Atlantic City Open Forum
December 23rd, 2013 at 12:32:49 PM
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Quote: 7star4nowAtlantic Club to be sold for parts, closed
More AC shenanigans?
"A bankruptcy judge in Camden on Monday approved the sale of the Atlantic Club Casino Hotel to Tropicana Atlantic City Corp. and Caesars Entertainment Operating Company Inc. for a combined total of $23.57 million...
(Judge )Burns overruled objections by an attorney for Sobe Holdings L.L.C., whose $24.49 million bid topped the combined bid of Tropicana and Caesar's, but was rejected on concerns that Sobe might not be able to close the deal.
The Sobe attorney, David L. Braverman, of Braverman Kaskey, in Philadelphia, countered that the debt-laden Caesar's was not a qualified bidder and would not be able to complete the purchase."
http://www.philly.com/philly/business/20131224_Judge_approves_sale_of_Atlantic_Club__casino_to_close.html
December 23rd, 2013 at 12:52:49 PM
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Quote: 7star4nowMore AC shenanigans?
"A bankruptcy judge in Camden on Monday approved the sale of the Atlantic Club Casino Hotel to Tropicana Atlantic City Corp. and Caesars Entertainment Operating Company Inc. for a combined total of $23.57 million...
(Judge )Burns overruled objections by an attorney for Sobe Holdings L.L.C., whose $24.49 million bid topped the combined bid of Tropicana and Caesar's, but was rejected on concerns that Sobe might not be able to close the deal.
The Sobe attorney, David L. Braverman, of Braverman Kaskey, in Philadelphia, countered that the debt-laden Caesar's was not a qualified bidder and would not be able to complete the purchase."
http://www.philly.com/philly/business/20131224_Judge_approves_sale_of_Atlantic_Club__casino_to_close.html
I dont see any issue here. While Caesars is 24-27 Billion in debt, the amount owed here is petty cash to them. The judge looked at Sobe closely and agreed the deal they tried to put together was a reach.
Overall this is a good thing for AC and they just need a few more to close to spread the shrinking market dollars around.
December 23rd, 2013 at 3:16:30 PM
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Quote: BozI dont see any issue here. While Caesars is 24-27 Billion in debt, the amount owed here is petty cash to them. The judge looked at Sobe closely and agreed the deal they tried to put together was a reach.
Overall this is a good thing for AC and they just need a few more to close to spread the shrinking market dollars around.
Do we know if this is a good thing for AC, if we don't know what CET plans to do with the property?
There is a history of rundown, low-end, oceanfront apartments, near me, which were initially converted to "section 8", low income retirement homes.
Within a few years, many quickly evolved into crime infested crackhouses.
I agree less AC Casinos is better in the big pic, but when CET soon publicly testifies to decommission the casino liscense, it is absolutely in the public interest of the people of NJ, that CET make public its planned use of the property.
December 23rd, 2013 at 4:36:50 PM
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For what its worth, some AC Club employees feel there's more than meets the eye here:
"Atlantic Club workers packed the courtroom to watch the judge deliver the coup de grace to the casino, where some have worked since the doors opened 33 years ago. Joe Blatcher, a bartender for 30 years at the casino, said he and other workers are particularly distressed that existing Atlantic City casino companies joined together to eliminate a weaker rival.
"It's a matter of the entire city wanting to eliminate a few properties so that the rest can still exist," he said. "It seems very suspicious that two casinos can team up to take down another one. It's like thinning out the herd to survive."
"The worst thing is they're doing it just to stop competition," said a tearful Fran Critch, who has been a food server at the casino for 29 years, and who now plans to sell her house because of the grim prospects for other employment in the region.
"Who's going to hire a 59-year-old server?" she asked.
http://abcnews.go.com/US/wireStory/judge-rule-njs-atlantic-club-casino-closing-21309953
It's easy for us to say that , CET is here to once again (or for the first time) exhibit their "shrewd real estate acumen " or "world class property mngmt skills", but as a NY Mets "follower", this is like Bud Selig handing over a failed franchise to Fred Wilpon & Bernie Madoff.
The franchise should be laid to rest, but why give the corpse to a shady undertaker?
"Atlantic Club workers packed the courtroom to watch the judge deliver the coup de grace to the casino, where some have worked since the doors opened 33 years ago. Joe Blatcher, a bartender for 30 years at the casino, said he and other workers are particularly distressed that existing Atlantic City casino companies joined together to eliminate a weaker rival.
"It's a matter of the entire city wanting to eliminate a few properties so that the rest can still exist," he said. "It seems very suspicious that two casinos can team up to take down another one. It's like thinning out the herd to survive."
"The worst thing is they're doing it just to stop competition," said a tearful Fran Critch, who has been a food server at the casino for 29 years, and who now plans to sell her house because of the grim prospects for other employment in the region.
"Who's going to hire a 59-year-old server?" she asked.
http://abcnews.go.com/US/wireStory/judge-rule-njs-atlantic-club-casino-closing-21309953
It's easy for us to say that , CET is here to once again (or for the first time) exhibit their "shrewd real estate acumen " or "world class property mngmt skills", but as a NY Mets "follower", this is like Bud Selig handing over a failed franchise to Fred Wilpon & Bernie Madoff.
The franchise should be laid to rest, but why give the corpse to a shady undertaker?
December 23rd, 2013 at 4:49:20 PM
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It is really a sad situation. It is easy for us to say AC needs to shed some capacity but the 1,600 employees clearly see it from a different side. It seems like Atlantic Club management deserve a chunk of the blame here too. They might could have pulled off the sale to PokerStars had they not backed out. It seemed to me that was based on nothing more than the thought online gaming would cause gaming licenses to skyrocket. Since each B&M casino can have 5 sites, it devalues that potential.
December 23rd, 2013 at 4:58:44 PM
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Quote: sodawateri am sure one of the other struggling boardwalk properties would be happy to comp you summer weekend rooms for some modest play. some of these casinos i have just walked through and they send me weekly mailers begging me to come stay with them -- and i am the opposite of a high roller, and i only play low-house-edge games.
have you looked into places like resorts? showboat? trump taj? heck, even revel. if you go to revel and play green chips you can have the run of the place now. how times have changed.
We have never played at taj or resorts. On our next trip we may have to do that. On our last trip to Atlantic club we took our 18 month old and combined we only played $2000 through slots and VP and about 5 hours of BJ in 3 days. I don't know that any other property will give us weekends for that low of play.
However, I just realized that now that my wife is a stay at home mom we can go on a Sunday-Tuesday. My job is flexible. Her old one was far from it.
Expect the worst and you will never be disappointed.
I AM NOT PART OF GWAE RADIO SHOW
December 23rd, 2013 at 5:28:51 PM
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I don't think the story is over and CET might wind up selling it or swapping it and selling one of their other casinos. Maybe Stations or some company with enough machines to almost fill it. Times may change and if they can flip it for cash, it's at least possible. It just seems like a waste to renovate it recently and just let it rot.
I am a robot.
December 23rd, 2013 at 5:33:51 PM
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Who is Sobe anyways?
I am a robot.
December 23rd, 2013 at 5:54:00 PM
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Quote: 7star4nowHard Rock in talks to buy troubled Revel Casino
http://nypost.com/2013/12/19/hard-rock-in-talks-to-buy-troubled-revel-casino-sources/
I wonder if they would re-brand it a Hard Rock Hotel/Casino and also what would happen to the current player's cards and level attained…hosts?
December 23rd, 2013 at 6:01:20 PM
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Old casinos are coming down, new ones go up, what's wrong with that? I see same people working now in Revel. To me, Revel is the only casino worth mentioning besides Borgata. Market at work.
December 23rd, 2013 at 6:11:20 PM
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As much as I want to see it, no casino companies are looking to expand in AC. It is a declining market that Borgata & Caesars own. Everyone else is looking for scraps. Nothing is going to bring the revenues back to the Pre-PA levels and they are only going to get worse. It may be fun to speculate on who will buy what, but the reality is that these companies see the market in the "Harvest" stage of their life. They make what they can off them, but invest as little as possible. It is a smart business decision anyway you look at it. If seeing AC Club closing adds $1,000,000 a month in gaming revenues to the 4 CZR properties (or 10% of what AC Club was doing), the $15M was a steal that they will get back in 15 months. Odds are good they will get 10% or more even with Trop buying the players lists.
As for everyone being sad about people losing their jobs, it happens all the time. It may not be nice, but it is reality. I dont see anyone talking about the thousands of casino jobs created in PA and MD since the growth of casinos in those states. Overall more people are working in East Coast casinos today then there was in 2006 when the expansion stated. So the job market is growing for now, just not in AC. At least the jobs are still in America compared to many other industries.
Hard Rock "may" buy Revel, but it would have to be pennies on the dollar and with little risk to them. They will spend more money on analysing if this purchase would make sense then they actually will buying the place. And yes I believe it is that worthless. If it wasnt, Penn National who is cash rich would have bought it already. The turned down the Showboat for what had to be next to nothing.
As for everyone being sad about people losing their jobs, it happens all the time. It may not be nice, but it is reality. I dont see anyone talking about the thousands of casino jobs created in PA and MD since the growth of casinos in those states. Overall more people are working in East Coast casinos today then there was in 2006 when the expansion stated. So the job market is growing for now, just not in AC. At least the jobs are still in America compared to many other industries.
Hard Rock "may" buy Revel, but it would have to be pennies on the dollar and with little risk to them. They will spend more money on analysing if this purchase would make sense then they actually will buying the place. And yes I believe it is that worthless. If it wasnt, Penn National who is cash rich would have bought it already. The turned down the Showboat for what had to be next to nothing.
December 23rd, 2013 at 6:31:06 PM
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Quote: Dicenor33Old casinos are coming down, new ones go up, what's wrong with that? I see same people working now in Revel. To me, Revel is the only casino worth mentioning besides Borgata. Market at work.
"new ones go up"
Which one's are "going up"?
I agree with Boz here, new casinos, aka Revel , which bring nothing to the table, devalue/ destabilize the market further.
December 23rd, 2013 at 6:44:05 PM
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"I dont see anyone talking about the thousands of casino jobs created in PA and MD since the growth of casinos in those states. Overall more people are working in East Coast casinos today then there was in 2006 when the expansion stated. So the job market is growing for now, just not in AC. At least the jobs are still in America compared to many other industries."
Fair point, but as an AC veteran player, do you really feel AC is competing with an edge here (ocean, Boardwalk, critical mass of gaming) vs. opportunistic, nearly broke, clueless mngmt (sans Borgata) ?
I , for one, after 30 yrs, still feel the urge to visit AC -even as a NY guy, w/ gaming in my area -due to above advantages.
The current AC casino owners, for the most part, dampen my enthusiasum.
Fair point, but as an AC veteran player, do you really feel AC is competing with an edge here (ocean, Boardwalk, critical mass of gaming) vs. opportunistic, nearly broke, clueless mngmt (sans Borgata) ?
I , for one, after 30 yrs, still feel the urge to visit AC -even as a NY guy, w/ gaming in my area -due to above advantages.
The current AC casino owners, for the most part, dampen my enthusiasum.
December 23rd, 2013 at 7:29:00 PM
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Sobe is a common contraction for South Beach, referring to Miami Beach, which comes to a point on the South end (largely considered the trendy area). Sobe is also a brand of designer water with about 12 flavors. No idea if the Sobe referenced in these casino buyouts is related to either.
If the House lost every hand, they wouldn't deal the game.
December 23rd, 2013 at 8:30:03 PM
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Thanks. I have seen the drink, but it's been a while. I remember a dragon on the bottle. All I could see from a search on my phone was there was a SOBE LLC in Florida but nothing else. Otherwise it seems a mystery for now. I don't know why they would want to cross Atlantic Club as requested and denied. Obviously it was a failed attempt bottom line and none know what really happened beyond the reports.Quote: beachbumbabsSobe is a common contraction for South Beach, referring to Miami Beach, which comes to a point on the South end (largely considered the trendy area). Sobe is also a brand of designer water with about 12 flavors. No idea if the Sobe referenced in these casino buyouts is related to either.
I am a robot.
December 23rd, 2013 at 8:33:19 PM
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A very smart, insightful and sobering response Boz.
I am a robot.
December 24th, 2013 at 6:25:59 AM
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Quote: 7star4nowCET must really be hurting for NYE ...
from Ballys: just got a 14X multiplier for 1/1 & a bunch of slot$ for NYE... I haven't played there in 5 mos.
Now they sent me a 10X/15X/20X/25X multiplier & more slot play (if you play 1- 4 consecutive days next week) - maybe they're figuring things out?
lets see should I cancel my trip to a tropical island, pristine blue water & palm trees nest week, or ,cancel & soak in the idyllic environs of Bally's (i do have a weakness for carpets of the 80's)?
December 24th, 2013 at 6:58:08 AM
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Quote: beachbumbabsSobe is a common contraction for South Beach, referring to Miami Beach, which comes to a point on the South end (largely considered the trendy area). Sobe is also a brand of designer water with about 12 flavors. No idea if the Sobe referenced in these casino buyouts is related to either.
According to this, Sobe would have preserved some jobs:
"The group would have operated the casino as part of their Deauville Beach Resort property which is located in Miami, Florida. The property would have continued to function as a hotel and not a casino".
http://www.4flush.com/casino-news/final-approval-in-atlantic-club-purchase-granted/15580
December 24th, 2013 at 7:12:15 AM
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Quote: 7star4nowAccording to this, Sobe would have preserved some jobs:
"The group would have operated the casino as part of their Deauville Beach Resort property which is located in Miami, Florida. The property would have continued to function as a hotel and not a casino".
http://www.4flush.com/casino-news/final-approval-in-atlantic-club-purchase-granted/15580
So basically, they would have done the same thing that Caesar's is doing, but without the slot sale to the Trop?
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
December 24th, 2013 at 7:35:53 AM
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Quote: rdw4potusSo basically, they would have done the same thing that Caesar's is doing, but without the slot sale to the Trop?
NO.
"Caesars has said it has no plans to operate the property as a nongambling hotel."
http://www.courierpostonline.com/viewart/20131224/NEWS01/312240011/Judge-approves-casino-s-closure
December 24th, 2013 at 7:37:23 AM
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I dont see Caesars opening the hotel anytime soon. Rather they will sell it off in time like they are doing with the Claridge. I still see this as chump change to see a competitor go away. Nothing more.
December 24th, 2013 at 7:48:49 AM
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Quote: BozI dont see Caesars opening the hotel anytime soon. Rather they will sell it off in time like they are doing with the Claridge. I still see this as chump change to see a competitor go away. Nothing more.
Whatever, but it does seem as if the State of NJ has abdicated the role of urban planning to CET.
Good luck to them with that.
December 24th, 2013 at 11:59:32 AM
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Quote: 7star4nowWhatever, but it does seem as if the State of NJ has abdicated the role of urban planning to CET.
Good luck to them with that.
And what would you have done with it? The need for another Hotel is not there (see Revel at 20-40% full weekdays) currently. I understand something new needs to be tried but to look at this deal as something sinister doesnt make sense to me. CZR & Trop found an opportunity and have the dollars to complete it and I believe the judge looked at all the options and thought this was the best one. Their gaming revenue was even or above Revel for the past 12 months and they could not make it. What does that tell you??
December 24th, 2013 at 1:02:49 PM
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Quote: 7star4nowNow they sent me a 10X/15X/20X/25X multiplier & more slot play (if you play 1- 4 consecutive days next week) - maybe they're figuring things out?
lets see should I cancel my trip to a tropical island, pristine blue water & palm trees nest week, or ,cancel & soak in the idyllic environs of Bally's (i do have a weakness for carpets of the 80's)?
They upgraded the carpet in the past 1-2 months actually :)
January 13th, 2014 at 11:17:27 AM
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Will "Bridgegate" soon pale in comparison to "Revelgate".
How were government entities & private fund managers "convinced" to dump taxpayer and investor/pension funds into a multi-billion$ + "spruce goose" of a non-gaming property in AC?
- especially when all it did was destabilize the AC market further, hasten the demise of existing properties, & result in AC being perceived as toxic for future investment?
"Revelgate" might not happen until the Clinton machine gets into full opposition research mode, but I predict it will come.
How were government entities & private fund managers "convinced" to dump taxpayer and investor/pension funds into a multi-billion$ + "spruce goose" of a non-gaming property in AC?
- especially when all it did was destabilize the AC market further, hasten the demise of existing properties, & result in AC being perceived as toxic for future investment?
"Revelgate" might not happen until the Clinton machine gets into full opposition research mode, but I predict it will come.
January 13th, 2014 at 2:04:39 PM
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Quote: 7star4nowWill "Bridgegate" soon pale in comparison to "Revelgate".
How were government entities & private fund managers "convinced" to dump taxpayer and investor/pension funds into a multi-billion$ + "spruce goose" of a non-gaming property in AC?
- especially when all it did was destabilize the AC market further, hasten the demise of existing properties, & result in AC being perceived as toxic for future investment?
"Revelgate" might not happen until the Clinton machine gets into full opposition research mode, but I predict it will come.
Good topic that should be looked at. While at it they should look at how much money or other services UKStages was provided to shill for Revel months before and after it was opened.
January 13th, 2014 at 2:12:31 PM
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I'm still confused on Atlantic Club on how nobody wanted to operate it. Many casinos pay more than 25 million just for the gaming license to open their doors and wasn't this place achieving an operating profit? Would a willing suitor have had to pay more than the bankruptcy auction price and what did this hedge fund get by selling beyond the money? Some kind of swap contract bounty, etc.?
I am a robot.
January 13th, 2014 at 2:15:22 PM
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Poker Stars tried to buy it and run it, but they were rejected by the State Gaming Commission.
January 13th, 2014 at 2:19:14 PM
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Quote: hook3670Poker Stars tried to buy it and run it, but they were rejected by the State Gaming Commission.
Those were two different stories. Atlantic Club backed out of the agreement after the number of days allowed (120?) lapsed. PokerStars was unable to secure a license to operate Resorts' online gaming.
January 13th, 2014 at 2:23:30 PM
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So the fact is getting a license in NJ if you operate anywhere else is practically impossible or not cost effective for the responsibilities of your other casinos would endure? I can see it I suppose.Quote: hook3670Poker Stars tried to buy it and run it, but they were rejected by the State Gaming Commission.
I am a robot.
January 13th, 2014 at 6:45:38 PM
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Per the Tropicana facebook page they have picked up some of the executives from the Atlantic Club. Hopefully they picked up some other employees as well.
Roseanne Moffa – Executive Director Player Development
Fern Farmer - Executive Director Player Development
Marion Pistoia - Director Player Development
Tropicana Facebook page
Roseanne Moffa – Executive Director Player Development
Fern Farmer - Executive Director Player Development
Marion Pistoia - Director Player Development
Tropicana Facebook page
January 13th, 2014 at 8:14:04 PM
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I had a lovely host there (at the AC Hilton/ACC) for a number of years named Christina Paul. Anybody know what happened to her?
If the House lost every hand, they wouldn't deal the game.
January 14th, 2014 at 12:00:20 PM
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AC casino revenue below $3B; 1st time in 22 years
http://www.seattlepi.com/news/us/article/AC-casino-revenue-below-3B-1st-time-in-22-years-5142304.php
Atlantic City online gaming revenues released today for first time -
http://blog.northjersey.com/meadowlandsmatters/7493/atlantic-city-online-gaming-revenues-released-today-for-first-time/#sthash.cIhCZLi1.dpuf
http://www.seattlepi.com/news/us/article/AC-casino-revenue-below-3B-1st-time-in-22-years-5142304.php
Atlantic City online gaming revenues released today for first time -
http://blog.northjersey.com/meadowlandsmatters/7493/atlantic-city-online-gaming-revenues-released-today-for-first-time/#sthash.cIhCZLi1.dpuf
January 14th, 2014 at 4:04:51 PM
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If one of these guys pops out of your Resorts hotel closet,
don't be alarmed,
-apparently security allows them to freely roam the property - so they must not be a threat
http://www.nbc40.net/story/24449915/atlantic-city-police-trying-to-identify-three-men-suspected-of-stealing-from-casino-rooms
don't be alarmed,
-apparently security allows them to freely roam the property - so they must not be a threat
http://www.nbc40.net/story/24449915/atlantic-city-police-trying-to-identify-three-men-suspected-of-stealing-from-casino-rooms
January 15th, 2014 at 9:39:32 AM
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FYI:
-Revel opened with NO player lounge...it now has THREE - including the new Premier Lounge (took over old Relish spot) & another, "Loft 44" , which is now supposed to be open now on weekends on the top floor of the building.
-The new, straightforward, points earning system, combined with a January 3X Tier & resort$ multiplier is interesting:
" Revel will give slot players one tier point for every $5 coin-in and video poker players must play $10 to earn one tier point. (A few video poker machines require higher amounts of play, but they are clearly marked with a white sticker directly underneath the slot where you insert your player’s card.)"
This is a good blog piece by DARRYL McEWEN describing the new player tiers etc:
http://www.pressofatlanticcity.com/ats/blogs/mr-ac-casino-revel-introduces-new-cards-casinos-woo-atlantic/article_655b6e10-7e03-11e3-bfc6-001a4bcf887a.html
-Revel opened with NO player lounge...it now has THREE - including the new Premier Lounge (took over old Relish spot) & another, "Loft 44" , which is now supposed to be open now on weekends on the top floor of the building.
-The new, straightforward, points earning system, combined with a January 3X Tier & resort$ multiplier is interesting:
" Revel will give slot players one tier point for every $5 coin-in and video poker players must play $10 to earn one tier point. (A few video poker machines require higher amounts of play, but they are clearly marked with a white sticker directly underneath the slot where you insert your player’s card.)"
This is a good blog piece by DARRYL McEWEN describing the new player tiers etc:
http://www.pressofatlanticcity.com/ats/blogs/mr-ac-casino-revel-introduces-new-cards-casinos-woo-atlantic/article_655b6e10-7e03-11e3-bfc6-001a4bcf887a.html
January 24th, 2014 at 8:03:06 AM
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NJ man wins $153K from Borgata online slots game
http://www.nj.com/atlantic/index.ssf/2014/01/nj_man_wins_153k_from_borgata_online_slots_game.html
http://www.nj.com/atlantic/index.ssf/2014/01/nj_man_wins_153k_from_borgata_online_slots_game.html
January 24th, 2014 at 3:14:10 PM
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Talk about a royal flush! -$2.7 million in counterfeit poker chips found in sewer pipe at Borgata
ATLANTIC CITY, N.J. (AP) — Talk about a royal flush!
A clogged pipe at an Atlantic City, N.J., casino has led to the discovery of $2.7 million in counterfeit poker chips that had been flushed down a toilet.
Authorities say a Fayetteville, N.C., man sneaked fake chips into a poker tournament at Atlantic City's Borgata casino, leading to the cancellation of one of its events last week.
Christian Lusardi was arrested Friday on charges including theft and rigging a public contest. It's unknown if he has a lawyer.
New Jersey state police say the investigation began when workers at Harrah's Resort went to unclog a sewer pipe in Lusardi's hotel room. The workers found $2.7 million in counterfeit Borgata chips.
Borgata officials then found 160 fake chips at their event.
ATLANTIC CITY, N.J. (AP) — Talk about a royal flush!
A clogged pipe at an Atlantic City, N.J., casino has led to the discovery of $2.7 million in counterfeit poker chips that had been flushed down a toilet.
Authorities say a Fayetteville, N.C., man sneaked fake chips into a poker tournament at Atlantic City's Borgata casino, leading to the cancellation of one of its events last week.
Christian Lusardi was arrested Friday on charges including theft and rigging a public contest. It's unknown if he has a lawyer.
New Jersey state police say the investigation began when workers at Harrah's Resort went to unclog a sewer pipe in Lusardi's hotel room. The workers found $2.7 million in counterfeit Borgata chips.
Borgata officials then found 160 fake chips at their event.
January 24th, 2014 at 3:18:59 PM
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This guy I assume ?
Christian Lusardi emerged as the dominating chip stack as plays heads into Thursday's Day 2. Lusardi bagged 519,000 in chips to collect both the $2,000 prize for winning his flight and the notoriety of being the Day 1 chip leader. Lusardi, who has just over $30,000 in career cashes, figures to make considerably more than that if he can ride this stack to the final table.
Christian Lusardi emerged as the dominating chip stack as plays heads into Thursday's Day 2. Lusardi bagged 519,000 in chips to collect both the $2,000 prize for winning his flight and the notoriety of being the Day 1 chip leader. Lusardi, who has just over $30,000 in career cashes, figures to make considerably more than that if he can ride this stack to the final table.
Shed not for her
the bitter tear
Nor give the heart
to vain regret
Tis but the casket
that lies here,
The gem that filled it
Sparkles yet
January 24th, 2014 at 3:26:52 PM
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So the guy had managed to mix in 800,000 in fake chips by the time it was discovered.
And the investigation was triggered not by someone noticing the spray painted chips, but by roto-rooter? That's hysterical. I have a great story that's reminding me of, but can't tell it on a public board.
And the investigation was triggered not by someone noticing the spray painted chips, but by roto-rooter? That's hysterical. I have a great story that's reminding me of, but can't tell it on a public board.
If the House lost every hand, they wouldn't deal the game.
January 24th, 2014 at 3:32:16 PM
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And on another thread I said Cheaters were notoriously DUMB.
Looks like I was wrong again.
Looks like I was wrong again.
Shed not for her
the bitter tear
Nor give the heart
to vain regret
Tis but the casket
that lies here,
The gem that filled it
Sparkles yet
January 24th, 2014 at 5:14:47 PM
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Quote: bj4funPer the Tropicana facebook page they have picked up some of the executives from the Atlantic Club. Hopefully they picked up some other employees as well.
Roseanne Moffa – Executive Director Player Development
Fern Farmer - Executive Director Player Development
Marion Pistoia - Director Player Development
I notice the Tropicana has a lot of Directors of Player Development. I'm envisioning slap fights to decide who gets to hold the megaphone and sit in the chair that folds sideways.
"Scientists tell us that the fastest animal on earth, with a top speed of 120 feet per second, is a cow that has been dropped out of a helicopter."
January 24th, 2014 at 6:27:25 PM
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OK, this quote puts Tripadvisor out of biz:
"If Harrah’s had better plumbing I may not be posting this right now":
Christian Lusardi, 42, was arrested in Atlantic City in connection with the Borgata chip cheating scandal. According to a report by the AP, investigators discovered an additional $2.7 million in counterfeit chips that clogged the pipes of his hotel room at Harrah’s resort.
The Borgata posted a statement on their blog that confirmed the New Jersey State Police Casino Gaming Bureau has apprehend a suspect but the investigation was ongoing. “Borgata will continue to work with the DGE and the State Police until this matter is concluded and a final order is issued by the DGE concerning the resolution of Event 1.”
Lusardi was taken into custody on charges of theft and rigging a public contest. He reportedly cashed in the event for $6,814 and was the Day 1C chip leader. Lusardi has three previous cashes from Atlantic City stemming back to 2008.
This seems to coincide with some mysterious posts that surfaced on Two Plus Two just past midnight on Friday morning. “justbecauseican” – a first time poster – claimed in his first post that the responsible party would be arrested on Monday and that the counterfeit chips were “never supposed to be extra chips added. It was more of a ‘set someone up’ kinda thing.”
His second post claimed that he was the responsible party and then his third post claimed he was not guilty for the cheating, but was responsible.
Then he posted, “I flushed the rest down the toilet. Why the toilet? I don’t know. If Harrah’s had better plumbing I may not be posting this right now.”
"If Harrah’s had better plumbing I may not be posting this right now":
Christian Lusardi, 42, was arrested in Atlantic City in connection with the Borgata chip cheating scandal. According to a report by the AP, investigators discovered an additional $2.7 million in counterfeit chips that clogged the pipes of his hotel room at Harrah’s resort.
The Borgata posted a statement on their blog that confirmed the New Jersey State Police Casino Gaming Bureau has apprehend a suspect but the investigation was ongoing. “Borgata will continue to work with the DGE and the State Police until this matter is concluded and a final order is issued by the DGE concerning the resolution of Event 1.”
Lusardi was taken into custody on charges of theft and rigging a public contest. He reportedly cashed in the event for $6,814 and was the Day 1C chip leader. Lusardi has three previous cashes from Atlantic City stemming back to 2008.
This seems to coincide with some mysterious posts that surfaced on Two Plus Two just past midnight on Friday morning. “justbecauseican” – a first time poster – claimed in his first post that the responsible party would be arrested on Monday and that the counterfeit chips were “never supposed to be extra chips added. It was more of a ‘set someone up’ kinda thing.”
His second post claimed that he was the responsible party and then his third post claimed he was not guilty for the cheating, but was responsible.
Then he posted, “I flushed the rest down the toilet. Why the toilet? I don’t know. If Harrah’s had better plumbing I may not be posting this right now.”
January 24th, 2014 at 6:32:14 PM
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Tell me him and the guy whom stole dealer tips with chop sticks are related.
I am a robot.
January 24th, 2014 at 8:38:54 PM
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Quote: bj4funPer the Tropicana facebook page they have picked up some of the executives from the Atlantic Club. Hopefully they picked up some other employees as well.
Roseanne Moffa – Executive Director Player Development
Fern Farmer - Executive Director Player Development
Marion Pistoia - Director Player Development
Aren't those just fancy titles for casino hosts? If not, what is the difference between "Executive Director and Director"? I'm also curious what title is required to approve junkets(charter jet flights and rep commissions) and/or airfare reimbursement directly paid to players via cash(or check which is cashed at the cage). I'm almost sure, but correct me if you can, that any "host" has to earn his/her way or is sent off. These from a now closed property must have retained/stolen their customer list? It's a wicked vial business for those who haven't dug beneath the luster of smiles and good cheers. Much like a pimp and his prostitutes. If you start to grasp the business it loses much of its appeal.
January 24th, 2014 at 8:49:13 PM
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Quote: NokTangAren't those just fancy titles for casino hosts? If not, what is the difference between "Executive Director and Director"? I'm also curious what title is required to approve junkets(charter jet flights and rep commissions) and/or airfare reimbursement directly paid to players via cash(or check which is cashed at the cage). I'm almost sure, but correct me if you can, that any "host" has to earn his/her way or is sent off. These from a now closed property must have retained/stolen their customer list? It's a wicked vial business for those who haven't dug beneath the luster of smiles and good cheers. Much like a pimp and his prostitutes. If you start to grasp the business it loses much of its appeal.
Lotta truth there, Nok. However, it might have to do with the Trop's corporate structure; "Director" can be an eligibility thing for salaries and options not offered to employees, whether "Executive" or not, which can be a tier indicator within the by-laws as well. Might well be a negotiated thing to bring them in at a level that places them properly within an already extant executive group, too, almost like a merger. Can be very complicated and nit-picky at that level, figuring out who reports to whom, which bathroom to use, where you sit on the corporate jet, lots of things.
If the House lost every hand, they wouldn't deal the game.
January 24th, 2014 at 9:15:17 PM
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Why flush them, that's just dumb. There's a dozen places
to stash them in a hotel where it might take weeks to find
them.
to stash them in a hotel where it might take weeks to find
them.
"It's not called gambling if the math is on your side."
January 24th, 2014 at 9:17:25 PM
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Quote: EvenBobWhy flush them, that's just dumb. There's a dozen places
to stash them in a hotel where it might take weeks to find
them.
I posted this on two different threads days ago " I said Cheaters were notoriously DUMB. "
Shed not for her
the bitter tear
Nor give the heart
to vain regret
Tis but the casket
that lies here,
The gem that filled it
Sparkles yet
January 25th, 2014 at 12:40:05 AM
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Quote: EvenBobWhy flush them, that's just dumb. There's a dozen places
to stash them in a hotel where it might take weeks to find
them.
Or toss them in the ocean. Last I read, AC was in fact on the coast. Those who found them onshore could simply tell the cage and police they were with the seashells.
January 25th, 2014 at 2:44:13 AM
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Its true there are a lot of dumb cheaters and criminals. One problem is, you only hear about the ones who get caught.(or talk about it years later) I don't know how many he flushed, I wonder if he didn't originally intend of flushing them. I can imagine him getting paranoid for some reason and wanted to get rid of them fast. Like some guy who thinks hes getting raided with drugs. He may have been pulling this for years and this is the first time they got stuck flushing them. I don't think this guy wanted to walk out of the casino with the chips on him. and the bathroom is the only place he could have got rid of them without the cameras seeing him.Quote: BuzzardI posted this on two different threads days ago " I said Cheaters were notoriously DUMB. "
I guess my question is why was he flushing them in the first place or taking them out of the game? Do you guys think there were way more fake chips then they found? Was he just using them at the start to get a boost in the tourney, then as they became less significant and he won them back he would flush them on breaks or something? Maybe someone can give detailed break down on how this entire scam should work with the information we have about the denomination of chips he was using.
Why use fake chips in the first place? Why not just pocket some real chips from a different smaller buy-in tourney and re introduce them at a bigger one?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
January 25th, 2014 at 2:55:03 AM
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without getting in to all the details. I read a casino report where some guy had some kind of fake money transfer scam to the casinos. he already took a fair some of money, The report said the scam was so good he probably would have never got caught and made millions.
The only reason he got caught...... he told his girl friend what he was doing. She got mad at him for something (no doubt cheating on her) she called the casino he had planned on doing it to next and ratted on him.
The only reason he got caught...... he told his girl friend what he was doing. She got mad at him for something (no doubt cheating on her) she called the casino he had planned on doing it to next and ratted on him.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
