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Revel Atlantic City Offering $100,000 Loss Rebate

Discussion in 'Non-Vegas Hotels & Casinos' started by gkbiiii, Jun 24, 2013.

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  1. gkbiiii

    gkbiiii MIA

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    For those of you who go to Atlantic City, so BIG NEWS!!


    Revel Atlantic City Offering $100,000 Loss Rebate

    For the month of July, Revel Hotel & Casino is offering to rebate player losses after the first $100 player loss for the month of July.

    After the first $100 loss, Revel will rebate all further player losses at 100% for the full month.

    The loss cap is a full $100,000 of loss for July, which will be covered by 20 weeks of player redemptions.

    Also, Revel will match one rival casino offer ($500 Max) daily.

    http://www.4flush.com/casino-news/re...s-rebate/14205

    http://www.revelresorts.com/events/w...-you-cant-lose
     
  2. TheseGoToEleven

    TheseGoToEleven Newbie

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    Wow. They must really be hurting.

    Looks like 2009 all over again.
     
  3. 44inarow

    44inarow VIP Whale

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    They spent $2.4 billion on the place and are frequently dead last or next-to-last in revenue in Atlantic City since opening a year ago. "Hurting" is an understatement.
     
  4. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

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    Too far up the boardwalk, no smoking, very expensive rooms and a not a very friendly place to visit doesn't help.

    I didn't stay long but I liked the view of the Boardwalk taking the escalator out to leave. The Marina properties (Borgata, Harrah's or Golden Nugget) and center Boardwalk (Caesar's, maybe Bally's though not sure about their rooms) would be my preferred options for a future AC trip.
     
  5. hammie

    hammie VIP Whale

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    They now have smoking areas.
     
  6. Huddler

    Huddler VIP Whale

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    They saw themselves as more of a resort rather than a casino. They didnt seem to encourage gamblers to come there. Sort of like how some of the Vegas casino's are seeing their properties as less and less a casino and look to other areas for revenue. Ive read their poor gambling rules and lack of emphasis on gaming, kept the gamblers from coming there. Would anyone go to AC for just a resort without gambling there? Nope. I was in AC last winter and had read that the gambling sucked at Revel so I never even went in there. Revel found the hard reality is that gambling cannot be de-emphasized. I hope the Vegas "resorts" discover that same thing.
     
  7. gkbiiii

    gkbiiii MIA

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    This is the same problem that the Cosmopolitan in Vegas is having. These places are too expensive to survive on only non-gaming revenue. The casino is the MOST important income generator, not the LEAST!!!
     
  8. Huddler

    Huddler VIP Whale

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    Yeah, Cosmo isnt making money now. But once they arent the newest hip place on the strip, they are going to be in real trouble. A resort that de-emphasizes gambling has a better chance in Vegas than AC, but I still believe they are doomed using that model.
     
  9. saintpauljeff

    saintpauljeff VIP Whale

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  10. JWBlue

    JWBlue VIP Whale

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    http://www.4flush.com/casino-news/revel-atlantic-city-offering-100000-loss-rebate/14205

    This is a slot rebate. Here is the catch.

     
  11. lotso-bear

    lotso-bear VIP Whale

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    +1.

    Even though they don't like it, they have to built a bus area so that they can get some of the transient gamblers. If not, here comes another bankruptcy!
     
  12. jerseyguy

    jerseyguy VIP Whale

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    MY idea for Revel

    Instead of where they built ,I would have bought the property,if available that MGM passed on between Borgata and Harrahs . Would have poached people from both properties. Theres a boardwalk there already that you can walk between hotels. Also the Golden Nugget is a 15 min .walk from Harrahs.
     
  13. MangoPort

    MangoPort Low-Roller

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    What a terrible idea (for them as a business). All this is going to attract is either a) locals looking to fully take advantage of the system - generally the most unprofitable gamblers, or b) tourists that didn't read the fine print and are going to feel slighted by the misleading advertising.
     
  14. DMSCR

    DMSCR High-Roller

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    Revel sucks. Trying to be something in Vegas but it is not going to work since the whole atmosphere and clientele are different. I find the Showboat next door to be light years ahead and better in terms of the whole experience. Only good thing about it was that the floor was once smoke free but not anymore.
     
  15. Kickin

    Kickin Flea

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    Wow just saw this and its pretty crazy. I have to hand it to them for at least admitting they've made mistakes right at the beginning of that video. Big shift from the arrogance they showed for such a long time in the beginning when they were suffering. But like MangoPort said I think this promo will just bring in a lot of locals who will game the system and then go back to their normal casinos. Revel still needs to offer the right gaming environment and conditions.

    I do like the idea of them matching freeplay offers from other casinos. I get like $200 most months from some of the CET casinos but they're split into vouchers for like $20 on 10 different days so they're kind of useless to me. I wonder if Revel will just match the entire $200 in one shot.

    And it sounds like this loss rebate works for VP also. That makes it a no-brainer for a lot of the nearby locals who play VP.
     
  16. hammie

    hammie VIP Whale

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    Playmate Dancers this Weekend at Revel


    I have to remember to wear dark pants.
     
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