{"id":9571,"date":"2018-07-05T14:45:03","date_gmt":"2018-07-05T14:45:03","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=9571"},"modified":"2018-07-05T16:17:18","modified_gmt":"2018-07-05T16:17:18","slug":"one-week-in-how-are-hard-rock-and-ocean-resort-measuring-up","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/one-week-in-how-are-hard-rock-and-ocean-resort-measuring-up\/","title":{"rendered":"One Week In, How Are Hard Rock And Ocean Resort Measuring Up?"},"content":{"rendered":"

The official openings of New Jersey\u2019s<\/strong> two newest casinos, Hard Rock Casino<\/strong> and Ocean Resort Casino<\/strong> produced the kind of entertainment extravaganzas that the casino industry is famous for\u2014celebrities, live music, fireworks, and hype laid on top of hype.<\/p>\n

A fantastic experience for all the players and visitors to New Jersey. But what comes next?<\/p>\n

Politicians and press have touted the new casinos as being a force for regeneration in Atlantic City<\/strong>, bringing in thousands of jobs and millions of visitors<\/strong>. Estimates expected over a million visitors<\/strong> to AC over the opening weekend.<\/p>\n

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The city is expecting up to one million people to visit Thursday through Sunday with the opening of Hard Rock Hotel & Casino and Ocean Resort Casino, as well as a weekend beach concert. https:\/\/t.co\/jEC8eIf1rT<\/a><\/p>\n

\u2014 Molly Bilinski (@ACPressMollyB) June 27, 2018<\/a><\/p><\/blockquote>\n

The success or otherwise of the new casinos will be judged not by the hype, but by the hard numbers<\/strong>. For example, the revenue figures for the casinos produced each month by the New Jersey Division of Gaming Enforcement<\/strong> (DGE).<\/p>\n

Reality is that the number of casinos in Atlantic City just went up from seven to nine. That is\u00a0a 28-percent increase <\/strong>in market supply. The DGE numbers will tell the tale of whether demand has increased in line with the extra supply, or whether the demand is not as elastic as everyone hopes.<\/p>\n

Aficionados of The Wire<\/strong> may remember Stringer Bell\u2019s<\/strong> hilarious attempts to explain macroeconomics to his drug dealing subordinates:<\/p>\n

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The Hard Rock and Ocean Resort Casinos are operating on the belief that they can succeed where their predecessors, The Revel<\/strong> and Trump Taj Mahal<\/strong> failed.<\/p>\n

The rest of the AC casinos also have skin in the game<\/strong>. Will they lose market share<\/strong> to the new kids on the block or will the whole market grow<\/strong> for everyone?<\/p>\n

At this stage, all we can go on is the initial reactions from the people who will really decide the issue, the punters themselves<\/strong>.<\/p>\n

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