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Thread: Earnings Down in Expanded Atlantic City Casino Market

  1. 11-25-2018, 02:48 PM #1
    Midwest Player
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    Earnings Down in Expanded Atlantic City Casino Market

    https://www.mercedsunstar.com/news/b...222098070.html

    I really know nothing about the Atlantic City casino market, but I decided to check CBJN against which Atlantic City casinos saw their profits increase the most.

    The Golden Nugget had the largest percent increase in profits for the period, and from looking at CBJN I would have to say they are offering the best blackjack games in Atlantic City with 6 deck 1.5 pen and house edge of only 0.34%.

    Maybe someone with more knowledge of this market can comment.
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  2. 11-25-2018, 03:45 PM #2
    paymypush
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    Hard Rock has the best rules because they have surrender and similar, if not a little better penetration. No other casino in AC offers surrender. A player can request surrender in the Golden Nugget high limit room only after jumping through a few hoops. You must identify yourself with a players card and anyone else at the table must agree to allowing surrender. Let's just say you'd be surprised. At Hard Rock you don't need to ask. The good Hard Rock games are $25 minimums.
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  3. 11-25-2018, 09:38 PM #3
    Midwest Player
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    Quote Originally Posted by paymypush View Post
    Hard Rock has the best rules because they have surrender and similar, if not a little better penetration. No other casino in AC offers surrender. A player can request surrender in the Golden Nugget high limit room only after jumping through a few hoops. You must identify yourself with a players card and anyone else at the table must agree to allowing surrender. Let's just say you'd be surprised. At Hard Rock you don't need to ask. The good Hard Rock games are $25 minimums.
    Very interesting! How can the gaming commission let them sometimes offer surrender and sometimes not. Sounds like an Indian casino I know where it is at the dealer's discretion if they do something or not.
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  4. 11-26-2018, 03:28 AM #4
    paymypush
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    Quote Originally Posted by Midwest Player View Post
    Very interesting! How can the gaming commission let them sometimes offer surrender and sometimes not. Sounds like an Indian casino I know where it is at the dealer's discretion if they do something or not.
    New Jersey/Atlantic City has the Casino Control Commission and the Department of Gaming Enforcement. Both are useless to the player in my opinion.

    Since they can't ban advantage players in NJ, the casinos get a lot of leeway. I have been shuffled up on, given 50% penetration, and had my bets restricted in several different ways. At Borgata, anyone not presenting a players card automatically has their bets restricted. Also at the Borg, who doesn't love getting their very own sign restricting their bets? They place it right next to your betting spot.

    I'm not sure if that's a good analogy to the surrender but it does show that leeway that the casinos have or take. I doubt that the Golden Nugget surrender issue would ever be challenged. They'd probably just eliminate it altogether even though few are aware of it.
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  5. 11-26-2018, 03:39 PM #5
    Norm
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    Earnings in AC will remain a problem because it is a trip from any large population. Allowing online play helped. Allowing sports betting, a huge opportunity, looked like a savior. But, sports betting will spread. A Rhode Island sports book just opened. Sports betting made legal everywhere could eclipse casino gambling.
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  6. 11-27-2018, 11:02 PM #6
    Ikthor
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    Most of it has to do with the explosion of places to play. The proliferation of indian casinos across the nation has scratched the itch for lots of gamblers who used to have to go to AC, Vegas or a riverboat town. Today you can take a 1 hour trip to an indian casino that's much closer and convenient and scratch the itch. Why travel farther unless it's a vacation or major event? Most ploppies/gamblers don't really care that much about rules or ante or any of that stuff. They just want to drink, smoke, gamble and have a good time.

    Expect earnings in most places to level out as the business is spread around to more casinos.
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  7. 11-28-2018, 03:08 AM #7
    tomf23
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    Quote Originally Posted by Ikthor View Post
    Most of it has to do with the explosion of places to play. The proliferation of indian casinos across the nation has scratched the itch for lots of gamblers who used to have to go to AC, Vegas or a riverboat town. Today you can take a 1 hour trip to an indian casino that's much closer and convenient and scratch the itch. Why travel farther unless it's a vacation or major event? Most ploppies/gamblers don't really care that much about rules or ante or any of that stuff. They just want to drink, smoke, gamble and have a good time.

    Expect earnings in most places to level out as the business is spread around to more casinos.
    a lot of it has to do with how horrible ac casinos were run for 25 years. when they had a monopoly on east coast gambling they weren't well run but they were printing presses bc of zero competition.
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  8. 11-28-2018, 09:21 AM #8
    Ole
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    Sitting outside the Hard Rock at the moment, (yeh, the boardwalk is real cold), they have Late Surrender,* a great rule, and good penetration. They use 6 decks while the rest of AC is 8. The $15 table is H17 while the mere $25 tables are S17. Wow, this is as good as Philly!* Support this place, bring your non-counting friends with you too! A Basic Strategy player has a good chance here.*
    Cheers,*
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  9. 11-28-2018, 10:43 AM #9
    paymypush
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    Ole, do you see any signs on the Hard Rock tables restricting betting for players who don't produce cards?
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  10. 11-28-2018, 08:09 PM #10
    Feltfighter21
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    No sign posted, but floor/ dealer will tell you at buy in- non-rated players are limited to one hand at 10x table minimum
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  11. 11-29-2018, 03:46 AM #11
    tomf23
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    I've seen signs at the table that say the same thing
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