The Monthly Let's LOL At The Evil Empire

[Sanlmar]

Not sure where your thoughts are running. That’s not an indictment as that is pretty much how I roll through life.

Brick & mortar expense vs online or that you are entertaining the affiliate deal. Let’s see.

Let’s start with a few laughs
Gary Loveman was inducted into the American Gaming Association’s Hall of Fame.
He coincidently served on the board.

Gary Loveman was repeatedly named “Best CEO” in the Gaming & Lodging Industry by Institutional Investor magazine
This was prior to Caesars filing for bankruptcy.

Brick & mortar
Sportsbooks gotta be cheaper to run than the swimming pool. The counter people are making about the same as a life guard. Televisions are cheaper than chlorine.

All you need is a chair, an ash tray and a TV. Lol.

I have heard people wonder - will Atlantic City book more Super Bowl bets than Las Vegas?
That we are even asking that question is thought provoking. The actual answer is unimportant.

What I really want to talk about is Bet365 since you set the precedent of going off topic.

This came to my attention

Bet365 NFL Early Payout Offer

Bet is settled as a winner if your team goes 14 points ahead

Applies to pre-game single bets on the Money Line market for any game up to and including Super Bowl LIII

On the Eagles Saints - badguy would have been paid in the first quarter (they snap pay when the condition is satisfied) on his ML bet when the Eagles went up 14-0 in the 1st quarter. Eagles went on to lose, of course.

NFL isn’t the only promotion.

Never paid any mind to Bet365 as I am very happy with my book. I had to take a look.


In 1967 two women were born who went on to make mind bending money in online gambling. I am becoming aroused, so bear with me.

There was Ruth Parasol of Party Poker. A fabulous story which I will go on about with the slightest provocation. Try me. Her father was “Father of the Year”, btw.

Ruth did ok. Never did time and has a net worth of ~$1b. What a girl.

Denise Coates is the Bet365 chic. Makes Ruth Parasol look like a grinder @ ~$5b. Denise paid herself a cool $250m last year. WTF.

So how do you make money prepaying bets? The answer, “it’s none of my fucking concern”. Denise is crushing it.

This isn’t Britain or Canada. This is the corrupt United States. So whilst (british) brick and mortar is protected, physical sports books don’t cost shit and in-game wagering is now online out of necessity.

I don’t know if there is a unifying point to be found in anything written above but I feel better having done that core dump.

[GambleBotsChafedPenis]

was just trying to hit on the price that a B&M casino charges vs. what an online casino charges...getting back to your death of B&M casino theory...

why am I gonna go to a casino, have to deal with a shitty price for my favorite slot, cigarette smoke, stank gamblers, the drive to the casino when I can sit in the comfort of my own home for a waaaaaay cheaper price...don't know when that shit is coming (maybe the death of the baby boomers), but it's coming...maybe this isn't an industry problem, just an evil empire problem...they seemed to want to keep tight slot machines in a dying market...makes sense...

back to the options trading...

[Sanlmar]

How come some congressman isn’t out there trying to protect Target or the public from Amazon?

Target is just as filthy and depressing as your average Caesars property. The prospect of physically going there limits the degeneracy, I suppose

I heard they limit Bet365 to only one advert per commercial break.

You ever see these suburban woman with Pinterest and an open Amazon cart? There should be a law. All that Amazon money is probably in Luxemberg anyway.

Amazon HQ2? Mark my words, Amazon is going to buy Wynn Boston after the Mass Gaming Commission rejects the license application. Convert the whole thing to a warehouse and bed and breakfast.

[Dan Druff]

How come some congressman isn’t out there trying to protect Target or the public from Amazon?

Target is just as filthy and depressing as your average Caesars property. The prospect of physically going there limits the degeneracy, I suppose

I heard they limit Bet365 to only one advert per commercial break.

You ever see these suburban woman with Pinterest and an open Amazon cart? There should be a law. All that Amazon money is probably in Luxemberg anyway.

Amazon HQ2? Mark my words, Amazon is going to buy Wynn Boston after the Mass Gaming Commission rejects the license application. Convert the whole thing to a warehouse and bed and breakfast.

Just took a hike on Monday behind a SoCal Amazon campus which was right next to one of the November fires.

Fire got super close to the place, but not a thing ended up burned. The entire valley right below it got torched.

Bezos just keeps running well... except for in relationships.

[GambleBotsChafedPenis]

aight this is gonna be quick, forgot year end results were released...

the evil empire closed out a banner 2018 in AC with the epic fail that I have come to know and love...

ballys atlantic city gaming revenue down $21M/10% YOY
caesars atlantic city gaming revenue down $44M/14% YOY
harrahs atlantic city gaming revenue down $31M/9% YOY

all in all the evil empire was down almost 100,000,000 fucking united states dollars in gaming revenue from 2017 to 2018...that's real...that happened...props to the executive team in AC, you guys are doing a fucking helluva fucking job down there...don't let your blinding incompetence get in the way of losing $150M in gaming revenue from 2018 to 2019...you dumb motherfuckers can do it! keep worrying about how efficient your marketing efforts are while you are losing money to every single competitor you have...

[GambleBotsChafedPenis]

I should have added a disclaimer to the above post...yes I know that ocean/hard rock stole business from the evil empire (and all AC casinos)...If I had to ballpark it, I would say like 90-95% of ocean/hard rock business is cannibalization instead of incremental (them brining in new customers to AC)...and even that 90-95% estimate might be low...

I don't care enough about the evil empire to figure out what they lost due to these casinos opening, but each casino should lose whatever their market share was pre-ocean/hard rock opening...so if a casino had 20% share of the market and the new casinos did $250M in revenue, that casino "should" lose $50M in business on an equitable share basis...just judging by the other casinos' revenue numbers, they seem to have weathered the storm pretty well compared to the evil empire..

[GambleBotsChafedPenis]

HELLLLLLLLLLLLLLLLLO BEAUTIFUL PEOPLE OF PFA!! It is a great day to smell the stench of failure in Atlantic City...So without further ado let's get to the numbers!!



The Evil Empire had a strong showing to start the year:
Bally's AC gaming revenues down $600K/5% Y/Y
Harrah's AC gaming revenues down $2M/9% Y/Y and rounding out the pile of shit
Caesars AC gaming revenues down a WHOPPING $4.6M/21% Y/Y

again some of this will be cannibalization by hard rock/ocean, but as you can see the Evil Empire got it's shit packed in harder than it's competitors...

just saw my ex-boss got a promotion last year...I did my time there wrong...seems like being an absolute failure is the way to get ahead...

[Sanlmar]

Cannibalization.

Spending hundreds of millions or billions to capture the revenue you already had. ROI

It is the single dumbest industry.

We can riff about the landscape of Vegas. Look at Circa and who is behind it. Learn about Gaughn - no debt. It’s breath taking.

Gary Loveman. Great name for Valentines Day. Guy was a fucking idiot too. Didn’t hurt him a lick either. Life is strange.

[Sanlmar]

Carl Icahn -- the billionaire activist investor -- is urging the casino company to "explore a sale," according to The Wall Street Journal report, which said the company had received two recent offers.

An email to a Caesars' spokesperson seeking comment was not immediately returned.

According to the Journal, Icahn, who owns about 10% of the company, is betting that other owners would better manage the company. It noted that Eldorado Resorts Inc. and Golden Nugget LLC both approached Caesars in recent months.

Feb 21 earnings. That should be fun.

[GambleBotsChafedPenis]

oh wow didn't know ichan was involved...think he has a piece of the trop in AC and think he was the majority guy behind the taj before it became the hard rock...nugget is an interesting suitor...I don't know why the fuck anybody would want the caesars shit...theres a lotta shit properties and I still think even after the restructuring there has to be a really shit amount of debt...lotta fucking money to pay for a big database...

glad the hate comes out in my posts...I really do hate each and every one of those motherfuckers, hope they burn in hell...if there is ever another superstorm sandy that hits AC and you want to know what I look like, tune into the weather channel...I will be the fucker on the beach with a bonfire (ill figure out how to keep it going in the rain) and marshmallows watching that thing wash away into the ocean...fuck 'em...

[Tellafriend]

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...…

[GambleBotsChafedPenis]

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...…

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

[GambleBotsChafedPenis]

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!!!

[GambleBotsChafedPenis]

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...

[GambleBotsChafedPenis]

nothing makes my month more than this shit...

BALLY'S AC DOWN $1.1M/7% in April Y/Y
CAESARS AC DOWN $7.0M/24% in April Y/Y
HARRAH'S AC DOWN $1.9M/7% in April Y/Y

For the first 4 months of 2019 the Evil Empire is down $26M (-10%) Y/Y in gaming revenue in AC...kinda disappointing to this reporter as now they're only on pace to be down around $80M in gaming revenue Y/Y...GREAT JOB SHITHEADS, KEEP UP THE GOOD WORK RUNNING THAT PLACE INTO GROUND...

[GambleBotsChafedPenis]

HAPPPPPPPPPPPY FRIDAY READERS OF PFA!! It's mid-month so you know what that means!!! Laugh at the morons time!!

another strong month in may for the evil empire in AC:

BALLYS: down $400K/2.6% Y/Y in gaming revenue
CAESARS: up $600K/3.0% Y/Y in gaming revenue
HARRAHS: down $1.9M/7.0% Y/Y in gaming revenue

for the year the evil empire is down ~$28M in gaming revenue Y/Y through the month of may...unfortunately now this paces the shitheads to lose roughly $70M Y/Y in gaming revenues...they're improving!!! good job boys, keep losing that market share!!

[go_buccos]

To be fair, Borgata, Golden Nugget and Trop all had far worse months than any Caesars property on a year-over-year comparison basis, and it really isn't even close.

[GambleBotsChafedPenis]

To be fair, Borgata, Golden Nugget and Trop all had far worse months than any Caesars property on a year-over-year comparison basis, and it really isn't even close.

im far too lazy to look it up but you have to look at the fail of the entire operation over months and months and months...id be willing to bet that last year those outlets had a pretty good '18 so the comps are a bit tough...again I don't care enough to look...

and one more thing on Borgata...it's very tough to look at Y/Y comps for a property like that on a monthly basis...that is the best casino in AC that has the greatest number of high rollers...so they coulda beat the shit outta a few whales last year in a given month and not had that whale action or gotten killed by a whale this year in that same given month...

[Sanlmar]

To be fair, Borgata, Golden Nugget and Trop all had far worse months than any Caesars property on a year-over-year comparison basis, and it really isn't even close.

And yet I got shook outta my casino shorts again today. Being right isn’t enough. Rough game.

[Tellafriend]

To be fair, Borgata, Golden Nugget and Trop all had far worse months than any Caesars property on a year-over-year comparison basis, and it really isn't even close.

And yet I got shook outta my casino shorts again today. Being right isn’t enough. Rough game.

As I oft say: you can be right, and still be wrong.