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Good news from Atlantic City

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Special Properties opens office in Ridgewood

By Mario Marroquin
June 23, 2017 12:06 PM

In an effort to continue its expansion throughout Bergen, Hudson, Essex, Passaic and Sussex counties, Special Properties Real Estate Services announced it has opened a new office at 50 W. Ridgewood Ave., Ridgewood. CONTINUE READING

Wells Fargo sells former bank in Caldwell

By Mario Marroquin
June 23, 2017 12:10 PM

Commercial real estate firm NAI James E. Hanson recently announced it has brokered the sale of a 7,427-square-foot retail building in downtown Caldwell. CONTINUE READING

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Investors Bank appoints chief information and operations officer

By Emily Bader
June 22, 2017 12:43 PM

Investors Bank, based in Short Hills, announced Thursday it has appointed Michael Fegan as its chief information and operations officer. CONTINUE READING

WorkWave names chief marketing officer

By Emily Bader
June 22, 2017 12:48 PM

WorkWave, a Holmdel-based provider of cloud software solutions, announced Thursday it has appointed Ken Wincko its new chief marketing officer. CONTINUE READING

Zoo Health Club opens location in Bridgewater

By Mario Marroquin
June 21, 2017 10:53 AM

Commercial real estate firm Levin Management recently announced it has brokered a 17,000-square-foot lease for affordable fitness chain Zoo Health Club at the Somerset Shopping Center in Bridgewater. CONTINUE READING

Disability services nonprofit's CEO is retiring

By Eric Strauss
June 21, 2017 12:07 PM

Disability services organization Enable Inc. announced Tuesday that its CEO, Sharon J.B. Copeland, is retiring this summer after 15 years at the helm. 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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