{"id":14327,"date":"2014-08-13T12:21:11","date_gmt":"2014-08-13T20:21:11","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=14327"},"modified":"2014-08-13T12:21:11","modified_gmt":"2014-08-13T20:21:11","slug":"dispatch-from-the-boardwalk","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/dispatch-from-the-boardwalk\/","title":{"rendered":"Dispatch from the Boardwalk"},"content":{"rendered":"<p><a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/08\/Revel_0966.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-14315\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/08\/Revel_0966-300x199.jpg\" alt=\"Revel_0966\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/08\/Revel_0966-300x199.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/08\/Revel_0966-150x99.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/08\/Revel_0966.jpg 620w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>As <strong>Revel<\/strong> informs the bankruptcy court that it&#8217;s dickering with &#8220;potential&#8221; bidders, a new set of gaming numbers rolls in with the tide. Subtracting the <strong>Atlantic Club Hotel<\/strong> from the comparisons, <strong>Atlantic City<\/strong> is down 7% year\/year. Online gaming revenue, up 6% from last month, cushioned the blow to the tune of $10 million. Slot revenue was down 9% on 8% less coin-in (slot hold was steady with last year) and a 17% decline in table play produced 17.5% less revenue.<\/p>\n<p>Despite a microscopic increase in slot revenue, <strong>Borgata<\/strong> ($60 million) was down 6%. Table play was to blame. Although punters played only <!--more-->3.5% less, Borgata was most unlucky, its table revenues down 21%. It also lost market share in online gambling, down to $3.2 million from $3.5 million.<\/p>\n<p><a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/10\/Harrahs-AC_2.jpg\"><img loading=\"lazy\" class=\"alignright size-medium wp-image-7762\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/10\/Harrahs-AC_2-207x300.jpg\" alt=\"Harrahs AC_2\" width=\"207\" height=\"300\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/10\/Harrahs-AC_2-207x300.jpg 207w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/10\/Harrahs-AC_2-103x150.jpg 103w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/10\/Harrahs-AC_2.jpg 692w\" sizes=\"(max-width: 207px) 100vw, 207px\" \/><\/a>A 2% revenue growth at <strong>Harrah&#8217;s Resort<\/strong> ($36 million) wasn&#8217;t enough to stave off a 10% decline at the <strong>Caesars Entertainment<\/strong> quartet. At 27% market share to 32%, however, <strong>Caesars Atlantic City<\/strong> is within striking distance of Borgata for online gaming supremacy. Except for Harrah&#8217;s, players fled Caesars-branded properties <em>en masse<\/em>. <strong>Bally&#8217;s Wild Wild West<\/strong> ($23 million) was -6% but Caesars A.C. ($28 million) was 20% down and doomed <strong>Showboat<\/strong> ($15 million) fell 19%.<\/p>\n<p>Other properties on the death watch suffered. <strong>Trump Plaza<\/strong> ($5.4 million) plunged 34% and Revel ($15 million) plummeted 36%. The contagion even spread to <strong>Trump Taj Mahal<\/strong> ($22 million, -18%). By contrast, business was booming at the <strong>Golden Nugget<\/strong> ($18 million, up 40.5%) and the <strong>Tropicana Atlantic City<\/strong> ($28 million, up 34%). Even <strong>Resorts Atlantic City<\/strong> ($14 million, up 3%) enjoyed a modest gain. If Caesars thought that closing the Atlantic Club would spur a mass enlistment with the toga-clad casinos, it thought wrong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Revel informs the bankruptcy court that it&#8217;s dickering with &#8220;potential&#8221; bidders, a new set of gaming numbers rolls in with the tide. Subtracting the Atlantic Club Hotel from the comparisons, Atlantic City is down 7% year\/year. Online gaming revenue, &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/dispatch-from-the-boardwalk\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,60,7,37,167,157,129,21,169],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14327"}],"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=14327"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14327\/revisions"}],"predecessor-version":[{"id":14328,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/14327\/revisions\/14328"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=14327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=14327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=14327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}