Boz
Boz
Joined: Sep 22, 2011
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July 10th, 2012 at 2:54:40 PM permalink
http://www.nj.gov/oag/ge/docs/Financials/MGR2012/201206revenue.pdf

Another bad month for Revel with less than 15M in Gaming Revenue. The Atlantic Club (Old Hilton) is one of the biggest gainers and is right behind Revel. Looks like their focus on players is paying off. They are getting many good reviews on other forums, while Revel continues to get negative reviews. It is refreshing to see people speaking with their gambling dollars.
buzzpaff
buzzpaff
Joined: Mar 8, 2011
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July 10th, 2012 at 3:29:46 PM permalink
That has always been my philosophy. Vote with your feet. Walk out that door and go somewhere that your action is appreciated !
ahiromu
ahiromu
Joined: Jan 15, 2010
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July 10th, 2012 at 3:35:58 PM permalink
Revel took a loss on "other" slot machines. Very little cash going through them, any idea what they are?
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
Tiltpoul
Tiltpoul
Joined: May 5, 2010
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July 10th, 2012 at 4:44:25 PM permalink
Quote: ahiromu

Revel took a loss on "other" slot machines. Very little cash going through them, any idea what they are?



Revel is giving a RIDICULOUS amount of free play to players, thinking that it will attract the casual gambler to the property. Of course, the problem is the service is generally lousy, so why would the casual gambler want to stay around other than for the free play???

I'm glad to see Atlantic Club taking the right steps to retain players. Now if they just lowered their room rates on weekends, they'd be doing fantastic...
"One out of every four people are [morons]"- Kyle, South Park
pacomartin
pacomartin
Joined: Jan 14, 2010
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July 10th, 2012 at 4:48:34 PM permalink
Quote: Boz

Another bad month for Revel with less than 15M in Gaming Revenue. The Atlantic Club (Old Hilton) is one of the biggest gainers and is right behind Revel. Looks like their focus on players is paying off.



Showboat is the highest of only two casinos with improvement on table games for YEAR-TO-DATE ENDED JUNE 2012 VERSUS 2011. The smoking theory may be accurate. People are going to REVEL to see the place and then drifting over to Showboat where they are free to smoke.
Boz
Boz
Joined: Sep 22, 2011
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July 10th, 2012 at 5:01:02 PM permalink
Quote: pacomartin

Showboat is the highest of only two casinos with improvement on table games for YEAR-TO-DATE ENDED JUNE 2012 VERSUS 2011. The smoking theory may be accurate. People are going to REVEL to see the place and then drifting over to Showboat where they are free to smoke.



They are also going to Showboat for casual dining at affordable prices. Revels cheapest place is 2 tacos and a soda $20.
pacomartin
pacomartin
Joined: Jan 14, 2010
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July 10th, 2012 at 5:41:38 PM permalink
Quote: Boz

They are also going to Showboat for casual dining at affordable prices. Revels cheapest place is 2 tacos and a soda $20.



It's one thing to pay big money for incredible food that you can't get anywhere else, it's another to pay double or triple for ordinary food that often isn't as good a El Gordo. It really ticks you off.
SanchoPanza
SanchoPanza
Joined: May 10, 2010
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July 10th, 2012 at 8:08:57 PM permalink
Quote: pacomartin

It's another to pay double or triple for ordinary food that often isn't as good a El Gordo.


And not all the tacos are corn, but they don't post which are which.
FatGeezus
FatGeezus
Joined: Jun 12, 2010
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July 11th, 2012 at 8:27:36 AM permalink
This topic was discussed on NJTV with a professor from Rowan College.

He said that a hotels revenue is composed of 4 factors. Hotel, Gambling, Entertainment and Food/Beverages.

While gambling declined, the overall PROFIT for the first three months of 2012 compared to the first three
months of 2011, is UP 17%! 2nd quarter results were not yet available.
Tiltpoul
Tiltpoul
Joined: May 5, 2010
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July 11th, 2012 at 11:17:00 AM permalink
Quote: FatGeezus

While gambling declined, the overall PROFIT for the first three months of 2012 compared to the first three
months of 2011, is UP 17%! 2nd quarter results were not yet available.



This doesn't surprise me a lot. It seems like Atlantic City is charging a LOT more for things, and offering less in terms of comps and offers (Revel being the exception). My winter offers this year were not as strong, and while Resorts has been courting me, there are no free slot play offers; just free hotel rooms, which are essentially a fixed cost.
"One out of every four people are [morons]"- Kyle, South Park

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