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(Marketwatch)   Weakness in Atlantic City gambling buries Caesars   (marketwatch.com) divider line 15
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864 clicks; posted to Business » on 12 Aug 2014 at 8:28 PM (9 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-08-12 07:52:58 PM  
It's not like AC was nice to begin with.  Now that other places have newer, better casinos within driving distance the entire eastern seaboard isn't subject to a mobbed-up, made up town full of guidos and hucksters.
 
2014-08-12 08:46:08 PM  
I attribute the failure to changes in their core demographic, coupled with the overall crappiness of Atlantic City.

Actually, market saturation has more to do with it than anything.  There are two big casinos (and a resort casino) in Philadelphia.  A big one in Allentown, at least one in Deleware, plus a bunch scattered within a days driving distance.  In fact, Pennsylvania recently surpassed AC for having more casinos of any place outside Las Vegas.

If you want to gamble, a lot of north-easterners have options an hour or so from home.  Las Vegas is still a tourist destination, because unlike Atlantic City, it has a lot to offer outside of throwing your money away.
 
2014-08-12 09:07:07 PM  
Caesars was ambitious...
 
2014-08-12 09:36:13 PM  

Great_Milenko: I attribute the failure to changes in their core demographic, coupled with the overall crappiness of Atlantic City.

Actually, market saturation has more to do with it than anything.  There are two big casinos (and a resort casino) in Philadelphia.  A big one in Allentown, at least one in Deleware, plus a bunch scattered within a days driving distance.  In fact, Pennsylvania recently surpassed AC for having more casinos of any place outside Las Vegas.

If you want to gamble, a lot of north-easterners have options an hour or so from home.  Las Vegas is still a tourist destination, because unlike Atlantic City, it has a lot to offer outside of throwing your money away.


Now Maryland is getting in the casino action too, they have one near Annapolis and they're about to open one in Baltimore. They also got approval to build a huge Casino resort near DC.

You're right, when you got casinos that close to home, why bother going to Atlantic City?
 
2014-08-12 09:48:59 PM  

Mrtraveler01: Now Maryland is getting in the casino action too, they have one near Annapolis and they're about to open one in Baltimore. They also got approval to build a huge Casino resort near DC.

You're right, when you got casinos that close to home, why bother going to Atlantic City?


I live in VA just south of DC. At one time I was going to AC every two to four weeks. Haven't done that in years, considering I'd pass 3 nicer casinos just to get there. Maryland Live is an hour away and makes a lot more sense now anyway.
 
2014-08-12 10:11:49 PM  
I have not come to play Caesars, but to bury him.
 
2014-08-12 10:26:59 PM  
I live in Jersey and AC is a 40 minute blast down the AC Expressway and I still have no desire to drive there.. shiatty payouts, shiatty town, shiatty day out..
 
2014-08-12 10:30:44 PM  

Mrtraveler01: Great_Milenko: I attribute the failure to changes in their core demographic, coupled with the overall crappiness of Atlantic City.

Actually, market saturation has more to do with it than anything.  There are two big casinos (and a resort casino) in Philadelphia.  A big one in Allentown, at least one in Deleware, plus a bunch scattered within a days driving distance.  In fact, Pennsylvania recently surpassed AC for having more casinos of any place outside Las Vegas.

If you want to gamble, a lot of north-easterners have options an hour or so from home.  Las Vegas is still a tourist destination, because unlike Atlantic City, it has a lot to offer outside of throwing your money away.

Now Maryland is getting in the casino action too, they have one near Annapolis and they're about to open one in Baltimore. They also got approval to build a huge Casino resort near DC.

You're right, when you got casinos that close to home, why bother going to Atlantic City?


Don't forget West Virginia.
 
2014-08-12 10:36:33 PM  
I used to hit AC or Vegas, now I had a 30 minute drive to a casino in Indiana.
Why the fark would ANYONE go to AC now?

Vegas is still fun for a vacation.
 
2014-08-12 10:53:05 PM  

syrynxx: I have not come to play Caesars, but to bury him.


Beware the ides of August...
 
2014-08-12 11:00:36 PM  
Friends, Romans, Countrymen! Lend me a couple billion dollars.

//sestertii?
 
2014-08-12 11:21:05 PM  

ZMugg: Mrtraveler01: Great_Milenko: I attribute the failure to changes in their core demographic, coupled with the overall crappiness of Atlantic City.

Actually, market saturation has more to do with it than anything.  There are two big casinos (and a resort casino) in Philadelphia.  A big one in Allentown, at least one in Deleware, plus a bunch scattered within a days driving distance.  In fact, Pennsylvania recently surpassed AC for having more casinos of any place outside Las Vegas.

If you want to gamble, a lot of north-easterners have options an hour or so from home.  Las Vegas is still a tourist destination, because unlike Atlantic City, it has a lot to offer outside of throwing your money away.

Now Maryland is getting in the casino action too, they have one near Annapolis and they're about to open one in Baltimore. They also got approval to build a huge Casino resort near DC.

You're right, when you got casinos that close to home, why bother going to Atlantic City?

Don't forget West Virginia.


I gotta wonder how those are doing now since those casinos were built to attract gamblers in places like Pittsburgh, Cleveland, and Baltimore/DC before those places legalized gambling.

When the ones in Pittsburgh opened up, the buses from Cleveland started coming down there instead of going to West Virginia. And now that the ones in Ohio are opening up, PA is suffering lost revenue as a result.

West Virginia probably got a double whammy by now.
 
2014-08-13 03:31:20 AM  
Atlantic City's only draw was the fact they had gambling, and no one else did outside of Nevada.

And AC's attitude was (and still is) 'fark you - we're Atlantic City' - and everyone within 250 miles would accept the shiat sandwich because where else were you going to go?

And what did Atlantic City actually DO with all the gambling revenue? They sure as heck didn't do anything to improve the area. Go 2-3 blocks (and I'm being generous) away from the Boardwalk and it is an urban nightmare.

Why would ANYONE go to that cesspool?
 
2014-08-13 09:33:51 AM  
I come to call him at Caesar's, not to raise him.
 
2014-08-13 10:39:20 AM  

Mad Canadian: Atlantic City's only draw was the fact they had gambling, and no one else did outside of Nevada.

And AC's attitude was (and still is) 'fark you - we're Atlantic City' - and everyone within 250 miles would accept the shiat sandwich because where else were you going to go?

And what did Atlantic City actually DO with all the gambling revenue? They sure as heck didn't do anything to improve the area. Go 2-3 blocks (and I'm being generous) away from the Boardwalk and it is an urban nightmare.

Why would ANYONE go to that cesspool?


I went there for the first and last time a few weeks ago only because I had a free Sunday on a business trip in NJ.  I liked the Absecon lighthouse, but that's about it. Step north across Atlantic Ave and surrender all hope...
 
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