{"id":13798,"date":"2014-06-12T13:59:05","date_gmt":"2014-06-12T21:59:05","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=13798"},"modified":"2014-06-12T13:59:05","modified_gmt":"2014-06-12T21:59:05","slug":"atlantic-city-online-the-god-that-failed","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/atlantic-city-online-the-god-that-failed\/","title":{"rendered":"Atlantic City online: The god that failed?"},"content":{"rendered":"

May brought bad news from the Boardwalk, where online gambling revenue fell to $10.5 million. (It had been $11.4 million the month before, in itself a decline.) Traditional casinos were off 3% on a same-store basis — i.e., subtracting the defunct Atlantic Club<\/strong> from the comparisons. Slot revenue for the city was up despite lower handle. Poor hold translated into a 24% decline in table revenue, however.<\/p>\n

\"Golden<\/a>Borgata<\/strong> beat the odds, with higher slot handle and table drop. Overall, it was up 5%. Other gainers were the Golden Nugget<\/strong>, up an astonishing 70% for $16 million. Revel<\/strong> was up, too, but not nearly as much as it needed to be: 4%, for $12 million. Much more robust were the numbers at Tropicana Atlantic City<\/strong>, up 21% for $25 million. All the Caesars Entertainment<\/strong> properties posted modest declines (is 11% at Bally’s<\/strong> “modest”?) but Caesars Atlantic City<\/strong> pulled the quartet down with an $18 million month, down 44%.<\/p>\n

Resorts International<\/strong>\u00a0($12 million) had a 5% decline and, as ever, nobody grossed as little as Trump Plaza<\/strong>, scraping together $5.2 million for a 24% drop. Healthier sibling Trump Taj Mahal<\/strong> only slipped 3%, for a gross of $22 million. To the extent that online play is a factor, Borgata has 38% to Caesars’ 27%, Tropicana’s 18% and Trump Entertainment Resorts<\/strong>‘ aggregate 11.5%. When the American casino industry experimented with overseas’ Internet<\/strong>-casino sites, it got its fiscal fingers burned. Could history repeat itself?<\/p>\n","protected":false},"excerpt":{"rendered":"

May brought bad news from the Boardwalk, where online gambling revenue fell to $10.5 million. (It had been $11.4 million the month before, in itself a decline.) Traditional casinos were off 3% on a same-store basis — i.e., subtracting the … 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":[60,7,37,102,157,129,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13798"}],"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=13798"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13798\/revisions"}],"predecessor-version":[{"id":13799,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13798\/revisions\/13799"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=13798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=13798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=13798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}