Tuesday, May 24, 2011

East Coast Gaming Congress

Day 2 of the congress started with members of the state legislature and the Mayor of Atlantic City
addressing the group.
They were followed by several CEO's of the top gamimg operations in the country giving their views
on their respective organizations and Atlantic City. They all gave reasons for making reductions in
labor costs. Only one mention a change in morale and a drop in customer service.

The survey that examine customer spending was presented. Booklets provided a graphic breakdown.
Internet Gaming was hailed as the next frontier for casinos. The question is whether a federal law or a state
mandate would be the best way to regulate it.There was not a consensus on what is the best way.

The wall street view was one that gave some hope.There is money for smaller projects with strong
balance sheets. The climate is still not right for mega investments for casinos.

                                        Tomorrow I will talk about the Revel Project .       

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