http://www.state.nj.us/casinos/home/...12_revenue.pdf

If the "future looks so bright", why couldn't Harrahs dump their Atlantic City casino holdings fast enough? The competition is only going to increase.

What AC properties did Harrah's get rid of? AC is a dump but on a per-square foot basis, it blows Vegas away in terms of profitability. They have about 2/3 of the revenue in less than 1/2 of the properties / square footage.

But AC is still a dump and the casino table games (especially blackjack) are much, much more player friendly in Vegas.

Are you a paid operative for Foxwoods or perhaps Pennsylvania gaming? This is considering you post a similar report about once every three weeks.

Harrah's isn't even trying to dump AC casinos. The whole company is in the process of being bought however.

The only thing making money in AC are the Poker Rooms! A bit of an overstatement but you get my point. lol PA slots have slaughtered AC. When PA wises up and starts spreading poker, look out!

When that happens maybe we'll start getting some favorable tourney fees.

that is all

nothing new to see here. just an ignorant poster who likes to stir trouble without actually engaging in discussion. Like every other thread he has started every 4 weeks in here.

It is miserable reading this post every month or however often. Obviously there is some sort of potential in AC or we wouldnt be seeing the influx of new casinos.

Well said. And every four weeks I ask him to tell me why he thinks he knows more then MGM/Mirage, Revel, etc about the Atlantic City market seeing as they are betting billions on the place. Never responds. We did get that he was an "advantage player" once....lol, a gambler that thinks he knows something because he learned to count cards.

A nobody on an internet board digs up a link to published revenue figures and all of a sudden becomes an expert capable of predicting the demise of a marketplace that multi-billion dollar corporations are investing billions in.....hmm should I bet on the corporations or some guy with such mastery over the English language as "...take pounding..."

A few months ago he captivated us with a headline that the AC slowdown was "Accelerating" but then the following month when the trend gap from prior year closed a bit, no ingenious headline to indicate such.

Clearly has an agenda of some sort and zero credibility. Went as far one time to say his agenda was to be amused by how people defend the casinos, even further indicating what a tool and troll he is.

I guess he is right. I mean, revenues are going down, so I guess I won't go anymore.

Just like clockwork, here you are. Or did you write a script to post random nonsense on this forum every couple of weeks? Go away.

I dont know about harrah's but was speaking to a former Trop employee today and I asked him if he thought that they would fold. He told me that they have a new buyer just about completely lined up.

Yeah...the same folks that own the Hilton and Resorts hotels are putting in a pretty decent offer (from what I've read) to take the Tropicana as well.

That could be interesting, with the Trop and Hilton being all of a block from each other...all they'd need to do is buy out the hotel that used to be a Holiday Inn (and get it a casino license), and they could have their own complex ala Harrah's.

YESSSS!!!!! my monthly pocketpared fix!!!

The one thing I will note that is true from our lovely and hopelessly optimistic (or is that just hopeless) monthly reporter is that the lower-quality casinos are seeing a negative effect from some combination of economic pressures and increased quality competition.

This makes perfect sense - if there are nicer (newer) places to go closer to home for customers - why not go there?

Also very few of the AC casinos have made any effort to brand themselves outside of basic gambling. As we have seen in Las Vegas, casinos have had to brand themselves outside of gaming to differentiate.

My expectation is that casinos (planned and existing) will need to be innovators to survive. They'll have to give us a good reason to come to their property. If they don't, the increased competition causes us to not go there. We'll take our entertainment dollars elsewhere.

I just get a kick out of seeing which clowns rush to the defense of the casinos. That's why I put the monthly report up every three weeks.

What defense of the casinos? Your monthly reports say "AC is going down the tubes". We say no they aren't. Actually, more like "We say no they aren't, you're an idiot."

I am encouraged by the decline in slot revenues and increase in table games revenues. Maybe casinos will start treating poker players better. Especially if the "slots make more money per square foot" argument starts to get eroded.

I don't think AC is in any real trouble with ~$5 billion revenues...

Also, I like the monthly updates because I want to see if the slot revenues keep declining or level off. It seems that half of the decline can be attributed to the closing of the Sands. And if the other half is PA and NY slot parlors, then maybe there won't be any further decline in 2008.

Wow, pretty sad way to "get a kick". I'm actually feeling a little sorry for you.

Anyhow, keep posting 'em and we'll keep pointing out that you lack any creditbility whatsoever.

I'm just curious, when the trend rebounds will you rush to post the results with equally positive thread titles or do you completely lack all integrity?

Most of the PA slot parlors aren't open yet. I don't think they've even begun construction for the two on the Philadelphia waterfront.

thank god you're not my accountant, much less the state of New Jersey's.

Hey man, how's that advantage play going?

Nothing in these reports said AC casinos took huge losses, it just said they made a little less in the way of obscene profits than they did last year. "Take a pounding" in the language used by economists and business types is more than just a little misleading. Funny thing is they probably believe their own rhetoric. Kicks in the nuts for all of 'em. -al

Sounds like trolling to me.

And bad trolling at that. WTF. This isn't even true.

But AC is still a dump and the casino table games (especially blackjack) are much, much more player friendly in Vegas.[/QUOTE]

I refuse to play blackjack in AC with it's 0.44-0.48% typical house edge. Foxwoods or Mohegan Sun offer (last time I checked) blackjack in the 0.28-0.33% house advantage.

I will start to care how much money a casino makes right before I buy one. Then, armed with that information, I will buy the one that makes the most money and will continue to care about how much money it makes until the day I sell it. Then, having divested myself of the ownership interest, I will go back to not caring.

Also....I like chicken.