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Links
Category
Are Dealers Really That Stupid Or That Unhappy?
Last week, the dealers at Caesars and Bally’s in Atlantic City voted to strike the two casinos for failing to reach an agreement with their union, the United Auto Workers (UAW). My first reaction was that they must be incredibly stupid to vote to strike in this economic environment. But then my second thought was […]
30 Years
I had a meeting with Dan Nita this week. Dan is the chief of the four Harrah’s properties in Atlantic City, and he mentioned that it was 30 years this week since Caesars opened. I was surprised but I guess I shouldn’t have been. After all, last year we did a complete story about the […]
Icahn Could Get A Bargain in Trop Deal
The “For Sale” sign in front of Atlantic City’s fabled Tropicana Casino could be coming down any time now. A group of lenders that includes billionaire financier Carl Icahn, onetime owner of the Sands in Atlantic City, have offered $200 million for the landmark casino, which includes New Jersey’s biggest (2,100-room) hotel.
The figure is hardly […]
Reverse Revenues
We became so used to increasing revenues in both Atlantic City and Nevada, it’s somewhat of a shock when the monthly figures are a disappointment. That is so true this week in both jurisdictions. One begins to wonder how we’re going to recover.
Atlantic city saw revenues fall by 11 percent in June, the biggest dip […]
First Class or No Class?
During volatile hearings last month to decide the fitness of Columbia Sussex to run the Tropicana Casino and Resort, most news reports focused on lurid reports of sub-par conditions—bedbugs, roaches, dirty bathrooms—at the Atlantic City property.
Those stories, plus the failure of Columbia Sussex to mind its regulatory Ps and Qs, led to the downfall of […]
