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Storm isn't all bad news for Atlantic City

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MGM Resorts names new president for Borgata

By Eric Strauss
July 21, 2017 11:41 AM

MGM Resorts International has named a new president for Borgata Hotel Casino & Spa in Atlantic City, it announced Thursday. CONTINUE READING

Peapack-Gladstone Bank adds senior managing director

By Eric Strauss
July 21, 2017 11:50 AM

Peapack-Gladstone Financial Corp., parent of Peapack-Gladstone Bank, has named a senior managing director and private banker to its private banking team, it announced recently. CONTINUE READING

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InterCloud reports new contracts

By Eric Strauss
July 21, 2017 12:06 PM

InterCloud Systems Inc., a Shrewsbury-based provider of cloud networking solutions and services, said it has won more than $1 million in new contracts. CONTINUE READING

HFF sells waterfront site in Edgewater

By Mario Marroquin
July 20, 2017 11:37 AM

Commercial real estate firm Holliday Fenoglio Fowler recently announced it closed the sale of a 1.73-acre site along the Hudson River in Edgewater. CONTINUE READING

Edison-based Jersey Paper acquired by Imperial Dade

By Emily Bader
July 19, 2017 02:49 PM

Imperial Dade announced Wednesday it has acquired Edison-based JPC Enterprises Inc., trading as Jersey Paper Plus. CONTINUE READING

Chubb names EVP, life sciences industry practice leader

By Emily Bader
July 19, 2017 11:57 AM

Whitehouse Station-based Chubb announced it has named Lee Farrow executive vice president and life sciences industry practice leader for North America, effective immediately. CONTINUE READING

Trademark Management inks lease in Wall Township

By Mario Marroquin
July 19, 2017 11:25 AM

Commercial real estate firm Sheldon Gross Realty recently announced it brokered a lease for Trademark Management Group. 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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