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Borgata COO Tom Balance on how the hotel’s guests can play slots and video poker in their rooms.
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So your revenue continues to fall what do you do you get Smart Atlantic City casino revenues were falling the data showing the January revenues dropped thirteen point 2%.
Year over year.
So what -- getting Smart betting on brand new technology that even the Vegas high end hotels don't have.
They're doing it to turn that number around allowing guests to gamble -- from their hotel room.
No more -- happy barrier.
We could make it.
Curbing naked right -- aboard got out delicacy.
You know is going to be the first US hotel to offer the I gambling service from your room joining us now for Fox Business exclusives.
-- balance president and COO.
Of sport god how does this work at how to get approval to do something like this.
Well I think really was the big news today's we're gonna rebrand it is now Nikkei gaining it's scary solve the current salary and that you will will give you -- yeah credit on the -- But -- now it's really it's really exciting starting on Monday.
We're got -- customers hotel customers will be able to play slots and video poker -- -- their hotel room.
We're really excited about this primarily because we really want to be a leader in technology we've always been a leader in technology sort of it's for core competency of hours.
And we will be the first casino in the nation to be able to have gaming breaking your hotel is there a limit of how much you can bet how does this work is -- -- let as a black track what is -- It what we have is there is one slot game.
And there are four video poker games that we have cracked you can you can bet the -- the way the the the procedure stories.
You've got to open -- -- data are casino king -- the happiness they would show that you're not fourteen year that'll -- yes you and you have to have my we're got a court.
In order to do it.
So you need to have a password.
And you need to have a sign in number you get at the front desk and I ID and everything that's right -- up and that's how we make sure that there's nobody who's on the prohibited gaining Lister.
Nobody who's self excluded themselves from gaming or something like that.
But for the very important controls that we worked on with the casino true with the division gaining -- in New Jersey.
So you don't -- a cashier's office you create an account you can put as much money you want -- account.
But you can only lose 2500 dollars in debt -- company hotel -- so there are limits on it and -- never really we're only in a ninety day trial.
So you know we're in the through these ninety days we'll shake it out we partnered with the division -- gaming enforcement.
Who have been amazing.
Nine I mean the new leadership -- it with is is that with the choice of what is it with I have to your remote device overbearing -- is is that it's just as included technology.
It's only in interactive group whom we partner with the -- only in the last year.
We decided install the technology the -- that supports this.
Really independent.
In room gaming.
We decided putting 'cause we just wanted the best technology in hotel room -- -- -- old it worked out.
Have you heard from the big boys and Vega sector they're gonna do this I can imagine this would be a pretty decent revenue stream for you have you models come well.
Honestly.
We need most of the investment when we decided to invest in the -- -- during our hotel room renovation we spent fifty million dollars on our rooms.
Probably about a six million dollar premium on the technology.
So we had a pretty small investment in the actual in room gaming component so.
We -- -- worry about modeling.
We know that this is stepping stone to mobile gaming where you can you know game on your own device your iPad or your phone.
Anywhere within the building and also it's a steppingstone to Internet.
-- I -- just quickly ask you -- governor Chris Christie of New Jersey once again -- the opportunity to have Internet gambling -- would have been the third state in the union to have Internet gambling but he it's not that he's totally gets it he says.
He needs a few tweaks a ten year trial period.
At with a higher tax rate on casinos to think this will eventually happen.
Oh things -- happen fast it -- view that more as a conditional approval than a conditional veto.
And you know the the legislature the that that the democratically controlled legislature that.
Our governor works incredibly well with Tom has made all indications that they're gonna move quickly on this and that in and it's going to be reality in the institution.
And I'm -- hotel gave me -- It's an hour reality starting Monday at the -- got an Atlantic City check it out top balances were got a president and C -- thank you wouldn't.
Now this is what you do David he gets an idea and you don't care that the biggest names in Vegas haven't done that yet they're doing it -- good for.
