Next Atlantic City Casino to Close/Change Management

Quote: Boz

Colony Capital. It is the old AC Hilton and lost its brand like the LVH in Vegas owned by the same people. It was the Golden Nugget that was Steve Wynn first try in AC many years ago.

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.

Quote: Wizard

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.

It's only about a 30 minute or so walk from the AC Club to Revel at a normal to brisk pace.

We've all heard the song "Under the Boardwalk" by the Drifters. Who thinks it was written about Atlantic City?

Quote: Wizard

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.

That must be the one, its 4 or 5 blocks farther south than the Tropicanna which is the other casino on the south end of the boardwalk. So no it's not worth making a special trip for. But at this point it's the best option for low rollers in AC.

Next you will be trying to tell me the streets in Monopoly are named after AC streets. I must look gullible.

Quote: Wizard

Thanks. The was the one at the far sound end of the Boardwalk, right? Kind of like the Stratosphere of AC, too far far removed from the other casinos to bother walking to.

Being far removed was supposed to be exclusive when Steve Wynn opened in 1980. From 1983-1986 it was the top ranked of the casinos in AC.

1983 revenue
$262,811 Golden Nugget
$252,472 Resorts
$230,814 Bally's PP
$213,592 Caesars
$201,480 Harrah's Marina
$199,130 Tropicana
$156,424 Sands
$144,015 Playboy
$110,205 Claridge

When Trump sold the resort in 1987 to Bally's (who renamed it Bally's Grand) it immediately went from 1st to 5th place the first year.

It wasn't until 1991 that the "million dollars a day" barrier was broken in AC by Trump Taj Mahal. By 1991 "Bally's Grand" was now the 2nd from the bottom, (only Claridge's was lower) a sad slip in only 5 years.

i owned two properties in atlantic city, one directly to the right of the atlantic club and one directly to the left, they were identical condos , formerly a motel, purchased them both for 17500 each. sold one to wynn for 175k in the peek of the nugget, he was negotioting to buy the other side when he sold the nugget, long story short the one on the right side 25 years later worth about what I paid for it, location is everything

Atlantic Club is fun with its low limits and not a far walk.
It is only five minutes to Tropicana and maybe ten more to Trump Plaza
which is right next to Caesars and Ballys.
I will be in AC next tuesday and wednesday
for anyone who wants to chill out playing tiles or craps.

Just thought I'd mention that Caesar's Saturday/Sunday buffet with snow crab is now up to $38 (from $30 in late September). It's very good and I'll continue buying it, but if you don't eat at least a few pounds of snow crab it's a HUGE waste.

Yea, a lot of AC buffets are doing seafood "specials" and jacking up the price for it.

Golden Nugget(ex-Trump Marina) has a weekend Seafood buffet for 26.99, but the only difference from that and the reg. buffet(20.99) is Steamed crab legs and some fried shrimp.

Not worth the extra dough out of pocket, but lucky me, I get Buy 1 get 1 and 2 free buffets a week!

Pokerstars in talks to buy Atlantic Club

http://online.wsj.com/article/SB10001424127887324001104578163792702170834.html?mod=googlenews_wsj