SUN: Racing's media makeover paying off

[freddymo]

Originally Posted by dalakhani

Freddy stop pulling numbers out of air. Net rev was 175 millon in the first quarter of 2010 compared to 187 million the first quarter of 2009. I think anyone that lives on the east coast could say that the 5% decline was weather related as this was a pretty harsh winter. In april, Borgata had a 2.4% year over year increase.

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