Since the next two months of 2013 involve comparisons to Hurricane Sandy, they won’t really count as measurements of Atlantic City‘s 
financial health. So here’s a last look-in for a while now. The market as a whole dropped 13% with Borgata, at -6.5%, splitting the difference. Table game revenue dropped 19% while slot win was 11% down, on substantially lower drop and coin-in. With the exception of table hold, Borgata outperformed the market in every single metric of importance.
The Atlantic Club Hotel eked out a small increase (4%) and was the sole casino to do so. A 28% plunge at low-grossing Trump Plaza wasn’t a surprise but a 28.5% dive at Caesars Atlantic City certainly was. This nearly $10 million dropoff surrendered second place to Harrah’s Atlantic City ($29.5 million vs. 
$23.8 million). After two months of gains, Revel dropped 12% and, at -3%, Resorts Atlantic City came closest to holding its own — other than Atlantic Club, that is. Bally’s Wild Wild West (-18%) and Trump Taj Mahal (-19%) were the other major decliners of note, although Caesars Entertainment had an unexpectedly rough month all around.
Silver linings included a 10% increase in table revenue at Revel and Borgata exceeding Deutsche Bank‘s projections for the third quarter. Even so, Internet gambling can’t come to the Boardwalk soon enough.
Those are some pretty alarming numbers from the Boardwalk. September should have been a good month and at that, the weather was picture perfect in the NE. They have absolutely nothing to blame this on other than the competition continuing to eat their lunch. Oh and a city that still largely looks and feels like crap. And I LOVE A.C!
The CET places in AC are falling apart! Bally’s is half closed. Next time you leave Showboat parking garage, look up, and hope a piece of concrete doesn’t fall on your car, lol. No one likes a dumpy run-down casino. Without updates, revenue will keep falling. A.C.’s biggest problem is the airport. Get a major airline and some flights!