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Good news from Atlantic City

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Phila. Fed report: Outlook on nonmanufacturing business remains strong

By NJBIZ STAFF
April 25, 2017 01:07 PM

Businesses in the South Jersey area have confidence the economy is improving, according to the latest monthly report by the Federal Reserve in Philadelphia. CONTINUE READING

Barnes & Noble Education hires chief legal officer

By Eric Strauss
April 25, 2017 12:54 PM

Barnes & Noble Education Inc., based in Basking Ridge, has named a new chief legal officer and vice president of corporate affairs, it announced Tuesday. CONTINUE READING

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Pinnacle promotes some EVPs to expanded roles

By Eric Strauss
April 25, 2017 11:14 AM

Parsippany-based Pinnacle Foods Inc. has made some changes at the executive vice president level, it announced Monday. CONTINUE READING

SITO Mobile names chief operating officer

By Eric Strauss
April 25, 2017 11:38 AM

Jersey City-based mobile engagement platform SITO Mobile Ltd. promoted an executive to chief operating officer, it announced Tuesday. CONTINUE READING

Spiro Harrison law firm announces office in Red Bank

By Eric Strauss
April 24, 2017 12:00 PM

The boutique law firm Spiro Harrison is opening a Red Bank office, it announced Monday, marking its third new site in less than two years. CONTINUE READING

Bank building in Englewood Cliffs is sold

By Mario Marroquin
April 24, 2017 01:14 PM

Commercial brokerage firm The Goldstein Group recently announced it had brokered the sale of a 13,000-square-foot property in Englewood Cliffs. The Goldstein Group brokered the sale on behalf of the purchaser, 744 EC Palisades LLC and EC Acquisition Group. CONTINUE READING

Honeywell enjoys 'strong start to 2017,' as Q1 earnings beat estimates

By Eric Strauss
April 21, 2017 10:40 AM

Honeywell reported a strong first quarter of 2017, announcing Friday that its normalized earnings per share were up 11 percent, beating analyst estimates. 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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