[Poshua]

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I wonder how many of the existing casinos will survive, I can't see why anyone would go to, say, Resorts or Trump Marina.

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if they drop their weekend hotel rates, I'll gladly stay at Resorts, then walk on over to the taj or wherever to play some poker. Geez, I hope that happens. Seeing a $150 room rate on the weekend on the boardwalk casino would be a dream.

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I agree that there will continue to be a strong and improving market for hotel rooms in AC, so older casino hotels are likely to see spillover business from the general improvement in AC gaming, even as the new resorts add more rooms. This is especially true when the hotels are high quality (I hear the Rendezvous Tower at Resorts is nice, for example).

On the other hand, I think the lower-end resorts will see continuing declines in their gaming revenue, down a double-digit percentage from their peak. I don't know enough about the ratio of hotel to gaming income at these properties to determine how well they can survive a shift like this.