AC nosedive accelerating

[Gonso]

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I post facts from the NJ CCC. What's your agenda for jumping to the defense of casinos?

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People have been predicting the doom of AC since the casinos went up. It's not going anywhere, it's just that the market is changing and people are demanded different things then they were ten or fifteen years ago.

If you'd like to discuss the long-term AC trends regarding the slot end of the business in particular (or the eastern half of the country for that matter), please let me know. I'm responsible for reporting some of the information that comprises the CCC figures you're citing.

AC is just going through a cyclical change, except this period is demonstrating major reinvestment from most properties, you can see the additions being being and major renovations underway. The MGM and Pinnacle are moving forward with super resorts - this is what people want and they've been expressing it. The older casinos are dying (as are many of their loyal customer base lol), but the city isn't.

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Pinnacle is looking to get out already. They've used the excuse that if AC rezones Bader Field for Wynn they won't build

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No, they're not looking to get out of anything and never were. They tossed a threat out looking to discourage allowing building at that location, and several of the existing properties objected also. However, nothing's happening with that locale - especially considering it's place in the current city political scandal. Pinnacle is demolishing the old Sands on Thursday.

As far as MGM, well, it's slated to cost more than 5x what the Borgata did. Hilton has announced a 1 billion plus expansion. Atlantic City s definitely starting to shy away from the day-trippers in favor of vacationers, because now they've been shown to be more profitable.