Resorts take over

#2
kewljason said:
Resorts AC officially became the first AC casino to be taken over by a lender, Wells Fargo Bank today.
What's weird is Resorts is usually the most crowded casino on the Boardwalk.

I hope they don't change the Breadsticks menu.
 

21forme

Well-Known Member
#3
It's all how it's managed.

There was a restaurant on the outskirts of Trenton, on Rt1 that was great and always packed. One day they were gone, out of business. You never know what goes on behind the scenes...
 

kewljason

Well-Known Member
#4
Automatic Monkey said:
What's weird is Resorts is usually the most crowded casino on the Boardwalk.

I hope they don't change the Breadsticks menu.
I hope they don't change anything! I like resorts. not flashy, not crowded and decent BJ rules. I stay at the TAJ alot, and resorts always seems less crowed and yet better rules. lol
 

bjcount

Well-Known Member
#5
kewljason said:
I hope they don't change anything! I like resorts. not flashy, not crowded and decent BJ rules. I stay at the TAJ alot, and resorts always seems less crowed and yet better rules. lol
Went there a few weeks back and it was pretty decent. One thing I can't seem to understand is why they offer two different payouts in MTD. Some tables are 3-1 for unsuited and 14-1 suited while others are 4-1 & 11-1.

and people there thought I was crazy for Not playing it.

BJC
 

Thunder

Well-Known Member
#6
Automatic Monkey said:
What's weird is Resorts is usually the most crowded casino on the Boardwalk.

Every time I go there Resorts is pretty much empty. The only thing that is crowded is their BJ games but that's no surprise considering they only have like 6 tables.
 

Abenzio

Active Member
#7
Resorts' ex-sister-casino

kewljason said:
Resorts AC officially became the first AC casino to be taken over by a lender, Wells Fargo Bank today.
Resorts' ex-sister-casino

Hilton will be the next one to be taken over by creditors due to lack of patrons---
Source:
Workers' gossips :laugh:.

 

ChefJJ

Well-Known Member
#8
I used to play a lot at Resorts, but noticed the whole place getting tougher and tougher to play at. In the off times, there would only be one dice table open and often there were very difficult people playing on them. Although, yes, the blackjack pen was solid.

The comps seemed to dry up considerably too. Of course, this was an across-the-board phenomenon for most casinos due to dropping earnings...but cutting off my free room offers when my level of play was constant didn't get me coming back as often.

It's sad...for several years, Resorts was a comfortable, friendly place to throw the dice. Now it's hit or miss, but usually full of shady characters stressing out the crews.

good luck :joker:
 
#9
Thunder said:
Every time I go there Resorts is pretty much empty. The only thing that is crowded is their BJ games but that's no surprise considering they only have like 6 tables.
Great illustration of the intelligence of casino executive.

Our casino is empty, except for the blackjack tables, which are full.

What do we need? MORE SLOTS AND CARNIVAL GAMES!
 

Thunder

Well-Known Member
#10
If I were a casino executive. I'd find out what the profitability of every slot machine there is after overhead costs. Then I'd take 4 of those machines or so and determine what the profitability is of those machines vs. one blackjack table per hour after costs. If it's less profitable than the blackjack table, goodbye slot machines, hello blackjack games. If Resorts bothered even doing this simple thing, I'm almost 100% positive they'd be a much more profitable casino. The goal for them should be figuring out how to earn the biggest amount of $ per square foot of the casino. Of course, I'm too smart to be in casino mgmt. Oh well.
 
#11
Thunder said:
If I were a casino executive. I'd find out what the profitability of every slot machine there is after overhead costs. Then I'd take 4 of those machines or so and determine what the profitability is of those machines vs. one blackjack table per hour after costs. If it's less profitable than the blackjack table, goodbye slot machines, hello blackjack games. If Resorts bothered even doing this simple thing, I'm almost 100% positive they'd be a much more profitable casino. The goal for them should be figuring out how to earn the biggest amount of $ per square foot of the casino. Of course, I'm too smart to be in casino mgmt. Oh well.
It doesn't work this way for these guys. They see a blackjack pit as a distraction that keeps compulsive gamblers from playing slot machines. They have a chart that says their edge at BJ of 0.44% and that's that, not realizing that their actual edge is far greater. The dealers who deal the game every day don't even know BS, the executives probably can't tell a good player from a bad player either. Good for us, but bad for the casinos.
 

shadroch

Well-Known Member
#12
Somewhere, there must be a figure for what it cost a casino per shift for a BJ table. Offhand, you need a dealer, a replacement dealer, a pit boss, a eye in the sky. Then you need a security guard or two to bring chips, take the drop, and a cashier to cash out the winners chips. All these employees make salary, incur payroll taxes and recieve benefits. Then you have a couple of decks of cards, and the licensing fees for any carnival sidebets the table has. I've heard those run about $5 per shift per table, even if the table doesn't open.
A slot machine is much less labor intense, and takes less space. I'd guess you could put a bank of ten slots into the space required for a BJ table.
 

kewljason

Well-Known Member
#13
shadroch said:
Somewhere, there must be a figure for what it cost a casino per shift for a BJ table. Offhand, you need a dealer, a replacement dealer, a pit boss, a eye in the sky. Then you need a security guard or two to bring chips, take the drop, and a cashier to cash out the winners chips. All these employees make salary, incur payroll taxes and recieve benefits. Then you have a couple of decks of cards, and the licensing fees for any carnival sidebets the table has. I've heard those run about $5 per shift per table, even if the table doesn't open.
A slot machine is much less labor intense, and takes less space. I'd guess you could put a bank of ten slots into the space required for a BJ table.
In fairness, there are cost associated with that bank of slot machines as well. Slot attendants, slot mechanics, the security team complete with caged train that still changes the boxes on the machines daily. Th eye in the sky is also responsible for watching slot machines and looking for slot cheats and general security is required as well.

And second you have to look at how much that bank of 10 slot machines actually brings in when they sit there with maybe 1 person playing, (sometimes 0) 90 percent of the time. especially weekdays. It is not as if 9 or 10 machines are in constant use.
 

shadroch

Well-Known Member
#14
Absolutely, but as I said, they are less labor intensive. In addition to the expenses you state, there is also electricity to be paid for.
 
#15
The numbers are there and we can do rough estimates, based on November 2009 AC monthly report. Combining 0.25 and less slots together, Resorts has 1211 slots, Win $4,841,460. Resorts has 34 bjtables, W$1,623,555. I can't estimate space; Can someone remind me how many slots are in the Foxwoods' Keno room in the Pequot area where there wasis bar and window facing front of pequot fox? That room used to have 6-8 table games (definitely 4 bj's; not sure the others)?? [using resorts numbers: 6 tables, W$286,510. estimate 30 slots, W $119,937; if just nickels & less, 30slots=W$134,485.] Factor in all of the factors, and the numbers tell something. (oh, forgot, do casinos pay a fee for hosting different slot machines? table games? lease? and factor in the wiring and infrastructure of their computer systems, and maintenance of systems? Also, tiny factor, the differences in comp points /ratings for slots versus table games players.)
 
Last edited:

Thunder

Well-Known Member
#16
Well I just physically measured the space a BJ table and slot machines take up and you can fit 6-8 at the absolute most slot machines in that space. You forget that which each slot machine there is a chair attached.
 
Top