-sports-betting-18-states-could-introduce-bills-in-2018-report.html
'Winners hit n run... Losers stick around'
Mission146
Mission146
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January 9th, 2018 at 4:51:18 PM permalink
Them and a bunch of casino states near them, which is kind of my point.
Vultures can't be choosers.
darkoz
darkoz
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January 9th, 2018 at 5:08:20 PM permalink
I dont think resorts is going to close aa they have the backing of the mohegan sun which wants to keep some foothold in that market
Mission146
Mission146
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January 9th, 2018 at 5:33:30 PM permalink
Quote: darkoz

I dont think resorts is going to close aa they have the backing of the mohegan sun which wants to keep some foothold in that market



You're not the first person I've heard say that, either. I tend to agree, which is why Resorts is second on my list.

I still think it's more likely than Golden Nugget only because I think Golden Nugget is doing really well (especially as compared to a few years ago) and will continue to do really well. They were really adept at picking up players when places like Trump Plaza, Taj Mahal, Atlantic Club and arguably even Showboat closed.

That's not to say that they'll necessarily be hugely profitable in the face of this new competition, but as before, I think they can (at a minimum) hang on until whoever is going to close closes and then profit from there.

I really don't see any way that Bally's doesn't go before anyone else, with exception maybe to the two new properties themselves. Bally's is just such a completely redundant casino and will be the only one this year to pull less revenue than in 2016 even without the Taj Mahal being around. Effectively, Taj closed and they literally got less than 0 of that market share.
Vultures can't be choosers.
darkoz
darkoz
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January 9th, 2018 at 5:39:59 PM permalink
Quote: Mission146

You're not the first person I've heard say that, either. I tend to agree, which is why Resorts is second on my list.

I still think it's more likely than Golden Nugget only because I think Golden Nugget is doing really well (especially as compared to a few years ago) and will continue to do really well. They were really adept at picking up players when places like Trump Plaza, Taj Mahal, Atlantic Club and arguably even Showboat closed.

That's not to say that they'll necessarily be hugely profitable in the face of this new competition, but as before, I think they can (at a minimum) hang on until whoever is going to close closes and then profit from there.

I really don't see any way that Bally's doesn't go before anyone else, with exception maybe to the wo new properties themselves. Bally's is just such a completely redundant casino and will be the only one this year to pull less revenue than in 2qgw016 even without the Taj Mahal being around. Effectively, Taj closed and they literally got l ss than 0 of that market share.



Its weird because i totally concur. Plus ballys rooms are atrocious. Worst rooms in ac imo

But then when catching greyhound why is it ballys seems to have much more business? When trying to leave ac if the bus is stopping at ballys you better be there too. Otherwise you are not getting a seat

So are all these bus players so small potatoes they are losing money? Must be so its weird.
Mission146
Mission146
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January 9th, 2018 at 5:58:00 PM permalink
I don't know, Bally's is neck-in-neck with GN in live casino win for the year with GN having an edge of just under 6.5M as of November. In effect, Bally's has about 8.744% of the total live casino market in the city whereas GN enjoys 9.032%, so it's not a huge difference.

GN is absolutely KILLING it online, too! Nobody else is even close. The three CET properties combine for 39.2M online while GN makes 62.5M (YTD as November) by itself.

I don't know what your usual hours are, but my experience is GN is almost inordinately slow during the day but probably has more people per device late at night than just about anywhere else. That's just a visual observation based on a sample of fewer than fourteen-thirty total days, I don't have any numbers to back it up. I imagine Bally's would really be hurting without the busses.
Vultures can't be choosers.
100xOdds
100xOdds
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January 9th, 2018 at 7:36:17 PM permalink
Quote: Mission146

3.) I'm pretty sure I disagree with you on Golden Nugget. GN has historically been pretty aggressive on tier matching and offer matching, and they cater pretty well to low-mid type rollers. I don't think Resorts will take much from them and I'm not really convinced the former Revel or Hard Rock are really going to be targeting the Golden Nugget's customers, at least, not with any exclusivity.

gn tier matches?
to caesars diamond? Borgata/mgm Gold?
which tier do you get?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
MrV
MrV
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January 9th, 2018 at 7:43:59 PM permalink
Bring back the diving horse



Actually, instead of residencies featuring just one DJ, casinos should have an ongoing theme: say one always does EDM, one does hip hop, one does country.

The nightclub thing has helped keep Las Vegas going.
"What, me worry?"
Mission146
Mission146
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January 9th, 2018 at 8:20:13 PM permalink
Quote: 100xOdds


to caesars diamond? Borgata/mgm Gold?
which tier do you get?



I would call them, I know that they did and they were one of the first ones in AC (if not the first) to make a big point of doing it. I believe they started doing it when places like Trump Plaza and Showboat and all of that started closing. I got my tier match via the Trump Taj Mahal, which Borgata was also matching at the time though GN was doing it first. Borgata was owned by the combination of MGM/Boyd at the time, and now it's exclusively MGM.

I don't know if they're still doing it or not. I think I went from the second highest at the Taj Mahal to Chairman at GN, which is the second highest there. I tried to call, but no answer. I seem to recall the 24k Club closes up shop at midnight on weekdays, but it might have been eleven or might be eleven now. I'll try to call again tomorrow, you're CET Diamond, right?
Vultures can't be choosers.

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