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Good news from Atlantic City

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East Orange Property Owners Association names new board members

By Mario Marroquin
November 21, 2017 11:06 AM

Managing member of Equis Realty Partners Phillip Evanski and Marc Watkins, CEO of Rockledge Ventures, have been appointed to the East Orange Property Owners Association, the association recently announced. CONTINUE READING

Vantage Real Estate announces new VP

By Mario Marroquin
November 21, 2017 11:02 AM

CONTINUE READING

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Verisk appoints CFO

By Emily Bader
November 20, 2017 11:56 AM

Jersey City-based Verisk Analytics Inc., a data analytics provider, announced recently that Lee M. Shavel has been named executive vice president and chief financial officer. CONTINUE READING

Apartment complex sells in Point Pleasant

By November 20, 2017 11:43 AM

Village Apartments in Point Pleasant recently sold as part of a 1031 exchange, brokerage firm The Kislak Company recently announced. CONTINUE READING

Cranbury-based Rafael Pharma partners with Atlantic Health for testing on new cancer drug

By Vince Calio
November 17, 2017 02:12 PM

Cranbury-based Rafael Pharmaceuticals Inc. is partnering with Atlantic Health System to initiate Phase I clinical trials of a new drug to treat pancreatic cancer. CONTINUE READING

Maersk names new North American president

By Vince Calio
November 17, 2017 10:56 AM

Maersk Line North America, based in Florham Park, has appointed Omar Shamsie, a 28-year veteran of the company, as its new president. CONTINUE READING

Lincoln Property Co. announces activity in Parsippany

By Mario Marroquin
November 17, 2017 11:13 AM

At 800-900 Lanidex Plaza, real estate firm Lincoln Property Co. announced a total of 45,000 square feet across two, three-story office buildings totaling 114,000 square feet. Lincoln worked on behalf of 8H9H Lanidex and Milelli Real Estate Partners. 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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