Re: Atlantic City nosedive continues..
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Interestingly, according to this report, slot revenue is down 12% from same period last year, but table revenue is up 7%.
[/ QUOTE ]
Table revenue is up 7% becuase the took all the $5 tables out back and burned them.
Casinos fail to understand that you make more off $5 that are full then $10 tables with a dealer standing there with no players. A good example is watch how many players leave when the pit boss increases a craps table from $5 to $10.
[/ QUOTE ]
I don't understand... in your first paragraph you're saying that the casinos made more money because they raised the limits; in your second you're saying they'd make more money if they lowered the limits. [img]/images/graemlins/confused.gif[/img]
[/ QUOTE ]
I was confusing, I shouldn't type when I am on acid.
Mainly what I was saying was that revenue is up becuase tourists will pay $15 a hand for Blackjack. They don't care. But during the off-season on a Tuesday, that same $15 table sits there empty with a dealer just standing there. Instead of losing money on that table, they could drop the limit. They would make much more money off a full $5 table then an empty $15 table.
|