Atlantic City (the city) Almost Bankrupt
March 10th, 2016 at 2:28:57 AM
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they could run out of cash in a few weeks
http://www.nytimes.com/2016/03/10/nyregion/atlantic-city-could-default-in-weeks-ratings-agency-says.html?ref=business
http://www.nytimes.com/2016/03/10/nyregion/atlantic-city-could-default-in-weeks-ratings-agency-says.html?ref=business
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
March 10th, 2016 at 7:07:23 AM
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Quick, make blackjack even money and cut off 6/8 decks on the shoes; the counters must be winning... This will make us money!
Playing it correctly means you've already won.
March 27th, 2016 at 2:55:38 AM
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The city is facing a partial shutdown on April 8. Workers will be paid with IOUs.
http://www.nj.com/politics/index.ssf/2016/03/would_casinos_stay_open_during_atlantic_city_shutd.html
http://www.nj.com/politics/index.ssf/2016/03/would_casinos_stay_open_during_atlantic_city_shutd.html
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
March 27th, 2016 at 8:16:51 AM
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Good thing my meetings are on the 5th :/.
This really isn't that big of a surprise, unfortunately. As the article states, the loss of about half of the casino gaming revenue due to the casinos shutting down without injecting additional sources of tax revenue isn't something that can be ignored in hopes of it correcting itself.
The interesting question is what realistically can be done to fix this...
This really isn't that big of a surprise, unfortunately. As the article states, the loss of about half of the casino gaming revenue due to the casinos shutting down without injecting additional sources of tax revenue isn't something that can be ignored in hopes of it correcting itself.
The interesting question is what realistically can be done to fix this...
.
March 27th, 2016 at 10:06:47 AM
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Governor Christie,s expertise is in closing bridges, not bridge loans.
April 29th, 2016 at 12:16:33 PM
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Atlantic City is on the verge of joining Puerto Rico in default this weekend:
“Atlantic City has so little money left that it could miss a $1.8 million bond payment due Sunday, a step that would make it the first New Jersey municipality to default on debt since the Great Depression. . . .
“Its direct debt, meanwhile, soared to $240 million, larger on a per capita basis than either Detroit’s or Chicago’s, according to Merritt Research Services LLC, a municipal-bond data provider.” --The roles of Chris Christie and Boyd’s Borgata.
“Atlantic City has so little money left that it could miss a $1.8 million bond payment due Sunday, a step that would make it the first New Jersey municipality to default on debt since the Great Depression. . . .
“Its direct debt, meanwhile, soared to $240 million, larger on a per capita basis than either Detroit’s or Chicago’s, according to Merritt Research Services LLC, a municipal-bond data provider.” --The roles of Chris Christie and Boyd’s Borgata.
April 29th, 2016 at 1:58:27 PM
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Perhaps the city needs a new source of revenue. Like legalized gambling ?
April 29th, 2016 at 2:19:32 PM
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Gee, d'ya think that they could get an experienced tycoon to pick up those three or four abandoned casinos and operate them or are they all too busy running for president?Quote: ernestmiddlePerhaps the city needs a new source of revenue. Like legalized gambling ?
April 29th, 2016 at 2:59:54 PM
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Quote: SanchoPanzaGee, d'ya think that they could get an experienced tycoon to pick up those three or four abandoned casinos and operate them or are they all too busy running for president?
No tycoon would take them over, maybe not even if they could buy for $1. The bluehairs no longer need to leave PA, where 80% of the business always came from. The goose died of starvation.
All animals are equal, but some are more equal than others
April 30th, 2016 at 2:52:20 AM
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Have fond memories of A.C. Not just BJ. Other Stuff. Got some legendary lapdances (before I was married.) I'm not an expert but I think A.C. was a leader in developing the lapdance.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
May 2nd, 2016 at 8:49:14 AM
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Maybe if they change to EVEN MONEY blackjack shuffled EVERY hand then they could entice those players from PA back over??? I mean, I just hear that PA has state wide rules of Stand 17 and Surrender... Shouldn't take much to get them all coming back, right?
Playing it correctly means you've already won.
May 2nd, 2016 at 10:31:06 AM
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It's not just the Blackjack rules.
PA casinos are fresh, good looking modern facilities with free parking, better crowds and safer locations.
Three PA casinos are also closer to NYC than the AC casinos.
PA casinos are fresh, good looking modern facilities with free parking, better crowds and safer locations.
Three PA casinos are also closer to NYC than the AC casinos.
May 2nd, 2016 at 11:02:09 AM
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I gotta say one thing I love about western PA casinos are their poker seats. They are soft and comfy. I played at Bally's last year and the chairs reminded me of something I would sir on in a mechanics waiting area.
Expect the worst and you will never be disappointed.
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