Will LS or a 3 deck game come to AC?

MJ1

Well-Known Member
#1
I was thinking maybe Borgata will introduce 4 deck games to compete with Tropicana and a BJ war between the two casinos will ensue over customers. Then perhaps Trop will counter Borgata's 4 deck game by offering an innovative 3 deck game, or maybe even offer LS. Just think how enticing this will look to players who are driving on the AC Expressway and see the billboard advertisement!!!

We will just have to see how things pan out....but no way will Borgata sit idle and watch Trop take all its BJ customers!!!!
 
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moo321

Well-Known Member
#4
A lot of the smarter/high roller customers prefer better games. The ploppies don't care, but the businessman who's been playing blackjack for years, a lot of these people know that fewer decks is better. Black chippers tend to be smarter.

In my neck of the woods, the black chippers all play double deck if it's available.
 

MJ1

Well-Known Member
#5
21forme said:
Those 4D games at Trop aren't any more or less popular than their 8D games. The only ones flocking to them are the counters.
If that is true, how do you explain the fact that Trop's revenues exceeded those of Borgata in the last month?

Most ploppies in general realize that fewer decks mean better chances of winning.
 

21forme

Well-Known Member
#6
I expect Revel to come up with a good game when they open. They're the ones after Borgata's market. BTW, construction of their two towers just north of Showboat is moving along quickly.
 

FLASH1296

Well-Known Member
#7
MJ1,

Please check your Atlantic City facts.

Here are the Nov. figures:

The Borgata was tops in earnings with profits of 29.2 million dollars last month.
In 2nd place was Caesars with less than one-half of that - 11.4 million dollars.

The Tropicana showed a crippling loss of 18.0 million dollars.

They are in receivership and are operating without a regular license.

The casinos doing the worst are Trump Marina and Trump Taj Mahal with truly massive losses of 43.5 million and 75.4 million dollars respectively ! Trump Plaza finished the month in the black, earning just 3.2 million dollars.

Modest losses were posted by The Hilton and Resorts

The earnings of all casinos in A.C. are published monthly.
****************************************************
NJ Supreme Court ruling clears way for Tropicana bankruptcy auction

ATLANTIC CITY — The New Jersey Supreme Court upheld the state’s decision last December to strip Tropicana Casino and Resort’s former owner of its license and put the troubled gaming hall up for sale. The ruling today removes the last legal impediment holding up the sale. A state-appointed conservator who has been overseeing the casino since Tropicana Entertainment LLC lost its license is planning a bankruptcy auction in coming weeks.
 

rollem411

Well-Known Member
#8
FLASH1296 said:
MJ1,

Please check your Atlantic City facts.

Here are the Nov. figures:

The Borgata was tops in earnings with profits of 29.2 million dollars last month.
In 2nd place was Caesars with less than one-half of that - 11.4 million dollars.

The Tropicana showed a crippling loss of 18.0 million dollars.

They are in receivership and are operating without a regular license.

The casinos doing the worst are Trump Marina and Trump Taj Mahal with truly massive losses of 43.5 million and 75.4 million dollars respectively ! Trump Plaza finished the month in the black, earning just 3.2 million dollars.

Modest losses were posted by The Hilton and Resorts

The earnings of all casinos in A.C. are published monthly.
****************************************************
NJ Supreme Court ruling clears way for Tropicana bankruptcy auction

ATLANTIC CITY — The New Jersey Supreme Court upheld the state’s decision last December to strip Tropicana Casino and Resort’s former owner of its license and put the troubled gaming hall up for sale. The ruling today removes the last legal impediment holding up the sale. A state-appointed conservator who has been overseeing the casino since Tropicana Entertainment LLC lost its license is planning a bankruptcy auction in coming weeks.
What are the numbers before the 4D game became available? The Trop has always been the underdog to upper class casinos like the Borgata. The question should be not has the Trop exceeded earnings of the Borgata, but has the Trop come closer to the earnings of the Borgata and Caesars. OR has the loss of revenue from the Trop decreased since the arrival of the 4 Deck games?
 
#9
FLASH1296 said:
MJ1,

Please check your Atlantic City facts.

Here are the Nov. figures:

The Borgata was tops in earnings with profits of 29.2 million dollars last month.
In 2nd place was Caesars with less than one-half of that - 11.4 million dollars.

The Tropicana showed a crippling loss of 18.0 million dollars.

They are in receivership and are operating without a regular license.

The casinos doing the worst are Trump Marina and Trump Taj Mahal with truly massive losses of 43.5 million and 75.4 million dollars respectively ! Trump Plaza finished the month in the black, earning just 3.2 million dollars.

Modest losses were posted by The Hilton and Resorts

The earnings of all casinos in A.C. are published monthly.
****************************************************
NJ Supreme Court ruling clears way for Tropicana bankruptcy auction

ATLANTIC CITY — The New Jersey Supreme Court upheld the state’s decision last December to strip Tropicana Casino and Resort’s former owner of its license and put the troubled gaming hall up for sale. The ruling today removes the last legal impediment holding up the sale. A state-appointed conservator who has been overseeing the casino since Tropicana Entertainment LLC lost its license is planning a bankruptcy auction in coming weeks.

earning JUST 3.2 million dollars a month on the off season... boy would i love 3.2 million dollars... heck 3.2 a year is fine with me
 

shadroch

Well-Known Member
#10
standard toaster said:
earning JUST 3.2 million dollars a month on the off season... boy would i love 3.2 million dollars... heck 3.2 a year is fine with me

That 3.2 million doesn't come close to covering the interest on their debt.
 

moo321

Well-Known Member
#11
shadroch said:
That 3.2 million doesn't come close to covering the interest on their debt.
Technically, the term "earnings" refers to profit after expenses, including interest, debt payments, etc.

Although that number may not actually be earnings, it could be cash flow from operations, or something like that which does not include interest payments.
 

shadroch

Well-Known Member
#12
moo321 said:
Technically, the term "earnings" refers to profit after expenses, including interest, debt payments, etc.

Although that number may not actually be earnings, it could be cash flow from operations, or something like that which does not include interest payments.

In this case, I believe it is referring to cash flow. Caesars, Ballys, Showboat and the rest are all part of Harrahs, which is currently drowning in red ink.
 

FLASH1296

Well-Known Member
#13
actual monthly revenue figures

The Trop and its neighbor, the Hilton, are waist deep in the big muddy.

As the 4 deckers were introduced during this last quarter of the year, you'll need to see the figures for the first quarter of 2009, and that will not be available until the spring.

The website for the local N.J. newspaper, "The Press of Atlantic City" carries the MONTHLY A.C. earnings figures.

I used to be able to find the actual BLACKJACK TABLE HOLD PERCENTAGES for all of the A.C. casinos, but I no longer have a link. <sigh>

THIS story has graphs of the earnings for Nov.:

"Atlantic City casino revenue off 7.8 percent last month
By ERIK ORTIZ Staff Writer, 609-272-7253
Published: Thursday, December 11, 2008"

Here is the link, showing the graphs. Take a look:

http://www.pressofatlanticcity.com/180/story/342608.html (Archive copy)

As you can see the TROP lost over 10% of its revenue, but the HILTON lost TRIPLE that !
 
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FLASH1296

Well-Known Member
#14
A WEALTH of INFORMATION

http://www.njccc.gov/casinos/financia/mthrev/docs/2008/200811revenue.pdf (Archive copy)

This is the most informative webite imaginable. Be sure to bookmark it.

Be sure to follow this link. You will be glad that you did. Enjoy this link and LEARN from it.

It will show you the actual casino "hold" - that is their earnings by % of the money put on the table by the players - for each casino.

You may be amazed to see that the Tropicana actually LOST money at their baccarat game !

Wait until you see the absurd figure for Double Attack BJ !

See the differences in what percentage of the money different casino BLACKJACK tables are holding.

Can you even imagine a richer source of info' as to which casinos just may be offering the better BJ ?

Show this to your non-advantage player friends, pointing out the absurdly high 'hold' figures for "Carnival Games" like Pai Gow Poker.

http://www.njccc.gov/casinos/financia/mthrev/docs/2008/200811revenue.pdf (Archive copy)
 
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FLASH1296

Well-Known Member
#16
On an American Roulette game the House edge is 5.5%.

The hold is always FAR greater of course.

The hold is what the house is making on the game.

It would be 5.5% if everyone made one bet and left.

but players buy-in and then play the game over a period of time, slowly losing money to the house.

If they lose their initial buy-in and leave they have lost 100%, but nobody does that. Instead they are "nickeled and dimed to death".

The "Hold" is the total of cash being "dropped" into the table's slot minus those chips leaving the table after color-ups, expressed as a %.

Look at the BJ figures around town, they are generally between 10% and 18%/ Look at the figures for really bad games,
like "Double Attack" BJ and see how bad it really is.
 
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#17
shadroch said:
In this case, I believe it is referring to cash flow. Caesars, Ballys, Showboat and the rest are all part of Harrahs, which is currently drowning in red ink.
And I'm doing my part to throw them an anchor.

How the hell can a casino lose money? I find it hard to believe they're not just getting ripped off from the inside.
 

shadroch

Well-Known Member
#18
It's not that the casinos are losing money, per se. It's that the revenue doesn't come close to covering the interest on the eight billion dollar debt Apollo leveraged itself into. i'm looking for them to start spinning off a few casinos, ala MGM selling TI.
 
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FLASH1296

Well-Known Member
#19
"Caesars, Ballys, Showboat and the rest are all part of Harrahs, which is currently drowning in red ink."

Note: Caesars A.C. is second only to The Borgata in earnings and Harrahs A.C. is doing quite well following their refurbishment.

The really huge losers are the Trump Taj Mahal and the Trump Marina.

It is important to note that, in many cases, the casinos have staggeringly large interest payments that are due to the bond holders on a regular basis.
 

shadroch

Well-Known Member
#20
FLASH1296 said:
"Caesars, Ballys, Showboat and the rest are all part of Harrahs, which is currently drowning in red ink."

Note: Caesars A.C. is second only to The Borgata in earnings and Harrahs A.C. is doing quite well following their refurbishment.

The really huge losers are the Trump Taj Mahal and the Trump Marina.

It is important to note that, in many cases, the casinos have staggeringly large interest payments that are due to the bond holders on a regular basis.

Are you trying to say Caesars and Harrahs are not drowning in red ink? The real losers in AC are not Trump, it's Resorts and Hilton. Their parent company just missed a bond payment and now are paying the default rate of 19.5%
Compared to them, Trumps properties are well heeled.
Of course, the real losers are the almost 5,000 employees of the twentyodd businesses that Pinnacle put out of business in order to create a massive black hole in the center of the boardwalk.
 
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