ERROR: Macro njDefaultArticleHeader is missing!

Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

NKF Capital Markets completes complex trade of Mack-Cali Horizon portfolio

By Elana Knopp
April 19, 2018 07:25 AM

NKF Capital Markets has completed the sale of Mack-Cali Realty Corp.’s Horizon Center, a 236,284-square-foot, six-building portfolio in Hamilton, to Matawan-based Denholtz Associates. CONTINUE READING

Cole Schotz adds special counsel to IP group

By Gabrielle Saulsbery
April 19, 2018 12:58 PM

Patent-law veteran Marcella Bodner has joined Cole Schotz’s growing Intellectual Property arm as special counsel. CONTINUE READING

advertisement

Valley Bank hires senior VP

By Vince Calio
April 19, 2018 01:05 PM

Valley National Bank has hired Nicole Moorer as first senior vice president and head of retail sales in New York and New Jersey, a new position. CONTINUE READING

Multifamily buildings sold in Bayonne, West New York

By Elana Knopp
April 18, 2018 08:13 AM

Marcus & Millichap real estate investment group has arranged the sale of two pre-war multifamily buildings in Bayonne and West New York. CONTINUE READING

R&J promotes Miller to VP

By April 18, 2018 03:01 PM

R&J Strategic Communications of Bridgewater has promoted Tiffany Miller to vice president. CONTINUE READING

North by Northeast: Gebroe-Hammer reports $340.5 million in Q1 2018 sales

By Elana Knopp
April 18, 2018 01:32 PM

North Jersey counties continue to dominate the real estate market, according to Livingston-based brokerage firm Gebroe-Hammer Associates, which reports $340.5 million in sales across 23 deals to close out the first three months of 2018. CONTINUE READING

McLaren Engineering Group to expand to Bergen County

By David Hutter
April 17, 2018 01:19 PM

McLaren Engineering Group plans to expand to Bergen County in August. CONTINUE READING

advertisement

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. 

Share This Story On:

Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

advertisement

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. 

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