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Good news from Atlantic City

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John Wiley & Sons names EVP of its publishing segment

By Emily Bader
October 16, 2017 02:08 PM

Hoboken-based John Wiley and Sons Inc., a research and learning company, announced Monday that Ella Balagula has been named the new executive vice president of its publishing segment. CONTINUE READING

Honeywell names global head of M&A

By Emily Bader
October 16, 2017 01:46 PM

Morris Plains-based conglomerate Honeywell announced Monday it has named Brian S. Cook its new vice president of corporate development and global head of mergers and acquisitions. CONTINUE READING

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Hampshire sells industrial portfolio in Connecticut

By Mario Marroquin
October 12, 2017 11:53 AM

Commercial real estate firm the Hampshire Cos. recently announced the sale of a four-building, 119,992-square-foot industrial portfolio in Danbury and Berlin, Connecticut, to a private buyer. CONTINUE READING

Marcus & Millichap complete sale of Dollar General in Clifton

By Emily Bader
October 13, 2017 01:03 PM

Marcus & Millichap announced recently the sale of an 11,500-square-foot building in Clifton for $1.75 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. CONTINUE READING

Kushner Cos. completes purchase in Long Branch

By Mario Marroquin
October 12, 2017 11:05 AM

Commercial real estate firm The Kislak Co. recently announced it brokered the sale of the Ocean Court by the Sea motel in Long Branch to an affiliate of Kushner Cos. CONTINUE READING

Blau & Berg names director of business development

By Mario Marroquin
October 12, 2017 11:31 AM

Commercial real estate brokerage firm The Blau & Berg Co. recently announced it has named Christian Benedetto as its new director of business development. CONTINUE READING

Marcus & Millichap complete $3.5M sale of office building in Bloomfield

By Emily Bader
October 12, 2017 12:39 PM

Marcus & Millichap announced recently the sale of an 8,500-square-foot retail property in Bloomfield for $3.45 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. 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

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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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