Re: AC nosedive accelerating
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And you believe this decline happening at the same time competition in nearby states opens is a coincidence? And that more competition will increase AC revenues? Okay.
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That is precisely his point. Your tone of messages make it sound as if AC is going into a nosedive. Yet it is precisely because of PA Gaming that this is occurring. If it continues for 3-4 years then you have a point. ( as many PA casinos are not yet open ) AC had I believe at least 5 positive years of revenue before this year when PA slots opened up. And the PA slots are exceeding revenue expectation so far. Yet the decline in AC revenue I think is rather small considering the increased competition. Most of the casinos that have done renovation's have done well. The exception being the Tropicana whose renovation I like yet it appears not to be helping.
AC is currently undergoing revenue difficulty because of increased competition. It shows no signs of a trend which would lead to all the casino's closing. After the opening of Pinnacle and the rest of the PA casinos though, I would assume 1 or 2 of the small operators will have to close.
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