AC nosedive accelerating

[Mr Rick]

[ QUOTE ]
YONKERS — Video slot machines have brought Yonkers Raceway back to life, with a $4 billion casino operation that has rejuvenated the dying harness track.

One year after it reopened with a Vegas-style casino, Empire City at Yonkers Raceway is a cash machine, drawing more than 90,000 patrons a week and netting nearly $40 million a month.

[/ QUOTE ]

The $40 million per month Yonkers net revenue is a little more than the total monthly AC decline in slot machine revenue.

I believe that is the reason for the AC decline. Perhaps the slide for AC will be merely a plateau (we should revisit in a year).

Yonkers slot revenues

[W brad]

If anything they should be promoting poker in AC.

Pennsylvania and other nearby locales have openned competing slot machines, but no competing poker rooms.

[Mr. AtlanticCity]

September 2007 Poker

Casino (Authorized Tables) - Total Win, Average/Table
Borgata (120) - $3,412,697, $28,439 Average/Table
Trump Taj (60) - $2,048,634, $30,127 Average/Table
Tropicana (48) - $659,120, $13,732 Average/Table
Caesars (24) - $555,517, $23,147 Average/Table
Bally's (32) - $347,637, $10,864 Average/Table
Showboat (23) - $334,457, $14,542 Average/Table
Harrah's (24) - $304,770, $12,699 Average/Table
Hilton (23) - $221,996, $9,652 Average/Table
Resorts (8) - $68,970, $8,621 Average/Table

In the battle of who is the number three poker room in Atlantic City, Tropicana took in more money, but Caesars has a better average per authorized table.

[Poshua]

The Taj has only 60 authorized tables? Did they downsize their room? I thought they had about 80 at one point.

[SellingtheDrama]

I was wondering about that too...but since I haven't been there in seven months, I assumed things may have changed. Also Borgata doesn't have 120 tables in their standard room, its about 85.

Personally I'd love to see the Harrah's properties consolidate - maybe into Caesars/Showboat or something like that. AC doesn't really need more than about four good sized rooms - the two gorillas, Trop, and a Harrahs room.

[Poshua]

[ QUOTE ]
I was wondering about that too...but since I haven't been there in seven months, I assumed things may have changed. Also Borgata doesn't have 120 tables in their standard room, its about 85.

[/ QUOTE ]

It's normal for the authorized total to exceed the number of tables actually in play; this allows them, for example, to add tables for special events without new authorization.

However, an authorized total below the number of tables actually in play is more difficult to explain.

[drugged]

As a Pennsylvania resident I'm happy to see AC losing money to PA slots parlors and racinos. Last time I was in AC I played poker at Ceasars. The poker room was packed and they had ONE waitress for the entire room. I got sick of waiting for a drink, so I walked up to the bar on the casino floor. I ordered a 7&7 and handed the guy a $10. I got $1 change! I asked him if I broke something. 9 freakin bucks for a drink! AC has nothing to give in the way of service, hositality, or overall value. I hope PA and DE establishments continue to pick thier pockets.

/rant

[pocketpared]

Not to mention in the earlier years AC hookers had the highest rate of AIDS per head (no pun intended) in the country. They compensated by practicing safe sex, though. They'd reach in the car windows at traffic lights, rub the driver and 2 minutes later, a mile away, he's notice his wallet was gone.

[pocketpared]

Countered by more slot parlors and casinos opening in adjoining states.

[Dima2000123]

[ QUOTE ]
I was wondering about that too...but since I haven't been there in seven months, I assumed things may have changed. Also Borgata doesn't have 120 tables in their standard room, its about 85.


[/ QUOTE ]
I noticed it too, and then I noticed that Borgata only has 120 tables in September, both this and last year. In the other months it still has 85 tables. I guess those extra 35 tables come out for WPT event.