New AC casino plan approved, PICS

[Eponymous]

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These new developments certainly look nice, but can the AC market support them? Competition from the new PA slot parlors and WVA table games is likely to get pretty intense over the next few years.

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That's why they're going more upscale -- to attract a different clientele than the typical slot player. They are building destination resorts on the beach that also have casinos in them. In fact, the Revel planners said they purposely did not make provisions for a bus terminal like a lot of the current AC casinos have. They don't want the day trippers with their rolls of quarters.

[nineinchal]

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That's why they're going more upscale -- to attract a different clientele than the typical slot player. They are building destination resorts on the beach that also have casinos in them. In fact, the Revel planners said they purposely did not make provisions for a bus terminal like a lot of the current AC casinos have. They don't want the day trippers with their rolls of quarters.

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Wait and see, the quarter roll people will take the bus to the Showboat, then walk to the Revel.

[DrewOnTilt]

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[ QUOTE ]
These new developments certainly look nice, but can the AC market support them? Competition from the new PA slot parlors and WVA table games is likely to get pretty intense over the next few years.

[/ QUOTE ]

That's why they're going more upscale -- to attract a different clientele than the typical slot player. They are building destination resorts on the beach that also have casinos in them. In fact, the Revel planners said they purposely did not make provisions for a bus terminal like a lot of the current AC casinos have. They don't want the day trippers with their rolls of quarters.

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True that. I always wondered how in the hell places like Showboat made money by giving ticket reimbursements and buffet comps to bus day trippers.

[Poshua]

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I always wondered how in the hell places like Showboat made money by giving ticket reimbursements and buffet comps to bus day trippers.

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A typical bus comp package in AC these days is like $25-$30. The actual cost to the casino is a bit less; $5 of the comp is a food coupon that often goes unused, and the food cost is less than the food price.

Assuming a 93% return at slots, your average bus customer only needs $429 of coin-in to pay that $30 back to the casino. You bet those addicts are making that up on average.