Hard Rock Casino in AC future?
January 26th, 2015 at 11:07:10 AM
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The Hard Rock Casino is again looking at AC. http://abcnews.go.com/US/wireStory/hard-rock-dips-toe-atlantic-city-casino-market-28493433
January 26th, 2015 at 2:02:03 PM
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I saw this article too. Weren't they originally going to build on the site where the Sands used to be? Just north of the Claridge? They cleared the site and everything but then never did anything. It's some kind of weird park now. Or was that the failed Pinnacle venture. Hard to say. Shame they can't buy the Showboat or the Revel. They'd do a better job for sure i would think.
January 26th, 2015 at 2:20:13 PM
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What are they doing with Trump Plaza? I personally think that's one of the best locations in AC, it's one of the first things you see from the AC Expressway when you get into town and it's close to the Walk. They'd have to do a real overall but I think the bones are there. The Golden Nugget did a great job revamping the Trump Marina which always seemed "smelly moldy" to me and I always felt like the flooring was off kilter, like we were on a houseboat. (maybe then again that might have been the multiple Grey Goose on the rocks)
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January 26th, 2015 at 2:30:43 PM
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Quote: MrsHeartRN. (maybe then again that might have been the multiple Grey Goose on the rocks)
Not that there is anything wrong with that!:)
January 26th, 2015 at 2:43:04 PM
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That was Pinnacle.Quote: vendman1Weren't they originally going to build on the site where the Sands used to be? Just north of the Claridge?
Or was that the failed Pinnacle venture.
The Hard Rock was going to be on a lot about 2 blocks south of the Hilton, at the south end of Pacific Ave at Albany Ave. It's unclear if Hard Rock ever purchased that lot, but the plans got killed as a result of the lousy initial results posted by Revel.
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January 26th, 2015 at 2:43:50 PM
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. IQuote: vendman1I saw this article too. Weren't they originally going to build on the site where the Sands used to be? Just north of the Claridge? They cleared the site and everything but then never did anything. It's some kind of weird park now. Or was that the failed Pinnacle venture. Hard to say. Shame they can't buy the Showboat or the Revel. They'd do a better job for sure i would think.
I think they were going to build just south of the now closed atlantic club /hilton in partnership with Bashaw and Barr who own the Chelsea hotel.
I would wait until bankruptcy runs its course for AC. Pricing should be below dirt cheap for ocean front land /property.
I've been to a CCC meeting. What a farce this commission is, laughable.
January 26th, 2015 at 2:46:25 PM
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Quote: DJTeddyBearThat was Pinnacle.
The Hard Rock was going to be on a lot about 2 blocks south of the Hilton, at the south end of Pacific Ave at Albany Ave.
Bashaw and Barr paid 600 million just for the empty lots in that area. Probably can buy for 6 million now. They tried to get hard rock to bail them out.
January 26th, 2015 at 3:41:30 PM
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I'd really like to see a makeover and rebirth of the Atlantic Club / Hilton site... and Hard Rock would be a nice brand to do it.
However, something like that-- and any new investment or expansion anywhere in A.C. just isn't going to happen.
However, something like that-- and any new investment or expansion anywhere in A.C. just isn't going to happen.
January 26th, 2015 at 5:27:13 PM
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I agree Atlantic Club would be an excellent candidate for a Hard rock casino. However, Caesar's ent. bought Atlantic Club at bankruptcy and placed a restriction on the deed basically forbidding a casino at that location. Ditto for Showboat and The Claridge.
Who knows perhaps the Chelsea can become the Hard rock? I am having trouble seeing anyone build a new casino from scratch. Lenders would shudder at the thought.
I really think a small place with little overhead has the best chance for success. Trump Plaza has an excellent location and no deed restriction. But is in dire need of much remodeling that doesn't come cheap.
Who knows perhaps the Chelsea can become the Hard rock? I am having trouble seeing anyone build a new casino from scratch. Lenders would shudder at the thought.
I really think a small place with little overhead has the best chance for success. Trump Plaza has an excellent location and no deed restriction. But is in dire need of much remodeling that doesn't come cheap.
January 26th, 2015 at 6:10:43 PM
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Not trying to derail the thread, but isn't it so laughable when a New Jersey'er remembers all that fierce battle about those two ugly disgusting words that hurt so many, "Eminent Domain".????!!!!
The power and the hopes (erections) of the political garbage not that long ago.
The power and the hopes (erections) of the political garbage not that long ago.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 26th, 2015 at 9:32:14 PM
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I also think that the Plaza building would be great for a casino. The location is amazing, and the resort itself is laid out well (I felt) because of it's small size. The east tower had amazing views, and the main tower was right there (never stayed in that one). It wasn't a big casino floor, but this day and age in AC you really don't need one. I know remodel is expensive, but I think even a rehab of the rooms would be a huge step in the right direction. The pillars everywhere were quite odd, and the marble throughout is over the top, but even just trimming that down and some room rehab would make the resort quite nice. I stayed in the east tower a few times, and the rooms (IMO) were nice. Throw some fresh paint and updated bedding, and that makes people instantly happier (although, they need a whole overhaul). I do think someday we're going to see at least a boutique casino at the Plaza building.
January 27th, 2015 at 2:26:15 AM
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Quote: pens4821I also think that the Plaza building would be great for a casino. The location is amazing, and the resort itself is laid out well (I felt) because of it's small size. The east tower had amazing views, and the main tower was right there (never stayed in that one). It wasn't a big casino floor, but this day and age in AC you really don't need one. I know remodel is expensive, but I think even a rehab of the rooms would be a huge step in the right direction. The pillars everywhere were quite odd, and the marble throughout is over the top, but even just trimming that down and some room rehab would make the resort quite nice. I stayed in the east tower a few times, and the rooms (IMO) were nice. Throw some fresh paint and updated bedding, and that makes people instantly happier (although, they need a whole overhaul). I do think someday we're going to see at least a boutique casino at the Plaza building.
I agree, and it would be a shame for such a great facility/location to go to waste. Its prime boardwalk real estate.
January 27th, 2015 at 6:19:07 AM
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Atlantic club was recently purchased by a PA firm that has retirement properties in its portfolio. They haven't announced any plans for the building to date. The building needs significant infrastructure repairs.
Our Mayor has stated he has exciting news on the property but he can't mention news yet. I hope so because the boardwalk ends at Tropicana since closing. All the businesses between trop and Hilton are dying or dead.
The Mayor wants the Trump Plaza demolished.
Our Mayor has stated he has exciting news on the property but he can't mention news yet. I hope so because the boardwalk ends at Tropicana since closing. All the businesses between trop and Hilton are dying or dead.
The Mayor wants the Trump Plaza demolished.
January 27th, 2015 at 12:04:20 PM
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Hard to see it. Hard Rock is flailing in LV. The universe of people both rich enough and stupid enough to pay $300 for $40 bottles of vodka is finite and declining.
January 27th, 2015 at 12:24:50 PM
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Hard Rock LV (near chapter 11), is owned by Brookfield, Canada (who Backed out of Revel).
Seminole Tribe of Florida Hard Rock entity is at issue at Thurs hearing:
"2006- Seminole Tribe of Florida for $965 million bought Hard Rock business . Included in the deal were 124 Hard Rock Cafes, four Hard Rock Hotels, two Hard Rock Hotel and Casino Hotels, two Hard Rock Live! concert venues, and stakes in three unbranded hotels."
** The Hard Rock Hotel and Casino in Las Vegas was not part of the deal, as it was sold by Peter Morton to Morgans Hotel Group in May 2006.***
As part of the deal, MHG ** retained the rights to use the Hard Rock name for hotels and casinos in the Western United States and certain other territories**. Morgans operated the property and had a 12.8% equity partner in the venture along with DLJ Merchant Banking Partners until February 2011. At that time, ownership of the hotel was turned over to Brookfield,"
Seminole Tribe of Florida Hard Rock entity is at issue at Thurs hearing:
"2006- Seminole Tribe of Florida for $965 million bought Hard Rock business . Included in the deal were 124 Hard Rock Cafes, four Hard Rock Hotels, two Hard Rock Hotel and Casino Hotels, two Hard Rock Live! concert venues, and stakes in three unbranded hotels."
** The Hard Rock Hotel and Casino in Las Vegas was not part of the deal, as it was sold by Peter Morton to Morgans Hotel Group in May 2006.***
As part of the deal, MHG ** retained the rights to use the Hard Rock name for hotels and casinos in the Western United States and certain other territories**. Morgans operated the property and had a 12.8% equity partner in the venture along with DLJ Merchant Banking Partners until February 2011. At that time, ownership of the hotel was turned over to Brookfield,"
January 27th, 2015 at 12:28:06 PM
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Quote: Intheknow
The Mayor wants the Trump Plaza demolished.
Did he say why?
January 27th, 2015 at 12:40:31 PM
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Quote: GandlerDid he say why?
Because he's a brain dead moron?
January 27th, 2015 at 12:47:01 PM
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Trump has numerous serious problems from years of deferred maintainance. This supposedly includes mold from what I heard. The untold millions required to fix it would just lead to an outdated casino. Demolishion would provide space to add new retail or tourism space. It would also create a view to the water as people entered AC.
January 27th, 2015 at 12:51:32 PM
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Also Hard Rick is a good fit. The clubs at Borgata and The Pool at Harrahs draws young people from far and wide. The HQ night club and the Dayclub was making plenty if money at Revel. Hard Rock would be a magnet fir the young hip crowd.
January 27th, 2015 at 1:00:06 PM
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OK I'll agree that tearing down Trump plaza makes sense if someone was willing to build a new facility on the site. Preferably by a well funded operator who is willing to put in enough money to do it right. Much as I wish that would happen, does anyone really foresee that happening?
January 27th, 2015 at 1:20:01 PM
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Unfortunately I believe the Plaza is toast.
As said before a smallish casino with good clubs can really back em in.
With gambling in sharp decline in A.C. an increasing amount of revenue needs to come from rooms, food & drink and clubs.
I am having trouble seeing anything but a smallish place. Just to much overhead to be a viable property with a large building.
How about this......
The Shops at Caesar's. Floor to ceiling glass looking out over a well lit beach at night? Full of clubs, bars and resturaunts and a smallish casino?
As said before a smallish casino with good clubs can really back em in.
With gambling in sharp decline in A.C. an increasing amount of revenue needs to come from rooms, food & drink and clubs.
I am having trouble seeing anything but a smallish place. Just to much overhead to be a viable property with a large building.
How about this......
The Shops at Caesar's. Floor to ceiling glass looking out over a well lit beach at night? Full of clubs, bars and resturaunts and a smallish casino?
January 27th, 2015 at 1:42:46 PM
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Quote: GandlerDid he say why?
According to press reports: The Plaza is apparently so run down that rebuilding would be just as cost-effective as renovating it.
However, since no one is going to invest or build a new casino in A.C. these days- the idea is to knock it down to have one less dark empty building on the boardwalk-- and in this case the open space would be used to create a connection to the beach / water for people just arriving in A.C. due to it's location.
January 27th, 2015 at 2:07:22 PM
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Quote: 7star4nowHard Rock LV (near chapter 11), is owned by Brookfield, Canada (who Backed out of Revel).
Seminole Tribe of Florida Hard Rock entity is at issue at Thurs hearing:
"2006- Seminole Tribe of Florida for $965 million bought Hard Rock business . Included in the deal were 124 Hard Rock Cafes, four Hard Rock Hotels, two Hard Rock Hotel and Casino Hotels, two Hard Rock Live! concert venues, and stakes in three unbranded hotels."
** The Hard Rock Hotel and Casino in Las Vegas was not part of the deal, as it was sold by Peter Morton to Morgans Hotel Group in May 2006.***
As part of the deal, MHG ** retained the rights to use the Hard Rock name for hotels and casinos in the Western United States and certain other territories**. Morgans operated the property and had a 12.8% equity partner in the venture along with DLJ Merchant Banking Partners until February 2011. At that time, ownership of the hotel was turned over to Brookfield,"
The real reason they did not purchase it or try to was there reputation with the Rehab Pool Party and Seminole did not like the bad publicity along with 9 or so major NGC violations including employee drug dealing and other serious criminal charges and investigations. The Seminoles sued Morgan's in NY Federal Court to debrand them. During the course of the suit, the Morgan's gave the property back to Credit Sussie that part it put for management. Seminole has their eye on a property with eventual entrance into the Vegas market.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 27th, 2015 at 3:19:23 PM
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Tear down Trump and expand the Walk to Boardwalk is what Mayor stated (La la la la la while skipping down the boardwalk).
This city is so f 'd up. I call it the most under utilized City in the world. Where else can you have four towns on one 10 mile long island with multi million dollar property on one end and section 8 housing on the other end?
You can have a beach front condo in AC for 40k.
This city is so f 'd up. I call it the most under utilized City in the world. Where else can you have four towns on one 10 mile long island with multi million dollar property on one end and section 8 housing on the other end?
You can have a beach front condo in AC for 40k.
January 27th, 2015 at 6:57:16 PM
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Quote: IntheknowTear down Trump and expand the Walk to Boardwalk is what Mayor stated (La la la la la while skipping down the boardwalk).
This city is so f 'd up. I call it the most under utilized City in the world. Where else can you have four towns on one 10 mile long island with multi million dollar property on one end and section 8 housing on the other end?
You can have a beach front condo in AC for 40k.
Yeah but the property tax is likely 20 grand a year.
January 27th, 2015 at 7:45:05 PM
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Quote: bobsimsYeah but the property tax is likely 20 grand a year.
Not after we declare bankruptcy.
January 29th, 2015 at 10:32:44 AM
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Hard Rock gets preliminary NJ, approval, Revel partnership?
http://www.winnipegfreepress.com/business/hard-rock-eyes-revel-as-it-gets-preliminary-approval-to-enter-new-jersey-casino-market-290217221.html
http://www.winnipegfreepress.com/business/hard-rock-eyes-revel-as-it-gets-preliminary-approval-to-enter-new-jersey-casino-market-290217221.html
January 29th, 2015 at 10:39:50 AM
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Quote: IntheknowTear down Trump and expand the Walk to Boardwalk is what Mayor stated (La la la la la while skipping down the boardwalk).
This city is so f 'd up. I call it the most under utilized City in the world. Where else can you have four towns on one 10 mile long island with multi million dollar property on one end and section 8 housing on the other end?
You can have a beach front condo in AC for 40k.
I cant remember the name of the building now for the life of me, but the condos that had a waiting line a mile long back in the 90's, the tall building just north of the old Bally's Grand. People from NYC scuffed most of the up and made huge profits, now I would imagine the prices are probably cut 6 to 8 times what they used to go for??? The tall 25 story building or so right on the boardwalk between Trop and the old Bally's Grand. One bedrooms and studios were well over $500k for a while I think.
Was it Ocean Club???
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 29th, 2015 at 10:53:53 AM
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Maybe the Ritz.
January 29th, 2015 at 11:07:22 AM
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Yes it was the Ocean Club, looked it up. Ocean Club Condominiums. The two building with the huge square base on the bottom level.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 29th, 2015 at 11:43:47 AM
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Quote: bobsimsYeah but the property tax is likely 20 grand a year.
I hope that is a joke; bankruptcy will not discharge property taxes.
January 29th, 2015 at 4:42:19 PM
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Though the one rumor is they want to operate the casino for the new owner of the building known as Revel if the sale actually goes through by the deadline of Feb 7. I can't help believing this is groundwork should gambling expand to the Meadowlands.
January 29th, 2015 at 5:20:48 PM
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Quote: jerrysnjThough the one rumor is they want to operate the casino for the new owner of the building known as Revel if the sale actually goes through by the deadline of Feb 7. I can't help believing this is groundwork should gambling expand to the Meadowlands.
Good point Jerry.
I kept asking myself "why now?" for Hard Rock, after years of cold feet.
With the State takeover of AC, it could well be "implied" that committed AC casino operators will get 1st dibs on the Holy Grail- the Meadowlands.
Although I would not patronize the Meadowlands over AC myself, I think it will have the potential to rival Vegas in gaming revenues, as AC once did.
January 29th, 2015 at 6:43:40 PM
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Quote: bobsimsI hope that is a joke; bankruptcy will not discharge property taxes.
As a taxpayer I'd pay more in taxes just to see the local hogs pensions get cut by 4% in bankruptcy.
I'm going to guess you're not from NJ.
January 29th, 2015 at 7:40:53 PM
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Quote: GandlerI agree, and it would be a shame for such a great facility/location to go to waste. Its prime boardwalk real estate.
Let's play the analogy game:
Prime boardwalk real estate is to AC as: _____________________ is to _____________________.
January 29th, 2015 at 8:40:52 PM
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Quote: aceofspadesLet's play the analogy game:
Prime boardwalk real estate is to AC as: _____________________ is to _____________________.
Central Park West is to Manhattan. Lake Shore Drive is to Chicago. Pacific Coast Highway is to the towns it runs through.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 29th, 2015 at 8:52:19 PM
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A mirage is to an unlit cave?
January 30th, 2015 at 11:04:37 AM
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"Seminole Hard Rock Entertainment CEO James Allen told the Associated Press on Thursday that he has had conversations this month with Straub. The AP said no agreement has been reached for Hard Rock to partner with Straub on a purchase, and Allen would not say if Hard Rock was interested in being a co-purchaser of Revel with Straub, or the operator or manager of the facility."
http://www.njbiz.com/article/20150130/NJBIZ01/150139978/Hard-Rock-owners-start-process-that-could-end-with-AC-gaming-license
http://www.njbiz.com/article/20150130/NJBIZ01/150139978/Hard-Rock-owners-start-process-that-could-end-with-AC-gaming-license
January 30th, 2015 at 2:08:54 PM
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Hard Rock will enter AC after City settles out of bankruptcy.
The National labor relations board ordered Taj (Icahn) to re-instate union contracts today (or something to that effect). The Taj will be shuttered within 6 months.
The National labor relations board ordered Taj (Icahn) to re-instate union contracts today (or something to that effect). The Taj will be shuttered within 6 months.
January 30th, 2015 at 2:32:13 PM
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Best thing that could ever happen to AC is that the Seminoles buy it lock, stock and barrel for cash and turn it into a sovereign nation and get rid of everything except the casinos and send everything else over to Camden, Paterson and Passaic, oh yeah a bit to Newark and Jersey City also. Send all the AC and Atlantic County employees to work in the projects in Paterson along I-80.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 30th, 2015 at 2:36:52 PM
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We will also except coffee, tobacco, cloth, or trinkets in lieu of cash.
January 30th, 2015 at 2:47:21 PM
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Delete, repeated.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 30th, 2015 at 2:47:25 PM
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In fact, please leave the Dunkin Doughnuts, I like to grab some on the way back to Phila., airport if I ever go back in the future. Thanks.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
January 30th, 2015 at 2:49:10 PM
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AC casino's will always have a tough time unless they hire people from outside or the region. People from other parts of the country have a low tolerance for poor customer service and the east coast attitude.
