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Good news from Atlantic City

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C&W secures financing for Paterson distribution center

By Mario Marroquin
August 23, 2017 02:27 PM

Commercial real estate firm Cushman & Wakefield recently announced it secured $15.34 million in financing for a joint partnership between Camber Real Estate Partners and Advance Realty for an Interstate 80 distribution center in Paterson. CONTINUE READING

Wyndham Worldwide announces spin-off hotel company, leadership changes

By Emily Bader
August 22, 2017 12:38 PM

Parsippany-based Wyndham Worldwide announced Monday leadership appointments for its new pure-play hotel company. CONTINUE READING

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Student Transportation Inc. appoints president of School Transportation Group

By Emily Bader
August 22, 2017 12:45 PM

Wall-based Student Transportation Inc., a safety and fleet service for schools, announced it has created the School Transportation Group, which focuses on the company’s school contracted transportation operations. CONTINUE READING

Hanover Crossroads reaches full occupancy

By Mario Marroquin
August 22, 2017 10:56 AM

After having completed three leases at Hanover Crossroads, commercial real estate firm Key Properties announced its 107,000-square-foot retail center in Cedar Knolls has reached full occupancy. The firm added Old Navy, IHOP and an Italian restaurant to the center. CONTINUE READING

CBRE names senior vice president

By Mario Marroquin
August 22, 2017 10:45 AM

Commercial real estate firm CBRE recently announced Jonathan Meisel has joined the firm’s central New Jersey office to serve as a senior vice president. CONTINUE READING

V12 Data promotes Johnson to SVP of client development

By Emily Bader
August 21, 2017 11:28 AM

Red Bank-based V12 Data, an omnichannel data company, announced it has promoted Jeff Johnson from vice president to senior vice president of client development. CONTINUE READING

TriState Capital appoints EVP of finance and CFO transition plan

By Emily Bader
August 21, 2017 10:59 AM

TriState Capital Holdings Inc. announced that David J. Demas has been named executive vice president of finance and will succeed Mark L. Sullivan as chief financial officer, after a four-month transition period, on Jan. 1, 2018. 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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