{"id":11774,"date":"2013-10-10T14:01:22","date_gmt":"2013-10-10T22:01:22","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11774"},"modified":"2013-10-10T14:01:22","modified_gmt":"2013-10-10T22:01:22","slug":"atlantic-city-its-that-time-again","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/atlantic-city-its-that-time-again\/","title":{"rendered":"Atlantic City: It’s that time again"},"content":{"rendered":"

Since the next two months of 2013 involve comparisons to Hurricane Sandy<\/strong>, they won’t really count as measurements of Atlantic City<\/strong>‘s \"Borgata\"<\/a>financial health. So here’s a last look-in for a while now. The market as a whole dropped 13% with Borgata<\/strong>, 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.<\/p>\n

The Atlantic Club Hotel<\/strong> eked out a small increase (4%) and was the sole casino to do so. A 28% plunge at low-grossing Trump Plaza<\/strong> wasn’t a surprise but a 28.5% dive at Caesars Atlantic City<\/strong> certainly was. This nearly $10 million dropoff surrendered second place to Harrah’s Atlantic City<\/strong> ($29.5 million vs. \"Revel.jpg\"<\/a>$23.8 million). After two months of gains, Revel<\/strong> dropped 12% and, at -3%, Resorts Atlantic City<\/strong> came closest to holding its own — other than Atlantic Club, that is. Bally’s Wild Wild West<\/strong> (-18%) and Trump Taj Mahal<\/strong> (-19%) were the other major decliners of note, although Caesars Entertainment<\/strong> had an unexpectedly rough month all around.<\/p>\n

Silver linings included a 10% increase in table revenue at Revel and Borgata exceeding Deutsche Bank<\/strong>‘s projections for the third quarter. Even so, Internet gambling can’t come to the Boardwalk soon enough.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,3,42,7,167,157,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11774"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=11774"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11774\/revisions"}],"predecessor-version":[{"id":11775,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11774\/revisions\/11775"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}