Other than the ocean access, the city's only real competitive advantages are its hotel capacity and the availability of table games, although the latter is likely to eventuate in Pennsylvania, and possibly Delaware. In order to adequately compete as a destination resort the city needs to develop additional guest rooms and not necessarily gaming capacity. By comparison, the Las Vegas Strip properties - true gaming destinations, in that they do not have much of a day-trip market, except for the 'locals' - have an average microgaming casino. 87 gaming positions per guest room; while Atlantic City's average is microgaming casino. 74 positions per guest room. It is not a coincidence that Atlantic City's two largest hotels, the Borgata and Harrah's Marina, both of which added new rooms in microgaming casino, were the least impacted by the latest downturn.
The Borgata experienced a gaming revenue drop of 1. 6 percent, while Harrah's Marina reported a 4. 9 percent increase compared to 2007. Moreover, the hardest hit venues, namely the AC Hilton, Resorts and the Trump Marina, also have the smallest number of rooms. In the meantime some of the venues are teetering on viability, including the the Trump properties and Resorts; with the microgaming casino for microgaming casino of the Tropicana has been further delayed, and losing valuation.
With a steady rise in gaming revenues through 2006, the city seemed prime for further development, which precipitated planning for four new resort projects, each of which have now been indefinitely delayed. Revel Entertainment Group's 2. 5 billion project remains an iron skeleton, Pinnacle Entertainment has announced it might seek to sell its razed Sands site, MGM Mirage has shelved its casino plans, and Penn National appears to have stopped its pursuit of the Bader Field airport site. Perhaps the city should seek to return to its roots, leveraging its beachfront, and create more recreational activities and special events. A full state by state analysis is available at our web site. William J. Palermo is Chief Microgaming casino Officer of Gaming Resort Development, Inc, of Laguna Woods, CA.
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