December AC Casino Results

http://www.nj.gov/oag/ge/docs/Financials/PressRel2012/December2012pressrelease.pdf

Another down month overall and Revel still struggling at 9.9M. Other things that stick out are that someone had to kill the Trop at the tables for the results to be this bad. And it is easy to see who is doing a good job and who isnt. Borgata is still at the top and the mess CZR has allowed Ballys to become is showing in the results. This used to be a premier property, now it only visited by those who dont know any better.

Revel seems to be in big trouble, espcially the money and debt they have in the property.

Agreed if Revels win is about 10M per month(i rounded up). That's 120M per year....I would imagine the payments due on their debt load, amount to almost that much. All before they pay a single employee or beverage supplier, or light bill etc.etc.....doomed.

Also interesting, is that the only two properties that were up for the month compared to 2011 were the Atlantic Club, and the Nuggett. The two low roller places in town; also the only two that have spent any money on upgrades. Maybe that should be a clue for the high end properties. The decline of Bally's and the Trump Plaza is also horrifying. These used to be nice properties in great locations. But they are clearly going downhill fast.

trump plaza didnt even crack a million on table games. that is sad. what a beautiful location -- probably the best location in the city

Wasn't the Trop also the place hammered by the guy who took advantage of the loss rebate given to him?

That is a huge drop, and they def ran bad, and possibly ran good last Dec. The overall AC loss is meh. Just more ppl staying to play in PA obv. And if you play BJ at and significant bet amount, this is the obv play.