Atlantic City Open Forum

Hard Rock in talks to buy troubled Revel Casino

http://nypost.com/2013/12/19/hard-rock-in-talks-to-buy-troubled-revel-casino-sources/

Atlantic Club to be sold for parts, closed

http://www.rgj.com/viewart/20131220/BIZ04/312200048/Atlantic-Club-sold-parts-closed

Noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

I like the Atlantic Club more than Trump. Why didn't Trump close first.

Quote: ahiromu

Noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

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: ahiromu

Noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

I like the Atlantic Club more than Trump. Why didn't Trump close first.

Location, location, location?

Quite frankly I find it funny places bringing in millions can't make it. Then a casino with all those jobs is sold for five percent of the previous purchase price. No matter the dim future, there have to be just so many individuals and businesses that could afford the deal. Who cares if it's a porn site owner if the place stays open? If I would have won the Mega, I would have considered it and would not have followed the casino religion they all practice. Just all there is in America are oligarchies and human clones everywhere. AC needs a maverick and some leadership. I'll just never understand these things. It just always seems like the real truth there is really only one company running every industry like a hydra with five heads.

Wow....I can't say I'm surprised the Atl. Club is closing..it has the worst location of any of the AC properties. But it seemed like they were making a little niche for themselves as the low roller/local joint in town. On a related note. They have been chasing my middling green chip action hard. So hard they comped me a suite for New Years Eve with all the trimmings.. free tickets to show...champagne in the room... free access to the party in the ballroom blah blah blah. I accepted, and was looking forward to a little adult time with the wife. Now it just seems sad, like a funeral or something. Though I can't say I'll miss the place it's pretty dated and unremarkable.

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.

I agree.

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: 7star4now

Atlantic 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: 7star4now

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?

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.