A new casino is opening in Las Vegas. 3 is the number of casinos that recently closed at the shore. We don't have to guess whose model is working. What the numbers don't tell us is what goes into making it work. One word.
CORDINATION
Las Vegas welcomes a new competitor. They do this knowing that a successful competitor should expand the market. More guests and longer stays equal return trips. Atlantic City does not mirror this approach. They have more competition surrounding them in neighboring states. An analogy of AC is similar to selling a used car. Just want to get rid of it. Trump Plaza had a buyer over a year ago. Pulled out of the deal. Showboat has shown decent numbers. Not enough! The Atlantic City way out is to divide the pie up minus 3.This doesn't increase the demand. What does?
CREATIVITY
Follow me and I'll share more insight over the next several weeks as the dusk settles in Atlantic City and the sunrises in Philadelphia. Pennsylvania is the 2nd leading gaming market.in the United States.
BY THE NUMBERS
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