Boz
Boz
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May 13th, 2013 at 1:08:44 PM permalink
http://www.pressofatlanticcity.com/business/judge-rules-revel-will-be-able-to-emerge-from-bankruptcy/article_a1b15d8c-bbf0-11e2-8c71-001a4bcf887a.html


No 2nd hand information here, straight from the casino.

So who wins and loses the bets?
toastcmu
toastcmu
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May 13th, 2013 at 1:12:12 PM permalink
I love how they quote that allowing smoking will increase revenue dramatically. As if that's the reason they've been struggling.

-B
rdw4potus
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May 13th, 2013 at 2:01:26 PM permalink
Quote: toastcmu

I love how they quote that allowing smoking will increase revenue dramatically. As if that's the reason they've been struggling.

-B



All those people who play at Caesars and Borgata and the Trop who would have abandoned their status and offers if only they could smoke at Revel will Flock to Revel now!
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
FleaStiff
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May 13th, 2013 at 2:47:40 PM permalink
Quote: Boz

So who wins and loses the bets?

Doesn't matter to me.... the main thing is that management has done everything wrong that it possibly could have done wrong and has still survived. Corporate managers rarely get punished, political ownership or funding of a casino seems to have little effect. The job gets bungled and the managers get bonuses.
sodawater
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May 13th, 2013 at 3:05:42 PM permalink
This is so fucking stupid. If they actually think allowing smoking will increase revenue "dramatically," they are crazy. Revel isn't making money because players are more loyal to properties that actually give them status and benefits.

As for me, the opposite result will happen. The only reason I played at Revel as opposed to Borgata or Caesars properties was the lack of smoking.

At least being smoke-free gave Revel something to offer established Borgata and CET players. What, exactly, will be Revel's appeal now?
DJTeddyBear
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May 13th, 2013 at 3:12:25 PM permalink
Who wins the bet depends upon how soon they start allowing smoking, and how much of the floor will be smoking.

Whether or not people start flocking to the Revel so they can smoke and gamble really depends upon how well they publicize the change. And considering that there are a lot of people who have no idea that the original No Comps policy got abandoned, I think the term "flock to the Revel" is rather over-optimistic.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ ————————————————————————————————————— Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
sodawater
sodawater
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May 13th, 2013 at 3:16:33 PM permalink
Quote: DJTeddyBear

Who wins the bet depends upon how soon they start allowing smoking, and how much of the floor will be smoking.

Whether or not people start flocking to the Revel so they can smoke and gamble really depends upon how well they publicize the change. And considering that there are a lot of people who have no idea that the original No Comps policy got abandoned, I think the term "flock to the Revel" is rather over-optimistic.



Just goes to show that the biggest mistake a new casino can make, upon opening, is not being generous enough with its players. Being overly generous can always be dialed back after the opening, but once players give a new property free play and get nothing in return, they will never come back.
FatGeezus
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May 14th, 2013 at 9:42:46 AM permalink
A buffet would have attracted more players than allowing smoking.
Boz
Boz
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May 14th, 2013 at 2:16:41 PM permalink
In AC right now and Revel is beyond dead. Caesars is busy for a Tuesday with 4 craps tables open
Hunterhill
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May 14th, 2013 at 2:30:07 PM permalink
One of the things I dislike about Revel is their lack of carnival games.They have 3cp and maybe Let it die,and thats about it. No uth,thb,miss stud,4cp crazy4.They are losing out on all the players for those games.
The mountain is tall but grass grows on top of the mountain.
Bhappy
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May 14th, 2013 at 4:47:29 PM permalink
Quote: sodawater

This is so fucking stupid. If they actually think allowing smoking will increase revenue "dramatically," they are crazy. Revel isn't making money because players are more loyal to properties that actually give them status and benefits.

As for me, the opposite result will happen. The only reason I played at Revel as opposed to Borgata or Caesars properties was the lack of smoking.

At least being smoke-free gave Revel something to offer established Borgata and CET players. What, exactly, will be Revel's appeal now?



If smoking and casino profits were related then the only non-smoking casino (Palace) amongst dozen or so smoking casinos in Biloxi would have shut down (actually after close to two years they are investing more money in their property).
Boz
Boz
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May 15th, 2013 at 2:55:34 PM permalink
Good to see you back BHappy and I am assuming you also think this is a bad decision, but one they had to make based on their other poor decisions in the last 13 months. Still looks like they are going to need more cash from the story as they can burn $69 Million in a couple of months.

Visited Revel yesterday and it was a ghosttown. Not 20 people playing slots in my walk around and dealers just standing around. Still seemed like too many open tables for the volume. I understand it was a Tuesday, but Caesars was as busy as I have seen it in a while midweek at the tables and the slots.

I hope Revel can turn it around for the employees, but I have little faith they understand what they are up against with players loyalties to other casinos and the poor treatment they provided those who were willing to give them some play.

Resorts is the one to watch with all the Margaritaville stuff coming. I expect their numbers to jump quickly.
EvenBob
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May 15th, 2013 at 2:59:50 PM permalink
Quote: Boz



Visited Revel yesterday and it was a ghosttown. Not 20 people playing slots in my walk around and dealers just standing around..



They're just bleeding cash, then. They can't depend
on weekends to bail them out, they must barely be
able to pay the electric bill at this point. Oh well, a
dumb idea at a very bad time in the economy.
"It's not called gambling if the math is on your side."
Tanko
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June 4th, 2013 at 7:51:53 AM permalink
deleted
Last edited by: Tanko on Mar 9, 2016
treetopbuddy
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June 4th, 2013 at 8:10:14 AM permalink
Quote: sodawater

Just goes to show that the biggest mistake a new casino can make, upon opening, is not being generous enough with its players. Being overly generous can always be dialed back after the opening, but once players give a new property free play and get nothing in return, they will never come back.



The Horseshoe in Cincy is letting the players get their way to some degree. Very accommodating, outside of the five guys they are being prosecuted for cheating. Lots of cheating in the weeks following the opening. Many dealers were fresh out of dealers school and very inexperienced. Some were having a hell of a time figuring out the hit/stand rules in Bac.
Each day is better than the next
AcesAndEights
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June 5th, 2013 at 4:09:17 PM permalink
So any confirmation on if this loses the Wizard's bet with Bob Dancer? I think they had some kind of square footage requirement baked in to the wager...
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
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