Quote:
Originally Posted by freddymo
What was it 5 years ago?
Borgata: 1. Borgata had a terrific qtr. 2. The property continued to lead the Atlantic City market in revenues despite operating with 10% fewer slot machines and a closed player lounge for half of the qtr. as they prepare for the public space expansion that opens around the end of June. 3. The property's EBITDA was $65.3m, an increase of 15% over 1Q05. 1. This was the property's second highest ever behind only last summer's record qtr. 2. The first record best EBITDA occurred in Jan. through March, winter when nobody has posted [big] numbers like that. 4. Borgata's EBITDA margin was nearly 35% in 1Q06 with 54% of the revenue increase from the prior year coming to the EBITDA line.
These days are LONG GONE BRO
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Thats every business in the US with few exceptions. You are comparing a completely different economic climate.
I am not comparing Borgata 2010 to Borgata 2005. I am comparing Borgata to any other casino in AC. Why has it thrived, and by "thrive" I mean continue to turn a healthy profit, while the others have failed?