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Boz
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February 26th, 2014 at 1:37:51 PM permalink
Quote: Lemieux66

Yes. And Caesars wasnt that nice...ESPECIALLY when old man James played there.



Hey that is me! No actually I am not James, but I know exactly who you are talking about. A lot of good memories in that room with the $150 Saturday tournaments a few years back. I made a lot of money off of them by being patient when the tourists would come in just for these every Saturday. The room just died over the past few years and most players knew each other and beat up on the poor guy who showed up on vacation and just wanted to play some poker. I lost interest in that room and started players in PA more, but that is more of the same at Hollywood.
Lemieux66
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February 26th, 2014 at 3:45:08 PM permalink
Quote: Boz

Hey that is me! No actually I am not James, but I know exactly who you are talking about. A lot of good memories in that room with the $150 Saturday tournaments a few years back. I made a lot of money off of them by being patient when the tourists would come in just for these every Saturday. The room just died over the past few years and most players knew each other and beat up on the poor guy who showed up on vacation and just wanted to play some poker. I lost interest in that room and started players in PA more, but that is more of the same at Hollywood.



A few memories of James:

He once called me a cracker.
The first session I ever played with him, we were arguing, he said "You're only picking on me because I'm
70 years old!" I replied "Well yeah, or else I wouldn't." Lol

He called me a "pair player" even though he was a super nit himself.

I heard he plays at Foxwoods now.
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
7star4now
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February 28th, 2014 at 5:46:10 AM permalink
Has AC officially become a 3rd world country?

60-year-old dies in Borgata parking lot:

"ATLANTIC CITY, N.J. - February 27, 2014 (WPVI) -- Controversy continues to swirl around the death of a 60-year-old man who suffered a stroke in the parking deck of the Borgata Hotel in Atlantic City.

"I think he would've been alive today if the security personnel at Borgata would've been more diligent," said Yana Zabavnik.

Yana Zabavnik says her father, Leon, called her Sunday and left a frightening message.

"My dad says to me he has a stroke; he is having a stroke and to call him back," she said.
She called back but got no answer. She frantically called her mom, and others with the help of a phone locator application they learned Leon was at the Borgata parking garage.

They called the casino and Atlantic City Police.

"They knew make of the car, they knew the license plate number; they had a photo of him," she said.

Leon wasn't found.

Yana was in Vermont on business Sunday. On Monday, she and a friend rushed to the Borgata, and she says within a couple of minutes, she found her father's car.

...Yana says casino security and police showed no sense of urgency."
Boz
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February 28th, 2014 at 12:07:30 PM permalink
Quote: 7star4now

Has AC officially become a 3rd world country?

60-year-old dies in Borgata parking lot:

"ATLANTIC CITY, N.J. - February 27, 2014 (WPVI) -- Controversy continues to swirl around the death of a 60-year-old man who suffered a stroke in the parking deck of the Borgata Hotel in Atlantic City.

"I think he would've been alive today if the security personnel at Borgata would've been more diligent," said Yana Zabavnik.

Yana Zabavnik says her father, Leon, called her Sunday and left a frightening message.

"My dad says to me he has a stroke; he is having a stroke and to call him back," she said.
She called back but got no answer. She frantically called her mom, and others with the help of a phone locator application they learned Leon was at the Borgata parking garage.

They called the casino and Atlantic City Police.

"They knew make of the car, they knew the license plate number; they had a photo of him," she said.

Leon wasn't found.

Yana was in Vermont on business Sunday. On Monday, she and a friend rushed to the Borgata, and she says within a couple of minutes, she found her father's car.

...Yana says casino security and police showed no sense of urgency."



I wonder what Joanna M from Borgata would have to say about this is TA allowed this post to last longer than 10 minutes?
7star4now
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February 28th, 2014 at 1:45:06 PM permalink
Quote: Boz

I wonder what Joanna M from Borgata would have to say about this is TA allowed this post to last longer than 10 minutes?



With all due respect to Joanna M, I'd say failing to locate a dying customer, in a car parked in your own parking lot , when: "They knew make of the car, they knew the license plate number; they had a photo of him," must qualify as a new low in customer service- even by AC standards.

Perhaps BG will offer his family a free blender to make it up?
Buzzard
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February 28th, 2014 at 1:56:13 PM permalink
" Perhaps BG will offer his family a free blender to make it up? " Unless he had Platinum status, only a pumpkin pie will be sent to the wake. ( left over from a Thanksgiving give away ).
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
7star4now
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February 28th, 2014 at 3:05:44 PM permalink
Quote: Buzzard

" Perhaps BG will offer his family a free blender to make it up? " Unless he had Platinum status, only a pumpkin pie will be sent to the wake. ( left over from a Thanksgiving give away ).



If he had a Black card, they might waive parking fee?
onenickelmiracle
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February 28th, 2014 at 3:51:17 PM permalink
One of my initial thoughts was a host looked him up and determined it wasn't worth looking for him.

What do these stories teach us? Dial 911.
Still urine poor follow-up by the daughter.
I am a robot.
BedWetterBetter
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February 28th, 2014 at 10:04:54 PM permalink
Quote: 7star4now

If he had a Black card, they might waive parking fee?




Not without ID they won't!!!
7star4now
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March 3rd, 2014 at 9:51:25 AM permalink
Hard Rock filing indicates interest in AC casino

ATLANTIC CITY, N.J. (AP) — The Seminole Indian tribe of Florida, through its Hard Rock franchise, has indicated a renewed interest in the Atlantic City casino market.

Hard Rock, the global casino and entertainment company, asked New Jersey gambling regulators for a ruling on whether the tribe would need to qualify for a casino license should the company acquire or build one here.

Hard Rock has been rumored for months to be interested in the struggling Revel Casino Hotel, whose owners are considering selling it.

In a ruling issued last month, the state's Gaming Enforcement Division said the tribe itself does not need to qualify for a license, but listed several Hard Rock executives who would need to.

Hard Rock, which dropped a 2012 plan to build a casino here, and Revel wouldn't comment.

http://www.chron.com/news/article/Hard-Rock-filing-indicates-interest-in-AC-casino-5284411.php
FatGeezus
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March 3rd, 2014 at 12:01:58 PM permalink
NJ State senator Dick Codey is calling for gambling in the Meadowlands.

http://www.nj.com/bergen/index.ssf/2014/03/lawmakers_call_for_meadowlands_casino_as_atlantic_city_internet_gaming_falter.html
Lemieux66
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March 4th, 2014 at 9:24:16 PM permalink
I want revel to not get purchased SOLELY for the fact that they give away nice things on free gift Thursday.
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
7star4now
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March 10th, 2014 at 2:07:34 PM permalink
More Harrah's Security Video beatings?

http://www.philly.com/philly/news/Another_sues_Harrahs_security_over_beating.html
rdw4potus
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March 10th, 2014 at 4:37:29 PM permalink
"Security" at Ballys refused to let me walk across the casino floor from the bus entrance to the hotel lobby on Thursday. Other guests who arrived via the train shuttle were allowed to traverse the floor with their rolling luggage, but my decision to pack my items into a backpack apparently crossed some sort of line. So I had to go outside and walk around the building to get to the hotel lobby. Thought about just walking back to the train station. Should have. Gambling didn't go well...
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
7star4now
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March 11th, 2014 at 4:03:46 PM permalink
Caesars writes off $1.9 billion
Caesars Entertainment Corp. recorded a $1.89 billion asset impairment charge for its East Coast operations, most of which are in Atlantic City.

The Las Vegas company said that causes for the write-down were "deteriorating market conditions in Atlantic City and potential changes in the expected useful life of certain of our property assets."

Caesars, which teamed with Tropicana to buy the shuttered Atlantic Club in January, also said: "We continue to consider our participation strategies in this region to better align capacity with demand."

For the full year, Caesar's four casinos in Atlantic City plus Harrah's Philadelphia in Chester had cash earnings of $203.4 million, down 23 percent, the company reported. -- Harold Brubaker


Read more at http://www.philly.com/philly/business/20140312_Caesars_writes_off__1_9_billion.html#wlA8j8mRfjijpZ0U.99
coachbelly
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March 11th, 2014 at 5:42:02 PM permalink
Quote: rdw4potus

"Security" at Ballys refused to let me walk across the casino floor from the bus entrance to the hotel lobby on Thursday. Other guests who arrived via the train shuttle were allowed to traverse the floor with their rolling luggage, but my decision to pack my items into a backpack apparently crossed some sort of line. So I had to go outside and walk around the building to get to the hotel lobby.



What bus entrance do you mean? The esclators from Bally's bus garage go right up into the hotel lobby, you don't need to cross the casino floor.
rdw4potus
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March 11th, 2014 at 5:54:06 PM permalink
Quote: coachbelly

What bus entrance do you mean? The esclators from Bally's bus garage go right up into the hotel lobby, you don't need to cross the casino floor.



Bus entrance is the wrong phrase, I suppose. The shuttle from the train depot drops off at the bus stop at Pop Lloyd & Indiana and I entered Bally's about mid-block on Park Place between Pop Lloyd and the Boardwalk.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Tomspur
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March 11th, 2014 at 7:29:23 PM permalink
Quote: rdw4potus

"Security" at Ballys refused to let me walk across the casino floor from the bus entrance to the hotel lobby on Thursday. Other guests who arrived via the train shuttle were allowed to traverse the floor with their rolling luggage, but my decision to pack my items into a backpack apparently crossed some sort of line. So I had to go outside and walk around the building to get to the hotel lobby. Thought about just walking back to the train station. Should have. Gambling didn't go well...



It is quite amazing to me how they can still treat people this way even when they are losing money hand over fist. Also, you would imagine the employees would understand that, if they continue to do what they are doing then they will be without a job sooner than later?

Puzzling to say the very least.
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
rdw4potus
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March 11th, 2014 at 7:38:29 PM permalink
Quote: Tomspur

Also, you would imagine the employees would understand that, if they continue to do what they are doing then they will be without a job sooner than later?



Depends, right? If the security dude let me on the floor, some idiot in a suit may have fired him last week. This way, he keeps his job until management incompetence bleeds the company dry.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
1BB
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March 12th, 2014 at 1:16:14 PM permalink
Quote: rdw4potus

Depends, right? If the security dude let me on the floor, some idiot in a suit may have fired him last week. This way, he keeps his job until management incompetence bleeds the company dry.



Mohegan Sun house rule #7: No baggage is allowed on the casino floor.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
SanchoPanza
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March 12th, 2014 at 1:25:41 PM permalink
Quote: 1BB

Mohegan Sun house rule #7: No baggage is allowed on the casino floor.

Well for Harrah's AC, anyone using the parking garage has to traverse the entire casino floor to check in. Maybe that's part of the reason that they have so many lawsuits over beatdowns by their private guards. Even checking in or out at Caesars. Heck that's the situation all over the place in Las Vegas, even in CZR properties.
7star4now
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March 12th, 2014 at 2:09:33 PM permalink
Is the future of Showboat, Caesars AC, & Ballys AC up for grabs?

According to this, it sounds like a bankruptcy involving Caesars may be inevitable.

It looks like they've tried to isolate their most toxic properties into a separate "Caesars Entertainment Operating Company ", which now holds all AC Casinos except Harrahs, in an effort to set up a "sacrificial lamb" asset to feed the buzzards when they show up at bankruptcy court, & preserve profitable Casinos.

"The company's overall net revenue was up 3.2% in the fourth quarter, to $2.08 billion, but net loss exploded to $1.75 billion. "

"If there's an area that will drag down the operating company, it will be Atlantic City and the rest of regional gaming."

"On Caesars' consolidated balance sheet, the company has an incredible $21.1 billion in debt, resulting in $575.3 million in interest expenses last quarter. That compares to property EBITDA, a proxy for cash flow, of $406.3 million, meaning that, as a whole, Caesars is burning through cash at a rapid rate. Most of the cash burn is in Caesars Entertainment Operating Company which needs to refinance to reduce debt or risk going into bankruptcy."

"would likely be a huge fight for assets if bankruptcy does ensue. "

http://www.fool.com/investing/general/2014/03/12/caesars-entertainment-corps-reshuffling-doesnt-hid.aspx
SanchoPanza
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March 12th, 2014 at 2:18:15 PM permalink
Quote: 7star4now

It looks like they've tried to isolate their most toxic properties into a separate "Caesars Entertainment Operating Company ", which now holds all AC Casinos except Harrahs, in an effort to set up a "sacrificial lamb" assets to feed the buzzards when they show up at bankruptcy court, & preserve profitable Casinos.

The State of New Jersey does not appear to have lifted a finger over the looming problem of what had been one of the state's premier assets.
Lemieux66
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March 18th, 2014 at 12:39:52 PM permalink
Tropicana is giving 3 an hour in NL Holdem on Wednesdays and Thursdays in march. Kinda late but I recently found out myself.
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
ahiromu
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March 18th, 2014 at 2:19:46 PM permalink
I recently spent a comped weekend at Trump Plaza. I'm not sure why they send me offers anymore, but I really appreciate it, nowhere else would give me that unless I consistently showed good play (I don't want to waste too much of my bankroll in AC).

I just started going to this place 14-16 months ago and boy has it slowed down and gotten worse. Just a few things I noticed...

- Pretty much every room door had a noticeable nick on it. Not like from shoes, but a small portion of the top paint was gone from every door. Real eyesore.

- Only about 25% (if that) of the tables were in use Friday and Saturday nights. Their Baccarat lounge NEVER opened and among other things... they never opened more than one craps table (I've seen all three open). Their craps minimum (again, only one table opened up all weekend) went up to $15 at times, you can almost always find a $10 table on the strip in Vegas, so that annoyed me. I like to stay $10 or under, I can't handle the variance involved with having $75 ($15, 5x) odds. If forced, I'll play below the odds max and build up from place bet wins.

- At least one elevator broke down. Another one dropped me off at the floor below mine. Like, someone got off on that floor, the elevator closed, and just stayed there with my floor number highlighted. I waited for 2-3 minutes before just opening the elevator and walking up the stairs to my room.

I like Trump Plaza. The location is amazing and they have been overly gracious with my comps. I had a good time in my weekend there, but I get the feeling that it won't be open much longer.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
Lemieux66
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March 18th, 2014 at 2:29:49 PM permalink
Quote: ahiromu

I recently spent a comped weekend at Trump Plaza. I'm not sure why they send me offers anymore, but I really appreciate it, nowhere else would give me that unless I consistently showed good play (I don't want to waste too much of my bankroll in AC).

I just started going to this place 14-16 months ago and boy has it slowed down and gotten worse. Just a few things I noticed...

- Pretty much every room door had a noticeable nick on it. Not like from shoes, but a small portion of the top paint was gone from every door. Real eyesore.

- Only about 25% (if that) of the tables were in use Friday and Saturday nights. Their Baccarat lounge NEVER opened and among other things... they never opened more than one craps table (I've seen all three open). Their craps minimum (again, only one table opened up all weekend) went up to $15 at times, you can almost always find a $10 table on the strip in Vegas, so that annoyed me. I like to stay $10 or under, I can't handle the variance involved with having $75 ($15, 5x) odds. If forced, I'll play below the odds max and build up from place bet wins.

- At least one elevator broke down. Another one dropped me off at the floor below mine. Like, someone got off on that floor, the elevator closed, and just stayed there with my floor number highlighted. I waited for 2-3 minutes before just opening the elevator and walking up the stairs to my room.

I like Trump Plaza. The location is amazing and they have been overly gracious with my comps. I had a good time in my weekend there, but I get the feeling that it won't be open much longer.



It's known as Dump Plaza for a reason. It has a terrible reputation around town(as does Taj, but for different reasons) and most people will choose to walk over to Caesars/Ballys or Trop.
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
gr8player
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March 18th, 2014 at 3:04:15 PM permalink
Quote: Lemieux66

It's known as Dump Plaza for a reason.



Would you believe that this used to be one of the premier joints in town?

Their Bac action was second to none, and they were always gracious with their comps...oh, and the food, again, second to none. Furthermore, the Trump Plaza was the one Trump hotel that was "supporting" the other two, at that time the Taj and the Marina. A great hotel/casino.

But, My Goodness, in the past 2 to 3 years...it's become more and more a ghost town. What a shame.....
7star4now
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March 18th, 2014 at 4:41:50 PM permalink
For Feb Trump Plaza, was the worst Atlantic City casino: $4 million in gambling revenue vs $5.2 million 2/2013 .

They are approaching bingo hall #'s.

Forget about rooms, I don't see how they'll justify meeting payroll or buying electricity for the slots much longer.

It would be a real black eye for AC to have a ghost casino in this location.

But after the Revel debacle, I don't think even the most crooked "pension fund managers" will go near AC with a 10' pole.
aceofspades
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March 18th, 2014 at 4:46:34 PM permalink
I think AC can only be profitable if half the casinos close
Lemieux66
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March 18th, 2014 at 5:14:21 PM permalink
Quote: gr8player

Would you believe that this used to be one of the premier joints in town?

Their Bac action was second to none, and they were always gracious with their comps...oh, and the food, again, second to none. Furthermore, the Trump Plaza was the one Trump hotel that was "supporting" the other two, at that time the Taj and the Marina. A great hotel/casino.

But, My Goodness, in the past 2 to 3 years...it's become more and more a ghost town. What a shame.....



The most notable thing I remember about Trump Plaza was that Wrestlemania 4 and 5 were held there lol. The old guys in the poker room always talked up Trop and Taj as the places to go. I've never developed many friendships outside of poker.
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
SanchoPanza
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March 18th, 2014 at 7:39:50 PM permalink
Quote: 7star4now

After the Revel debacle, I don't think even the most crooked "pension fund managers" will go near AC with a 10' pole.

The state is once again swinging for the centerfield fence with another giant subsidy:
Atlantic City’s beleaguered Revel Casino & Hotel has lost millions from the start, but that hasn’t stopped New Jersey’s pension system from placing a $300 million bet with the largest owner of the oceanfront resort. The state agency that oversees the multibillion-dollar employee pension funds voted late last year to invest $300 million with Chatham Asset Management, the hedge fund that owns 28 percent in the troubled casino property.

The investment deal is complex. Although the state plans to invest in Chatham, treasury officials say the transfer of funds won’t happen until later this year — when Chatham said it hopes to shed itself from the faltering casino. . . . The 1,399-room Revel emerged from bankruptcy protection last year from nearly $1.5 billion in debt yet continues to have difficulty attracting customers. It ranked ninth out of 11 casinos in revenue last month, and is expected to be sold sometime this year for as little as $200 million to $300 million, a far cry from the $2.4 billion it cost to build.

The 47-story Revel, touted by Gov. Chris Christie as a model for Atlantic City’s rebirth, has been a tremendous failure. It lost more than $100 million in its first year of operations. courier-post
7star4now
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March 19th, 2014 at 1:47:51 PM permalink
"The state is once again swinging for the centerfield fence with another giant subsidy"

From an editorial on this:

" with so many venues and funds from which to choose, why would the state put hundreds of millions of dollars there? Will it become yet another losing bet on a casino with a consistent track record of failure?

The state Treasury Department’s Investment Division originally assured the Investment Council that Chatham would no longer have a stake in Revel by the time the state contributed the funds. But there is no guarantee that will happen. The council could just as easily have waited until after the hedge fund actually rid itself of the Revel albatross....

The decision by the Investment Council to sink $300 million into the Chatham hedge fund seems to mirror the Christie administration’s attachment to Revel, a dinosaur from the minute it opened....

Rather than being the game-changer for Atlantic City Christie had promised, Wall Street casino analysts say Revel has not expanded the market, as once hoped. Instead, the gaming market there has continued to shrink.

What we have here, then, is one more gamble on Revel by the Christie administration, which cannot seem to walk away from this game."

http://www.app.com/article/20140318/NJOPINION01/303180061/EDITORIAL-Investment-Council-makes-wager-Revel-albatross
NokTang
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March 20th, 2014 at 12:04:37 AM permalink
What happened to the Caesars bid for Revel? I thought there was a very limited time to bid and of course, close on the deal?
SanchoPanza
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March 20th, 2014 at 5:41:09 AM permalink
Quote: 7star4now

What we have here, then, is one more gamble on Revel by the Christie administration, which cannot seem to walk away from this game." http://www.app.com/article/20140318/NJOPINION01/303180061/EDITORIAL-Investment-Council-makes-wager-Revel-albatross

The irony about the reputed purchase price in another section of that piece is just too much to ignore:
"Investing in a hedge fund that is a major owner of a property that emerged from bankruptcy protection last year from nearly $1.5 billion in debt seems to be taking risk to a whole new level. Revel, which cost $2.4 billion to build, is expected to be sold sometime this year for as little as $200 million to $300 million. It continues to have difficulty attracting customers, ranking ninth out of 11 casinos in the state. The decision by the Investment Council to sink $300 million into the Chatham hedge fund seems to mirror the Christie administration’s attachment to Revel, a dinosaur from the minute it opened."
7star4now
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March 20th, 2014 at 5:57:19 AM permalink
Quote: SanchoPanza

The irony about the reputed purchase price in another section of that piece is just too much to ignore:
"Investing in a hedge fund that is a major owner of a property that emerged from bankruptcy protection last year from nearly $1.5 billion in debt seems to be taking risk to a whole new level. Revel, which cost $2.4 billion to build, is expected to be sold sometime this year for as little as $200 million to $300 million. It continues to have difficulty attracting customers, ranking ninth out of 11 casinos in the state. The decision by the Investment Council to sink $300 million into the Chatham hedge fund seems to mirror the Christie administration’s attachment to Revel, a dinosaur from the minute it opened."



Yeah, even at < 20 cents per $, vs. what it so recently cost to build, it's hard to believe an AC property, with such a limited customer base, could fetch $200 million.
rdw4potus
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March 20th, 2014 at 1:58:29 PM permalink
I just watched one of the more disgusting things I've ever seen. Exiting the train in AC, a little old woman failed to "watch the gap" and totally biffed it. The guy after her in line broke stride only as much as was necessary to not step on her and just kept going. What a jackass.

Also, it seems even the gulls in AC are evil. They dropped seashells on me as i walked from Harrah's to Borgata. There's got to be some pretty epic security cam footage of me running away as they continued to drop & break the shells on the sidewalk.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
geoff
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March 20th, 2014 at 2:02:33 PM permalink
Quote: rdw4potus

I just watched one of the more disgusting things I've ever seen. Exiting the train in AC, a little old woman failed to "watch the gap" and totally biffed it. The guy after her in line broke stride only as much as was necessary to not step on her and just kept going. What a jackass.

Also, it seems even the gulls in AC are evil. They dropped seashells on me as i walked from Harrah's to Borgata. There's got to be some pretty epic security cam footage of me running away as they continued to drop & break the shells on the sidewalk.



Those were just the new welcoming gifts.
aceofspades
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March 20th, 2014 at 2:05:30 PM permalink
Quote: rdw4potus


I just watched one of the more disgusting things I've ever seen. Exiting the train in AC, a little old woman failed to "watch the gap" and totally biffed it. The guy after her in line broke stride only as much as was necessary to not step on her and just kept going. What a jackass.

Also, it seems even the gulls in AC are evil. They dropped seashells on me as i walked from Harrah's to Borgata. There's got to be some pretty epic security cam footage of me running away as they continued to drop & break the shells on the sidewalk.



Quote: geoff

Those were just the new welcoming gifts.





How many tier points for those…? :-)
Boz
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March 25th, 2014 at 10:28:15 AM permalink
http://www.nj.com/business/index.ssf/2014/03/casino_union_workers_seek_to_protect_revel_workers_if_gambling_hall_is_sold.html

Most on here know which side of the political fence I am on and naturally how that would make me feel about the crooked unions, but here is more nonsense out of them and how they use what little power they have left to threaten people who could actually SAVE the jobs here....new owners.

Seems like the unions still haven't moved past the days of Hoffa and the Central States Teamster Fund.
Boz
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March 25th, 2014 at 10:31:06 AM permalink
And part 2 of this as I was still steaming and thinking is how is this place going to make it if the Union did get in and changed all the rules Revel created to make it EASIER to get rid of bad employees after a few years. Keeping employee costs down and requiring them to replay in time was one of the few things they did right. OK, it might be the ONLY thing they did right.
7star4now
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March 26th, 2014 at 11:35:58 AM permalink
It would be sad, & ironic, if union demands are the final straw that scares off a credible, potential buyer & Revel's fate is to become the next "Xanadu" in NJ.

Is it a coincidence that pro business environments in Macau & Nevada created billions of $ in commerce, & hundreds of thousands of jobs (incl union workers)?

It's the "Nanny state" mentality of the powers that be,in NJ, that's preventing AC from succeeding in one of the worlds most potentially lucrative gambling markets.

Every business deals with competition. The examples above show a once obscure country, another in the middle of a desert, that no one would want to visit -were it not for the focus on world class gaming (& yes, they too have plenty of competition).

http://www.usatoday.com/story/news/nation/2014/01/14/meadowlands-super-bowl-xanadu-american-dream-shopping/4456571/
7star4now
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March 26th, 2014 at 3:01:38 PM permalink
Quote: 7star4now

Is the future of Showboat, Caesars AC, & Ballys AC up for grabs?

According to this, it sounds like a bankruptcy involving Caesars may be inevitable.

It looks like they've tried to isolate their most toxic properties into a separate "Caesars Entertainment Operating Company ", which now holds all AC Casinos except Harrahs, in an effort to set up a "sacrificial lamb" asset to feed the buzzards when they show up at bankruptcy court, & preserve profitable Casinos.

"The company's overall net revenue was up 3.2% in the fourth quarter, to $2.08 billion, but net loss exploded to $1.75 billion. "

"If there's an area that will drag down the operating company, it will be Atlantic City and the rest of regional gaming."

"On Caesars' consolidated balance sheet, the company has an incredible $21.1 billion in debt, resulting in $575.3 million in interest expenses last quarter. That compares to property EBITDA, a proxy for cash flow, of $406.3 million, meaning that, as a whole, Caesars is burning through cash at a rapid rate. Most of the cash burn is in Caesars Entertainment Operating Company which needs to refinance to reduce debt or risk going into bankruptcy."

"would likely be a huge fight for assets if bankruptcy does ensue. "

http://www.fool.com/investing/general/2014/03/12/caesars-entertainment-corps-reshuffling-doesnt-hid.aspx



Caesars Noteholders: "NOT so fast CET":
"Caesars Entertainment Corp. said a group of noteholders at one of its operating subsidiaries is claiming the unit is insolvent and the company improperly transferred its prime casino holdings to another Caesars-related entity."
7star4now
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March 26th, 2014 at 5:40:16 PM permalink
(CZR) closing Harrah’s Tunica, Mississippi June 2 -Are AC &LV next? (Showboat, Ballys, CZR AC , Rio, Harrahs LV, et al,) next in their distressed propety group above??:

My guess is that they might want to buy Revel to put in their "growth property group". where they still have a prayer of financing, & dump (except Harrahs)3 AC properties which they have no chance of refi -since they put them into their dog group

Caesars Entertainment Corp. (CZR) said it will close its Harrah’s casino in Tunica, Mississippi, eliminating 1,300 jobs because of declining business and increased competition.

http://www.bloomberg.com/news/2014-03-26/caesars-closes-mississippi-casino-in-sign-of-saturation.html
NokTang
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March 27th, 2014 at 2:57:12 AM permalink
Quote: 7star4now

(CZR) closing Harrah’s Tunica, Mississippi Junel



During my junket research, it seemed like Harrah's Tunica and Harrah's Atlantic City were the two offered by just about every operator. It's odd that the junket business doesn't support these properties.
7star4now
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March 27th, 2014 at 10:53:45 AM permalink
Shootout @ "The Walk" Outlet Shops:

A police chase has ended with a deadly shooting in the heart of Atlantic City's shopping district.

The chase ended at Atlantic and Missouri Avenues near the The Walk outdoor outlet mall in Atlantic City, N.J. around 1 p.m., police tell NBC10.com.

Police say the suspect fired upon officers from the window of their vehicle during the chase. Officers returned fire upon a person involved in the chase.

The suspect was killed, police said. No officers were hurt.

Events that sparked the chase are still unclear.

This is a developing story. Check back for updates.

http://www.nbcphiladelphia.com/news/local/Police-Chase-Leads-to-Shooting-at-Atlantic-City-Shopping-Outlet-252692831.html
Boz
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March 27th, 2014 at 11:01:34 AM permalink
You don't see this on the other forum as nothing bad ever happens in AC according to the Good Ship R and Jerry Lewis.
7star4now
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March 27th, 2014 at 11:13:40 AM permalink
Quote: Boz

You don't see this on the other forum as nothing bad ever happens in AC according to the Good Ship R and Jerry Lewis.



Maybe it will be spun as " The sound of gunfire, it's Springtime in AC, I cussingly love dressing up & dancing over the bullets" ♫ ♫ ♫
rdw4potus
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March 27th, 2014 at 12:26:39 PM permalink
Quote: 7star4now

Shootout @ "The Walk" Outlet Shops:

A police chase has ended with a deadly shooting in the heart of Atlantic City's shopping district.

The chase ended at Atlantic and Missouri Avenues near the The Walk outdoor outlet mall in Atlantic City, N.J. around 1 p.m., police tell NBC10.com.

Police say the suspect fired upon officers from the window of their vehicle during the chase. Officers returned fire upon a person involved in the chase.

The suspect was killed, police said. No officers were hurt.

Events that sparked the chase are still unclear.

This is a developing story. Check back for updates.

http://www.nbcphiladelphia.com/news/local/Police-Chase-Leads-to-Shooting-at-Atlantic-City-Shopping-Outlet-252692831.html



Sweet Jesus! Wanna guess who's super happy to have walked from Caesars to the train station at 12 and not at 1 as originally planned?!? That's right...this guy!
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
7star4now
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April 2nd, 2014 at 4:55:40 PM permalink
Nah, Revel (&BG) would never renege on a promise to a gambler...

From this , to CET reneging on earned AC player benefits, mid-year, AC wonders why it is not taken seriously as a premiere gaming destination?

Time to drop the Tony Soprano tactics, compete as real businesses, & honor customers?

"High-roller claims casinos stuck him with pricey freebies after $100K

He’s taking on Atlantic City.
A wealthy Long Island businessman and self-described “high-roller” gambler is suing a pair of ritzy Atlantic City casinos for begging him to spend his cash at their tables – and then sticking him with bills for pricey freebies they’d promised him when he proceeded to win more than $100,000, according to a Brooklyn federal lawsuit.
Millionaire gambler Darryl Abramowitz claims that breathless reps from the Borgata and Revel casinos repeatedly contacted him and offered up lavish complimentary amenities — from poolside cabanas to personal butlers — so he would blow his stacks of cash inside their gambling dens, according to his suit.
Abramowitz, of Merrick, claims that he is known as a heavy-hitting gambler across the country and is frequently lobbied to play at top gaming facilities, the suit states.
“By most, if not all standards, including the defendants herein, he is considered a ‘high roller…’ ” the suit states.
The blackjack whiz claims that Revel representative Frank Playo contacted him in March of 2012 and offered him “RFB” — casino slang for a free room, food and beverages.
In addition, Playo offered up a poolside cabana large enough to accommodate Abramowitz and his family, the suit states.
After spending three days at the facility, Abramowitz managed to rack up $23,000 in blackjack winnings and decided it was time to hit the road back to Long Island.
But after he got a $3,747 bill for his cabana celebration, Abramowitz complained to Revel officials who assured him that it was all a mistake, the suit states.
Abramowitz claims that Playo later reneged on his promise to reverse the charges and told him “you actually won some bets … you can handle your bill,” suit papers state.
“They do it all the time,” Abramowitz told The Post. “They promise you things and then don’t give them to you.”
The gambler also claims that Borgata representatives pestered him to come play at their complex — and offered him free room, food and beverage as well as $5,000 to blow at luxury stores in the casino.
But their enthusiasm for following through on the freebies receded after Abramowitz won a whopping $105,000.
Thinking it was all on the house, Abramowitz soon spent $900 on clothes at a Hugo Boss store and asked for a $500 voucher to the pricey “Old Homestead Steakhouse.”
“Although the Plaintiff had been told that he could bill everything through his room, which was comped along with the shopping and steakhouse bills, after he left, all such expenses that were placed on his credit card were not removed,” the suit states.
Abramowitz claims that a Borgata rep balked when he asked for his money to be returned. “We are running a business here — we don’t need customers like you.”
His attorney, Brian Davis, said that casinos are far less willing to follow through on comp requests when players are winning.
“If my client was down $100,000 they would do anything they could to have him stay,” he said. “He was up, he decided it was time to walk away, and they didn’t like that.”
Revel and Borgata reps did not immediately return calls for comment.

http://nypost.com/2014/04/02/casinos-reneged-on-high-rollers-comps-after-he-won-lawsuit/
bw
bw
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April 2nd, 2014 at 5:06:51 PM permalink
Would these promises of freebies normally be in writing? If not, players should demand that they be put in writing so that all terms are clear.
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