AC nosedive accelerating

[Gonso]

Pocketpared,

I've read your commetns throughout this thread and your commentary is based on only small pieces of information, which you're putting together how you want to.

If you knew anything about this industry or our market, you'd know that AC casinos do very well. The fact that there is new competetion will of course affect revenue, however there is a LOT of revenue we're talking about. Keep in mind that there has been very little competition in the local market - it's not as if they're just getting by.

Anyway, as I mentioned earlier, the customer base is shifting. The Borgata is attracting a new and more profitable customer base and other's have taken note are are changing/building/closing accordingly. The city is as well. I have never seen a revitalization effort like the one going on now.

Over the next five years more investment capital will be spent in AC then ever before - and by a LOT. Think about it: Borgata cost a little over a billion. Little ass Hilton's renonvation could cost 1.5 billion. Pinnacle more than that, and a themed MGM casino... 5 billion? There won't be anything like it. And expansions are happening now as well.

A 5% percent dropoff year to year is nothing to panic over, the casino industry here is pretty robust. Places like the Sands only lasted as long as they did because there was no competition.

A little competition is exactly what AC needed. How do you think places like Resorts and Trump Plaza have made money for so long? There were no real alternatives. Now that there is some competition you talk as if there won't be enough left to support the AC industry. That's not even close to accurate.