Atlantic City’s competition – Page 2

  • jaygruden

     

    “What these casinos in Philadelphia, Bethlehem and other areas have essentially done is take back the gaming share from those cross-border shoppers who used to go to New Jersey,” said Andrew Zarnett, a gaming analyst for Deutsche Bank. “It’s been a tremendous success — so much so that some time next year, Pennsylvania will pass New Jersey in terms of gaming revenue.”

    taken from this article:

    http://www.delcotimes.com/general-news/20110718/flush-table-games-have-become-the-moneymaker-at-harrahs-chester-with-video?viewmode=fullstory

  • Automatic Monkey

     

    Quote: Gamblor said:
    Yes casino management nowadays, by and large are mostly morons. I would say the original mob bosses who started the casino industry were innovative and sharp, the corporations that have taken over are just copying their model, and running it into the ground in AC and LV.

    What eventually happens in virtually any corporation, and its the very nature of a corporation, is that it rewards short term thinking, by encouraging and promoting bean counters, who come up with “brilliant” ideas to nickel and dime the customer (like crappy BJ rules, amongst other things), that looks good on the employees year end review – “I saved this casino such and such $$$ by doing this screw over the customer”. Of course, the long term effects of these actions are rarely considered, and often deleterious to the company.

    Harrahs is a mixed bag of casinos, will say they are the most generous and aggressive when it comes to comps in a lot of ways. But bigger is not necessarily better, can think of some extremely well run smaller operations, like Borgata of not too long ago, and Mohegan Sun.

    And one very important characteristic of those mobsters who ran casinos is that they themselves were gamblers. They offered the same games that they enjoyed playing in speakeasies and basements, and hesitated to offer a game that they couldn’t imagine themselves or their peers playing. They surrounded patrons with the lifestyle they considered normal- good food, bad women, and alcohol. For sure, they understood vice and its enjoyment.

    Modern casino execs have no personal affinity for what is going on in those buildings. They have to hire consultants to suggest to them what games patrons might enjoy playing. They don’t know how a gambler wants to be treated at the table and in the house. All they know are spreadsheets and corporate culture, and none of that is going to help you when gamblers think your casino sucks.

  • Bill Cashman

     

    Quote: jaygruden said:
    “What these casinos in Philadelphia, Bethlehem and other areas have essentially done is take back the gaming share from those cross-border shoppers who used to go to New Jersey,” said Andrew Zarnett, a gaming analyst for Deutsche Bank. “It’s been a tremendous success — so much so that some time next year, Pennsylvania will pass New Jersey in terms of gaming revenue.”

    taken from this article:

    http://www.delcotimes.com/general-news/20110718/flush-table-games-have-become-the-moneymaker-at-harrahs-chester-with-video?viewmode=fullstory

    Of course they will. PA has 4 million more people than NJ. What took them so long?

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