July in A.C.: Borgata, Revel triumphant; Cosmo: The right amount of ‘Why?’

Last month was good for Atlantic City in the sense that revenue was only 4% off last year’s pace. The upper-tier properties fared exceptionally, with Borgata ascending 19%, driven by a two-third increase in table win, and Revel, fueled by its “You Can’t Lose” promotion, up 33%. At $23 million, Revel was firmly in the middle of the pack, no longer helping to bring up the rear. It’s obviously not impinging on Revel’s business, but some of the middle-market properties were hurt, particularly Tropicana Atlantic City (-26%), Showboat (-19%), Bally’s Wild Wild West (-14%, right) and Harrah’s Marina (-11%). Resorts Atlantic City actually posted a 6% increase, besting all the other middle- and low-end casinos. And would the last person to leave Trump Plaza (-25%, $8 million) please turn off the lights?

Cosmo query: We’ve received a Question of the Day submission about the poor performance of the Cosmopolitan‘s casino floor, so I’m throwing it open to you. Have you played at The Cosmo once, maybe twice but never again? If so, why? Thanks for any insights you care to lend.

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