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What Casino Recession?

Howdy

Was at the Borgata on Saturday. I usually park in the rear of the garage on Level 4. It gives me a chance to exercise the old legs and pumper. I also have less of a chance of backing up into a car. Well the level was unusually packed, so I ventured up to level 5. The casino had been rather quiet the last few months, so this was a change of pace.

As I entered the playground and asked a guard "Why so many people?" he responded "Holiday weekend!"

So ,what I took from that was people still got some bread for "entertainment"..they are just being more selective of when to unlease it.

I personally think that if they had a big promotion every weekend to boost business,players would come out of the woodwork. A no brainer of course.?My father worked at a plant that showed a huge profit one year. Next year the profit was less then the previous year. Instead of being grateful for still being on the plus side, they considered the year a loss because it? didn't match up to how much was earned the year before.

If it cost the casinos more to draw the patrons in because of the economic climate then so be it. This is Basic Business 101.

Wake up!

Professor Grumpy

[Non-text portions of this message have been removed]

BANDSTAND54 wrote:

Was at the Borgata on Saturday ...
As I entered the playground and asked a guard "Why so many people?"
he responded "Holiday weekend!"

So, what I took from that was people still got some bread for
"entertainment"..they are just being more selective of when to
unleash it.

I personally think that if they had a big promotion
every weekend to boost business,players would come out of the
woodwork.

Don't assess anything in AC by using Borgata as your standard... it
stands in a universe to itself and is driven my starkly different
market factors.

Witness that Borgata's 2008 casino hold was off a mere 1%, in contrast
to the balance of AC casinos which are reported as averaging a 9% fall
off.

I've observed a couple of blow-out AC promotions at Boardwalk casinos
this winter. They yielded a bare uptick in floor traffic. The
S,Central NJ/PA/DE crowd is of more modest means than the average
Borgata guest and are much more protective of their pocketbook.

- H.

Harry

Borgata seems to attract a more "moneyed" crowd but "generally' speaking I stand behind my post. Increase the come-on and they will come on.

Grumpy

ยทยทยท

-----Original Message-----
From: Harry Porter <harry.porter@verizon.net>
To: vpFREE@yahoogroups.com
Sent: Sun, 18 Jan 2009 4:44 pm
Subject: [vpFREE] Re: What Casino Recession?

BANDSTAND54 wrote:

Was at the Borgata on Saturday ...
As I entered the playground and asked a guard "Why so many people?"
he responded "Holiday weekend!"

So, what I took from that was people still got some bread for
"entertainment"..they are just being more selective of when to
unleash it.

I personally think that if they had a big promotion
every weekend to boost business,players would come out of the
woodwork.

Don't assess anything in AC by using Borgata as your standard... it
stands in a universe to itself and is driven my starkly different
market factors.

Witness that Borgata's 2008 casino hold was off a mere 1%, in contrast
to the balance of AC casinos which are reported as averaging a 9% fall
off.

I've observed a couple of blow-out AC promotions at Boardwalk casinos
this winter. They yielded a bare uptick in floor traffic. The
S,Central NJ/PA/DE crowd is of more modest means than the average
Borgata guest and are much more protective of their pocketbook.

- H.

[Non-text portions of this message have been removed]