Yes, I'm sure there are More people down in AC on the weekend.
Most People work, Right ?? So a weekend Might be packed.
But talking to some of the Pit boses ( 2 at the Trop, & 1 at showboat )
They tell me that even on the weekends, It's nothing like it use to be.
But I think, Nothing at all is like it use to be !
Anyway, there were more people in the Casinos Tonight....but wouldn't sat there was a Crowd.
Walked on the Boardwalk, from the Trop to Showboat ! I'll tell you one thing, That's some walk.
From the Trop to Bally's, most of the small stores along the boardwalk Were fixed up and nice... But from Bally's to the Showboat..80% of them looked like they were ready for the dump.
you were in the wrong spot, right now borg, and harrah's have pretty much taken over ac, i go down every weekend, especially on wed nite harrah's is wall to wall packed because of the pool everyone is there, trop's quarter is busy on the weekend but nothing during the week, and the pier at ceasers has a few nice places on the weekend also :cripwalk:
I'm sure it is....But 4 or 5 Years ago...There was Plenty of People During the Week.
Sh*t, there use to be Buses Loaded with people that were down there.
People loaded in the Horsebooks,Tables, Slots....All on the Weekday !
Another way you can tell they are Hurting...When you drive along the AC Expressway towards the end...in the middle is the Employee Parking Lots.
That was even Empty !!
It's just not the same Anymore.
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/17/AR2010111705073.html
More bad news for 3 struggling AC casinos
By WAYNE PARRY
The Associated Press
Wednesday, November 17, 2010; 4:40 PM
ATLANTIC CITY, N.J. -- Quarterly financial information released Wednesday by New Jersey casino regulators paints a grim picture for Atlantic City's three most endangered casinos.
Financial figures for the third quarter of this year show big losses for the Atlantic City Hilton Casino Resort, which is trying to restructure its debt and hasn't made a loan payment in nearly a year and a half, and the Resorts Atlantic City, which is trying to hold on for three more weeks until new owners take over.
The numbers released by the state Casino Control Commission also show gross operating profits at Trump Marina Hotel Casino fell by more than 96 percent to just $247,000.
The lone ray of sunshine in the report was proof that non-gambling revenues continue to rise at the casinos.
For the first nine months of the year, they were up 9.8 percent, led by a 20.8 percent increase in the amount of cash generated from the sale of hotel rooms.
"While earnings have been hurt by lower gaming revenues, there are clear signs of strength in these results," said Linda Kassekert, the commission's chairwoman. "People are spending more money on rooms, meals and entertainment."
But not enough, apparently. Gross operating profits at the city's 11 casinos fell by 24.3 percent in the third quarter to $209.8 million, compared to $277 million for the same period last year.
Net revenues fell by 7.5 percent for the period to $1.03 billion.
The numbers were particularly ugly for the Hilton, which stopped paying its bank loans in July 2009 and says it has been trying to work out a deal with its lenders since then. As of the end of September, the casino had skipped $39.3 million worth of payments, including interest.
The Hilton reported $4.7 million in gross operating losses in the quarter compared to gross operating profits of $888,000 a year ago.
The news was also bad for Resorts, the nation's first casino to open outside Nevada. It is due to be taken over by Dennis Gomes, a veteran casino industry executive, and New York real estate developer Morris Bailey in early December for the cut-rate price of $35 million - by far the lowest price ever paid for an Atlantic City casino.
Resorts reported a gross operating loss of $2.9 million for the quarter compared to a gross operating profit of $706,000 a year ago.
The new owners are terminating all employees when they take over and requiring anyone who wants to stay to reapply for their jobs, but at lower salaries.
Trump Marina earned just $247,000 in gross operating profits, down 96.2 percent from the same period last year. Its sister property, Trump Plaza Hotel Casino, also saw a big profit plunge, down 85.3 percent to $927,000.
The Borgata Hotel Casino & Spa led the industry with gross operating profits of $55.9 million, a 19.6 percent decrease. Harrah's Resort Atlantic City reported gross operating profits of $45.8 million, a 5.5 percent decline from a year earlier.
Caesars Atlantic City reported $28.9 million in gross operating profits, down 16.4 percent from a year earlier, the Trump Taj Mahal Casino Resort earned $27.7 million in gross operating profits in the quarter, a 20.6 percent decline, and Bally's Atlantic City earned $24.9 million in gross operating profits, 32.2 percent less than in the same period a year ago.
The Showboat Casino Hotel reported $18.8 million in gross operating profits, a decline of 10 percent compared to the same period last year, while the Tropicana Casino and Resort, which just received a new one-year license this month, reported an 18.7 percent decline in gross operating profits to $14.3 million.
Gross operating profit represents earnings before interest, taxes, depreciation, amortization and charges from affiliates.
For the first nine months of the year, gross operating profits for the 11 casinos were down 23.6 percent to $472.5 million.
More bad news for 3 struggling AC casinos
By WAYNE PARRY
The Associated Press
Wednesday, November 17, 2010; 4:40 PM
ATLANTIC CITY, N.J. -- Quarterly financial information released Wednesday by New Jersey casino regulators paints a grim picture for Atlantic City's three most endangered casinos.
Financial figures for the third quarter of this year show big losses for the Atlantic City Hilton Casino Resort, which is trying to restructure its debt and hasn't made a loan payment in nearly a year and a half, and the Resorts Atlantic City, which is trying to hold on for three more weeks until new owners take over.
The numbers released by the state Casino Control Commission also show gross operating profits at Trump Marina Hotel Casino fell by more than 96 percent to just $247,000.
The lone ray of sunshine in the report was proof that non-gambling revenues continue to rise at the casinos.
For the first nine months of the year, they were up 9.8 percent, led by a 20.8 percent increase in the amount of cash generated from the sale of hotel rooms.
"While earnings have been hurt by lower gaming revenues, there are clear signs of strength in these results," said Linda Kassekert, the commission's chairwoman. "People are spending more money on rooms, meals and entertainment."
But not enough, apparently. Gross operating profits at the city's 11 casinos fell by 24.3 percent in the third quarter to $209.8 million, compared to $277 million for the same period last year.
Net revenues fell by 7.5 percent for the period to $1.03 billion.
The numbers were particularly ugly for the Hilton, which stopped paying its bank loans in July 2009 and says it has been trying to work out a deal with its lenders since then. As of the end of September, the casino had skipped $39.3 million worth of payments, including interest.
The Hilton reported $4.7 million in gross operating losses in the quarter compared to gross operating profits of $888,000 a year ago.
The news was also bad for Resorts, the nation's first casino to open outside Nevada. It is due to be taken over by Dennis Gomes, a veteran casino industry executive, and New York real estate developer Morris Bailey in early December for the cut-rate price of $35 million - by far the lowest price ever paid for an Atlantic City casino.
Resorts reported a gross operating loss of $2.9 million for the quarter compared to a gross operating profit of $706,000 a year ago.
The new owners are terminating all employees when they take over and requiring anyone who wants to stay to reapply for their jobs, but at lower salaries.
Trump Marina earned just $247,000 in gross operating profits, down 96.2 percent from the same period last year. Its sister property, Trump Plaza Hotel Casino, also saw a big profit plunge, down 85.3 percent to $927,000.
The Borgata Hotel Casino & Spa led the industry with gross operating profits of $55.9 million, a 19.6 percent decrease. Harrah's Resort Atlantic City reported gross operating profits of $45.8 million, a 5.5 percent decline from a year earlier.
Caesars Atlantic City reported $28.9 million in gross operating profits, down 16.4 percent from a year earlier, the Trump Taj Mahal Casino Resort earned $27.7 million in gross operating profits in the quarter, a 20.6 percent decline, and Bally's Atlantic City earned $24.9 million in gross operating profits, 32.2 percent less than in the same period a year ago.
The Showboat Casino Hotel reported $18.8 million in gross operating profits, a decline of 10 percent compared to the same period last year, while the Tropicana Casino and Resort, which just received a new one-year license this month, reported an 18.7 percent decline in gross operating profits to $14.3 million.
Gross operating profit represents earnings before interest, taxes, depreciation, amortization and charges from affiliates.
For the first nine months of the year, gross operating profits for the 11 casinos were down 23.6 percent to $472.5 million.
The Hilton which use to be the Golden Nugget Back in the day was the Best in AC.
They had the nicest Casino, with the BEST Entertainment ! Bar None !
Saw Sinatra, sammy, Tony Bennett, Diana Ross just to name a few.
I almost stopped going to AC, starting back in 2002
Use to be there Every Weekend, or sometimes every other weekend.... Now since 2002, Las vegas is 4-6 times a year vs. 1 for AC. and I am only 2-2.5 hour ride from AC.
There's a small chance I might be going to AC for New Years Eve. But other than that...I wouldn't go if you Paid me.
They had the nicest Casino, with the BEST Entertainment ! Bar None !
Saw Sinatra, sammy, Tony Bennett, Diana Ross just to name a few.
I almost stopped going to AC, starting back in 2002
Use to be there Every Weekend, or sometimes every other weekend.... Now since 2002, Las vegas is 4-6 times a year vs. 1 for AC. and I am only 2-2.5 hour ride from AC.
There's a small chance I might be going to AC for New Years Eve. But other than that...I wouldn't go if you Paid me.
Sad report, but I think a good part of this is also what they did to themselves - poor customer service and a poor gamble.
In their effort to make more money they cut back in the wrong places. I can't tell you when the last time I was walking through a casino and saw a hand-pay jackpot hit on a slot.
I'd have to see the hold %, but IMO the best way to get people back is to give them better odds. Put the 6/9 Jacks or Better machines back in for nickle video poker. Get rid of the damn 6/5 odds on black-jack.
Now for customer service. It has to start at the top and the customer needs to be treated like royalty. I remember back when Bellagio opened in Vegas ~ Mr. Wynn put on a suit of armor like an old time knight, so people couldn't see who he was - a disguise of sort. He walked around the casino that night FIRING people who didn't have a smile and their face and who weren't SERVING CUSTOMERS !!!!
Lastly, think about the Borgata and Harrah's ... what did they do different than the other casino's on the boardwalk ~~~~~ they invested back into the building itself. Keep up the building - new rugs, new paint - a good SPA for the wife to want to come to AC so we can gamble while they're being splurged on.
Oh yeah, get sports investing, err, gambling too.
In their effort to make more money they cut back in the wrong places. I can't tell you when the last time I was walking through a casino and saw a hand-pay jackpot hit on a slot.
I'd have to see the hold %, but IMO the best way to get people back is to give them better odds. Put the 6/9 Jacks or Better machines back in for nickle video poker. Get rid of the damn 6/5 odds on black-jack.
Now for customer service. It has to start at the top and the customer needs to be treated like royalty. I remember back when Bellagio opened in Vegas ~ Mr. Wynn put on a suit of armor like an old time knight, so people couldn't see who he was - a disguise of sort. He walked around the casino that night FIRING people who didn't have a smile and their face and who weren't SERVING CUSTOMERS !!!!
Lastly, think about the Borgata and Harrah's ... what did they do different than the other casino's on the boardwalk ~~~~~ they invested back into the building itself. Keep up the building - new rugs, new paint - a good SPA for the wife to want to come to AC so we can gamble while they're being splurged on.
Oh yeah, get sports investing, err, gambling too.
I like AC, and I thought they've made a lot of improvements over the years, especially with clubs and bars.
I also manage to find great restaurants.
Most places don't have a lot of craps tables anymore, so I tend to stay and play at either Caesar's or the Borgata.
I also manage to find great restaurants.
Most places don't have a lot of craps tables anymore, so I tend to stay and play at either Caesar's or the Borgata.
hno:
