April 17, 2015 |
ATLANTIC CITY - Gov. Christie ran a bit late from his Wednesday appearance in New Hampshire to cut the new store's ribbon, but that didn't discourage the massive crowd that wanted to be among the first to enter the new Bass Pro Shops Outpost, the latest element in this city's revitalization efforts. As Christie finally hit the stage 20 minutes late, at 6:20 p.m., he endured loud boos from Eagles fans because of his affinity for the Dallas Cowboys. To appease them, he called former Eagles running back Brian Westbrook - standing behind him onstage, along with Miss New Jersey 2014, the current Miss America, and NASCAR driver Tony Stewart - to come forward.
January 16, 2015 |
ATLANTIC CITY - Glenn Straub has yet to complete his acquisition of the former Revel Casino Hotel for $94.5 million, but Mayor Don Guardian said Wednesday that he likes what he hears from the Florida investor. "He wants to bring in new businesses, bring in new jobs, and pay taxes. Not too many people talk to me about those subjects these days," Guardian said after a panel discussion organized by the Urban Land Institute at the Atlantic City Convention Center. Beyond Straub's still-forming plans for Revel, panelists depicted a city that is bubbling with ideas, including, Guardian said, the possibility of an Atlantic City medical school under consideration by AtlantiCare, which is in the process of merging with Geisinger Health System.
October 22, 2014 |
A $253 million bond offering planned for this week by the New Jersey Casino Reinvestment Development Authority includes $60 million that will be paid to Pitney Bowes Inc. for a settlement linked to a renovation of Atlantic City's Boardwalk Hall that started in 1998. New Jersey and Pitney Bowes, of Stamford, Conn., formed a partnership in 2000 to take advantage of federal historic building rehabilitation tax credits in connection with the project at the Boardwalk complex that hosts the Miss America pageant.
September 12, 2014 |
ATLANTIC CITY - This is what unemployment looks like in a shrinking casino town. The line stretched from one end of the Atlantic City Convention Center to the other as more than 1,000 job seekers - many recently laid-off casino workers - waited to register for an opportunity to chat and drop off resumés with 53 regional employers Wednesday. Combined, the employers were offering 1,200 mostly non-gaming jobs - a dent in what will be needed for the mass casino layoffs that will have claimed more than 8,000 jobs this year after Trump Plaza closes next week.
September 9, 2014
NOT ONLY was Cierra Kaler-Jones born and raised in Galloway Township, N.J., but both of her parents work at Atlantic City casinos. Miss New Jersey did, too, for a summer, as a Total Rewards coordinator at Caesars. So, perhaps more than many contestants in this year's Miss America Pageant, Kaler-Jones is aware of what's behind all the glitz and glamour going on in A.C. right now: * Showboat Casino closed Aug. 31. * After two bankruptcies and just two years of operation, Revel shut down several days later.
September 5, 2014 |
ATLANTIC CITY - Onegdu Gomez was among the 850 newly out-of-work casino workers who came Wednesday morning to the opening of the Atlantic City Unite Here Center at the Atlantic City Convention Center. She left as pleased as she could be, given that she had lost her job three days ago. "They fixed everything," Gomez, who lives in Pleasantville, said of her experience signing up for unemployment benefits. She worked as a housekeeper at Showboat for eight years and said she intended to look for another job in the same field.
August 31, 2014 |
ATLANTIC CITY - As his city faced the first of casino layoffs expected to number in the thousands in the next few weeks, Mayor Don Guardian put the best spin he could Friday on the dire circumstances. "We've been down before, but we've always come back up," said Guardian, standing out among tourists in a beige suit, a blue shirt, and his signature bow tie. Just like a salesman hawking his wares - in this case, his city - Guardian took to the Boardwalk outside the Landshark Bar & Grill, part of the year-old Margaritaville dining and entertainment complex owned by Resorts.
August 30, 2014 |
ATLANTIC CITY - With gambling's decline, this financially ailing resort city is going after convention business big time. But there may be another wrinkle in its projected transformation into a nongaming mecca: room availability. The four casino closures this year - including the 801-room Atlantic Club, shut in January - will take about 4,400 hotel rooms out of the market, about a fourth of the city's inventory. Atlantic City will be left with 13,436 rooms by mid-September after Showboat (1,329 rooms)
August 30, 2014 |
With a wave of Atlantic City casino closings expected to put more than 6,000 people out of work, Gov. Christie announced Thursday that the state would join with union and business groups to open an employment resource center in the Shore resort. The Atlantic City Convention Center will play host to the facility, which opens at 9 a.m. Wednesday. It will be open from 9 a.m. to 5 p.m. Mondays through Fridays, according to Unite Here Local 54, which represents many casino workers. The state will deploy 35 staffers to the center, where workers from the soon-to-close Showboat, Revel, and Trump Plaza will be able to learn about programs and services available to them, including unemployment benefits.
August 19, 2014 |
ATLANTIC CITY - Revel's waning days stand in stark contrast to just over three years ago, when its chief executive at the time, Kevin DeSanctis, wowed everyone at the East Coast Gaming Congress with his vision. Four months before, in early February 2011, Revel had secured $1.15 billion in new financing to finish construction, which had been halted for more than a year by the recession and frozen lending. In April 2010, Morgan Stanley, Revel's original chief financial backer and operator, had decided to pull out of the project, taking a $932 million loss on it, rather than spending the $1 billion that finishing the casino would cost.