Revel is looking for an "out"
November 11th, 2013 at 3:44:57 PM
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http://www.philly.com/philly/business/20131111_ap_95e5e1001f8c4a20ae8a7dc10fac2627.html
Looks like the 2 players that post here that actually do play here will be playing for new owners soon, if anyone thinks they can pull a rabbit out of a hat and make this place work. Even with all the stupid stuff they have done to make players HATE them, and yes talk to players in others casinos, they really HATE them, I wonder if anyone could have made this work from the start with the debt and how the overall AC market is.
But with that said, and the hope that employees find work, I enjoy everything I read about them failing...again!
Looks like the 2 players that post here that actually do play here will be playing for new owners soon, if anyone thinks they can pull a rabbit out of a hat and make this place work. Even with all the stupid stuff they have done to make players HATE them, and yes talk to players in others casinos, they really HATE them, I wonder if anyone could have made this work from the start with the debt and how the overall AC market is.
But with that said, and the hope that employees find work, I enjoy everything I read about them failing...again!
November 11th, 2013 at 3:51:59 PM
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Quote: BozI enjoy everything I read about them failing...again!
Schaden is catching, don't tell Ace..
"It's not called gambling if the math is on your side."
November 11th, 2013 at 4:05:26 PM
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deleted
November 11th, 2013 at 4:19:49 PM
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What a sad, sad mess this place has been from the very beginning. It isn't going to get any better because there simply isn't anymore pie left for anybody in AC. I don't think anybody would spend a nickel on this place unless it ws so undervalued that the actual property was worth something tot he buyer.
These guys think it is easy running a casino hotel........good luck ;)
These guys think it is easy running a casino hotel........good luck ;)
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
November 11th, 2013 at 4:35:54 PM
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Yep. Let the record show that I predicated a Caesar's buyout months ago. About the time of the infamous "you can't lose" promotion.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
November 11th, 2013 at 4:52:52 PM
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Quote: WizardYep. Let the record show that I predicated a Caesar's buyout months ago. About the time of the infamous "you can't lose" promotion.
I just don't see it with Loveman having first hand knowledge of how bad the marketplace is in AC. I don't even think they would take it in a deal like they got at PH where they paid nothing and only assumed debt unless they could dump Showboat and perhaps even Ballys. And nobody would buy those casinos knowing they would lose the current TR players to the new Caesars owned Revel. The AC market will continue to change in the coming months, but really needs to get down to 6-7 casinos max with proper ownership.
Anyway you look at it, AC's glory days are over and as someone who has been going there since 1980 it makes me sad.
November 11th, 2013 at 5:01:03 PM
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Quote: BozI just don't see it with Loveman having first hand knowledge of how bad the marketplace is in AC.
Just for arguments sake, assume that nobody would take the Revel for free if they had to assume its debt. Then let's say that Loveman said I'll pay 50 cents on the dollar towards the debt, and nobody made a better offer. Wouldn't the bankruptcy courts pretty much have to honor that offer? I'm sure the debt holders would rather get half than see the doors closed.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
November 11th, 2013 at 5:05:58 PM
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Quote: WizardJust for arguments sake, assume that nobody would take the Revel for free if they had to assume its debt. Then let's say that Loveman said I'll pay 50 cents on the dollar towards the debt, and nobody made a better offer. Wouldn't the bankruptcy courts pretty much have to honor that offer? I'm sure the debt holders would rather get half than see the doors closed.
November 11th, 2013 at 5:22:31 PM
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I enjoyed every visit I had at Revel. Restaurants are one of the best in the country, modern rooms, and floor has the best stuff you can find. I simply don't see the place closing down. As far as I remember they always complain, so do I and others, it means nothing.
November 11th, 2013 at 5:39:21 PM
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Quote: WizardJust for arguments sake, assume that nobody would take the Revel for free if they had to assume its debt. Then let's say that Loveman said I'll pay 50 cents on the dollar towards the debt, and nobody made a better offer. Wouldn't the bankruptcy courts pretty much have to honor that offer? I'm sure the debt holders would rather get half than see the doors closed.
Good point, but then again there is no guarantee anyone Caesars owes money to is going to anything based on their finances, so his offers have to be taken as a risk. I still think Carlino and Penn National would move into AC if the price was right and they have the cash reserves to do it.
November 11th, 2013 at 5:42:24 PM
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Real tough to see any current operator take over this place. Problem with AC is that there is not enough players to share the very small action. There are too many casinos for too few players.
Close down 5 properties and maybe you have a future. In my opinion the only casinos that should remain in AC are Caesars, Revel and Borgata.
The balance just won't make it long term as they don't have the infrastructure. AC is done, dead, finished, shoved off this mortal coil, pushing up daisies, any other term you can think of........
As a large corporation wanting to buy Revel you would have to get the deal of a lifetime from the bankruptcy judge otherwise it just won't work!
Close down 5 properties and maybe you have a future. In my opinion the only casinos that should remain in AC are Caesars, Revel and Borgata.
The balance just won't make it long term as they don't have the infrastructure. AC is done, dead, finished, shoved off this mortal coil, pushing up daisies, any other term you can think of........
As a large corporation wanting to buy Revel you would have to get the deal of a lifetime from the bankruptcy judge otherwise it just won't work!
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
November 11th, 2013 at 6:02:38 PM
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I could see MGM bringing people in, but if you were MGM, doing reasonably well, would this actually be worth the risk? I think not.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
November 11th, 2013 at 6:20:42 PM
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Caesars has four properties in AC already. I don't see them picking up a fifth.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
November 11th, 2013 at 6:34:30 PM
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I think MGM is the most likely suitor. This would provide a great bridge from the east coast to their other properties in Vegas, Detroit, and Mississippi. But I'm not sure that they'd want to do this. I guess it depends on how steep the discount is in AC - going hard for an NY license or an MA license has much higher upside, but also much higher initial costs. Not to say they can't do both, especially with MA, but there's only so many players to grab and so many dollars to spend.
I wonder how Harrah's tribal management deals in AZ and CA are structured. Something like that, with the debt-holders gaining control and then hiring a new non-owner management firm, might be a good way for other cash-strapped national chains to gain entry into the market.
I'm not sure that Bally's would be all that hard to move. They have the best location in town - central, with an utterly iconic address at Boardwalk & Park Place - and the part of the property that isn't the Claridge is pretty good. Not saying it has to work this way, but Bally's AC feels more like a Hollywood than it does like Bally's LV now...
Are there rules about how/which tribes are allowed to own/operate casinos in AC? Revel could work great as a Seminole Hard Rock, and the Tribe almost certainly has the cash based on their successes in FL.
I wonder how Harrah's tribal management deals in AZ and CA are structured. Something like that, with the debt-holders gaining control and then hiring a new non-owner management firm, might be a good way for other cash-strapped national chains to gain entry into the market.
I'm not sure that Bally's would be all that hard to move. They have the best location in town - central, with an utterly iconic address at Boardwalk & Park Place - and the part of the property that isn't the Claridge is pretty good. Not saying it has to work this way, but Bally's AC feels more like a Hollywood than it does like Bally's LV now...
Are there rules about how/which tribes are allowed to own/operate casinos in AC? Revel could work great as a Seminole Hard Rock, and the Tribe almost certainly has the cash based on their successes in FL.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
November 11th, 2013 at 7:25:03 PM
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Here's my prediction: Wynn takes over Revel
Here's why/how it happens:Christie just won big for a second term as governor. He wants to run for President in 2016. Reviving AC has been one of his signature initiatives as governor and it has, so far, been a huge failure. Revel in particular has been an embarrassment. He needs to get someone to take over Revel and make it a game changer for AC. Wynn could potentially do that. Christie has all kinds of Sandy money at his disposal to throw at this problem. Wynn could effectively get the place for nothing along with millions from the state to re-make the place to Wynn's standards. Wynn did pull the plug on his Philly project today. i think that's because he's in serious talks with Christie about Revel.
Here's why/how it happens:Christie just won big for a second term as governor. He wants to run for President in 2016. Reviving AC has been one of his signature initiatives as governor and it has, so far, been a huge failure. Revel in particular has been an embarrassment. He needs to get someone to take over Revel and make it a game changer for AC. Wynn could potentially do that. Christie has all kinds of Sandy money at his disposal to throw at this problem. Wynn could effectively get the place for nothing along with millions from the state to re-make the place to Wynn's standards. Wynn did pull the plug on his Philly project today. i think that's because he's in serious talks with Christie about Revel.
November 11th, 2013 at 7:32:26 PM
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Some pretty insightful analysis ITT, I also look forward to seeing what happens. That would be nuts if Wynn bought it.
November 11th, 2013 at 8:34:59 PM
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Look someone is going to buy it, and run it, for pennies on the dollar. I mean for crying out loud they spent (i.e. pissed away) over 2 Billion dollars on this place, the only way it's worth anything, at all, is as a casino/hotel. The bankruptcy court is NOT going to shutter the place. It's a beautiful property. It just needs to be run right. It would help enormously if some of the lesser competition in AC would go away and funnel more dollars to the remaining properties. I think CET or MGM ultimately gets it.....if CET does they will close/sell the Showboat. Caesars is obviously the flagship property and it's not going anywhere...Ballys is attached to Caesars...makes too much logistical sense, and they feed off each other so it stays open. Harrah's is the biggest property in town and they actually make money. That leaves the Boat as the red headed step child of the CET empire in AC...it's got to go. MGM is the only other logical choice. Either company could tie the Revel into it's network of rewards customers and boost the property up quite a bit I think. Either way though some consolidation of casinos in AC is inevitable at this point I think.
November 11th, 2013 at 8:48:32 PM
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Quote: vendman1Look someone is going to buy it, and run it, for pennies on the dollar. I mean for crying out loud they spent (i.e. pissed away) over 2 Billion dollars on this place, the only way it's worth anything, at all, is as a casino/hotel. The bankruptcy court is NOT going to shutter the place. It's a beautiful property. It just needs to be run right. It would help enormously if some of the lesser competition in AC would go away and funnel more dollars to the remaining properties. I think CET or MGM ultimately gets it.....if CET does they will close/sell the Showboat. Caesars is obviously the flagship property and it's not going anywhere...Ballys is attached to Caesars...makes too much logistical sense, and they feed off each other so it stays open. Harrah's is the biggest property in town and they actually make money. That leaves the Boat as the red headed step child of the CET empire in AC...it's got to go. MGM is the only other logical choice. Either company could tie the Revel into it's network of rewards customers and boost the property up quite a bit I think. Either way though some consolidation of casinos in AC is inevitable at this point I think.
Don't understand all the underlying corporate issues of these companies, but I'm curious why none of you who do seem to, haven't mentioned the Sands as a potential buyer. Adelson appears to have more liquidity and profits than anybody, no presence on the East Coast, and is in expansion mode.
If the House lost every hand, they wouldn't deal the game.
November 11th, 2013 at 9:21:33 PM
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" I still think Carlino and Penn National would move into AC if the price was right and they have the cash reserves to do it. "
Penn National bought Bullwhackers in Colorado about 10 years ago. Prior to Ameristar taking off a bankrupt half finished casino.
Bullwhackers owned only gas station for miles, expended into vacant Billy Bronco's, bought Silver Hawk Casino as an annex, and got
rid of all tables games, including biggest and best poker room at the time.
Today Ameristar has 40% market share, Bullwhackers has 5% or less, Bronco Billy's now Sasquash, Silver Hawk is closed. So much
for a racino competing in the real market.
Fitzgeralds in Blackhawk recently bought by Saratoga. Party pit of 8 table just replaced with pods of SHFL E games. No signage yet.
Be interesting to see how that plays out.
I actually stayed in a rooming house for vacation as a kid in AC in the mid 50's. Can remember years later all the hype about how gambling would revitalize Atlantic City, provide jobs and tax revenue would rebuild the community. And how the tourist would spend
money on the local economy.
But busloads of people left the bus, went into casino, then 6 hours later, back on the bus. When Resort first opened a bus would pull up every 2 or 3 minutes with a hundred or so riders. Read somewhere each riders dropped $70 in gaming revenue.
$7,000 a busload. Good money in 1978
Penn National bought Bullwhackers in Colorado about 10 years ago. Prior to Ameristar taking off a bankrupt half finished casino.
Bullwhackers owned only gas station for miles, expended into vacant Billy Bronco's, bought Silver Hawk Casino as an annex, and got
rid of all tables games, including biggest and best poker room at the time.
Today Ameristar has 40% market share, Bullwhackers has 5% or less, Bronco Billy's now Sasquash, Silver Hawk is closed. So much
for a racino competing in the real market.
Fitzgeralds in Blackhawk recently bought by Saratoga. Party pit of 8 table just replaced with pods of SHFL E games. No signage yet.
Be interesting to see how that plays out.
I actually stayed in a rooming house for vacation as a kid in AC in the mid 50's. Can remember years later all the hype about how gambling would revitalize Atlantic City, provide jobs and tax revenue would rebuild the community. And how the tourist would spend
money on the local economy.
But busloads of people left the bus, went into casino, then 6 hours later, back on the bus. When Resort first opened a bus would pull up every 2 or 3 minutes with a hundred or so riders. Read somewhere each riders dropped $70 in gaming revenue.
$7,000 a busload. Good money in 1978
Shed not for her
the bitter tear
Nor give the heart
to vain regret
Tis but the casket
that lies here,
The gem that filled it
Sparkles yet
November 11th, 2013 at 9:49:49 PM
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Sands has a property in Bethlehem, PA. An hour north of Philly, so they've got a presence - not saying they won't take a shot at AC... but they're already in the area.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
November 11th, 2013 at 10:34:11 PM
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Quote: beachbumbabsDon't understand all the underlying corporate issues of these companies, but I'm curious why none of you who do seem to, haven't mentioned the Sands as a potential buyer. Adelson appears to have more liquidity and profits than anybody, no presence on the East Coast, and is in expansion mode.
No chance Adelson enteres AC. He isn't that stupid. Sands Bethlehem is, by all accounts, a great property and everyone who has been there have had positive feedback to me. He doesn't need to enter a completely saturated market like AC and take a risk on a property with a terrible reputation.
He is happy making an absolute mint in Macau. In my opinion if he could operate only in Macau and Singapore, he would.....but that is only my opinion :)
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
November 12th, 2013 at 6:12:24 AM
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I'm not up on the inter-workings of the Sands/Adelson empire...other than I know he is crushing it in Asia. But I'd have to agree with Tomspur...with the Bethlehem Sands already established and doing well...I don't know that he would have much incentive to enter AC. There was a Sands in AC until about 6 or 7 years ago but I think Adelson and co. sold it long before it closed. But I could be wrong about that. Either way somebody is going to get the Revel on the cheap. It is still going to be several years until it all shakes out however.
November 12th, 2013 at 6:54:37 AM
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Quote: vendman1I'm not up on the inter-workings of the Sands/Adelson empire...other than I know he is crushing it in Asia. But I'd have to agree with Tomspur...with the Bethlehem Sands already established and doing well...I don't know that he would have much incentive to enter AC. There was a Sands in AC until about 6 or 7 years ago but I think Adelson and co. sold it long before it closed. But I could be wrong about that. Either way somebody is going to get the Revel on the cheap. It is still going to be several years until it all shakes out however.
Pinnacle owned the former Sands property and just sold it a month ago. The new owners are thinking about a casino or an entertainment center. Don't anyone hold their breath.
Who remembers the people mover in Brighton Park? It took you from the Boardwalk directly to Sands and Claridge.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
November 12th, 2013 at 9:09:03 AM
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Why buy Revel when you can buy the Atlantic Club.
Trump Marina was the last casino that changed owners. It was sold for 30 million and is now the Golden Nugget.
The Atlantic Club is reportedly up for sale and will sell for less than 15 million.
Trump Marina was the last casino that changed owners. It was sold for 30 million and is now the Golden Nugget.
The Atlantic Club is reportedly up for sale and will sell for less than 15 million.
November 12th, 2013 at 9:22:34 AM
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AC/ Jersey does have an advantage in that the gaming taxes are very very low compared to neighboring states.
But you still have to get the people to come. And that will always be the challenge. To rise up to the challenge, you really have to change AC, push out the riff-raff, close out the casinos that are underperforming, change the use of the land to something more attractive and make AC a true destination resort. AC had about 20 years without competition until Mohegan / Foxwoods opened, which took a hit, but when Pennsylvania opened up it ruined the Philadelphia market for AC.
That takes gumption, political will and very hard decisions to enact. Casinos hold on there because their businesses can be extremely profitable if it ever turns around.
And yeah, Revel will be bought out for PENNIES on the dollar but I don't know if a major player would be able to risk it without extra conditions from Christie.
But you still have to get the people to come. And that will always be the challenge. To rise up to the challenge, you really have to change AC, push out the riff-raff, close out the casinos that are underperforming, change the use of the land to something more attractive and make AC a true destination resort. AC had about 20 years without competition until Mohegan / Foxwoods opened, which took a hit, but when Pennsylvania opened up it ruined the Philadelphia market for AC.
That takes gumption, political will and very hard decisions to enact. Casinos hold on there because their businesses can be extremely profitable if it ever turns around.
And yeah, Revel will be bought out for PENNIES on the dollar but I don't know if a major player would be able to risk it without extra conditions from Christie.
-----
You want the truth! You can't handle the truth!
November 12th, 2013 at 2:58:03 PM
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Not to mention stopping the feeding of the feral cats and just moving them around from in front of Revel to in front of Bally's.Quote: boymimboTo rise up to the challenge, you really have to change AC, push out the riff-raff, close out the casinos that are underperforming, change the use of the land to something more attractive and make AC a true destination resort.
November 12th, 2013 at 3:07:13 PM
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"Build it and they won't come." Unfortunately, that's the story of Revel. It did everything wrong at the start and the property just can't rebound in the dying Atlantic City market.
I was just there on a Tuesday late afternoon / early evening and it was a ghost town.
I was just there on a Tuesday late afternoon / early evening and it was a ghost town.
November 12th, 2013 at 3:20:31 PM
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What's the latest on sports wagering in AC? I'm not sure it will make that big a difference in the overall picture but certainly would lure in a certain breed of gambler.
November 12th, 2013 at 3:40:51 PM
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Quote: NokTangWhat's the latest on sports wagering in AC? I'm not sure it will make that big a difference in the overall picture but certainly would lure in a certain breed of gambler.
NJ appealed it with 4 states submitting briefs as its friends as defenders of states rights. It would appear that it will find its way to the Supreme Court. Sports books are not going to save AC though, but it may help on a few big sports weekends a year.
November 12th, 2013 at 4:15:24 PM
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The market needs to be consolidated and quickly too. Too many casinos with too few $$$ to go around. If they don't consolidate then the whole thing will fall in a heap and die.
It seems that casinos all around the country are popping up more and more, even in states that previously only had tribal gaming. This will continue to happen because states are hungry for the tax dollar and will do anything to get it. Pot, casinos, probably prostitution next....who knows.
AC has nothing to offer apart from the ocean and to be fair, most people will rather holiday at other beach resorts that is more family (and safety) friendly.
AC can survivie with 3 to 4 properties MAX, consolidate the other properties and look for things that could draw tourists back, I don't know, big entertainment complexes, movie houses, go carting through the streets of AC......Anything other than what they are doing now.
What a mess and Revel is stuck slap bang in the middle.
It seems that casinos all around the country are popping up more and more, even in states that previously only had tribal gaming. This will continue to happen because states are hungry for the tax dollar and will do anything to get it. Pot, casinos, probably prostitution next....who knows.
AC has nothing to offer apart from the ocean and to be fair, most people will rather holiday at other beach resorts that is more family (and safety) friendly.
AC can survivie with 3 to 4 properties MAX, consolidate the other properties and look for things that could draw tourists back, I don't know, big entertainment complexes, movie houses, go carting through the streets of AC......Anything other than what they are doing now.
What a mess and Revel is stuck slap bang in the middle.
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
November 12th, 2013 at 4:28:38 PM
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A newly AC mayor is a great hope, I believe he is Christie's friend and he replaced real jerk who robbed the town to the bone. AC is a resort place and all casinos are packed during the season, plenty of dough for everyone. The whole place is a hidden jewel yet to be discovered, I am with Christie, when he'll become a president he'll make it a world destination, others are no match, just came from Reno:"dice should be thrown below the sign of table min/ max , it's a joke, they poor like dogs.
November 12th, 2013 at 4:34:29 PM
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Quote: Dicenor33The whole place is a hidden jewel yet to be discovered,.
I'd like to see you say that with a straight face.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
November 12th, 2013 at 4:44:24 PM
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First thing which comes to mind is to relocate Liberty international close to AC with mega mall Garden state type next to it, when you go to Nevada you go to Vegas, AC should be no difference, a whole NJ should mean AC not a state next to Manhattan, if you want to play big you got to play big, Maccau, Vegas, AC nothing in between.
November 12th, 2013 at 5:19:03 PM
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I think you are being hopeful, nothing more. The day that AC and Vegas were mentioned in the same breath are long gone, let alone AC and Macau.
All AC can hope for now is the scraps and the tourists, not enough to make them a market competitor. And even when they bring a whale to town like Don Johnson they lose their shirt........
Stupid is as stupid does im afraid :(
All AC can hope for now is the scraps and the tourists, not enough to make them a market competitor. And even when they bring a whale to town like Don Johnson they lose their shirt........
Stupid is as stupid does im afraid :(
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
November 12th, 2013 at 5:29:38 PM
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I thought Borgata is the most profitable casino in the country, I also saw MGM stock plunge to the ground, I wonder why?
November 12th, 2013 at 5:35:57 PM
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Um, I don't believe borgata is the most profitable casino in the country, I think that honor goes to one of the Tribal spots. I don't however have any hard financial data to back that up.
Wehn did MGM shares fall? they are currently sitting at about $19 a share which is up for the previous 6 months? If anybodies shares have taken a pounding it would have been Caesars as they have lost the Boston market, have a huge amount of debt and they cannot seem to get a foothold in any overseas market which is what most of the other big companies have successfully done.
What do you mean by your statement?
Wehn did MGM shares fall? they are currently sitting at about $19 a share which is up for the previous 6 months? If anybodies shares have taken a pounding it would have been Caesars as they have lost the Boston market, have a huge amount of debt and they cannot seem to get a foothold in any overseas market which is what most of the other big companies have successfully done.
What do you mean by your statement?
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
November 12th, 2013 at 5:46:05 PM
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Quote: TomspurUm, I don't believe borgata is the most profitable casino in the country, I think that honor goes to one of the Tribal spots. I don't however have any hard financial data to back that up.
I think you've hit the nail on the head. Borgata is the most profitable of the casinos that are required to report on their financial performance. That doesn't mean that it isn't utterly dominated by a Tribal casino that doesn't have to report its income publicly.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
November 12th, 2013 at 5:53:51 PM
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The rumors of AC death are slightly exaggerated.
November 12th, 2013 at 6:21:59 PM
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While the patient is not terminal, AC has serious health problems. And it needs more than just a beach for someone to drive from Philly or New York to gamble in AC. The days of open the doors and let the suckers in are long gone !
Shed not for her
the bitter tear
Nor give the heart
to vain regret
Tis but the casket
that lies here,
The gem that filled it
Sparkles yet
December 22nd, 2013 at 5:59:42 PM
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Atlantic City is horrible at marketing. I really never knew anything about it before being on the forums. If people ever mentioned it in conversations, I just kind of ignored them like they were talking about a foreign country I knew nothing about or how to get there.
Beyond marketing, I would build a greenhouse over the boardwalk in cold months and legalize prostitution by licensing escorts to go into the rooms. Vegas has it essentially and people go crazy already with backpage, eros guide country wide. Wild ideas and unrealistic, but they would turn it around.
Beyond marketing, I would build a greenhouse over the boardwalk in cold months and legalize prostitution by licensing escorts to go into the rooms. Vegas has it essentially and people go crazy already with backpage, eros guide country wide. Wild ideas and unrealistic, but they would turn it around.
I am a robot.
December 22nd, 2013 at 6:18:05 PM
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Quote: onenickelmiracleAtlantic City is horrible at marketing. I really never knew anything about it before being on the forums. If people ever mentioned it in conversations, I just kind of ignored them like they were talking about a foreign country I knew nothing about or how to get there.
Beyond marketing, I would build a greenhouse over the boardwalk in cold months and legalize prostitution by licensing escorts to go into the rooms. Vegas has it essentially and people go crazy already with backpage, eros guide country wide. Wild ideas and unrealistic, but they would turn it around.
They are already everywhere in AC, but they dont look like the ones in Vegas. There was an HBO Documentary on AC Hookers about 10 years ago. I believe most are still on the streets there, if alive.
December 22nd, 2013 at 6:36:37 PM
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What's the verdict on the smoking policy? They were originally smoke-free, now they're smoke-friendly. Which policy was better for business?
"Scientists tell us that the fastest animal on earth, with a top speed of 120 feet per second, is a cow that has been dropped out of a helicopter."
December 22nd, 2013 at 6:42:07 PM
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No debate on that one based on the history of an immediate effect on business.Quote: gpac1377What's the verdict on the smoking policy? They were originally smoke-free, now they're smoke-friendly. Which policy was better for business?
I am a robot.
December 22nd, 2013 at 7:51:33 PM
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Revel is still smoke-free because no one is ever in there.
December 22nd, 2013 at 8:15:36 PM
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Wow just saw a bit of it on Youtube. Im surprised they make what they make with what they actually have. Outrageous and obscene for what I considered trash. I didn't see any girls anywhere hooking when I was in town, but not looking and wouldn't know if I saw one. Christie would need to import some suburban hoes for the men to fly in to gamble.Quote: BozThey are already everywhere in AC, but they dont look like the ones in Vegas. There was an HBO Documentary on AC Hookers about 10 years ago. I believe most are still on the streets there, if alive.
I am a robot.
December 22nd, 2013 at 10:09:52 PM
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Quote: gpac1377What's the verdict on the smoking policy? They were originally smoke-free, now they're smoke-friendly. Which policy was better for business?
I think being smoke free is what killed them. I predicted
it would before they ever opened. I just read another
long article that says AC and Vegas are doomed anyway,
smoke free or not.
"It's not called gambling if the math is on your side."
December 22nd, 2013 at 10:22:45 PM
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revel was packed when it opened. people knew it was smoke-free going in, and still came.
revel's mismanagement of almost every other thing in the business is what caused its failure -- along with the shrinking pie across the board for AC and the increased competition from NY, CT, PA, DE, MD, WV, etc.
smoking had nothing to do with it.
revel's mismanagement of almost every other thing in the business is what caused its failure -- along with the shrinking pie across the board for AC and the increased competition from NY, CT, PA, DE, MD, WV, etc.
smoking had nothing to do with it.
