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Good news from Atlantic City

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Morals Village Hot Pot leases at Rutgers Plaza

By Mario Marroquin
April 28, 2017 12:12 PM

North Plainfield-based Levin Management Corp. recently announced it has completed a 4,000-square-foot lease and is adding Morals Village Hot Pot to Rutgers Plaza in Franklin Township. CONTINUE READING

Atlantic Stewardship Bank plans new branch location in Morris County

By April 28, 2017 11:58 AM

Midland Park-based Atlantic Stewardship Bank recently announced it is opening a new branch in North Jersey. CONTINUE READING

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Marcus & Millichap complete $2.5M sale in Orange

By Mario Marroquin
April 28, 2017 11:47 AM

CONTINUE READING

Innophos names SVP for manufacturing, engineering, environmental health & safety

By Eric Strauss
April 27, 2017 12:31 PM

Innophos Holdings Inc., the Cranbury-based maker of specialty ingredient solutions, said it has named a new senior vice president of manufacturing, engineering and environmental health & safety, it announced Thursday. CONTINUE READING

NAI Hanson sells lot in West Caldwell

By Mario Marroquin
April 27, 2017 01:08 PM

Commercial brokerage NAI James E. Hanson recently announced it has brokered the sale of a 0.8-acre lot in West Caldwell between Lourenco Service Center and Manzo-Doren Organization of West Caldwell. CONTINUE READING

Software solutions firm hires CFO

By Eric Strauss
April 26, 2017 11:35 AM

Princeton-based business software solutions provider AMERI Holdings Inc. has named a new chief financial officer, it said Tuesday. CONTINUE READING

Marcus & Millichap completes sale in Elizabeth

By Mario Marroquin
April 26, 2017 12:06 PM

Commercial real estate firm Marcus & Millichap recently announced the completion of a $1.4 million property sale in Elizabeth through a 1031 exchange. Michael Lombardi, first vice president at Marcus & Millichap New Jersey’s office, represented private investors in the sale and purchase of the property. CONTINUE READING

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It’s been a crazy couple of days, meaning I haven’t been able to write about the good news out of Atlantic City — namely, that gaming revenue jumped 12.6 percent over August 2011, the first increase since December.

But, like almost all the good news out of Atlantic City, the closer you look at this flower, the less you see petals and the more you see thorns.

August 2011 is notable in Atlantic City for two reasons — Revel wasn’t open, meaning there were only 11 casinos making up the total revenue, and Hurricane Irene, which forced the casinos to close for three days as the governor told visitors to “get the hell off the beach.”

Revel, since we’re on that one, remains stubbornly stuck in eighth place among the casinos, though its numbers have improved substantially since it opened. Is there a prize for rolling an 8 five times in a row? And the loss of a prime weekend last year was trotted out as the reason the city’s numbers were off, yet it’s the only reason there was an uptick this time around.

There’s also the good news that the Margaritaville project, which has replaced Revel as the city’s savior, got a key environmental approval out of the way for the beachfront bar and restaurant. The Jimmy Buffett brand will be a measurable help to the city during the warmer months, but will it draw in tourists in February?

The city still needs help to become a year-round destination, and whether Revel even lives long enough to see in the new summer is becoming a legitimate question. Atlantic City remains desperate for an old guy to save it, and given the timing, it won’t be Buffett or Revel CEO Kevin DeSanctis — it’ll be Santa Claus.

I’m even more irreverent on Twitter @joe_arney.

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Good news from Atlantic City

By

Back to Top Comments Email Print

Latest News

advertisement

It’s been a crazy couple of days, meaning I haven’t been able to write about the good news out of Atlantic City — namely, that gaming revenue jumped 12.6 percent over August 2011, the first increase since December.

But, like almost all the good news out of Atlantic City, the closer you look at this flower, the less you see petals and the more you see thorns.

August 2011 is notable in Atlantic City for two reasons — Revel wasn’t open, meaning there were only 11 casinos making up the total revenue, and Hurricane Irene, which forced the casinos to close for three days as the governor told visitors to “get the hell off the beach.”

Revel, since we’re on that one, remains stubbornly stuck in eighth place among the casinos, though its numbers have improved substantially since it opened. Is there a prize for rolling an 8 five times in a row? And the loss of a prime weekend last year was trotted out as the reason the city’s numbers were off, yet it’s the only reason there was an uptick this time around.

There’s also the good news that the Margaritaville project, which has replaced Revel as the city’s savior, got a key environmental approval out of the way for the beachfront bar and restaurant. The Jimmy Buffett brand will be a measurable help to the city during the warmer months, but will it draw in tourists in February?

The city still needs help to become a year-round destination, and whether Revel even lives long enough to see in the new summer is becoming a legitimate question. Atlantic City remains desperate for an old guy to save it, and given the timing, it won’t be Buffett or Revel CEO Kevin DeSanctis — it’ll be Santa Claus.

I’m even more irreverent on Twitter @joe_arney.

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