http://nypost.com/2013/12/19/hard-rock-in-talks-to-buy-troubled-revel-casino-sources/
http://www.rgj.com/viewart/20131220/BIZ04/312200048/Atlantic-Club-sold-parts-closed
I like the Atlantic Club more than Trump. Why didn't Trump close first.
Quote: ahiromuNoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
I like the Atlantic Club more than Trump. Why didn't Trump close first.
Trump's "parts" (pre-historic slots) have no value as "parts"
fear not, only the beginning of "ghost casinos" in AC
CET's strategy appears to be mothballing them to reduce competition- vs addressing their own relationship w/ players- good strategy for a hedge fund...disaster for a customer driven entity?
Quote: ahiromuNoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
I like the Atlantic Club more than Trump. Why didn't Trump close first.
Location, location, location?
In regards to the Trump Plaza which a couple of other posters mentioned. Agreed it's currently the most depressing property in AC...but it's center boardwalk location is worth something. Sooner or later (hopefully sooner) somebody is going to buy that place for pennies on the dollar and run it right. I hope.
Trump Plaza's location, & the lack of interest in it , serve as a "weather vane" pointing to the potential for future investment in AC.
It puzzles me that so many players superimpose the fact that "every casino has a house edge" into "every casino makes a profit", without regard to their debt structure, which in AC, is, all that matters right now.
Quote: 7star4nowAtlantic Club to be sold for parts, closed
http://www.rgj.com/viewart/20131220/BIZ04/312200048/Atlantic-Club-sold-parts-closed
I'm wondering, given the situation, how anyone could still spend NYE @ Atlantic Club?
I would feel awkward, celebrating, as the staff is forced to work serving me, while they face this situation.
I think the timing of this situation would be better managed by granting the employees a paid severance, closing the place sooner, -vs forcing the staff to be away from their families to collect blood money working in a dead end proposition over the holidays.
At this point, do the few extra bucks that might come in over the next few weeks really make any difference to the players in this deal?
Quote: 7star4nowI'm wondering, given the situation, how anyone could still spend NYE @ Atlantic Club?
I would feel awkward, celebrating, as the staff is forced to work serving me, while they face this situation.
I think the timing of this situation would be better managed by granting the employees a paid severance, closing the place sooner, -vs forcing the staff to be away from their families to collect blood money working in a dead end proposition over the holidays.
At this point, do the few extra bucks that might come in over the next few weeks really make any difference to the players in this deal?
In a city with 12% unemployment and on a downward spiral I bet that every hour counts and NYE is one of the biggest days of the year for tips.