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Blackjack Players at the Borgata Hotel Get Lucky

Many blackjack players who have been gaming at the Borgata Hotel and Casino, run by the Boyd Gaming Corporation, found themselves the recipients of frequent prizes which amounted to a total of $9 million. The Borgata Hotel and Casino recorded strong losses worth $9 million in their third quarter and were able to trace it back to their blackjack tables.

Paul Chakmak from the Boyd Gaming Corporation commented the issue, saying that, “the most significant factor impacting Borgata’s results was lower table games revenue, which was largely a function of unusually lucky play by our customers.”

The Boyd Gaming Corporation was not pleased with the large loss in revenue that they incurred over the third quarter and began to look into the matter.

Keith Smith, the CEO at Boyd was eager to assure players that there was no abnormality or error in processing. “Everything is fine. . . . We’ve done all the diligence and looked at it. I think it is a function of luck. It happens in our business, where you can run for a number of months with a low hold,” he said.

Dave Coskey, the vice president of marketing chose to spin the angle of the story and announced, “We’ve always said that Borgata can be your lucky place. Our customers proved that during this month.”

This blog entry was posted on Friday, November 5th, 2010 at 10:46 pm and is filed under Blackjack News.

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