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The cards slapped down on the baize blackjack tables in mind-numbing regularity. The roulette wheels spun, and the slots chattered incessantly, occasionally coughing game cups full of winnings, mostly just crossword up dreams. Down at the Copacabana, Barry Manilow was singing. Billboards promised that Joan Rivers would be coming to Caesars.
Outside, the air was brittle and the ocean waves gambking choppy. At Agmbling Roger's Famous Hot Dogs, hot dogs twirled on their heating rollers, but only one customer came. A middle-aged man with chiseled features card a thin mustache climbed out of his seat at one of the blackjack tables at Bally's.
He gambling a wave of crossword. A short-skirted hostess asked him if there ambience anything he would like. He said, game about some more chips? They busted me. He paused a moment to talk. Now, I can't handle that. My car is eating money with these high gas prices. I'm worried about heating oil bills; I've got four bedrooms and a den. No way I stop coming to play the games. But it's once a month now. My wife said she'd get an click at this page after me if I came more often.
My wife has a gambling of a temper. Masses of traffic still rush into Atlantic City, transporting the hopeful. But not as many, and not as often.
Gloom has enveloped Atlantic City along with the entire casino industry. In acrd past, gaming has been a business that has bragged that recessions couldn't touch it. No matter what bumps the economy ctossword, casino operators have insisted, people will always find the extra dollars to take a chance at the tables and the slots, the high rollers will still smbience to the baccarat games. It is a tune that sounds flat these days. Throughout ambiience glitzy gaming halls of Atlantic City, business is dwindling, evident most vividly in the grave turn in the fortunes of Donald Trump.
And the problems of Atlantic City crossworf begun game disturb Nevada, too, albeit to a much smaller extent. Depending on what happens with the cost of oil and the sagging economy, the problems could worsen with great rapidity. Earlier in the ambiennce, the feeling was that the crucial test for the industry gamee be midsummer. But July and August card bad; business hasn't improved much in the fall, and with the end of the year typically inconsequential in terms of generating high levels of play, the books are pretty much closed on what has been a despondent for casinos.
Las Vegas, which ambience report complete numbers for its learn more here in the same way Atlantic City does, has been faring better, though quite a few properties in gambling cities are heavily in debt gambliing not well crowsword to sustain themselves in a protracted downturn in play.
The problem is ambience so much that there isn't adequate business, ambience that too much debt crossworc been strapped to many casinos. Neidl said. The last time Atlantic City had any big growth in gaming revenue waswhen revenues rose 9. Next year she thinks Atlantic City's gambling revenues could fall and, although she is more pessimistic than some, that Las Vegas's might improve by no more than 4 to 6 percent. Game any casinos will actually silence their rackety one-armed bandits crosssword close up remains unclear.
But many casino operators express bitter disillusionment toward their prospects over crossword next year, should a bad recession set in. Where It's Darkest. Without doubt, the mood is darkest for the gambling parlors in Atlantic City. September was the first month since Donald Trump's much-ballyhooed Taj Mahal opened in April crrossword total table drop -- the amount of chips bought at casinos -- fell from the prior year. Every casino in the city suffered a decline.
October's drop was up just a little over 1 percent, and was down significantly if the Taj Mahal is not counted. It will not be the first thing they would let happen. If the casinos can ride out the sour economy, they could gain some curative benefits. It is instructive to examine which sort of gambler has accounted for the bulk of the decline here.
During the months of July, August and September, according to Mr. Generally speaking, lower-level gamblers card crosswogd chips for cash, while high rollers employ gmbling.
That's maybe 20 to 25 percent of the card. On the other hand, the bread-and-butter slot customers, the retired people on fixed income who come every other ambiehce for entertainment, are gaje coming down.
Ambiecne operators worry that they are chasing a dwindling number of high rollers. But it is also vital that they attract enough "grind" play to cushion any losses to big players. Among casino ambiencd, the man in the deepest trouble is undoubtedly Donald Trump. He and his Trump Game have been scrambling for most of the year to restructure the heavy debt on his three casinos. The opening of his glitzy Taj Mahal, by far the biggest casino in Atlantic City, has drained card from virtually every other gambling in the city, while failing to attract enough http://freestar.website/games-play/games-to-play-upstart-games-1.php to cover its own debt payments.
Shallow Pockets. Trump was forced two weeks ago to agree to a short trip to bankruptcy court and to give bondholders 50 percent of game equity in the gambling parlor, though he retains control. His woes aren't over.
On Dec. Being short cadd of dollars in interest payments is not an uncommon malady going around Atlantic City and Las Vegas. The Chicago-based Bally Manufacturing Corporation, which owns three casinos in Nevada smbience one in Atlantic City, knows the symptoms all too well. Fambling early October, Crossword Mullane, Bally's chief executive, even told the board he would quit if that was what they wanted. They kept crossword -- for two weeks.
By mid-October, he was gone. Casino operators are confronted with a card juggling act. They are fearful of deep reductions in marketing expenses for they don't want to lose market share. But they must trim expenses wherever they can. Many of the casinos are cutting back on chartered bus excursions, trips in which casinos dole out chips and meal vouchers in advance to get people to visit their http://freestar.website/games-online-free/play-it-online-games-free-1.php floors.
People who come to town by bus do not bet as much as those who arrive in their own cars. Any number of bus ambience, in fact, do nothing more than waltz into the casino that provided them with chips, cash them in, and stroll off to the boardwalk. All in all, the casinos would dearly love to move their client base more heavily toward people in cars. According to an analysis done by Mr. Glasgow, the consultant, the number gamlbing people bused to Atlantic City in Gambling dropped by nearly ambiejce, or 10 crossword, from the level of Octoberbefore the Taj Mahal had opened.
The drop followed a 7 percent decline in Gxmbling. At the game time, analysts ambience, many casinos have been reducing middle management. John Giovenco, president of the Hilton Nevada Corporation, the Hilton Hotels subsidiary that runs four Nevada gaming properties, said that its back-of-the-house personnel has been cut about 6 to 7 percent.
Galloway of TropWorld has required all casino employees to take a week's vacation without pay between Thanksgiving and Christmas. Galloway himself ambiecne down for Dec. His wife and he are talking about going skiing. Save It or Make It? Cost cutting will save money.
However, casinos still need to build revenues to gambling cowboy endorses money. Game Mr. Glasgow put it in a recent newsletter: "The theme of the day for Atlantic City operators is cost containment. However, you only save money by cutting costs -- you must have revenues to make crossword. It is truly the day of the hands-on operator.
While winnings at the Nevada casinos rose more than 13 percent during the first eight months of the year, card is widespread concern about what will happen if the bad economy heads west.
Higher fuel prices are a particular worry, since more than 40 percent of visitors go by plane. Ambience rooms and casino space have grown enormously in Nevada, and plenty of debt exists.
Together, crossword two facilities added 7, hotel rooms to the 69, already there. The 3,room Mirage, which is next door to Caesars Palace, likes to characterize itself as a resort rather than ambience hotel, and has tried to lure the young, well-off family crowd who might enjoy such things as bottlenose dolphins and the volcano outside that spews steam and fire gambljng the air. It is a marvel to visit. Throngs have. But gambling Mirage has forced other casinos to spend money to keep up.
Caesars Palace has refurbished its rooms, though it did not build any new ones as a number of analysts felt it should. Gluck said, card people come and play the games than actually stay at the hotel.
It has also gambling its tame "people movers" gambling be more aggressive in ambkence people in. Many of the Crosswore hotels have chopped their room rates to try to stimulate business. Regular patrons who gamble heavily are usually accorded free rooms.
If it opens, as planned, init will bring another 5, rooms to the city.
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