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Atlantic City Hilton

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BUSINESS
April 20, 2007 | By Suzette Parmley INQUIRER STAFF WRITER
Atlantic City's smallest casino wants to expand into the big time and has plans to more than double its size. Tony Rodio, president of the Atlantic City Hilton and Resorts casinos, said last night that the Hilton might soon undergo a $1-billion-plus expansion to add a 1,000-room hotel tower, 60,000 square feet of gambling floor space, shops, restaurants, and a 3,500-seat multipurpose room that will be used as a ballroom, convention and meeting space,...
NEWS
September 22, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
The real estate market may be cooling nationwide, but prospective casino developers keep spending hundreds of millions of dollars to buy property here. The latest investor group poised to add a casino here has agreed to buy 11 acres from the Atlantic City Hilton Casino Resort for $85 million. It is a group headed by Wallace R. Barr, the former chief executive officer of Caesars Entertainment Inc., and Curtis Bashaw, former executive director of the New Jersey Casino Reinvestment Development Authority.
ENTERTAINMENT
June 18, 2010
THE NAMES stick out on the Atlantic City Hilton's summer headliner roster like a punk-rock band at an Amish barn-raising: Former President Clinton , ex-Vice President Cheney , Fox News firebrands Bill O'Reilly and Glenn Beck and professional political pontificators Ann Coulter and James Carville. It may seem odd to see such individuals listed on the Hilton Web site alongside the likes of Meat Loaf , Cheech & Chong and Weird Al Yankovic , but in the brave new world of AyCee casinos - one in which the box office is a more reliable profit center than the blackjack pit - these out-of-the-box bookings speak volumes about where the gambling mecca is today and where it will be tomorrow.
BUSINESS
December 9, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
Pinnacle Entertainment Inc., of Las Vegas, is in talks to acquire Resorts Atlantic City or the Atlantic City Hilton Casino Resort, according to two people familiar with the negotiations. Both casinos are owned by Colony Capital L.L.C., of Los Angeles. "We don't comment on rumor or speculation," Pauline Yoshihashi, a spokeswoman for Pinnacle, said last night. "If Colony had their choice, they would probably sell Resorts," said one of the people familiar with the talks.
NEWS
June 5, 2016 | By Jonathan Lai, Staff Writer
Atlantic City's shuttered Showboat casino-hotel will reopen next month as a hotel only, Philadelphia developer Bart Blatstein announced Friday. With 852 rooms, it will be the largest non-casino hotel in New Jersey, Blatstein's Tower Investments said in a news release. "There's a lot more coming," Blatstein said Friday. "This is the start of a much greater plan. " Showboat, along with the Atlantic City Hilton, Revel, and Trump Plaza, closed in 2014 amid fierce gambling competition on the East Coast, which squeezed Atlantic City's only real industry.
BUSINESS
January 6, 2016 | By Jacob Adelman, STAFF WRITER
The defunct Atlantic Club casino hotel is back on the market after an affiliate of Ambler-based Endeavor Property Group failed to get enough financial backing for its plan to redevelop the property with a water park and other attractions, owner TJM Properties said. Endeavor AC LLC "was not able to generate the additional deposit funds needed" for its plan, which also included conference and event facilities and new restaurants and shops, TJM of Clearwater, Fla., said in a release on Monday.
BUSINESS
July 14, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
The beef brisket and tendon lunch special at the Atlantic City Hilton casino here is prepared in such a way that reminds Lorna Chen of her native China. So much so that the real estate broker from Fort Lee, N.J., keeps coming back to the small casino and its Chinese noodle bar. "It's the only place that knows how to make it," Chen said recently, as she was finishing her favorite dish before participating in a Texas Hold 'Em Tournament just a few feet away in the new poker room.
BUSINESS
June 10, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
Atlantic City's 12 casinos reported $432.5 million in revenue last month, a 2.9 percent increase from the previous year. Total revenue for the first five months of the year was up 5.9 percent, or $2.1 billion from $1.99 billion. Three casinos reported double-digit revenue gains for the month, led by the Atlantic City Hilton with a 10.8 percent increase. Caesars registered a 10.1 percent rise, and Bally's, 10 percent, according to figures released yesterday by the New Jersey Casino Control Commission.
BUSINESS
April 25, 2007 | By Suzette Parmley INQUIRER STAFF WRITER
Size matters in this seaside gambling mecca. With at least four $1 billion gambling behemoths to be built in the next five years, the resort's smallest casino - the Atlantic City Hilton - has plans for a $1 billion expansion to more than double its size so it can compete in a market that has taken on a much larger scale. "It will be a Borgata-like property," said Tony Rodio, president of the Atlantic City Hilton and Resorts casinos, referring to the golden-hued, Las Vegas-style mega-facility that redefined Atlantic City and became its top-grossing casino.
BUSINESS
February 13, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
Unseasonably warm weather last month brought out the gamblers, giving Atlantic City its best January ever. The 12 casinos here generated $406.3 million in total revenue - a nearly 12 percent jump over the same month a year ago. The city's gambling industry was led by the Borgata Casino Hotel & Spa, which took in $59.5 million. Customers such as Jerry Artega, of Sellersville, Bucks County, said the expansions by the casinos, including new nightclubs and concert halls, have helped convince him to keep returning.
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NEWS
June 5, 2016 | By Jonathan Lai, Staff Writer
Atlantic City's shuttered Showboat casino-hotel will reopen next month as a hotel only, Philadelphia developer Bart Blatstein announced Friday. With 852 rooms, it will be the largest non-casino hotel in New Jersey, Blatstein's Tower Investments said in a news release. "There's a lot more coming," Blatstein said Friday. "This is the start of a much greater plan. " Showboat, along with the Atlantic City Hilton, Revel, and Trump Plaza, closed in 2014 amid fierce gambling competition on the East Coast, which squeezed Atlantic City's only real industry.
BUSINESS
January 6, 2016 | By Jacob Adelman, STAFF WRITER
The defunct Atlantic Club casino hotel is back on the market after an affiliate of Ambler-based Endeavor Property Group failed to get enough financial backing for its plan to redevelop the property with a water park and other attractions, owner TJM Properties said. Endeavor AC LLC "was not able to generate the additional deposit funds needed" for its plan, which also included conference and event facilities and new restaurants and shops, TJM of Clearwater, Fla., said in a release on Monday.
NEWS
September 14, 2012 | By Suzette Parmley, Inquirer Staff Writer
In what could be the first sign of a ripple effect from the financial condition of the new and expensive Revel Casino, Hard Rock International said Wednesday that it was ending plans to construct a $300 million casino-hotel in Atlantic City. Those close to the project acknowledged that Revel's dismal performance in its first five months - the $2.4 billion casino is generating only about half of what it needs to stay solvent - would deter banks from providing the financing needed to get the Hard Rock, or any other casino, built in Atlantic City.
NEWS
August 22, 2012 | By Suzette Parmley, Inquirer Staff Writer
Revel casino, which is badly in the red just 4 1/2 months after opening, is asking its lenders for up to $100 million to make it through this year and 2013. The $2.4 billion Las Vegas-style gambling palace, heralded as "Atlantic City's future" by many - including Gov. Christie, who directed more than $300 million in state assistance toward getting it built - said Monday that it had entered into discussions and expected to receive $70 million in additional financial commitments. Wall Street gaming analysts say Revel needs the money to avoid defaulting on its loans.
NEWS
January 16, 2012 | By Wayne Parry, Associated Press
ATLANTIC CITY - You know that all-in moment, when you push most of your pile of chips out onto the table and wait to see where the little white ball lands to know whether you're a winner or a big loser? The year 2012 is looking a lot like that for Atlantic City. Pummeled by a half-decade losing streak brought on by unrelenting competition from casinos in neighboring states and worsened by the sluggish economy, the resort has been anxious for 2012 and the $2.4 billion Revel casino-hotel that is expected to bring in new gamblers and new money.
NEWS
November 17, 2011
ACH Casino, formerly the Atlantic City Hilton on the Boardwalk, announced Thursday it was laying off 150 workers one day after a rescue financing plan to keep it afloat was approved by the New Jersey Casino Control Commission. The casino's chief operating officer, Michael Frawley, said the cuts were made across all departments, including management and among its 1,900 rank-and-file workers. On Wednesday, state regulators approved a plan to pump about $24.3 million into the casino to keep it open for at least another year.
NEWS
October 13, 2011 | By Wayne Parry, ASSOCIATED PRESS
ATLANTIC CITY, N.J. - As the mother of a famous college basketball player, Liza Cartmell traveled the country going to ever-bigger games as the NCAA championship drew near. In those towns, when a Sweet 16, an Elite 8 or a Final Four game was being played, "It felt like every night was New Year's Eve," said Cartmell, whose son, Brian Zoubek, was a member of Duke's 2010 championship team. "We need to create that atmosphere here," said Cartmell, who will try to do just that in her new role as Atlantic City's booster-in-chief.
BUSINESS
June 23, 2011 | By Suzette Parmley, Inquirer Staff Writer
Hard Rock International has moved one step closer toward building its proposed $275 million casino hotel on the Atlantic City Boardwalk. New Jersey's first boutique casino will be built in two phases: It will open as a 54,800-square-foot gaming hall with a 208-room hotel and 2,400-space garage, then eventually add 27,500 square feet, 642 rooms, and 600 parking spaces. That's according to documents contained within a 4-inch-thick binder, accompanied by a 5-inch-thick collection of renderings, submitted late Friday by AC Gateway L.L.C.
ENTERTAINMENT
May 27, 2011 | By CHUCK DARROW, darrowc@phillynews.com 215-313-3134
It's hard to tell whether the problem is a lack of financial resources on the part of Atlantic City's 11 casinos, a dearth of available A-level talent or, perhaps more likely, a combination of the two. Whatever the reason, there's no denying AyCee's summer entertainment lineup, while certainly boasting plenty of big names, doesn't quite have the star power we've seen in previous years. As it currently stands, between now and Labor Day, there are but a handful of sizzling, au courant attractions booked in Atlantic City, and three of the gigs aren't even casino-sponsored.
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