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Old 08-15-2014, 05:20 PM
 
Location: g
65 posts, read 59,417 times
Reputation: 108

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As a casino goer, don't see lines 100's of people long anyplace else in Atlantic City, especially Sunday. It was the same Monday. the Casino was full., they do not have beach access and their pool is nothing ...all kids.. don't think the weather has much to do with the Borgata.
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Old 08-18-2014, 09:07 AM
 
Location: NJ
37 posts, read 65,786 times
Reputation: 19
Default Not the end of AC per se

but what we're seeing is the end of AC as a gambling destination. The city may yet do well and experience growth, but after a 40 year experiment we now know gambling isn't going to be the engine of that growth.
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Old 08-19-2014, 01:27 PM
 
Location: OCNJ and or lower Florida keys
773 posts, read 1,638,338 times
Reputation: 787
Quote:
Originally Posted by GRACE2829 View Post
The Borgata is booming. I was there this week and there are mobs of people waiting to check in on Sunday and Monday night. I guess they know how to do it! They are certainly not cheap and their restaurants are no deal. Maybe they have not lowered their standards and that's how they are drawing people.
you are definitely right about the Borgata it is by far the most profitable casino in A.C. So far for the first half of 2014 Borgata grossed nearly double the revenue of its closest competitor 304 million vs 166 million for Harrah's. Revel only pulled in a paltry 71 million in revenue for the first 6 months of 2014. There must be something about the Borgata that people must really enjoy over what the other casino's have to offer.


Atlantic City Casinos Ranked by Revenue - Gaming Revenue by NJ Casinos

Borgata - $304 million
Borgata earns nearly double in its casino than its closest competitor. Borgata is a joint venture between Boyd Gaming and MGM Resorts. It opened in July 2003 and was the newest Atlantic City casino until Revel opened in 2012. Borgata’s gaming revenue is up 2.8% compared to 2013. Borgata also enjoys a substantial level of nongaming revenue. Borgata has by far the largest and most profitable poker room in Atlantic City.
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Old 11-11-2014, 03:29 PM
 
169 posts, read 104,799 times
Reputation: 82
Las Vegas survived the opening of California Indian casinos 10-12 years ago because it was a convention, tourist, and somewhat of a commercial hub.

Diversification is key. If Atlantic City can rise above being known as the gambling capital of the east coast, it will bounce back.

There was a comment from someone in Europe on the YouTube video for Bruce Springsteen's song "Atlantic City" which stated that they wanted to visit the U.S.A because they were fascinated by the impression that both the lyrics and video images made.

Atlantic City obviously has a lot to offer. Now is the time for city leaders to promote AC a viable destination, and to attract businesses that would like to settle there.

The future is bright if the will and a plan exists.
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Old 11-18-2014, 09:33 AM
 
Location: OCNJ and or lower Florida keys
773 posts, read 1,638,338 times
Reputation: 787
#5 casino to close this year. The Taj Mahal will be closing December 12th. They have already removed quite a few of the larger denomination $100 slot machines from the floor of the casino.
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Old 11-18-2014, 09:36 AM
 
671 posts, read 667,066 times
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It's over,,Atlantic city was a street walker dressed up as a Queen in a casino penthouse...She's back on the streets turning tricks...
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Old 11-19-2014, 06:50 AM
 
20,618 posts, read 16,659,647 times
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Quote:
Originally Posted by USAGeorge View Post
It's over,,Atlantic city was a street walker dressed up as a Queen in a casino penthouse...She's back on the streets turning tricks...
I don't see it that way at all. AC is going through growing pains, they are tearing down to start over in a smaller, better targeted market. City council just yesterday approved 2 new redevelopment projects, one is for Resorts to build a new 12,000 square foot conference center which will bring more conventions to the city, and for ground-breaking to begin on a new 250 unit luxury rental development near Revel*.

Additionally, Stockton College signed a letter of intent this week to buy Showboat casino and turn it into an in-city campus, which is IMO going to be great for the city as well as bringing many new (and arguably better) jobs to AC. Yes, the closings are terrible, but I would consider it's more a short term pain for long term gain issue. When all the casinos were built we didn't have competition from neighboring states, now they need to correct for that and narrow focus to a smaller, more regional market.

AC will never (IMO) go the way of Camden, because it is the last semi-affordable city along the south Jersey shore ...investors will always be waiting in the wings. They just have to find their niche, and I myself feel it's going to end up better than ever in the long run.

*"The Beach at the South Inlet will provide a mix of one and two bedroom units with amenities such as a doorman, on -site parking and swimming pool. Developer Waseem Boraie said 350 construction jobs will be created with construction beginning in the fourth quarter of 2014."

Last edited by ocnjgirl; 11-19-2014 at 07:09 AM..
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Old 11-19-2014, 08:02 AM
 
578 posts, read 1,052,246 times
Reputation: 411
Quote:
Originally Posted by sj08054 View Post
LOL.. you went on a weekend when they had a free concert. Of course there was going to be mob of people there. Not sure how you concluded that Borgata is booming.

If the weather wasn't going to be bad tomorrow, AC is booming too when the airshow is in town.

Good point about the concert...

Just wanted to add in, some AC casinos are doing well and Borgata leads the pack.

the latest revenue numbers from the state
http://www.nj.gov/oag/ge/docs/Financ...410revenue.pdf

But this site does a good job of summarizing the data:
https://legalnjonlinecasino.com/atlantic-city/revenue/

Snippet:
Borgata - $537 million
Borgata earns nearly double in its casino than its closest competitor. Borgata is a joint venture between Boyd Gaming and MGM Resorts. It opened in July 2003 and was the newest Atlantic City casino until Revel opened in 2012. Borgata’s gaming revenue is up 2.9% compared to 2013. Borgata enjoys a substantial level of nongaming revenue. It also leads the market in internet gaming revenue. Borgata has by far the largest and most profitable poker room in Atlantic City.
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Old 11-19-2014, 06:25 PM
 
Location: South Jersey
110 posts, read 131,072 times
Reputation: 133
I still believe the state is going in the wrong direction by trying to convert AC into a family friendly resort. It's blighted and unsafe, AC would NEVER succeed as a place to bring your kids.
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Old 11-24-2014, 08:14 AM
 
Location: OCNJ and or lower Florida keys
773 posts, read 1,638,338 times
Reputation: 787
Quote:
Originally Posted by Maxwell03 View Post
I still believe the state is going in the wrong direction by trying to convert AC into a family friendly resort. It's blighted and unsafe, AC would NEVER succeed as a place to bring your kids.
especially with OCNJ so close everyone knows that it "america's greatest family resort"

http://www.oceancityvacation.com/ame...y-resort.html:)
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