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Old 03-23-2010, 05:49 PM   #126
runLOLArun
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by The Hands View Post
Are you kidding?

Borgata, which most regard as the best casino/hotel in AC, has been giving away rooms FOR FREE mid-week to any one who has a Borgata Red Card. I had some minor slot play two years ago and I am getting this offer. That offer is proof AC is in deep trouble even before these Philly casinos are up and running.
Did I say mid-week or weekend? Big difference imo
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Old 03-23-2010, 05:51 PM   #127
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Re: AC need not worry about Philly/PA casinos

Being unable to fill rooms and attract people mid-week can be a killer. Do you think their operating costs are much less mid-week?

The only way that could work is if they just closed mid-week and were open only on the weekends.
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Old 03-23-2010, 05:57 PM   #128
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by The Hands View Post
Are you kidding?

Borgata, which most regard as the best casino/hotel in AC, has been giving away rooms FOR FREE mid-week to any one who has a Borgata Red Card. I had some minor slot play two years ago and I am getting this offer. That offer is proof AC is in deep trouble even before these Philly casinos are up and running.
They've been doing that since the day they opened. Borg is doing fine.
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Old 03-23-2010, 06:43 PM   #129
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by TheTalkingMule View Post
They've been doing that since the day they opened. Borg is doing fine.
I guess that depends on your definition of "fine." Is it still profitable? Yes. Does the future look bright? Take a look:

Borgata Casino Win <-- Win = Revenue (NOT Profit)
Feb 2007: $58.9 million ($34.4 slots, $22.4 tables, $2.1 poker)
Feb 2008: $60.9 million ($34.7 slots, $24.0 tables, $2.2 poker)
Feb 2009: $57.3 million ($33.4 slots, $22.0 tables, $2.0 poker)
Feb 2010: $45.5 million ($30.0 slots, $13.8 tables, $1.7 poker)

Then again, it could be worse. AC Hilton's gaming revenue was $24.7 million in Feb 2006. In Feb 2010 it was $11.2 million. Resorts dropped from $22.0 million to $10.8 during that same time. Taj dropped from $39.3 million two years ago to $28.3 this year.

Again, all this data is publicly available here:
http://www.state.nj.us/casinos/financia/mthrev/

Last edited by ExactaBox; 03-23-2010 at 06:44 PM. Reason: fixed error in 2010 table games revenue
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Old 03-23-2010, 07:54 PM   #130
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by BBMW View Post
Think what kind of mint a casino in Jersey City would be?
Oh man, that would be so ****ing awesome.
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Old 03-23-2010, 09:15 PM   #131
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Re: AC need not worry about Philly/PA casinos

Atlantic City was very crowded this past weekend. Between Beer Fest, Carrie Underwood and Alicia Keys, plenty of people were in town and the Taj was packed with people. IMO this is one of the things they need to do...keep the big events coming that will draw large crowds to the city. Mid-week will always be tougher due to people working.
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Old 03-23-2010, 10:03 PM   #132
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by ExactaBox View Post
I guess that depends on your definition of "fine." Is it still profitable? Yes. Does the future look bright? Take a look:

Borgata Casino Win <-- Win = Revenue (NOT Profit)
Feb 2007: $58.9 million ($34.4 slots, $22.4 tables, $2.1 poker)
Feb 2008: $60.9 million ($34.7 slots, $24.0 tables, $2.2 poker)
Feb 2009: $57.3 million ($33.4 slots, $22.0 tables, $2.0 poker)
Feb 2010: $45.5 million ($30.0 slots, $13.8 tables, $1.7 poker)

Then again, it could be worse. AC Hilton's gaming revenue was $24.7 million in Feb 2006. In Feb 2010 it was $11.2 million. Resorts dropped from $22.0 million to $10.8 during that same time. Taj dropped from $39.3 million two years ago to $28.3 this year.

Again, all this data is publicly available here:
http://www.state.nj.us/casinos/financia/mthrev/
Don't forget the blizzards we had in February.

Stan
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Old 03-25-2010, 10:15 PM   #133
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by Ruler of the East View Post
Example

If you won say $50,000 on your Black Jack table on saturday night. You would have to give the state $4,000 in taxes. In regards to your budget for saturday night it would look something like this.

Win $50,000
Taxes ($4,000)
Payroll ($850)
Comps ($1,000)
Other related costs such as lights, and other overhead ($2,000)
Bottom Line $42,150

Stan
How can I get a Black Jack table to operate? $42,150 in one night, sounds great to me.

Lee
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Old 03-25-2010, 10:20 PM   #134
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by Anton4 View Post
Atlantic City was very crowded this past weekend. Between Beer Fest, Carrie Underwood and Alicia Keys, plenty of people were in town and the Taj was packed with people. IMO this is one of the things they need to do...keep the big events coming that will draw large crowds to the city. Mid-week will always be tougher due to people working.
One HUGE difference between Las Vegas (just came back from my first trip there) and Atlantic City is all the entertainment options that are available in Vegas. Lots of shows - including some great free ones (Bellagio's fountain, Treasurer Island's Siren show, the Volcano in front of Mirage, etc.) as well as ones that are paid for - and which often run 7 days a week.

In short, there are always options other than gambling. In addition, restaurants are open for much longer periods of time - not just the 5:30 to 9 or so that I usually see in Atlantic City.

I think that AC needs to work on this. Give people reasons to stick around. Give couples, especially those where 1 person doesn't like to gamble, reasons to come into town and spend money. Not just the clubs for the 20-somethings, but stuff for us older folk as well.

Lee
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Old 03-26-2010, 04:49 PM   #135
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Re: AC need not worry about Philly/PA casinos

Quote:
Originally Posted by ExactaBox View Post
I guess that depends on your definition of "fine." Is it still profitable? Yes. Does the future look bright? Take a look:

Borgata Casino Win <-- Win = Revenue (NOT Profit)
Feb 2007: $58.9 million ($34.4 slots, $22.4 tables, $2.1 poker)
Feb 2008: $60.9 million ($34.7 slots, $24.0 tables, $2.2 poker)
Feb 2009: $57.3 million ($33.4 slots, $22.0 tables, $2.0 poker)
Feb 2010: $45.5 million ($30.0 slots, $13.8 tables, $1.7 poker)

Then again, it could be worse. AC Hilton's gaming revenue was $24.7 million in Feb 2006. In Feb 2010 it was $11.2 million. Resorts dropped from $22.0 million to $10.8 during that same time. Taj dropped from $39.3 million two years ago to $28.3 this year.

Again, all this data is publicly available here:
http://www.state.nj.us/casinos/financia/mthrev/
Every entertainment industry company's numbers look like that. Read the paper. There's a ****storm out there. In another two years this will be just a blip in the past.
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Old 03-30-2010, 01:50 PM   #136
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by Gydyon View Post
Only one problem. Well, two -- Parx's application did not include any poker tables, and Harrahs hasn't even applied yet.

http://www.pgcb.state.pa.us/?p=170
Found out at a Harrah's Chester job fair that they will have a poker room with 25 tables.
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Old 03-30-2010, 07:26 PM   #137
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Re: AC need not worry about Philly/PA casinos

25 tables is close to what Showboat AC has, right?

Edit:

Quote:
House of Blues Poker Room Relocation
New location, same great experience!

We are excited to announce that the Poker Room has relocated from the second level to the first level near the Boardwalk entrance. The new Poker Room relocation has an expanded area of play including 28 gaming tables, thirteen 42" plasma televisions, and easy access to the Spirit Bar, casino cashier and the restrooms.
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Old 03-30-2010, 07:47 PM   #138
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Re: AC need not worry about Philly/PA casinos

Looking like Harrah's Chester may be the poker center of Philadelphia for the first couple years anyway. Poker related updates for Foxwoods/Wynn and Sugarhouse...

Wynn makes his Foxwoods pitch
Quote:
Wynn would like to open with 3,000 slots, five to six dozen table games and poker facilities.
Sounds good I guess.

SugarHouse Casino has officially asked the state gaming control board for permission to operate table games

Quote:
SugarHouse Casino Thursday petitioned the state gaming control board for permission to operate table games at its Delaware Avenue casino, which is slated to open in August.

The petition seeks authorization for 42 tables - a combination of blackjack, craps, roulette, Texas Hold’em and other popular games. With the board's approval, these tables will be added to the slots machines, a restaurant and lounge with outdoor seating overlooking the Delaware, and several casino bars.
That sounds a lot like the stupid carnival game version, not actual poker.
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Old 04-07-2010, 03:59 PM   #139
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Re: AC need not worry about Philly/PA casinos

According to the PA Gaming Control Board, the following casinos have officially been approved for 12 poker tables each:

Sands Casino Resort Bethlehem
Mount Airy Casino Resort
Hollywood Casino at Penn National
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Old 04-07-2010, 05:12 PM   #140
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Re: AC need not worry about Philly/PA casinos

Couple of my friends got calls back from Harrah's Chester this week after interviewing and testing for dealer jobs, so it looks like they're almost done the hiring process for their room(rumored to be 25 tables).
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Old 04-08-2010, 04:47 PM   #141
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Re: AC need not worry about Philly/PA casinos

Wynn pulls out of Foxwoods deal

By Jennifer Lin

INQUIRER STAFF WRITER

Wynn Resorts, Limited said today it is pulling out of all agreements and negotiations with respect to the Foxwoods Casino in South Philadelphia.

"We are fascinated by the legalization of full gaming in Pennsylvania and stimulated by the opportunity that it presents for Wynn Resorts, but this particular project did not, in the end, present an opportunity that was appropriate for our company," commented Stephen A. Wynn, Chairman and CEO of Wynn Resorts, Limited.
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Old 04-08-2010, 04:51 PM   #142
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Re: AC need not worry about Philly/PA casinos

yeah cuz of all the asians bitchen and moanin about it. that casino shoulda been built 2 years ago. i can't wait to play at harrahs chester, it'll save me so much gas money and time.
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Old 04-09-2010, 10:46 AM   #143
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Re: AC need not worry about Philly/PA casinos

http://www.philly.com/philly/blogs/c..._together.html

"Wynn and Revel: Perfect together?

Gaming tycoon Steve Wynn's rejection of the Foxwoods project could signal the stars may be aligning to rescue Atlantic City's largest-ever casino construction project.

Fox29 is reporting this morning that Tuesday, Wynn toured the partially built Revel casino-hotel complex on the Boardwalk adjacent to the Showboat, just days after Wall Street giant Morgan Stanley announced it was selling its stake in the half-built mega-resort--and expected to do so at a huge discount."

Yes, all of the news from Philly says that the Foxwoods project is dead. And there is more than one report that Wynn is headed to AC to buy the Revel.

The other casinos in AC just felt winter chill.
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Old 04-10-2010, 01:42 AM   #144
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Re: AC need not worry about Philly/PA casinos

Why should anyone believe Steve Wynn? Afterall, this is the man who on Monday was showing off the drawings for a Philly casino and saying how great it was going to be, and then three days later backed out of the deal.

I have no idea what he is or isn't thinking, but especially given that he may well have some of the same or similar Macau issues that MGM has, I'm not even sure that he could get a license in AC.

Basically, why would/should he be trusted to complete the Revel?

Lee
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Old 04-10-2010, 02:37 AM   #145
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Re: AC need not worry about Philly/PA casinos

Here's my theory. He's not sure if the Foxwoods casino would be a hit and prefers not to be one of the firsts in Philadelphia. When he heard about the deal with Revel he jumped ship and is thinking about Revel. The reason he is going with Revel instead of Foxwoods is because he sees Borgata's increased profit from last year and wants to open a casino to compete...or something like that. What do you guys think?
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Old 04-10-2010, 08:57 AM   #146
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Re: AC need not worry about Philly/PA casinos

"Resorts Atlantic City, which in a tax filing earlier this week said it could not guarantee it will be able to survive, was down by 13.9 percent. The Atlantic City Hilton, which stopped paying its mortgage last July, was down 11.9 percent."

This would not be happening without Pa slots.

Otherwise, the casinos are stabilizing,for the most part.

"The Tropicana Casino and Resort, which was sold out of bankruptcy court last month to billionaire investor Carl Icahn, was down less than 1 percent.

The traditional market leader, the Borgata Hotel Casino & Spa was down 1.6 percent.

Bally's Atlantic City was down 3.1 percent; Caesars Atlantic City was down 3.2 percent, and Trump Marina Hotel Casino was down 4.0 percent. The Showboat Casino Hotel was down 4.2 percent, Trump Plaza Hotel and Casino was down 6.5 percent, and the Trump Taj Mahal Casino Resort saw the biggest decline, 21.6 percent."

http://www.courierpostonline.com/art...NEWS01/4100358
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Old 04-14-2010, 10:46 AM   #147
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Re: AC need not worry about Philly/PA casinos

AC is a beach resort location, it will never disappear. who can compete with the ocean? the casinos however, will suffer immensely from the competition in ALL surrounding states. they are so over populated with casinos its sick. im sure the taj, borgata, and some harrahs will always be there, but overall....philly will almost single-handedly shut AC down tho
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Old 05-05-2010, 10:13 AM   #148
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by mi$ter ILL View Post
i live literally 5 minutes from where sugar house will be (if it ever opens). i'll definitely play there a lot assuming the games are good, rake isnt crazy, etc.

every time im in ac these days, everybody im playing with is talking about how they cant wait for the PA casinos to open up and start poker rooms, and that as soon as that happens ac can basically suck it.

for me personally, comp rooms will keep me going up to ac for as many nights a month as i have free rooms. i enjoy the escape; feels like a vacation.

The appeal for Atlantic City is gambling and the beach. A nice fat % of people who go to AC come from PA. If there is gambling local, then why would we drive all the way to AC for a ****ty beach? Free rooms? Perhaps. And the hands down best AC casino resort isn't even on the beach (Borgata).

PA gambling is making a nice dent in AC gambling revenues, as well as the local AC economy.

Poker in PA? No more AC for me.
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Old 05-05-2010, 08:45 PM   #149
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Re: AC need not worry about Philly/PA casinos

Tend to agree that with DE, PA and eastern WV all in launch mode, the AC market will be affected. Hard to fight the end of a geographic monopoly.

However...., here's a couple potential positives for AC; first, all the new outlets will probably bring in many new players. Some of them will want to play AC and try well known rooms like the Borg and Taj. Secondly, we're already hearing some of the new rooms are planning to charge up to $6+1(bad beat) up to 10%. AC may shine to some extent by executing better and competing favorably on cost/rake.

The Venetian in Vegas has emerged as the top/near top room in Vegas by being treating their players with more respect/care than the former top dog room/s and being very competitive on some of the rakes ($2-3 on some games sometimes). Maybe some of the 2nd tier AC rooms will try harder. IMO if they don't they'll be the first to go.

Hopefully the bigger player pool and competition for AC will be a positive all around.

Last edited by borgatabud; 05-05-2010 at 08:53 PM.
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Old 05-08-2010, 07:20 PM   #150
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Re: AC need not worry about Philly/PA casinos

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Originally Posted by mixn123 View Post
And the hands down best AC casino resort isn't even on the beach (Borgata).

Poker in PA? No more AC for me.
Also a PA resident and agree with your first observation.
Not sure how poker will play out in PA.
If it's not up to par, I see myself sticking with AC.
I just can't image any PA location coming close to matching the well-run and aesthetically appealing Borgata poker room.
Will be strange sleeping in my own bed at night in PA.
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