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Hometown News
Atlantic City casinos' first-quarter gross operating profits down 64 percent
Wednesday, May 22, 2013 2:59 pm
First-quarter gross operating profits at Atlantic City’s casinos dropped 64 percent compared to the same period last year, according to the Division of Gaming Enforcement.
Gaming Congress opens Tuesday
Saturday, May 18, 2013 11:45 pm
One of the largest East Coast gambling industry conferences will open Tuesday at Boardwalk Hall.
Judge says Atlantic Club can reject PokerStars offer
Friday, May 17, 2013 4:03 pm
Atlantic Club Casino Hotel can walk away from a sales deal with PokerStars and keep the $11 million in advances it has received, a Superior Court judge ruled Friday.
Dispute between Atlantic Club casino, PokerStars hits Superior Court today
Friday, May 17, 2013 1:30 am
Lawyers head to Superior Court today to argue whether Atlantic Club Casino Hotel can walk away from a sales deal with Rational Group now or wait for a licensing decision to be made in several months.
Ten students, teacher win scholarships for Atlantic City marketing ideas
Wednesday, May 15, 2013 9:07 pm
Tasked with creating marketing ads for Atlantic City, local teenagers vying for a scholarship came up with ideas such as "Stop Dreaming and Do AC," "Staycation, VACation" and "Atlantic City: Your Convention Destination."
"We have so many different things to offer here," said one of the students, Fathama Rahman, 17, of Atlantic City. "You'd be foolish not to come here and look around."
Rahman, nine other students and a high school teacher were awarded scholarships during the Metropolitan Business and Citizens Association annual luncheon at Tropicana Casino and Resort Wednesday. The annual scholarship program is marking its 13th year with a record amount of money - $18,500 - being distributed this year, said Gary Hill, spokesman for the association.
The ad project was a way for the association to encourage students to cast Atlantic City in a positive and innovative way, Hill said.
"That's what we're trying to do here," he said. "So it spreads out from Atlantic City."
Rahman, who won the Claremont Hotel Scholarship with the "Stop Dreaming and Do AC" slogan, has lived in Atlantic City all of her life. She said it was difficult for her to understand why people wouldn't want to come to the resort.
"I'm a bit biased," said the teen, who is planning to attend the College of New Jersey and major in criminology.
Jeffrey Weinert, 18, of Galloway Township, a recipient of the Atlantic City Jitney Association Scholarship who is headed to the University of Richmond in Virginia, said he decided to highlight Atlantic City's ability to host conventions in his ad because he believes the resort's future depends on being more than a gambling city.
"I think it can improve in other areas of business," said Weinert, whose father is a senior vice president of Spectrum Gaming Group, a Linwood-based casino industry market research firm.
Kayla Scannell, a Linwood student from Mainland Regional High School who won the MBCA Student Scholarship, also believes nongambling attractions are an important part of what Atlantic City offers, crafting the "Staycation, VACation" slogan to emphasize the amenities available outside of the casinos.
"I definitely think Atlantic City has a lot more than gambling," said the teen who will attend Towson University in Maryland and aspires to become a teacher.
Other recipients of awards worth $1,500:
•Kimberly Richardson, Epicurean Society of New Jersey Student Scholarship
•Sutton Pakenham-Laltrello, AC Weekly Scholarship
•Colleen Callahan, South Jersey Industries Women's Leadership Scholarship
•Sameena Shinwari, Penny from Jenny Scholarship
•Caroline Tesone, Seashore Gardens Living Center Scholarship
•Laura Butrus, an Egg Harbor Township High School teacher, Epicurean Society of Southern New Jersey Recipients of the Pierre and Soundra Hollingsworth Scholarships worth $2,500: •Alexis Price •Robert Lowe Contact Hoa Nguyen: 609-272-7203
Bass River State Park remains ID'd in Gacy case; they're just not Gacy's victim
Wednesday, May 15, 2013 12:01 am
A search for the victims of serial killer John Wayne Gacy has been credited with identifying the remains of a 16-year-old boy who went missing 41 years ago in Bass River State Park in Burlington County, police said Tuesday.
Bass River State Park remains ID'd in Gacy case; they're just not Gacy's victim
Tuesday, May 14, 2013 9:07 pm
A search for the victims of serial killer John Wayne Gacy has been credited with identifying the remains of a 16-year-old boy who went missing 41 years ago in Bass River State Park in Burlington County, police said Tuesday.
Revel will be allowed to emerge from bankruptcy with advantages
Tuesday, May 14, 2013 12:03 am
CAMDEN — Revel will be allowed to emerge from bankruptcy before the end of this month with about $1 billion less in debt and access to as much as $69 million in additional new financing, a judge ruled Monday.
Judge rules Revel will be able to emerge from bankruptcy
Monday, May 13, 2013 3:30 pm
CAMDEN - Revel will be allowed to emerge from bankruptcy, allowing the 1-year-old megaresort to continue operating with more than $1 billion less in loans, a judge ruled this afternoon.
Judge to review Revel resort's bankruptcy plan
Sunday, May 12, 2013 12:01 am
New York City residents James Cross and Patricia Patterson were spurred to check out Revel a few weeks ago after hearing that Atlantic City's newest casino resort was filing for bankruptcy.
New Jersey's new Internet gambling law worries Native American tribes
Saturday, May 4, 2013 11:15 pm
Almost immediately after New Jersey legalized Internet gambling, an alliance of Native American tribes operating thousands of miles away issued a statement decrying the move, accusing the state of weakening gambling license requirements.
American Indian tribes oppose New Jersey's Internet gambling measure
Saturday, April 27, 2013 12:00 pm
Almost immediately after New Jersey legalized Internet gambling, an alliance of American Indian tribes operating thousands of miles away issued a statement decrying the move, accusing the state of weakening gambling license requirements.
Revel tax breaks remain despite staff shortfalls
Friday, April 26, 2013 12:01 am
New Jersey lawmakers who supported state tax breaks for Revel remain advocates of the measure, even though questions have been raised about whether the megaresort overstated its staffing projections when it applied for the incentives.
Showboat fire under investigation; man says he lost $92,000
Thursday, April 25, 2013 5:37 pm
Wednesday’s closet fire at Showboat Casino Hotel, which one man claimed to have destroyed $92,000 in cash, remains under investigation, officials said.
AC Slots packing up machines for last time
Wednesday, April 24, 2013 11:49 pm
In a week, Thomas McCormick will be out of work. Meanwhile, his job is to put AC Slots out of business.
DGE hiring as it prepares for online gambling
Wednesday, April 24, 2013 10:59 am
Regulators plan to hire 25 additional workers and contract with an online casino systems consultant in preparation for Internet gambling beginning sometime before Thanksgiving.
Archived
Atlantic City Casinos imagine fantasy sports betting
Saturday, April 20, 2013 12:56 am
Although regulations allow casinos to offer fantasy sports as early as Monday, most will wait for the start of the football preseason later this year to do so, officials and industry observers said.
Archived
New Jersey treasurer insists Internet gambling could net $1.2 billion
Friday, April 19, 2013 7:48 pm
Despite skepticism from lawmakers and budget experts, the state treasurer is standing behind his estimate that Internet gambling could net Atlantic City casinos $1.2 billion during its first year of operation.
Archived
Casinos imagine fantasy sports
Friday, April 19, 2013 7:03 pm
Although regulations allow casinos to offer fantasy sports as early as Monday, most will wait for the start of the football preseason later this year to do so, officials and industry observers said.
Archived
Revel's tax ssessment cut to half building cost of $2.4 billion
Thursday, April 18, 2013 11:55 pm
Revel has reached a deal with Atlantic City officials to lower its tax assessment to about half of the $2.4 billion it took to build the megaresort, lawyers said Thursday in U.S. Bankruptcy Court in Camden.
Archived
Revel laying off about 80 employees this week
Wednesday, April 17, 2013 3:33 pm
Revel is laying off about 80 employees this week at about the same time it prepares for a second bankruptcy hearing in Camden today.
Archived
Caesars Entertainment seeks license for Internet gambling
Wednesday, April 17, 2013 12:10 am
While one online gambling company is proceeding with its bid to take over an Atlantic City casino, another with ties to four other local properties is applying for a license in anticipation of starting Internet gambling in New Jersey.
Archived
Atlantic City marathon organizers and tourism officials tighten security measures after Boston bombing
Tuesday, April 16, 2013 10:43 pm
Local marathon organizers and tourism public safety officials said the Boston Marathon bombings are prompting them to take a second look at security measures.
Archived
Hundreds attend Margaritaville job fair in Atlantic City
Monday, April 15, 2013 1:18 pm
Just as regulators report the casino industry shed nearly 5 percent of its work force in March compared to the same month last year, a job fair held this week is promising to add 600 new jobs to Atlantic City.
Archived
Atlantic City casino free play enticing players
Monday, April 15, 2013 12:00 am
Sitting at a Monopoly penny slot machine in the Atlantic Club Casino Hotel, Karen Johnson pulled down on her hand, mimicking the movement of a locomotive chugging across the screen in front of her.
Archived
Revel considers adding smoking section to casino floor
Sunday, April 14, 2013 3:00 am
Revel bankruptcy documents say the Atlantic City megaresort intends to add a smoking section as part of its restructuring changes, but there are indications officials haven’t made a definitive decision.
Archived
Internet gambling a boon for state tax coffers? Legislators not so sure
Tuesday, April 9, 2013 3:00 am
Internet gambling is expected to bring millions of dollars into Atlantic City’s casinos, but whether it will be a billion-dollar market has become a thorny point in budget discussions in Trenton.
Archived
Casino buses lead decline in traffic to Atlantic City, data show
Wednesday, April 3, 2013 1:50 am
While every mode of transportation has seen decreases in visits to Atlantic City, casino bus traffic has had one of the longest stretches of decline, according to data from the South Jersey Transportation Authority.
Archived
Fourth-quarter, year-end Atlantic City casino results to be released today
Wednesday, April 3, 2013 12:01 am
Much-anticipated fourth quarter and year-end casino financial reports are expected to be released by the Division of Gaming Enforcement today.
Archived
New Jersey lawmakers considering bill to ease licensing requirements to sell time shares
Monday, April 1, 2013 12:00 am
State lawmakers are considering a bill to ease licensing requirements for people who want to sell time shares as a way to stimulate the market.
Archived
Luxury tax revenue, share of New Jersey tourists positive signs for Atlantic City
Saturday, March 30, 2013 3:00 am
Atlantic City posted record luxury tax revenues and regained a greater share of the state’s visitors over the past year, recently published tourism studies show.
Archived
Lawsuit says Englishman snagged by Revel escalator broke leg, knee and dangled 40 feet in air
Friday, March 29, 2013 2:55 am
An Englishman who was dragged and hung upside down 40 feet in the air after his clothing got snagged on an escalator at Revel is suing for more than $75,000, his lawyer said in court documents this month.
Archived
Revel tells bankruptcy court immediate help is needed to continue operating
Thursday, March 28, 2013 2:45 am
CAMDEN — Revel can still be Atlantic City’s “gamechanger” but needs less debt and more money to continue operating even over the next few days, lawyers said during a bankruptcy hearing Wednesday.
Archived
Revel saw early signs of trouble in construction costs, marketing plan
Wednesday, March 27, 2013 1:30 am
A series of missteps that helped nudge Revel toward bankruptcy emerged as early as last spring just as executives were raising their flute glasses in a sunrise toast commemorating the megaresort’s opening, officials said in court documents Monday.
Archived
Revel files for bankruptcy; creditors to become owners
Tuesday, March 26, 2013 6:00 am
Revel filed for bankruptcy Monday, according to online court documents, formalizing the start of a restructuring process that will allow the $2.4 billion megaresort to continue operating with less debt and give creditors an equity stake.
Archived
Revel filings say $2.4 billion megaresort now worth $450 million
Friday, March 22, 2013 3:00 am
Revel is worth only $450 million and needs four years before it becomes fully profitable, the $2.4 billion megaresort estimates in disclosure forms submitted in advance of a bankruptcy filing.
Archived
Tourism researcher says New Jersey attractive to couples without children
Friday, March 22, 2013 12:00 am
New Jersey attracts more couples and adults who don’t bring their children than nearby states, which makes one researcher wonder whether the state should put more money toward attracting those visitors.
Archived
2012 was record year for New Jersey tourism, Christie says in Atlantic City
Thursday, March 21, 2013 1:45 am
Tourism demand in New Jersey reached record levels last year despite Hurricane Sandy disrupting the region and declines in the casino industry, according to a new tourism study published by the state on Wednesday.
Archived
New Jersey's sports betting case advances in federal court
Tuesday, March 19, 2013 1:25 pm
New Jersey’s attempt to overturn a federal court decision barring it from authorizing sports betting is proceeding in the U.S. Court of Appeals with judicial officials opening a docket for the case Monday.
Archived
Hartmann gets approval to lead Revel, says casino must be put back together after Sandy
Tuesday, March 19, 2013 10:22 am
Revel is like a great puzzle whose pieces were knocked apart by Hurricane Sandy, the casino’s newly approved interim chief executive officer told the Casino Control Commission on Tuesday in Atlantic City.
Archived
Fantasy sports betting at Atlantic City casinos won't be considered gambling
Tuesday, March 19, 2013 12:15 am
Denied the chance to authorize sports betting, New Jersey is turning to a similarly popular activity that carries little risk of being challenged in court, observers said.
Archived
Casino officials hope February data shows beginning of post-Sandy rebound
Tuesday, March 19, 2013 12:05 am
Atlantic City’s February gambling revenue may be one of the first signs that Hurricane Sandy’s effects on the industry is lessening.
Archived
Tourism conference to focus on Sandy recovery efforts, 2014 Super Bowl
Tuesday, March 19, 2013 12:00 am
The topics of recovering from Hurricane Sandy and preparing for next year’s Super Bowl will headline the annual New Jersey Conference on Tourism, which starts Wednesday in Atlantic City and will feature remarks from Gov. Chris Christie.
Archived
Restaurants help keep Atlantic City's economy cooking
Monday, March 18, 2013 12:00 am
Kim Jackson initially thought opening a third restaurant was daunting, but keeping it open is what has her most concerned.
Archived
New Revel CEO returns to Atlantic City with a strong financial background and a tough task ahead
Sunday, March 17, 2013 12:10 am
Revel’s newly named interim CEO is returning to the city where he got his start, but at a time sure to test his ability.
Archived
Revel bankruptcy could jeopardize tax breaks the casino seeks to tap to pay creditors
Friday, March 15, 2013 3:00 am
Revel wants to satisfy some of its debt by earmarking money from future state tax breaks, but by filing for bankruptcy, the megaresort is jeopardizing $261 million in total eligible tax breaks, financial filings show.
Archived
Kevin DeSanctis out as Revel head, former Mohegan Sun executive moves in
Wednesday, March 13, 2013 12:39 pm
A former Mohegan Sun executive brought in as a consultant at Revel three months ago will replace Kevin DeSanctis at the helm of the beleaguered Atlantic City casino, officials said Wednesday.
Archived
PokerStars says detractors waging "economic warfare" in bid to stop takeover of Atlantic City casino
Monday, March 11, 2013 1:26 pm
PokerStars is fighting opposition to its takeover of the Atlantic Club Casino Hotel by accusing its detractors of launching a thinly veiled anti-competitive campaign.
Archived
Internet gambling expected to draw social gaming firms to Atlantic City
Saturday, March 9, 2013 12:00 am
Some of the largest and most well-known Internet gambling companies are expected to compete for business in Atlantic City later this year, once regulators establish rules governing the industry.
Archived
New Jersey tax revenue up, except from Atlantic City casinos
Friday, March 8, 2013 2:00 am
New Jersey narrowed its budget gap in February by raising more tax revenue than expected for the third month in a row, with one notable exception: casino revenue taxes.
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