Revel Changes course already
Quote: hook3670I just read that the Revel casino in Atlantic City, which was not going to cater to gamblers but have more of a resort plan with amazing restaurants and clubs, has already changed course.
That statement always sounds like an excuse, more than a strategy. A properly functioning casino is much more profitable than any restaurant or bar.
And you also want to have Casinos and Resorts ... in a town that has nutcases being shipped into it?
there's an old saying: pics or it didn't happen.
Quote: hook3670DJ it is now actually on their website. http://www.revelresorts.com/revelcardpromo. I believe this is the link(sorry I am not sure how to make it so you can just click on it).
Revel's New Program
I will confirm that this is a new page. I made a comment recently how you couldn't even find any information about their player's club card on their website. Hopefully, they aren't too late to the game. They may have already upset some gamblers who won't return regardless.
I SHOULD be going the second week of June, and I'm Diamond with Harrah's so I'll check out the new program and update you here.
Keep in mind that the official Grand Opening is this weekend.
Consider this just another of the tweaks performed as a result of the customer reactions since the soft opening.
As for the stabbings mentioned in this thread, yes, did happen this past Monday morning:
http://www.pressofatlanticcity.com/communities/atlantic-city_pleasantville_brigantine/woman-charged-with-two-atlantic-city-slayings-had-history-of/article_b009679e-a427-11e1-a010-0019bb2963f4.html
On Pacific Ave. right near the hospital and Bally's. Cop saw it going down and pulled his gun on the woman but it was already too late for them. This was just some random attack/robbery by some crazy homeless woman from Philly (no one is sure how she ended up in AC). Of course the perception is this is another example of how unsafe AC is, when the reality is that this type of thing could happen anywhere. The cop was on it in 13 seconds, there is only so much you can do.
Also I can vouch for the articles describing towns bussing their homeless to AC. The Press of AC (which is my local rag) has had several articles on this over the years.
Quote: DJTeddyBearKeep in mind that the official Grand Opening is this weekend.
Consider this just another of the tweaks performed as a result of the customer reactions since the soft opening.
I did keep that in mind in my previous post, but Revel was pretty adamant about being a resort first and casino second, so this "reaction" seems to be more spontaneous. They realized they can't win in AC unless they are a casino, and you don't get a loyal customer by offering great views and no comps.
I think it'll be sooner than that.
http://www.nj.com/atlantic/
Draw your own conclusions.
Quote: FleaStiffWhat struck me as significant was a line near the end of the article that stated other counties in NJ were busing in their welfare and deranged clients.
And you also want to have Casinos and Resorts ... in a town that has nutcases being shipped into it?
what do u mean other counties in Nj are shipping their welfare and deranged clients to atlantic city?
and why hasnt atlantic city pushed back?
Quote: TiltpoulI did keep that in mind in my previous post, but Revel was pretty adamant about being a resort first and casino second, so this "reaction" seems to be more spontaneous. They realized they can't win in AC unless they are a casino, and you don't get a loyal customer by offering great views and no comps.
I wonder where you draw the line between casino and resort.
Borgata gives away over 70% of the non-gamin revenue in promotional allowances.
Tropicana gives away over 90% of the non-gamin revenue in promotional allowances.
I assume that Tropicana is more casino than resort. Is Borgota? what is the definition? Maybe the non-gaming revenue must be greater than gaming revenue.
| 1st quarter 2012 | Borgata | Tropicana |
|---|---|---|
| Revenue Casino | $155,453 | $57,944 |
| Revenue Non-gaming | $71,981 | $23,984 |
| Promotional Allowances | $51,283 | $22,035 |
Even if Revel is mostly resort, I would still think they want a higher gaming revenue than Tropicana or Showboat next door.
across the street from Ballys is the reason I don't
go to AC. Its not a safe place, and thats putting
it mildly.
Hide out at Borgata if you are scared of going to AC. Its pretty safe there, you don't need to drive or walk through any neighborhoods. Straight off the parkway, through the tunnel/AC Connector, right into the Borgata garage. You don't need to set a foot on the street or boardwalk.
Sorry this was some insomnia induced net surfing and I didn't "take a picture" of the article. The details about any such program hardly matter... its the public perception of such a program juxtaposed with a chamber of commerce that is trying to run a resort town full of casinos and boardwalks.Quote: 100xOddswhat do u mean other counties in Nj are shipping their welfare and deranged clients to atlantic city?
and why hasnt atlantic city pushed back?
Yes, you can have nutcases anywhere but its hard to have a program that concentrates them near the tourist destinations.
Quote: pacomartinI wonder where you draw the line between casino and resort.
Borgata gives away over 70% of the non-gamin revenue in promotional allowances.
Tropicana gives away over 90% of the non-gamin revenue in promotional allowances.
I assume that Tropicana is more casino than resort. Is Borgota? what is the definition? Maybe the non-gaming revenue must be greater than gaming revenue.
1st quarter 2012 Borgata Tropicana Revenue Casino $155,453 $57,944 Revenue Non-gaming $71,981 $23,984 Promotional Allowances $51,283 $22,035
Even if Revel is mostly resort, I would still think they want a higher gaming revenue than Tropicana or Showboat next door.
Are those numbers from Tropicana drawn on the high roller payback on Blackjack? If that's the case, then it stands to reason that Tropicana isn't making much money on the casino... however, the REVENUE generated is still more important to the casino than the resort dollars. Further, I imagine (though don't know for certain) that tax dollars are taken from the profit, not the revenue. If you pay more back, you pay less in taxes. In a progressive system, you might be better off to pay out 5% more in promotional allowances.
Also, do promotional allowances count the dollars spent on comped rooms, which are inflated at both properties (Borgata rightfully so, Tropicana not so much)? A lot of casinos charge the tax on the room to the player, so even then the only loss is if they could have sold the room, which might be difficult.
Regardless, Revel wanted to be "different" and learned much too quickly that you can't change the system.
Quote: Tiltpoul
Are those numbers from Tropicana drawn on the high roller payback on Blackjack? If that's the case, then it stands to reason that Tropicana isn't making much money on the casino... however, the REVENUE generated is still more important to the casino than the resort dollars. Further, I imagine (though don't know for certain) that tax dollars are taken from the profit, not the revenue. If you pay more back, you pay less in taxes. In a progressive system, you might be better off to pay out 5% more in promotional allowances.
Also, do promotional allowances count the dollars spent on comped rooms, which are inflated at both properties (Borgata rightfully so, Tropicana not so much)? A lot of casinos charge the tax on the room to the player, so even then the only loss is if they could have sold the room, which might be difficult.
Regardless, Revel wanted to be "different" and learned much too quickly that you can't change the system.
Tropicana comps 42.0% of their rooms for an average of $68.35 per night
Borgata comps 55.2% of their rooms for an average of $119.10 per night
These are not the "costs" associated with the comps. They just get to write that much off on their income. Borgata estimates the "cost" for each comped room night is $37.81.
Income taxes are paid on income, but gaming taxes are paid on raw income. You are correct that most AC casinos (except Borgata) do not want to show a profit on non-gaming income.
April 2012 table games
Revel 's win was $3,477,143 on a drop of $29,890,488 for a win percent of 11.6%
Showboat 's win was $3,399,246 on a drop of $24,970,651 for a win percent of 13.6%
Tropicana 's win was $8,725,216 on a drop of $40,511,089 for a win percent of 21.5%
Borgata 's win was $13,530,319 on a drop of $ 110,223,961 for a win percent of 12.3%
So Revel barely outearned showboat in table games, and Borgota made $2,169,877 in poker, compared to Revel's $228,358.
I am beginning to wonder if Showboat (next door to Revel) is going to be the big winner here.
Quote: pacomartinI am beginning to wonder if Showboat (next door to Revel) is going to be the big winner here.
That's what I've said all along. I believe that CET will try to use the growing revenue from increased traffic to leverage the property as a potential sell. They aren't going to sell Harrah's or Caesars and Bally's is too connected to Caesars to sell the property. Showboat doesn't really fit in the Caesars model anymore, and it's only offerings to the AC market are a surplus of rooms and House of Blues, neither of which CET needs to succeed(?) in the market.
Although it would take an extensive remodel, and I'm not sure they have the cash right now, I believe that Penn National could make an offer to get into the market. The location would be perfect for their Hollywood Casino brand and the larger hotel and casino is more attractive than Trump Plaza (for them).
Quote: FleaStiffAs I recall two tourists were recently stabbed on the boardwalk by some woman to whom they would not give money. If I recall correctly the two women tourists died. The details are not really important. What struck me as significant was a line near the end of the article that stated other counties in NJ were busing in their welfare and deranged clients.
The homeless mentally ill woman is from Philadelphia. The attack occurred at the busy corner of Michigan and Pacific in broad daylight, a block from the Atlantic, and the site of the entrance to the basically walled-off Wild Wild West casino. A police officer stationed there watched the attacks for 13 seconds before capturing the assailant, who right away sought her public defender.
Quote: cpm57Cop saw it going down and pulled his gun on the woman but it was already too late for them. This was just some random attack/robbery by some crazy homeless woman from Philly (no one is sure how she ended up in AC). Of course the perception is this is another example of how unsafe AC is, when the reality is that this type of thing could happen anywhere. The cop was on it in 13 seconds, there is only so much you can do.
The state police that Christie and the CRDA promised a year ago draw and fire their weapons faster than in 13 seconds.
Quote: SanchoPanzaThe homeless mentally ill woman is from Philadelphia.
You're the 3rd person to mention she was from
Philly, like that makes a difference somehow.
Quote: EvenBobYou're the 3rd person to mention she was from
Philly, like that makes a difference somehow.
Sorry for the repetition, but it was in response to the comments about other NJ counties' busing in handicapped people. As for that comment, something along those lines appeared entirely without any foundation in the comments section at the end of one of the AC Press articles on the crime.
Quote: SanchoPanzasomething along those lines appeared entirely without any foundation in the comments section at the end of one of the AC Press articles on the crime.
I can see criminals being drawn to AC from Philly and
NYC, easy pickings with all the tourists.
You don't think smaller cities have their share of criminals that might be tempted by the "easy pickins" ?Quote: EvenBobI can see criminals being drawn to AC from Philly and
NYC, easy pickings with all the tourists.
Quote: DJTeddyBearYou don't think smaller cities have their share of criminals that might be tempted by the "easy pickins" ?
No other city has the rep for crime in the casino areas
like AC does. I've been hearing about it for 20 years.
Not even Detroit has a rep like AC.
Violent crime rate higher in Atlantic City than in other casino cities
Crime Rates for AC - Neighborhood Scout
Atlantic City Crime Rate Report - City Rating
Crime in Atlantic City, New Jersey (NJ) - City Data
You completely missed my point.Quote: EvenBobNo other city has the rep for crime in the casino areasQuote: DJTeddyBearYou don't think smaller cities have their share of criminals that might be tempted by the "easy pickins" ?Quote: EvenBobI can see criminals being drawn to AC from Philly and
NYC, easy pickings with all the tourists.
like AC does. I've been hearing about it for 20 years.
Not even Detroit has a rep like AC.
I meant that there are plenty of cities and towns, both inside and outside of NJ, from which criminals might head to AC for the "easy pickins".
Quote: WongBoi hate to do this to AC, cause i do love it, but:
Crime rates in Chester PA are much worse. The murder rate of 64.3/hundred thousand people in 2010 is higher than Detroit (73.4 per hundred thousand in 2007).
Quote: pacomartinThe murder rate of 64.3/hundred thousand people in 2010 is higher than Detroit (73.4 per hundred thousand in 2007).
I don't understand that. Did you say 64.3 is higher than 73.4?
Four murders . One local radio host ( lady , age 47 ) murdered in her home in Lindwood NJ within thevery close proximity of AC. Two murders in broad daylight in one day , the next day another stabbing again in broad daylight .
I normally don`t believe in statistics (hey are the worst kind of lies)but those are based on hard and substantiated facts.
Nuff said.
WASHOO2
Quote: DocI don't understand that. Did you say 64.3 is higher than 73.4?
Sorry
Chester's rate is 64.3 in 2010, and was 73.4 in 2007.
Both numbers are higher than Detroit which is around 21 per 100K. Strictly speaking, the FBI doesn't like to compare crime rates of small cities with large ones, because a murder spree in a small city can skew the statistics. But by any measure Chester City is one of the most violent places in America.
