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Storm isn't all bad news for Atlantic City

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Hampshire completes sale of Hackettstown Commerce Park

By Mario Marroquin
October 18, 2017 07:02 AM

Real estate investment firm The Hampshire Cos. recently announced it has completed the sale of a 197,438-square-foot industrial complex to Devli Group in Hackettstown. CONTINUE READING

G.S. Wilcox announces new hires, record year

By Mario Marroquin
October 18, 2017 01:43 PM

Commercial real estate mortgage firm G.S. Wilcox recently announced Rob Logan and Wesley Wilcox have joined the firm as senior associates. In their new role, both Wilcox and Logan will assist in origination and underwriting. CONTINUE READING

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CBRE brokers sale, arranges financing for shopping center in Easton, Pa.

By Emily Bader
October 18, 2017 01:07 PM

CBRE announced Wednesday it has arranged the sale and financing for a 100,250-square-foot shopping center in Easton, Pennsylvania. CONTINUE READING

Bayer appoints SVP, general manager

By Emily Bader
October 17, 2017 01:32 PM

Whippany-based Bayer announced it has appointed Brenda L. Raphael as senior vice president and general manager of the Therapeutics Business Unit of Consumer Health Commercial Operations North America, effective Oct. 30. CONTINUE READING

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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Short post today, since our offices are closed.

Those of you who focused on the bad news during Sandy’s wrath missed a couple of key stories out of Atlantic City, such as the still unconfirmed reports that Revel CEO Kevin DeSanctis attached sails to his casino in the hopes that it would wash away to a land where people might actually go inside it.

Actually, there are two big stories out of the storm, and both involve the casino numbers. When October’s numbers are way off the mark of last year, expect the city’s ardent boosters to dismiss them, since we had closures as a result of a hurricane. Those folks will conveniently forget the crippling October 2011 snowstorm that they used to explain why that month’s numbers were down. They also won’t mention that October 2012’s disappointing numbers come with an extra casino — Revel — in the mix.

Then, when October 2013’s numbers exceed those from this month, you can watch as those same boosters somehow forget that the only reason the numbers are up is because we’ll have a full month of activity by which to measure them. By October 2014, someone will hopefully have decided to open a casino in North Jersey, or we’ll be reporting casino numbers not by hundreds of millions of dollars, but by the number of cigarettes cleaned up off the Boardwalk.

I’m even more irreverent on Twitter @joe_arney, but typically not when our office is closed. 

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Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

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Short post today, since our offices are closed.

Those of you who focused on the bad news during Sandy’s wrath missed a couple of key stories out of Atlantic City, such as the still unconfirmed reports that Revel CEO Kevin DeSanctis attached sails to his casino in the hopes that it would wash away to a land where people might actually go inside it.

Actually, there are two big stories out of the storm, and both involve the casino numbers. When October’s numbers are way off the mark of last year, expect the city’s ardent boosters to dismiss them, since we had closures as a result of a hurricane. Those folks will conveniently forget the crippling October 2011 snowstorm that they used to explain why that month’s numbers were down. They also won’t mention that October 2012’s disappointing numbers come with an extra casino — Revel — in the mix.

Then, when October 2013’s numbers exceed those from this month, you can watch as those same boosters somehow forget that the only reason the numbers are up is because we’ll have a full month of activity by which to measure them. By October 2014, someone will hopefully have decided to open a casino in North Jersey, or we’ll be reporting casino numbers not by hundreds of millions of dollars, but by the number of cigarettes cleaned up off the Boardwalk.

I’m even more irreverent on Twitter @joe_arney, but typically not when our office is closed. 

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