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Storm isn't all bad news for Atlantic City

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East Orange Property Owners Association names new board members

By Mario Marroquin
November 21, 2017 11:06 AM

Managing member of Equis Realty Partners Phillip Evanski and Marc Watkins, CEO of Rockledge Ventures, have been appointed to the East Orange Property Owners Association, the association recently announced. CONTINUE READING

Vantage Real Estate announces new VP

By Mario Marroquin
November 21, 2017 11:02 AM

CONTINUE READING

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Verisk appoints CFO

By Emily Bader
November 20, 2017 11:56 AM

Jersey City-based Verisk Analytics Inc., a data analytics provider, announced recently that Lee M. Shavel has been named executive vice president and chief financial officer. CONTINUE READING

Apartment complex sells in Point Pleasant

By November 20, 2017 11:43 AM

Village Apartments in Point Pleasant recently sold as part of a 1031 exchange, brokerage firm The Kislak Company recently announced. CONTINUE READING

Cranbury-based Rafael Pharma partners with Atlantic Health for testing on new cancer drug

By Vince Calio
November 17, 2017 02:12 PM

Cranbury-based Rafael Pharmaceuticals Inc. is partnering with Atlantic Health System to initiate Phase I clinical trials of a new drug to treat pancreatic cancer. CONTINUE READING

Lincoln Property Co. announces activity in Parsippany

By Mario Marroquin
November 17, 2017 11:13 AM

At 800-900 Lanidex Plaza, real estate firm Lincoln Property Co. announced a total of 45,000 square feet across two, three-story office buildings totaling 114,000 square feet. Lincoln worked on behalf of 8H9H Lanidex and Milelli Real Estate Partners. CONTINUE READING

Maersk names new North American president

By Vince Calio
November 17, 2017 10:56 AM

Maersk Line North America, based in Florham Park, has appointed Omar Shamsie, a 28-year veteran of the company, as its new president. 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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