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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   32,906 views  64 comments

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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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41   anonymous   2014 Dec 16, 3:02am  

Atlantic city is suffering for one reason, and one reason only

Because Pennsylvania decided to cater to the millions of degenerates that enjoy losing their money to the slots. Much more convenient to feed the addiction closer to home, the ride home full of disgust is much shorter

42   dublin hillz   2014 Dec 16, 3:21am  

APOCALYPSEFUCKisShostikovitch says

This is what America is all about.


I started howling and bucking straight into the whore's throat. The cops
pulled their guns and ordered me and the whore to stand down. "SHOOT! SHOOT!
SHOOT!, ASSHOLES!!!!," I howled. Mike pulled out his duty card and raised it
over the roof as I blew my wad into the whore's throat and I pounded the roof
and drove it into the car carbin. The warm rain and blood poured down my ass and
legs. The whore's finger nails tore my flesh in the heat of the moment.


I got back in Mike's shitbox Mustang as shots rang out and the Atlantic City
cops shot the whore and threw her lifeless body over the cop car trunk ass up
and raped her corpse. Local cops reported in the AP Press the next day that a
terrorist laundering money for Al Qaeda was killed in a shoot out with them.

It's true talent like this that keeps me subscribing to showtime/tmc!

43   Strategist   2014 Dec 16, 6:18am  

zzyzzx says

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.

IF I was on that cruise ship, I would not bother getting off.
A few boring casinos. The ship has a better casino with free food.
An Ocean. More ocean when the ship sails.
Crime. No thanks, my ass stays on the ship.

44   Peter P   2014 Dec 16, 6:21am  

Cruise ship casinos are always tiny.

In a real casino I can get free cocktails just by playing the penny slot.

45   Strategist   2014 Dec 16, 6:30am  

Peter P says

Cruise ship casinos are always tiny.

In a real casino I can get free cocktails just by playing the penny slot.

Every time I get a free Heineken playing Blackjack, I give a dollar tip. Heineken costs $0.90 at Costco.

46   zzyzzx   2014 Dec 16, 7:28am  

Strategist says

IF I was on that cruise ship, I would not bother getting off.

A few boring casinos.

The cruise ships would dock in the Marina District. home of Borgata, Harrah's, and Golden Nuggets. It's supposed to be a nice part of town with the best casinos.

47   Strategic Renter   2014 Dec 16, 7:31am  

I can't see cruise ships wanting to put potential gamblers off the ship into land based casino's.

48   Peter P   2014 Dec 16, 7:35am  

Strategic Renter says

I can't see cruise ships wanting to put potential gamblers off the ship into land based casino's.

Ship casinos only operate in international water. May as well let the people flare up their gambling spirit while docked. :-)

49   Strategist   2014 Dec 16, 7:39am  

Peter P says

Strategic Renter says

I can't see cruise ships wanting to put potential gamblers off the ship into land based casino's.

Ship casinos only operate in international water. May as well let the people flare up their gambling spirit while docked. :-)

When they lose, they will try and recover their losses on the ship, and lose even more.

50   Peter P   2014 Dec 16, 7:40am  

Strategist says

When they lose, they will try and recover their losses on the ship, and lose even more.

I love gamblers. I love losers. They subsidize my trips to Las Vegas. :-)

51   Peter P   2014 Dec 16, 7:46am  

BTW, cruise ship is by far the best way to travel. It shows how good things can be when the labor market is unregulated.

The crew is happy. They get to live and travel the world for free.

The passengers are happy. They get excellent service for a low, low fare.

Young people should definitely consider working on a cruise ship, although the smarter ones may opt for employment aboard a large yacht. More pay. More play.

52   Strategist   2014 Dec 16, 7:47am  

Peter P says

Strategist says

When they lose, they will try and recover their losses on the ship, and lose even more.

I love gamblers. I love losers. They subsidize my trips to Las Vegas. :-)

I'm going on Thursday, coming back Sunday. 3 nights, weekend...$490.00 at the Paris Hotel and Casino, including two 24hour buffet passes. Taxes and junk also included.
I'll bet $50.00 or something on sports games. I'm also taking Heineken beer with me, so I don't have to pay $7.00 a bottle there. I'm such an asshole. :)

53   Peter P   2014 Dec 16, 7:50am  

Strategist says

I'm going on Thursday, coming back Sunday. 3 nights, weekend...$490.00 at the Paris Hotel and Casino, including two 24hour buffet passes.

And you don't even have to fly there! So jealous.

In Vegas, they still give you free plastic bags when you shop. Unlike a certain people's republic state. :-(

54   Peter P   2014 Dec 16, 7:54am  

In vegas, my daily exercise routine is walking from Mandalay Bay to Wynn. Mostly indoors.

55   Strategist   2014 Dec 16, 7:55am  

Peter P says

Strategist says

I'm going on Thursday, coming back Sunday. 3 nights, weekend...$490.00 at the Paris Hotel and Casino, including two 24hour buffet passes.

And you don't even have to fly there!

I'm taking the Prius. 12 gallons round trip. $30.00 total gas.
The Saudis hate me.
Russia hates me.
Oil companies hate me.
Vegas hates me.
ha ha ha. I love it.

56   zzyzzx   2014 Dec 16, 12:15pm  

Strategist says

I'm also taking Heineken beer with me, so I don't have to pay $7.00 a bottle there. I'm such an asshole. :)

Bally's just raised the price of beer at the Jim Beam bar from $2 to $3, but still where are you going that they actually charge $7 for a beer?

57   zzyzzx   2014 Dec 16, 12:16pm  

Peter P says

In vegas, my daily exercise routine is walking from Mandalay Bay to Wynn. Mostly indoors.

In AC I just walk up and down the boardwalk, from the Trop to Revel.

58   Strategist   2014 Dec 16, 1:09pm  

zzyzzx says

Strategist says

I'm also taking Heineken beer with me, so I don't have to pay $7.00 a bottle there. I'm such an asshole. :)

Bally's just raised the price of beer at the Jim Beam bar from $2 to $3, but still where are you going that they actually charge $7 for a beer?

MGM, NYNY at the bar, Venetian. Those nice deals that used to exist in the major casinos are pretty much gone. Dinner Buffets are around $30.00. Even Circus Circus has its cheap and junky breakfast buffet for $15.00. I remember going to Circus Circus breakfast buffet for $1.99 in the early 1980's.

59   Peter P   2014 Dec 16, 2:38pm  

Watch out, in Vegas, you can have a $200/person dinner that is just meh. But then you have the buffet pass. :-)

60   zzyzzx   2015 Mar 13, 9:39am  

http://news.yahoo.com/bankruptcy-judge-rule-friday-82m-revel-casino-sale-200932633.html
New bidders try to squeeze into Revel casino sale process

CAMDEN, N.J. (AP) — Nineteen would-be buyers of Atlantic City's former Revel Casino Hotel have expressed interest in acquiring the shuttered seaside gambling hall.
Related Stories

To them, Revel's lawyers had a simple response Thursday: Show us the money.

A federal bankruptcy court judge will decide Friday whether to approve its sale. Glenn Straub's Polo North Country Club has an $82 million deal to buy the casino from Revel AC. The casino cost $2.4 billion to build.

But even if Judge Gloria Burns sanctions the sale, the contract contains a loophole that allows Revel to accept a better offer if one comes along before the scheduled March 31 closing date.

At least two other would-be buyers have said they want to be considered: Los Angeles developer Izek Shomof and New York private equity investor Jeffrey Keating.

61   zzyzzx   2015 Apr 6, 12:49pm  

Revel and Showboat finally sold!
http://finance.yahoo.com/news/judge-enters-sale-order-revel-150419443.html

Florida developer Glenn Straub's Polo North Country Club is buying the casino, which cost $2.4 billion to build, for $82 million, or about 4 cents on the dollar.

Straub said last week he may have a way around the power plant standoff: connecting Revel to the utility grid through the former Showboat casino next door, which he bought from Stockton University on Friday.

On Friday, Straub unveiled what he called The Phoenix Project: $500 million worth of development projects in Atlantic City including the purchases of Revel and the Showboat. He said he plans to submit a proposal to transform the former Bader Field airport site that will re-open part of it as an aviation facility. His plans also include an extreme sports complex, two marinas, a world-class equestrian complex, waterparks, universities and high-speed ferries and helicopter service connecting to Manhattan.

http://www.casinonewsdaily.com/2015/04/06/the-phoenix-project-brings-new-life-to-atlantic-city/
Rumour has it that Revel will be opened for visitors by the summer.

62   zzyzzx   2015 Jul 10, 9:35am  

I drive past this sign every time I go to Atlantic City. Finally got a good picture of it in June:

I still giggle when I see it.

63   zzyzzx   2016 Jun 7, 11:42am  

ShowBoat reopening
http://finance.yahoo.com/news/atlantic-citys-showboat-reopening-without-casino-164307175.html

ATLANTIC CITY, N.J. (AP) -- The shuttered Showboat casino hotel will reopen next month — this time as a non-gambling hotel, a developer said Friday.

Philadelphia developer Bart Blatstein said 852 of the complex's 1,300 rooms will be open to the public in July. The hotel will still be called the Showboat.

#ShowBoat

Smart move to keep the name too.

64   HydroCabron   2016 Jun 7, 11:49am  

Casinos fuck every city and town where they're introduced, trading a short-term boost in tax revenue for higher addiction and broken finances among many citizens.

The only defense of casinos is if a nearby state has them. Since you're going to eat the increase in suicide and addiction (gambling, alcohol, drugs) from your people driving to the casinos, you might as well open casinos locally: You get the revenue to fund addiction treatment, aid for abandoned families, and cleaning up abandoned houses.

If it's not an addiction, why are casinos open at 3:20 a.m. on Wednesday morning?

All casino owners should be rounded up and sent to gas chambers.

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