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25% of Atlantic City casinos gone -gambling becoming a thing of the past in NJ


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2014 Aug 12, 12:41am   32,605 views  64 comments

by darlag   ➕follow (1)   💰tip   ignore  

No buyers could qualify for the bankruptcy sale of Atlantic City’s newest luxury casino, the Revel. It will shutter its doors in September joining other once famous names like Trump Plaza and The Showboat.

http://www.globaldeflationnews.com/25-of-atlantic-citys-casinos-gone-gambling-fast-becoming-a-thing-of-the-past-in-nj-resort/

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1   Tenpoundbass   2014 Aug 12, 1:34am  

Atlantic city has been on Skid Row so many times, this has got to be the 3rd or 4th "Atlantic City is finished" story I've heard in whole life time.

2   Strategist   2014 Aug 12, 2:27am  

Call it Crazy says

CaptainShuddup says

Atlantic city has been on Skid Row so many times, this has got to be the 3rd or 4th "Atlantic City is finished" story I've heard in whole life time.

Atlantic City has always been a shithole. The money from the casinos never made it two blocks from the boardwalk to the ghetto neighborhoods. The only attraction was for the sheep in the general area to go there and lose their money.

Now, with gambling available in areas like PA and CT, Atlantic City doesn't get the traffic, so it's slowly rotting it's way back into the ocean.

They need to turn Atlantic City into a family/entertainment destination like Las Vegas. But who wants to bring their family to a ghetto. I don't even feel sorry for the local politicians who will lose out, nor for the casinos.

3   zzyzzx   2014 Aug 12, 2:28am  

Revel should have never been built. The money wasted on it should have been used to remove tolls on the AC expressway. AC needs sports betting, legalized pot, and legalized prostitution.

ShowBoat and Trump Plaza (if and indoor extension is added to connect to Caesars) will do just fine as hotels without casinos.

Sure gambling revenues are down in AC, but people are still going and staying in hotel rooms and eating. Shopping is overbuilt there (but is everywhere else too).

4   zzyzzx   2014 Aug 12, 2:28am  

It's all Obama's fault!!!

5   zzyzzx   2014 Aug 12, 2:29am  

Strategist says

But who wants to bring their family to a ghetto

IMO, part of the appeal to Atlantic City is the lack of annoying kids there.

6   zzyzzx   2014 Dec 14, 11:29am  

http://finance.yahoo.com/news/jersey-college-buys-atlantic-city-showboat-casino-dormitory-025356058--finance.html

New Jersey college buys Atlantic City casino for dorm, branch campus

One of the three towers will remain a hotel holding some 479 rooms opening sometime in the spring of 2015. I assume Bourbon Tower

The college said dorm rooms could be used as hotel rooms during summer months, when demand is high and most students are away from campus.

Appropriate considering what a gamble getting a college degree is in today's economy.

nice. access to meet more HOT coeds CHICKS when i go to A.C

7   darlag   2014 Dec 14, 11:33am  

zzyzzx says

New Jersey college buys Atlantic City casino for dorm, branch campus

One of the three towers will remain a hotel holding some 479 rooms opening sometime in the spring of 2015. I assume Bourbon Tower

The college said dorm rooms could be used as hotel rooms during summer months, when demand is high and most students are away from campus.

Appropriate considering what a gamble getting a college degree is in today's economy.

Interesting!

8   zzyzzx   2014 Dec 14, 11:38am  

I will most likely stay at Bally's or the Trop just the same. Closing casinos hasn't seemed to affected off season rates (when I go) anyway. Never stayed at any of the closed ones except ShowBoat. This article does remind me to stop by the Taj before it closes.

9   Strategist   2014 Dec 14, 1:35pm  

Call it Crazy says

zzyzzx says

Sure gambling revenues are down in AC, but people are still going and staying in hotel rooms and eating.

But it's the gambling revenues that keeps the hotels going. Giving away FREE rooms and comps for food doesn't make them money.

They say Atlantic City cannot compete with all the Indian Casinos popping up. There are Indian Casinos popping up in so. Cal. and other areas too where Las Vegas gets its gamblers. So why is Las Vegas thriving, but Atlantic City shutting down?
My guess, Atlantic City is for gamblers only. While Las Vegas is attracting non gamblers too. Visitors are willing to bring their families to see shows, expensive buffets, and tourist sites, besides gambling. Atlantic City does not have anything but gambling because its a high crime city run by dumb politicians.

10   bob2356   2014 Dec 14, 9:24pm  

Strategist says

Atlantic City is for gamblers only. While Las Vegas is attracting non gamblers too.

AC is a shithole. Very, very little of the casino revenue went into the city. I worked on the steel pier renovation in 75/76 before resorts opened. The entire city was a ghetto. We pretty much had to bring everything, including our vehicles, inside the pier and keep them in sight while we worked. Now there are the casino's and the rest of the city is still a ghetto. No one spends a dime outside of the casino's.

11   Rin   2014 Dec 14, 9:34pm  

Ppl, the tribal Mohegan Sun and Foxwoods in CT are full fledged entertainment venues with gaming, food, drinking, sporting events, shows, clubs, etc. And they're both safe 'burbs so after getting drunk, one doesn't have to worry about getting mugged off some boardwalk. How can AC, without being a safe nice beach town w/ legalized prostitution, compete against that? Everyone knows that AC is a slum and for well over a generation, no one did anything about it.

12   zzyzzx   2014 Dec 14, 10:37pm  

bob2356 says

No one spends a dime outside of the casino's.

People do go to the shopping district and White House Subs.

13   bob2356   2014 Dec 14, 10:39pm  

zzyzzx says

bob2356 says

No one spends a dime outside of the casino's.

People do go to the shopping district and White House Subs.

They did, but both of them got mugged so they stopped.

14   zzyzzx   2014 Dec 14, 10:42pm  

Strategist says

Atlantic City is for gamblers only.

As long as you are going to ignore the beach, boardwalk, bars, cats, and nightlife, I guess so!

I'm not disputing that the immediate surrounding area is filled with filthy black people, that are basically feral, I just don't understand why that matters since they don't go to the tourist areas.

15   Strategist   2014 Dec 15, 1:46am  

zzyzzx says

I'm not disputing that the immediate surrounding area is filled with filthy black people, that are basically feral, I just don't understand why that matters since they don't go to the tourist areas.

AC has been a failure. You would think its beach front location, proximity to NY City and the millions of foreign tourists that can be tapped would have been a recipe for success. They could have added lots of shopping outlets, family entertainment, cruise ship destination and what not. But they screwed up because of the very very dumb politicians who failed to control the crime there. No one in their right minds would want to visit high crime neighborhoods.

16   Strategist   2014 Dec 15, 1:56am  

bob2356 says

Strategist says

Atlantic City is for gamblers only. While Las Vegas is attracting non gamblers too.

AC is a shithole. Very, very little of the casino revenue went into the city. I worked on the steel pier renovation in 75/76 before resorts opened. The entire city was a ghetto. We pretty much had to bring everything, including our vehicles, inside the pier and keep them in sight while we worked. Now there are the casino's and the rest of the city is still a ghetto. No one spends a dime outside of the casino's.

Where did all the gambling taxes go? If AC is the same dump it always was, what did the local politicians do with all the money? I'm willing to bet they are as corrupt as Illinois politicians.

17   Peter P   2014 Dec 15, 1:59am  

Las Vegas is the triumph of Postmodernism.

18   Peter P   2014 Dec 15, 2:06am  

There are really only TWO successful casino cities (gambling comes before all else) in the world: Las Vegas and Macau.

19   Strategist   2014 Dec 15, 2:23am  

Peter P says

There are really only TWO successful casino cities (gambling comes before all else) in the world: Las Vegas and Macau.

Monaco is up there too.

20   Peter P   2014 Dec 15, 2:33am  

Strategist says

Peter P says

There are really only TWO successful casino cities (gambling comes before all else) in the world: Las Vegas and Macau.

Monaco is up there too.

It is not a casino city. More like a city-state with casinos. Being low tax and all, it makes money from people and companies residing there. More like a seaside Liechtenstein with good weather.

Singapore is another successful city with big casinos. But it is not a casino city. Take away the casinos it will do just fine.

21   Rin   2014 Dec 15, 3:51am  

Peter P says

Singapore is another successful city with big casinos. But it is not a casino city. Take away the casinos it will do just fine.

And don't forget, seeing esc*rts in Singapore is legal and thus, it's a great place for an ex-pat :-)!

22   Peter P   2014 Dec 15, 3:56am  

How is the food in Singapore? I am hearing conflicting accounts.

23   Rin   2014 Dec 15, 4:03am  

Peter P says

How is the food in Singapore? I am hearing conflicting accounts.

I'd say the Malay/Indonesian stuff is the best, then followed by mainstream Chinese, and finally South Indian.

As for western stuff, it's kinda ordinary. But why would anyone go there to have a burger or a NY Sirloin anyways?

On the other note, a program manager took my team out to a Beijing/Peking duck place and it blew away everything that I'd had in New England and New York. So it's a spectrum of quality.

24   Peter P   2014 Dec 15, 4:06am  

All reasonable societies have legalized prostitution.

25   NDrLoR   2014 Dec 15, 4:10am  

Peter P says

How is the food in Singapore

How about the chicken fried steak or BBQ?

26   Rin   2014 Dec 15, 4:12am  

P N Dr Lo R says

chicken fried steak o

No clue

P N Dr Lo R says

BBQ

Korean or Mongolian [ really Taiwanese ] BBQ, yes, American Southern stuff nope.

27   Peter P   2014 Dec 15, 4:18am  

P N Dr Lo R says

Peter P says

How is the food in Singapore

How about the chicken fried steak or BBQ?

I think they are known for a poached chicken dish.

Chicken fried steak has no chicken! But I do crave some occasionally.

Some people get a rush from dangerous activities, like jumping out of an airplane. I rather eat unhealthy food.

28   Peter P   2014 Dec 15, 4:19am  

Rin says

Korean or Mongolian [ really Taiwanese ] BBQ, yes, American Southern stuff nope.

I wonder what Kublai Khan has to say about that.

29   Rin   2014 Dec 15, 4:23am  

Peter P says

Rin says

Korean or Mongolian [ really Taiwanese ] BBQ, yes, American Southern stuff nope.

I wonder what Kublai Khan has to say about that.

I think true Mongolian BBQ would be some dried meat on some skewers, very gritty and basic, not a fancy Benihana stir fry.

I remember seeing those skewers in mainland China outside of Beijing some years back.

30   Peter P   2014 Dec 15, 4:25am  

Benihana is Teppanyaki though. It is supposedly Japanese but it was heavily influenced by western cooking.

31   Peter P   2014 Dec 15, 4:26am  

Rin says

I remember seeing those skewers in mainland China outside of Beijing some years back.

Yep. They have it in the Bay Area. Covered in cumin.

32   Rin   2014 Dec 15, 4:30am  

Peter P says

Benihana is Teppanyaki though. It is supposedly Japanese but it was heavily influenced by western cooking.

Benihanna in the sense that it's a big flat grill with a lot of fixings. That's Taiwanese "Mongolian" BBQ.

https://en.wikipedia.org/wiki/Mongolian_barbecue

33   Peter P   2014 Dec 15, 4:39am  

I am hungry.

34   zzyzzx   2014 Dec 15, 7:56am  

Rin says

so after getting drunk, one doesn't have to worry about getting mugged off some boardwalk.

I've never worried about getting mugged on the back from the bar back to my hotel room. They are in the same building!

35   zzyzzx   2014 Dec 15, 7:57am  

Strategist says

what did the local politicians do with all the money?

The money largely left the locality.

36   zzyzzx   2014 Dec 15, 9:16am  

Looks like the Golden Nugget is the biggest winner here.

http://www.foxbusiness.com/markets/2014/12/12/atlantic-city-casino-win-down-103-percent-last-month-but-revenue-up-for-current/

By far the biggest gainer was the Golden Nugget, whose overall November revenue was up more than 78 percent compared to a year ago, to $17.8 million. The Tropicana was up 24.5 percent to $23.1 million.

The Borgata and Golden Nugget each have added about 250 more workers than they had a year ago, and the Tropicana has 120 more.

37   Strategist   2014 Dec 15, 10:15am  

APOCALYPSEFUCKisShostikovitch says

Mike stopped to entreaty the ladies that his love was true. I got out and slapped my dick off of the fender and shouted, "FUCKING WHOREFUCKS! Who WANTS IT? You got $100, you can blow ME!" The biggest one came over and stuffed a 100 dollar bill in my pants waist and started pulling on my dick. I barphed. She didn't miss a stroke. The cops showed up just as she knelt and I started fucking her face. I almost got soft when I saw the lights surrounding us. So I started bucking harder. She grunted in complaint when I got into her throat but was clearly into it, the insanity of sucking off a guy covered in barph in the pouring rain.

This is what America is all about.

Wow. You're having a lot of fun. Next time take me with you.

38   Strategist   2014 Dec 15, 11:43am  

sbh says

Strategist says

Wow. You're having a lot of fun. Next time take me with you.

What happened to your delicate nature regarding vulgarity?

Strategist says

Nevertheless, my condemnation of gutter language applies to all. It's a turn off no matter who says it.

You really believed that crap?

39   anonymous   2014 Dec 15, 9:34pm  

I was just in Atlantic city two weeks ago. They closed down a few shit holes, and the joints that remain soaked up their business

Looked and smelled like the same old Atlantic city to me

40   zzyzzx   2014 Dec 16, 2:53am  

Strategist says

They could have added lots of shopping outlets, family entertainment, cruise ship destination and what not.

They are getting the cruise ship and already have shopping and entertainment.

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