Articles tagged “atlantic city”

Atlantic City’s Fortunes May Revive Thanks to a Ruling on Sports Betting

Atlantic City’s Fortunes May Revive Thanks to a Ruling on Sports Betting

Elise Young and Stacie Sherman, Bloomberg

Last year walking the Atlantic City Boardwalk in New Jersey felt like visiting a ghost town. But the city's tourism business will hopefully jump thanks to just-legalized sports betting, the Hard Rock's about-to-debut property, and a surge in fashion outlet shops.

1 week ago

Atlantic City’s Failed Revel Casino Sells for $200 Million

Atlantic City’s Failed Revel Casino Sells for $200 Million

Christopher Palmeri, Bloomberg

Atlantic City continues to be the reigning basket case of East Coast tourist towns. It seems as though the road to saving this destination isn't paved with more gambling.

4 months ago

Aggressive Salesmen Pitch Timeshares But Not Everyone Is Buying

Aggressive Salesmen Pitch Timeshares But Not Everyone Is Buying

Marjorie Miller, Associated Press

Timeshares are still big business despite their sketchy reputation. People do buy-in after receiving the hard-sell from a salesperson, but a significant percentage realize later that the investment wasn't a particularly prudent one.

8 months ago

Atlantic City Is a Tourism Disaster Waiting to Happen for the State’s Next Governor

Atlantic City Is a Tourism Disaster Waiting to Happen for the State’s Next Governor

Wayne Parry, Associated Press

Atlantic City has minor benefits as a meetings destination. Outside of that, it serves as a Titanic-like metaphor for corruption and poor tourism planning.

1 year ago

Hard Rock Hotels Has Big Plans for Transforming Trump’s Former Taj Mahal in Atlantic City

Hard Rock Hotels Has Big Plans for Transforming Trump’s Former Taj Mahal in Atlantic City

Wayne Parry, Associated Press

If Hard Rock, along with its fellow hotel and casino operators, can make Atlantic City a major destination for meetings and events, there's a good chance Atlantic City woes could fade away. But that's still an uphill battle.

1 year ago

Hard Rock Bought Trump Taj Mahal and Union Workers Could Benefit

Hard Rock Bought Trump Taj Mahal and Union Workers Could Benefit

Wayne Parry, Associated Press

It's so said to see activist investor Carl Icahn, who was widely accused of destroying TWA back in the day, take a financial hit in his ownership of the Trump Taj Mahal in Atlantic City. So sad. Really.

1 year ago

Atlantic City Considers Donald Trump Museum to Boost Tourism

Atlantic City Considers Donald Trump Museum to Boost Tourism

Associated Press

A city built on lies and corruption, and with nothing left to lose, looks to a man who swindled thousands of its residents and created four industry-killing bankruptcies — it's so wrong it could be right.

1 year ago

Atlantic City’s Casino Crisis Continues as Trump Taj Mahal Closes

Atlantic City’s Casino Crisis Continues as Trump Taj Mahal Closes

Wayne Parry, Associated Press

Atlantic City's inability to acknowledge that it's events, not gambling, that could rescue the destination is its continual failing. That, and constantly betting on snake-oil salesmen to save the city despite the fact that they never do.

2 years ago

Trump Taj Mahal, Atlantic City’s Largest Casino, Will Close and Kill 3,000 Jobs

Trump Taj Mahal, Atlantic City’s Largest Casino, Will Close and Kill 3,000 Jobs

Wayne Parry , Associated Press

Carl Icahn could be bluffing about closing the Trump Taj Mahal Casino, seeking to bring the property's union to its knees. But closing it wouldn't be fun and games for the hotel's workforce or for an Atlantic City almost on life support.

2 years ago

Measuring the Value of the Trump Name in the Gaming Business

Measuring the Value of the Trump Name in the Gaming Business

Jeff Horwitz and Chad Day, Associated Press

Atlantic City will go down in hospitality history as a grand failure on multiple fronts. But in Trump fashion, his failure there was 'yuge.'

2 years ago

Two Atlantic City Casinos, Two Different Paths to Reopening

Two Atlantic City Casinos, Two Different Paths to Reopening

Wayne Parry, Associated Press

Over time, casinos proved to be both a boon and a detriment to Atlantic City. Is it possible for a hotel to survive in Atlantic City without a casino? Can Revel succeed the second time around? It'll be fascinating to see how it all plays out.

2 years ago

MGM Resorts Buys the Half of Atlantic City’s Borgata It Didn’t Already Own

MGM Resorts Buys the Half of Atlantic City’s Borgata It Didn’t Already Own

Wayne Parry, Associated Press

It'll be interesting to see if MGM's management of the Borgata will make the resort even more profitable and, perhaps, boost the overall gaming and hospitality community in a city that's struggled so much in recent years.

2 years ago