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Atlantic City revenue, Jan 2016 vs. Jan 2015

Discussion in 'Non-Vegas Hotels & Casinos' started by bdautch, Feb 13, 2016.

  1. bdautch

    bdautch High-Roller

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    Atlantic City casino revenue in January 2016, compared to January 2015 (from AP):

    Bally's: $13.9 million, down 12.3 percent

    Borgata: $56.6 million, down 7 percent

    Caesars: $20 million, down 13.5 percent

    Golden Nugget: $19.1 million, up 4.6 percent

    Harrah's: $27.8 million, down 9.6 percent

    Resorts: $11.3 million, up 3.1 percent

    Tropicana: $24 million, up 6.6 percent

    Trump Taj Mahal: $12.4 million, up 2.3 percent
     
  2. jerseyguy

    jerseyguy VIP Whale

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    Borgata makes almost as much as the three CET casinos combined. When they open that big outdoor pool and entertainment area this year I believe that may bring in more revenue.
     
  3. hammie

    hammie VIP Whale

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    If internet gaming in included, the year over year is down 3.8% for the whole market. But there was a big storm with some beach flooding and 12" of snow over one weekend that had to negatively affect revenues.

    I made a quick overnight business/pleasure visit on Wednesday night. Caesars and Ballys were not busy, you could have your pick of machines. At the last minute, I checked my offers and had a comp at Caesars, I was floored since it's my wife that gets most of the comps. Ended up with a Centurion Tower room, it was very nice, no ocean view though. Had dinner at the Japanese restaurant on The Pier. Played some VP at the Toga bar, for once they had a good crew working that night. About three machines down, some guy hit a royal. Had a White House special for lunch, but I really wanted a steaming bowl of Vietnamese Pho on Thursday.

    There is something to be said for the relative solitude of the Jersey shore in the winter, juxtaposed to the mayhem of the summer.
     
  4. hail2skins

    hail2skins Low-Roller

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    Went to AC for the first time in nearly two years on December 30th and stayed at Borgata for one night. The place certainly didn't appear to be hurting for business, and I'm also looking forward to that new pool deck being built.

    I follow the AC numbers when they come out and it'll be interesting to see if any more places have to close. Even though overall gaming revenue has stabilized somewhat, seems like Caesars/Bally's are still struggling.

    On the other hand, I was shocked to see the Taj have a positive year-over-year figure in what seems like forever. Is the Donald's increased celebrity (his name is still on the place, even if he doesn't own it) driving some business to the Taj?
     
  5. jerseyguy

    jerseyguy VIP Whale

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    We hit the Toga two weeks ago and the bartender was a good guy,Blue Moon on draft one of my favs. We had the same Centurion room with the parking garage view. Winter is quiet here ,less traffic ,comps all the time in AC and if the weather gets mild,golf courses are a lot cheaper. No mosquitos and the snakes are down in their holes.
     
  6. lithium78

    lithium78 High-Roller

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    We had a pretty big blizzard in January in New Jersey. You may have heard about it on the news. It wiped out one full weekend of earnings for the Atlantic City casinos. That's why the numbers dropped so much.
     
  7. hail2skins

    hail2skins Low-Roller

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    Weather absolutely contributed to January's overall results, but the two Caesars-owned boardwalk properties have been sucking wind in year-over-year comparisons for some time now:

    http://www.nj.gov/oag/ge/pressreleases.html
     
  8. Harry Lyme

    Harry Lyme Low-Roller

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    I know Caesars/Ballys is hurting because although I haven't really been there so they haven't offered me anything beyond rooms, a week or so ago Caesars turned up with $30 and $35 direct bet offers for the month of March. They sent me ones for $10 and $15 a couple of times, but this was unexpected. I'm gunning for Vegas in just over a month, so I'm not taking advantage of it, but it'd be nice to have in May when I plan on heading back over and to the Boardwalk this time.

    It's interesting to see Trop doing so well, but it seems that place is the go-to spot for the younger crowd and I'd bet that's driving that revenue.
     
  9. MikeOPensacola

    MikeOPensacola VIP Whale

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    Curious about their profits/losses for the quarter.
     
    Annual Summer Bliss in the Land of Milk and Honey!!!
  10. NickPapageorgio

    NickPapageorgio OG of the Sal Sagev Hotel

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    They are YOY figures. The Taj had a remarkably poor 2015. Its easy to have YOY increases when you're up against horrible figures. You'll see this trend continue.

    This gambling revenue increase has nothing to do with Trump's "increased" celebrity status. The few folks that would be stopping by for reasons such as this aren't driving bottom or top line figures.

    Nick:beer:
     
  11. NickPapageorgio

    NickPapageorgio OG of the Sal Sagev Hotel

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    The Trop has done a masterful marketing job. They attacked/ poached the Trump Plaza and Atlantic Club customer base upon the closure of those two properties, by honoring room/play offers, and aggressively marketing the promotion. A simple and brilliant ploy. They have also benefitted from having the 2 closest properties to them close their doors. (the aforementioned Trump Plaza and Atlantic Club) There's nothing like boosting revenue by having neighboring competitors close shop.

    Nick:beer:
     
  12. lithium78

    lithium78 High-Roller

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    They also have a new Boardwalk sound and light show, the only IMAX theatre in South Jersey, an expanded shopping area and new restaurants, and they built a new massive fitness center. Tropicana is getting people excited right now.
     
  13. ACMike

    ACMike High-Roller

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    The places doing the best are the places where you actually have a chance to win. Since CET switched out the old VP machines, I've done far better at Golden Nugget and Tropicana.
     
  14. Fet297

    Fet297 Vegas is my happy place!

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    Totally agree. The Trop has a really nice vibe. They have made multiple improvements over the past couple years which have enhanced the overall experience. You can truly stay there and never leave the property as it has multiple gaming options and great food choices to fit everyone's budget. Plus access to the quiet beach in the summer is wonderful!

    The Nugget has done the same with upgrades and has become a good property to visit if ocean access is not at the top of your list. There are less/no beggars trying to shake you down and you can still walk to Harrahs and Borgata if you feel the need to leave the property. As an added benefit the also offer free parking.
     
    First trip for 2017!
  15. jerseyguy

    jerseyguy VIP Whale

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    Funny,we've done better at Harrahs than at GN. Mrs. has, I NEVER win.Do the paytables actually make a big difference if you're a low-roller?
    Heading down there in a little while ,Cet at least gives us rooms GN never.
     
  16. ACMike

    ACMike High-Roller

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    It's not even pay tables, which aren't much different. It just *feels* like CET's new server-based VP machines don't pay as well. That's my experience over the past 2 years, anyway, it could be purely anecdotal. The older machines seem to give you a lot more full houses, which allow you to keep playing far longer.
     
  17. jerseyguy

    jerseyguy VIP Whale

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    Thanks Mike,Mrs. was up over a hundred at a machine on the floor ,gave it back at the Eden later. I managed to hit a 4 of a kind on dbl,dbl bonus at the Poker Bar which brought me back to near even.
    She cancelled the room this sunday says we should stay away a while,this I really gotta see.
     
  18. hail2skins

    hail2skins Low-Roller

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    February numbers out today and AC had a nice month, with brick-and-mortar posting an overall 13 percent increase in gaming revenue over Feb 2015. Borgata led the pack with a whopping 30 percent gain, but all had pretty healthy increases with the exception of the Taj (flat) and Caesars (down 8 percent).
     
  19. spdandpwr

    spdandpwr Low-Roller

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    Wow, didn't think Harrahs brings in that much. And never realized it brings in more than Caesars. Strange given that I get much better comps at Harrahs -- literally they award me any room on a Friday night, I get stuck at the temple tower at Ceasars. :(