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Good news from Atlantic City

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Cooper’s Ferry Partnership names new president, CEO

By Mario Marroquin
December 14, 2017 01:33 PM

Cooper’s Ferry Partnership board of trustees recently announced it has appointed Kris Kolluri as CEO and president of the organization. CONTINUE READING

IXP selected to manage Princeton's 9-1-1 emergency dispatch center

By Emily Bader
December 14, 2017 01:36 PM

Princeton-based IXP Corporation, a public safety and emergency communications solutions provider, has been awarded a contract by the town of Princeton to operate and manage its 9-1-1 emergency communications dispatch center. CONTINUE READING

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Moving services firm to relocate to NJ from Staten Island

By Mario Marroquin
December 14, 2017 01:47 PM

Commercial moving service firm Total Relocation Services has purchased a 20,095-square-foot industrial building in Irvington, brokerage NAI Hanson recently announced. CONTINUE READING

JLL to lease office building in Woodcliff Lake

By Mario Marroquin
December 13, 2017 12:25 PM

Developer Hudson Equities recently announced it has selected JLL as the exclusive leasing agent for the 240,000-square-foot office building at 300 Tice Blvd. CONTINUE READING

Bridgewater-based Clinical Genomics appoints senior advisor

By NJBIZ STAFF
December 12, 2017 01:15 PM

Bridgewater-based Clinical Genomics, a provider of cancer diagnostic solutions including liquid biopsy tests, announced it has appointed Roy Davis as senior advisor and board member. CONTINUE READING

MonGroup Properties completes leasing at Jaclyn Heights

By Mario Marroquin
December 11, 2017 01:09 PM

Developer MonGroup Properties announced its final phase of Jaclyn Heights in West New York has been fully leased. The property, located at 5817 Jefferson Street, added 40 new rentals to the Jaclyn Heights complex and leased up within six months. 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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