lilredrooster
lilredrooster
Joined: May 8, 2015
  • Threads: 140
  • Posts: 1961
March 10th, 2016 at 2:28:57 AM permalink
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
90% 𝘰𝘧 𝘵𝘩𝘦 𝘨𝘢𝘮𝘦 𝘪𝘴 𝘩𝘢𝘭𝘧 𝘮𝘦𝘯𝘵𝘢𝘭
Romes
Romes
Joined: Jul 22, 2014
  • Threads: 26
  • Posts: 5303
March 10th, 2016 at 7:07:23 AM permalink
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.
lilredrooster
lilredrooster
Joined: May 8, 2015
  • Threads: 140
  • Posts: 1961
March 27th, 2016 at 2:55:38 AM permalink
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
90% 𝘰𝘧 𝘵𝘩𝘦 𝘨𝘢𝘮𝘦 𝘪𝘴 𝘩𝘢𝘭𝘧 𝘮𝘦𝘯𝘵𝘢𝘭
mrsuit31
mrsuit31
Joined: May 29, 2010
  • Threads: 77
  • Posts: 1207
March 27th, 2016 at 8:16:51 AM permalink
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...
.
gsiyhz
gsiyhz
Joined: Mar 27, 2016
  • Threads: 0
  • Posts: 5
March 27th, 2016 at 10:06:47 AM permalink
Governor Christie,s expertise is in closing bridges, not bridge loans.
SanchoPanza
SanchoPanza
Joined: May 10, 2010
  • Threads: 34
  • Posts: 3206
April 29th, 2016 at 12:16:33 PM permalink
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.
ernestmiddle
ernestmiddle
Joined: Apr 19, 2016
  • Threads: 2
  • Posts: 90
April 29th, 2016 at 1:58:27 PM permalink
Perhaps the city needs a new source of revenue. Like legalized gambling ?
SanchoPanza
SanchoPanza
Joined: May 10, 2010
  • Threads: 34
  • Posts: 3206
April 29th, 2016 at 2:19:32 PM permalink
Quote: ernestmiddle

Perhaps the city needs a new source of revenue. Like legalized gambling ?

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?
AZDuffman
AZDuffman
Joined: Nov 2, 2009
  • Threads: 216
  • Posts: 9790
April 29th, 2016 at 2:59:54 PM permalink
Quote: SanchoPanza

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?



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.
Tolerance is the virtue of believing in nothing
lilredrooster
lilredrooster
Joined: May 8, 2015
  • Threads: 140
  • Posts: 1961
April 30th, 2016 at 2:52:20 AM permalink
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.
90% 𝘰𝘧 𝘵𝘩𝘦 𝘨𝘢𝘮𝘦 𝘪𝘴 𝘩𝘢𝘭𝘧 𝘮𝘦𝘯𝘵𝘢𝘭

  • Jump to: