New Jersey Sept Numbers...Revel 16.9 Million
Another bad month and the clock is ticking on when this disaster will burn through the extra line of credit and file bankruptcy. And yet they continue to insult players with $159 room offers and poor comps. I still wonder if they are trying to show how NOT to run a casino.
Quote: WongBoAce...one reason for poor numbers is your loyalty!
From your lips to the Wizard's ears!!!
Quote: Boz
Another bad month and the clock is ticking on when this disaster will burn through the extra line of credit and file bankruptcy. And yet they continue to insult players with $159 room offers and poor comps. I still wonder if they are trying to show how NOT to run a casino.
Wow. They hit 8th place out of 12 for both slots and overall gaming revenue, and 7th place in table games.
It is difficult to believe but Ceasars Incorporated could by Revel and they would still only have 46% of the market in AC. If they did purchase the property at fire sale and they eventually surpass 50% I wonder if the NJ would make them sell Showboat. I would think they would want to tie in Showboat and Revel into one resort.
Quote: aceofspadesPerhaps it is the no smoking policy (which I whole-heartedly support) and which 99% of the employees I spoke with said was a key factor in their switching over to Revel.
I'm SHOCKED that the employees who self-selected to switch jobs valued the unique characteristic of the job they switched to ;)
In other news, people who switch auto insurance providers save money with their new carriers...
Quote: sunrise089I'm SHOCKED that the employees who self-selected to switch jobs valued the unique characteristic of the job they switched to ;)
In other news, people who switch auto insurance providers save money with their new carriers...
Speaking of Revel employees, there are term limits to their jobs and they must re-apply every four years. Those in charge say it's to put on the best possible face or some such nonsense. I'm guessing no "ugly" faces need apply.
Remember what Resorts did to their longtime cocktail servers when they got a little long in the tooth?
Quote: 1BBSpeaking of Revel employees there are term limits to their jobs and they must re-apply every four years. Those in charge say it's to put on the best possible face or some such nonsense. I'm guessing no "ugly" faces need apply.
Remember what Resorts did to their longtime cocktail servers when they got a little long in the tooth?
But when they took the job they probably didnt think the place itself wouldn't last four years.
for not going to a certain casino: They fell like its
hard to win there. They don't care about the decor,
if the employees are friendly, if its smoke free. If
they win sometimes they'll keep going.
Thats my theory about Revel. People stay away because
they feel its hard to win there. Don't over think these
things, gamblers are very superstitious.
Quote: aceofspadesI find it amazing how such a beautiful casino/hotel can be doing so poorly. I am a loyal Revel customer and when I am in AC and venture to the other casinos with friends (they like Bally's and Caesars), I am astounded that on a Friday and Saturday night there is barely any room at the table games to play whereas at Revel everything is wide open, even with $10 table limits..
Nationwide FREE rooms.
Revel will Never convert CET tier players or even Borgata players. They will come stay for free eat free food, but always go back to their home base to maintain their tier status.
The non gambling or low to medium gamblers are turned off due to their 'high Price Point' for rooms, and lack of cheap food. Even low to medium gamblers have nationwide FREE/cheap rooms at CET. If they were to link up with high end properties in Vegas (e.g. Wynn), it could make a difference.
Quote: BozA deeper look at the numbers shows coin in was way down, but slot profit stayed close to the same from last month. Only Showboat had a higher slot hold percentage than Revel. Another sign that is not good if you are trying to attract slot players.
Where do you get that? 9% hold in Aug vs 9.8% in Sept. (Caesar's 9.7%)
$12,669,759 out of a drop of $128,643,575
Last month was only 9%. Coin in was down 16.9M (11.6%), but slot win was down on 2.5%
So again, they had the 2nd highest hold %. Caesars is 9.5% and Showboat is 10.1%
Quote: BozNot sure what you are looking at but yes, Revel is 9.8%
$12,669,759 out of a drop of $128,643,575
Last month was only 9%. Coin in was down 16.9M (11.6%), but slot win was down on 2.5%
So again, they had the 2nd highest hold %. Caesars is 9.5% and Showboat is 10.1%
variance of less than 1% on a month to month basis does not mean anything. As a slot player let me tell you, 0.8% does not make one iota of difference. You are trying to make something out of nothing.
The hold on the most popular of slot machines - the penny machine is about the same for all casinos.
Quote: BozNot sure what you are looking at but yes, Revel is 9.8%
$12,669,759 out of a drop of $128,643,575
Last month was only 9%. Coin in was down 16.9M (11.6%), but slot win was down on 2.5%
So again, they had the 2nd highest hold %. Caesars is 9.5% and Showboat is 10.1%
Over the long term a casino can never be profitable based on hold %. It is far too simple of a metric to publicize, and eventually the players won't come there if month after month they have the highest hold percent.
Quote: 1BBSpeaking of Revel employees, there are term limits to their jobs and they must re-apply every four years. Those in charge say it's to put on the best possible face or some such nonsense. I'm guessing no "ugly" faces need apply.
Remember what Resorts did to their longtime cocktail servers when they got a little long in the tooth?
Put them on late night shift from what I've seen.
Quote: EvenBobThe clueless gamblers I know only have one reason
for not going to a certain casino: They fell like its
hard to win there. They don't care about the decor,
if the employees are friendly, if its smoke free. If
they win sometimes they'll keep going.
Thats my theory about Revel. People stay away because
they feel its hard to win there. Don't over think these
things, gamblers are very superstitious.
Exactly!! It's why I won't go to Indian Casinos
The above is from the get the government out of gambling types. www.getgovernmentoutofgambling.
That's what Paul Ryan told me in a PM.
