March 25, 2015 |
Gov. Christie may not make an announcement on running for president until early summer, he said Monday on a radio show, during which he also forecast a tough solution for reviving Atlantic City. Christie said on NJ101.5's Ask the Governor that he would announce whether he would run by "late spring or early summer. " Earlier Monday, Texas Republican Sen. Ted Cruz announced that he would run in 2016, becoming the first major candidate to officially enter the race. Christie said it was "very early" in the race, and dismissed any notion that he would have trouble netting commitments from donors if he waited to declare his intentions.
March 24, 2015 |
ATLANTIC CITY - A tourism-driven economy like Atlantic City's that averages 25 million visitors a year has no choice but to sell itself to the world. But after a year of upheaval, to help save itself and stay solvent, the city is willing to part with its main marketing vehicle, the Atlantic City Alliance and its $30 million annual budget that made the ad slogan DO AC famous. The multiyear, multimillion-dollar advertising campaign was a luxury the city never had before 2012. By comparison, the Las Vegas Convention and Visitors Authority has an annual advertising budget three times that ($94.1 million)
March 23, 2015 |
ATLANTIC CITY - Al Callejas had a quick explanation for how he was able to top a field of 750 competitors in Borgata's free-throw contest Saturday. "I'm a coach's son. I've had a ball in my hands since I was 3 years old," Callejas, 37, of Archbald, Pa., said after winning the grand prize of $10,220 with his score of 16 in the final round - the first-grade teacher's own bit of March Madness. Answering the question of whether the tournament was a winner for Borgata would take longer, because it depended on how many of the participants and their friends spent money gambling, eating out, or staying at the hotel.
March 20, 2015 |
What to do, now that the neighbors in New York, Maryland, and Ohio have casinos, too, and Pennsylvania's tax revenue from gambling has slipped from $1.40 billion in fiscal 2012 to $1.38 billion in 2013 and $1.32 billion in 2014? State Rep. John Payne (R., Dauphin) said he and Rep. Nick Kotik (D., Allegheny), senior members of the House Gaming Oversight Committee , want to add Internet and sports-betting programs that match the ones developing in New Jersey, Delaware, and other nearby states.
March 20, 2015 |
Buoyed by its successful first year and a half, High Street on Market - the casual sibling of Fork in Old City - plans to open a second location in late summer or early fall in Lower Manhattan. Ellen Yin and chef Eli Kulp have signed a deal at the corner of Hudson and Horatio Streets in the West Village. The concept - ingredient-driven American foods and baked goods served from breakfast through dinner in a cozy cafe setting - will remain. This location is a third larger than the original at 308 Market St. Que pasa The Garces Group is slinging Mexican food in a Baja beach scene at Buena Onda (1901 Callowhill St., 215-302-3530)
March 16, 2015 |
ATLANTIC CITY - We're all about the page views these days, so this story probably should say that MARCUS MARIOTA DID NOT DENY HE REMAINS IN CONTACT WITH CHIP KELLY when Mariota appeared at the Maxwell Awards news conference yesterday. Even more shocking, when asked, MARIOTA CONFIRMED THAT IT REMAINS THEORETICALLY POSSIBLE THE EAGLES WILL STILL ATTEMPT TO ACQUIRE HIM! Furthermore, the Daily News has learned that the large body of water located on the other side of the boardwalk from the Tropicana Hotel and Casino WOULD SEEM TO BE THE ATLANTIC OCEAN.
March 15, 2015 |
The bankruptcy case of Atlantic City's Revel Casino Hotel hit another pothole Friday when U.S. Bankruptcy Judge Gloria M. Burns declined to approve the sale of Revel to Florida developer Glenn Straub for $82 million. Burns said from a Camden courtroom that it was not within her jurisdiction to approve the amended sale order because her January order approving the sale to Straub for $95.4 million was under appeal. Burns said she saw two possibilities for the Revel, built for $2.4 billion, which closed in September.
March 10, 2015 |
ATLANTIC CITY - A measure aimed at stabilizing this city's taxes has stalled in the Statehouse, just three weeks before a deadline for the casinos to challenge their assessed value in a shrinking gaming market, leaving embattled Atlantic City Mayor Don Guardian caught between two of the state's most powerful politicians. Gov. Christie and Senate President Stephen Sweeney (D., Gloucester) are at odds over the fate of an Atlantic City tax relief plan, formally known as the Casino Property Taxation Stabilization Act, that Sweeney sponsored.
March 9, 2015 |
When Delran High School senior Marcus Miraglia arrived in Atlantic City on Friday night, he wasn't sure about his chance of winning a wrestling state title. "I still had some doubts," Miraglia said. By Saturday afternoon, Miraglia was starting to think it was possible. "I got a pin in my first match and then I beat a really good kid and I was like, 'I might be able to do this,' " Miraglia said. And with 15 seconds left in his 145-pound semifinal bout on Saturday night, Miraglia was positive about his championship prospects.
March 5, 2015 |
Tropicana Casino & Resort Atlantic City reported a 24 percent gain in net revenue last year, to $303.08 million from $244.47 million the year before, thanks largely to $55.2 million increase in gambling revenues. But operating profits barely budged, excluding a $31.7 million property tax refund from Atlantic City in January 2014, to $12.4 million in 2014 from $11.19 million the year before, according to Tropicana Entertainment Inc.'s annual report to investors. Tropicana is part of investor Carl Icahn's gambling empire, which also includes casinos in Indiana, Missouri, Nevada, Louisiana, Mississippi, and Aruba.