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  1. #1
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    The Monthly Let's LOL At The Evil Empire

    in an effort to bring the fine readers of PFA up-to-date on the failings of the evil empire, ill be posting monthly Atlantic City gaming revenue results so we can see how terribly mismanaged this dogshit company is...

    and as expected once the new revel and the new taj re-opened, results at the evil empire have gone into the shitter even more than they were to start the year...

    this is also for the amusement of my man, san...

    OCTOBER 2018
    https://www.nj.gov/oag/ge/docs/Finan...ctober2018.pdf

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    the evil empire posted strong gaming revenue results in AC in October 2018 compared to October 2017...ballys was down 15% Y/Y, caesars was down 21% Y/Y, while harrahs was down 22% Y/Y...in comparison most properties were down less than 10% Y/Y, while the trop was up...

    yearly results are just as impressive...for the first 10 months of the year harrahs gaming revenue is down 8% Y/Y, ballys is down 10% Y/Y, and caesars is down 15% Y/Y...for the first 10 months of the year the evil empire is down $80M in gaming revenue from 2017 to 2018...CAN WE GET A PFA BRAVO FOR THE EVIL EMPIRE!!!

  2. #2
    Diamond Tellafriend's Avatar
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    AC notwithstanding, what do you think about the stock here at 7? It just emerged from BK so surely that’s not an option again right ? Can they be bought ?

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    Owner Dan Druff's Avatar
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    I realize AC is a mess and is again getting oversaturated, but I also have to say that Caesars properties in AC are incredibly customer-unfriendly and difficult.

    I'm not the slightest bit surprised that they're suffering more than the others.

    When I went there in spring 2017, I was on my Seven Stars trip and tried to get a suite.

    Keep in mind that every single market I've visited on my Seven Stars trip was willing to give me a suite provided it was available and provided it wasn't a busy time.

    Not AC.

    It was a big, hard NO from them, both in advance and when I got there.

    Keep in mind I was coming in MID WEEK in April and it was dead as a doornail in town.

    First they tried lying to me and saying none were available.

    Then they reluctantly admitted there were some available, but they were "holding them in case high rollers show up tonight, since it's only 7:30pm right now."

    So I said, "Okay, how about I come back down at 2am, and if they're still available, you can switch me to a suite?"

    Knowing I caught her in a lie, she started stammering that "2am is still too early", so I asked her what time and I'll come down then, and finally she got flustered and said I needed to speak to a host.

    Host got on the phone. He said, "You know, it's too bad you booked Caesars, because that's where suites are card to come by. Had you booked Harrah's or Bally's, I could have gotten you into one."

    I responded, "I call. I haven't checked in yet. Switch me to Harrah's or Bally's and I'll take that suite."

    He started stammering just like the front desk woman and was digging really hard to come up with his next BS excuse.

    Finally I stopped him and said, "Look, I have been around the casino scene for decades. Why not just admit to me that I'm from out of the area, you don't know me, and you don't want to waste a suite on someone who may just be visiting and not planning to play?"

    He finally sheepishly admitted that I was right. LOL

    Anyway, I ended up with just a regular room (which kinda sucked since I had the whole family with me), used my $500 in food credits, and bounced a day early. Decided to visit Amish country on my last day instead, which was actually interesting to see.

    I got back home and thought I probably just dealt with assholes and got unlucky. I posted it about it on my vegascasinotalk forum, and a number of people chimed in with similar experiences to mine. Then I talked to Brandon, and he told me the exact same shit happened to him just a few months prior.

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    Quote Originally Posted by Tellafriend View Post
    AC notwithstanding, what do you think about the stock here at 7? It just emerged from BK so surely that’s not an option again right ? Can they be bought ?
    don't want to give any investment advice and im obviously horribly biased, but I wouldn't touch it with a 10 foot pole...

    I don't think they can be bought because I would think that if somebody like MGM bought them they'd have to divest a decent chunk of the properties due to competitiveness issues...

    I mean I don't know about the operations of the company out in vegas...it could be fucking amazing out there and they're obviously making money out there, but I believe AC is their 2nd (possibly 3rd) biggest market and it's run terribly almost like it's the redheaded step-child instead of a place that contributes tens of millions in EBITDA a year...I understand that vegas should be the focal point of the operation because they drive the revenue and bottom line, but AC generates tens of millions of dollars a year in profits and that shouldn't be ignored...

    plus the CEO is leaving at the end of the year, which I wouldn't want to be a part of either...lord only knows what fucktard theyre gonna put in there next...

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    that's such LOL fail druff…

    I get why they didn't want to offer you and brandon suites since you guys are not from the area...HOWEVER (which I wish I could blow up the font so this word covers the whole page) you are right about going there in april...im sure you know this, but in case people who read this don't know this...AC is a HUGELY seasonal market...I cant stress that enough...there is peak season (memorial day to labor day) and the off-season/shoulder season (labor day to memorial day)...I wish I remember, but if I had to ballpark I would say that the region probably made like 67% of it's money in the peak season which is only 3 months long...during the shoulder season the casinos on weekdays are fucking dead...literally dead...like hotel occupancy rates during the weekdays of like 30%...I would take daily walks through and kinda chuckle to myself that these places that were supposed to have all this action were about as quiet as a church...

    so for a 7* to come through during our shoulder season and not be upgraded is so laughable...it's a shot that should have been taken...they were just too cheap to want to pay the daily cost to clean the suite, im damn sure that's the reason...the region is STARVING for 7*s, especially if you were there mid-week...they shoulda been getting down on their hands and knees and sucking you off...at bareass minimum they should have put you into a suite at fucking ballys…there aint no way on this fucking earth that there is going to be a rapid influx of 7*s coming to AC in april clamoring to stay at fucking shitty ass ballys...ballys is a fucking dump and there were more than a few times I saw homeless people just roaming the casino...

    reading shit like this makes me so glad I got shitcanned from that fucking dump...this is just no way to run a business...

    tellafriend this is the kinda company you really don't want to put a dime into...you're better off playing blackjack with that money...

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    November results came out a few days ago and another strong month for the evil empire's AC operations...caesars leads the way only being down 2.8% in gaming revenue Y/Y, while bally's (-7.5%), and harrah's (-10.9%) also posted VERY strong results...



    this has led to the region now being down a grand total of $86M in gaming revenue Y/Y...I am hopeful these useless fucks can hit the ol' $100M mark, but it's gonna take a ton of shit results to hit that mark...but that's certainly within the wheelhouse of the evil empire...

    on a side note, im scratching my head on how the ocean (former revel) can keep their doors open on $12M in gaming revenue (not counting online/sports book)...im too lazy to go back and look at what the revel's monthly gaming revenue results were, but i'm damn sure they were a helluva lot more than that even in the off-peak season...with these results ocean is the smallest casino in AC, smaller than resorts which is a total low roller paradise and bally's which is a total shithole...I get that casinos have ancillary revenues like hotel and F&b, etc, but if you are making money in those areas that should translate to gaming revenue...people aint just magically driving down to AC to have a meal and not gamble...

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      Sanlmar: This is actually a funny post

  7. #7
    Plutonium Sanlmar's Avatar
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    I need a Makers Mark and a quiet moment to savor the numbers.

    If you invested in a basket of big casino stocks like the ETF BJK you would have made exactly zero in the past 7 years. This is absolutely astounding given the monumental stock market run we’ve been on.

    I have been short my own little basket of beauties and see no reason to bail. Never been lower and has more to give.

    CZR is dumber than the rest.

    Big casinos are a dinosaur. Said it the day I started here and some of the stocks are a third of what they once were since then. MGM and that boondoggle in Boston is less than a third. Steve Wynn was a catalyst that shown a light on a bad business.

    LVS and Adelson got halved this year

    Like how can you fuck up when money was fucking FREE this past decade? I’ve already explained the problem with the model countless times.

    I enjoy the hate GBCP.
    Last edited by Sanlmar; 12-16-2018 at 10:30 AM.

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    Diamond Tellafriend's Avatar
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    Quote Originally Posted by Tellafriend View Post
    AC notwithstanding, what do you think about the stock here at 7? It just emerged from BK so surely that’s not an option again right ? Can they be bought ?


    Ahem...…


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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by Tellafriend View Post
    AC notwithstanding, what do you think about the stock here at 7? It just emerged from BK so surely that’s not an option again right ? Can they be bought ?


    Ahem...…


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    hope you made money on that man, but that's one big dog with a lotta fucking fleas...

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    I think I need some game show intro music here...

    ANNNNNNNNNNNNNNNNND NOW IT'S TIME FOR 'HOW BAD IS THAT FAIL'??

    Pretty great month for the Evil Empire in February...Guessing the chirping to corporate is going to be how there was a Polar Vortex in February which caused people not to come to the casinos or people being negatively affected by the Jussie Smollett news or some combination of flimsy fucking excuses on why they didn't meet their gaming numbers in February...Knowing the Evil Empire, they probably budgeted gaming win to be roughly flat Y/Y so the fail is real..



    MONTHLY RESULTS:
    Ballys: DOWN $1.5M/-10.3% YOY
    Harrahs: DOWN $4.1M/-14.5% YOY
    Caesars: UP $2.0M/10.7% YOY

    what im guessing happened at caesars is that they got their asses beat last year by a high roller or they beat a high roller this year, thus leading to favorable YOY numbers because it makes no sense that the other two properties got clobbered while caesars did well...

    but don't worry folks the fail is still real with the YTD results...

    YTD
    Ballys: DOWN $2.1M/-7.8% YOY
    Harrahs: DOWN $6.1M/ -11.8% YOY
    Caesars: DOWN $2.8M/-7.0% YOY

    banner start to the year guys!!! keep up the good work!!!



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    shit im slippin...this shit has been out for a few weeks now...

    HUGE SHOUTOUT to caesars AC for posting a Y/Y increase in april!!!! good fucking job, now you're only down 3% Y/Y YTD...LOL...

    LET'S GO HARRAH'S AC, let's see if you can hit down a 20% decline in gaming revenues Y/Y!! fucking mong ass retards...I see you joey boy, you're running a great oppo there bud...fucking dumbass...

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  12. #12
    Diamond Tellafriend's Avatar
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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by Tellafriend View Post
    AC notwithstanding, what do you think about the stock here at 7? It just emerged from BK so surely that’s not an option again right ? Can they be bought ?


    Ahem...…


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    Bump.

  13. #13
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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by Tellafriend View Post



    Ahem...…


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    Bump.
    hope you made some money holding that flea ridden shithole of a company...

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