{"id":713,"date":"2009-02-10T14:42:00","date_gmt":"2009-02-10T22:42:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/2\/10\/Boardwalk-bummer"},"modified":"2009-02-10T14:42:00","modified_gmt":"2009-02-10T22:42:00","slug":"boardwalk-bummer","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/boardwalk-bummer\/","title":{"rendered":"Boardwalk bummer"},"content":{"rendered":"

In short, January's Atlantic City<\/strong> revenue numbers are -9% at the tables and -10% in slots. The glass-half-empty spin is that this is the third straight year of decline. The glass-half-full perspective would be, yes, but it's -9% the fifth-highest January in Atlantic City history (with '06 being the high-water mark). And if you were at Trump Taj Mahal<\/strong>, you had no complaints whatsoever.<\/p>\n

In sheer dollar volume, Bally's Atlantic City<\/strong> got hammered, down from $45 million to $37.6 million. Only the newly revamped Taj  posted an increase in revenue, going from $38 million a year ago to $42 million this year. The in-flux Trump Marina<\/strong> (-8%) has at least temporarily bottomed out — at last place in dollar volume, behind even insolvent Resorts Atlantic City<\/strong>. (Because of disparities of scale, this can be a deceptive metric, though.)<\/p>\n

Aside from the Taj's non-aberrant 10% gain, the closest thing to victory could be declared by Harrah's Marina<\/strong>, only -2%. Both properties cleaned up at the tables (+22% and +19%, respectively), while Borgata<\/strong> did so at the slots (+16%) — a good thing in the latter case, because the Boyd Gaming<\/strong> property got slaughtered in table play, -26%. However, it could take cold comfort in the fact that Trump Plaza<\/strong> (-29%), the Atlantic City Hilton<\/strong> (-32%) and Resorts (-36%) all fared worse. Luck just isn't with Resorts\/Hilton owner Colony Capital<\/strong> these days.<\/p>\n

The second-best showing in slot win was the Taj (+2%), with the Tropicana Atlantic City<\/strong> in third place with -6%. The worst clobberings were absorbed by Resorts again (-22%), Bally's (-23%) and Showboat<\/strong> (-24%). Overall, the Taj edged Caesars Atlantic City<\/strong> (-8%) out of the top tier, back toward the Trop (ditto). Thanks to the Taj makeover, Atlantic City has four "haves," four "have-nots" and a couple of Harrah's Entertainment<\/strong> properties that could go either way. Plus the ever-mystifying Trop, of course.<\/p>\n","protected":false},"excerpt":{"rendered":"

In short, January's Atlantic City revenue numbers are -9% at the tables and -10% in slots. The glass-half-empty spin is that this is the third straight year of decline. The glass-half-full perspective would be, yes, but it's -9% the fifth-highest … 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":[23,60,3,42,14,7,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/713"}],"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=713"}],"version-history":[{"count":0,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/713\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}