ERROR: Macro njDefaultArticleHeader is missing!

Good news from Atlantic City

By

Back to Top Comments Email Print

Latest News

Princeton-based drug researcher opens Tokyo office

By Vince Calio
May 22, 2018 11:17 AM

WIRB-Copernicus Group, a Princeton-based medical research group, has opened a Tokyo office to expand its capabilities in conducting global clinical trials. CONTINUE READING

Advance Realty Executive Quarters at Bedminster wins TOBY award

By Elana Knopp
May 22, 2018 07:20 AM

Advance Realty Executive Quarters at Bedminster has been named The Outstanding Building of the Year by the New Jersey chapter of the Building Owners and Managers Association. CONTINUE READING

advertisement

Marcus & Millichap completes sale of Union City mixed-use building

By Elana Knopp
May 22, 2018 01:01 PM

Marcus & Millichap recently wrapped up the sale of a mixed-use building in Union City for almost $1.8 million. CONTINUE READING

NAI Hanson negotiates sale of Elmwood Park industrial/flex facility

By Elana Knopp
May 22, 2018 11:47 AM

NAI James E. Hanson real estate firm has negotiated the sale of a 45,000-square-foot industrial/flex building in Elmwood Park. CONTINUE READING

Hackensack Performing Arts Center wins Historic Preservation Award

By Elana Knopp
May 22, 2018 11:22 AM

The DMR Architects-designed Hackensack Performing Arts Center recently received the 2018 Bergen County Historic Preservation Award for its adaptive reuse of the former Masonic Temple in downtown Hackensack. CONTINUE READING

Cohen Seglias expands New Jersey office

By Gabrielle Saulsbery
May 21, 2018 01:45 PM

Three attorneys had joined Cohen, Seglias, Pallas, Greenhall & Furman PC’s Newark office. CONTINUE READING

Bussel Realty brokers sale of Piscataway industrial facility

By Elana Knopp
May 21, 2018 01:01 PM

Edison-based Bussel Realty Corp. arranged the sale of a 33,000-square-foot industrial building in Piscataway for more than $4.1 million. CONTINUE READING

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.

Share This Story On:

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.

Share This Story On:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top