ERROR: Macro njDefaultArticleHeader is missing!

Storm isn't all bad news for Atlantic City

By

Back to Top Comments Email Print

Latest News

Marcus & Millichap announce sale of retail property in Mine Hill

By Emily Bader
March 22, 2017 10:43 AM

Marcus & Millichap announced Tuesday the sale of Ferromonte Plaza, a 16,000-square-foot retail property in Mine Hill, for $3 million. CONTINUE READING

ACCU Staffing Services to open new office in Camden County

By Emily Bader
March 22, 2017 11:04 AM

ACCU Staffing Services announced recently it will open a new office in Woodlynne in April. CONTINUE READING

advertisement

G.S. Wilcox completes financing for industrial portfolio

By Mario Marroquin
March 22, 2017 11:57 AM

G.S. Wilcox & Co. recently announced it has completed a $56 million financing agreement for an industrial portfolio in South Brunswick, Moonachie and Teterboro. CONTINUE READING

Berkadia arranges multimillion-dollar loan for Newark apartments

By Mario Marroquin
March 22, 2017 12:27 PM

Commercial real estate firm Berkadia recently announced it has secured a $42.9 million refinancing loan for Pavilion Apartments in Newark. CONTINUE READING

Nonmanufacturing activity remains strong in S. Jersey region, Fed says

By NJBIZ STAFF
March 21, 2017 12:34 PM

The Federal Reserve Bank of Philadelphia said in its monthly Nonmanufacturing Business Outlook Survey that activity in the sector is still expanding in the region that includes South Jersey. CONTINUE READING

Weinberger Law Group opens sixth office

By Eric Strauss
March 21, 2017 11:47 AM

Weinberger Law Group has opened a new office in Union County, it announced Monday. CONTINUE READING

Bank names regional SVP for commercial lending

By Eric Strauss
March 21, 2017 12:09 PM

A Massachusetts-based bank has named a senior vice president to lead its commercial lending team in the region that includes New Jersey. 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