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  #11  
Old 09-12-2007, 05:19 AM
tailspin4540 tailspin4540 is offline
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Join Date: Nov 2003
Posts: 277
Default Re: AC decline continues...

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Borgata hasn't had losing months until just recently.

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Interesting use of "losing months".
Maybe "less profitable" would be more appropriate, unless you are stating that they actually lost money.

Since the revenue drop AC-wide seems to be in slots (table games went up), maybe the availability of slots elsewhere is hurting AC. Or maybe the higher gas prices have kept the slot-nicks home.

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Gas prices here are actually among the lowest in the country. It's probably just the new PA slot parlors with a little bit of the smoking ban.
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  #12  
Old 09-12-2007, 01:07 PM
pocketpared pocketpared is offline
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Join Date: Mar 2007
Posts: 322
Default Re: AC decline continues...

Revenues fell last month too. Facts, not the sky is falling. YTD for AC as a whole is down as well. 7 out of 8 months declined. Pinnacle is trying to get out of their commitment to build a casino where the Sands stood, blaming a pending favorable rezoning for Wynn. This declining revenue will impact poker eventually as casinos try to up their bottom lines. MGM and Foxwoods canned a plan for a joint casino in AC and decided to build elsewhere.
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  #13  
Old 09-12-2007, 01:44 PM
Mr Rick Mr Rick is offline
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Join Date: Oct 2006
Posts: 564
Default Re: AC decline continues...

Yonkers recently opened a large slot adjunct to the racetrack. This has and will siphon off a lot of NYC slot players.
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