ERROR: Macro njDefaultArticleHeader is missing!

Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

G.S. Wilcox secures financing for apartment complex in New Windsor

By Mario Marroquin
September 21, 2017 01:35 PM

Real estate banking firm G.S. Wilcox & Co. recently announced it secured a $43 million loan for a newly constructed, 270-unit apartment complex in New Windsor, New York. CONTINUE READING

MYOS RENS Technology Inc. appoints CEO

By Emily Bader
September 21, 2017 01:18 PM

MYOS RENS Technology Inc., a Cedar Knoll-based biotherapeutics and bionutrition company, announced it has appointed Joseph Mannello its new CEO. CONTINUE READING

advertisement

Sotheby’s International Realty Affiliates appoints new COO

By Emily Bader
September 21, 2017 11:18 AM

Madison-based Sotheby’s International Realty Affiliates LLC announced it has appointed Julie Leonhardt LaTorre as chief operating officer. CONTINUE READING

Monmouth Real Estate acquires industrial building for $18.3M

By Emily Bader
September 20, 2017 12:21 PM

Freehold-based Monmouth Real Estate Investment Corp. announced Tuesday it has acquired a 298,472-square-foot industrial building located in Kenton, Ohio for $18.30 million. CONTINUE READING

Overlook Foundation names new executive director

By Emily Bader
September 20, 2017 11:49 AM

Summit-based Overlook Foundation announced recently that Clelia Biamonti has been named its new executive director. CONTINUE READING

Prudential names new chief actuary

By Emily Bader
September 19, 2017 01:02 PM

Newark-based Prudential Financial Inc. announced Monday that Candace Woods has been promoted to chief actuary and senior vice president. CONTINUE READING

Vonage names new channel chief

By Emily Bader
September 19, 2017 11:53 AM

Holmdel-based Vonage, a provider of business cloud communications, announced Tuesday it has named Bob Crissman channel chief and senior vice president. 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