Casino Business

Trump Plaza To Be Demolished on Atlantic City Boardwalk

By Spring 2018,  the former Trump Plaza Casino on the Atlantic City Boardwalk could become a pile of rubble. Plans for a controlled implosion will bring the structure down in the very near future. The former hotel and casino on the Boardwalk was closed in September 2014. It was one of four casinos in Atlantic City […]

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Straub Reportedly Offered $225 Million for REVEL on Atlantic City Boardwalk

A New York-based private investment firm wants to buy the shuttered REVEL for $225 million. Owner Glenn Straub says he’s unaware of any such offer. REVEL owner Straub reports that it costs $1 million per month to operate the closed property on the Atlantic City Boardwalk. Opening a casino is still a priority for Glenn.

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Tropicana to Add Chelsea Hotel To It’s Boardwalk Property

Tropicana has signed a deal to acquire The Chelsea Hotel in Atlantic City. It will connect the property to its neighboring Tropicana Atlantic City property via a skyway bridge. This will bring total Tropicana Atlantic City rooms to around 2,730. The 20-story The Chelsea Hotel will soon be called The Chelsea Tower at Tropicana. Tony Rodio, President

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Blatstein Sued By AC Fan Xpo, Finally, A ‘Due For a Win’ Scoop!

The operators of AC Fan Xpo, who had a very short-lived run inside Bart Blatstein’s Showboat Hotel are taking the vulture investor to court. This is according to the ‘Due For a Win’ podcast about Atlantic City. AC Fan Xpo is all about geeks, video-games and e-sports. It was Blatstein’s shot at tapping a gamer-focused

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Tale of Two Atlantic Cities. Who are the Winners and Losers?

Is Atlantic City finally coming back? To some, it looks that way based on stabilized gaming revenues. To others, maybe we should curb our enthusiasm a bit. Crime and urban blight still plague our AC neighborhoods, just steps away from the big box casinos on the Boardwalk. https://youtu.be/wDFzMhzRju0 As Atlantic City is split in two,

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CRDA OK’s $800K for Harrah’s Restaurant Upgrade

The CRDA blessed Harrah’s plan to use $800,000 in Casino Reinvestment Development Authority money to help with a restaurant upgrade complete with a celebrity chef. According to the Press of AC, $800k was left over from the Harrah’s Waterfront Conference Center project, backed by $45 million in public funding via the CRDA. CRDA’s mission is

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Bally’s Dennis Tower is Black Eye for Atlantic City

Downsizing from 12 to 8 casinos, virtual bankruptcy and a State takeover, Atlantic City had no choice but to wake up. Re-invention & updating it’s attractiveness to visitors is finally job #1 for Atlantic City. Unfortunately, Bally’s Casino, part of Caesars Entertainment, didn’t get the memo. To be fair, Bally’s is perfectly positioned in the

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crda

CRDA Board Meeting Video June 20, 2017

VIDEO > The CRDA discussed the Hard Rock & Sister Jean’s Soup Kitchen. Plans are underway to move Sister Jean’s soup kitchen out of the tourism district and into new / better facilities. WATCH VIDEO BELOW > The CRDA; Casino Reinvestment Development Authority, viewed a brief presentation by The Hard Rock Casino, as they look

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CRDA Board Quietly Awards Insurance Deal With Vague Financials

CRDA director Chris Howard says the juicy insurance deal awarded to the George Norcross affiliated insurance company went to a “stronger and more thorough proposal”. Hmmmm…. Just a few things missing though. Costs and savings were not part of the review process. Amy Rosenberg from Philly.com: The infamous contract was awarded based on a Request

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