Ethnic Vagina Finder
The Great Paper Chaser
Christie is a fat fukking fakkit. He probably vetoed that shyt so all those tony soprano ass nikkas can keep their illegal bookie rackets poppin. Lobbyists probably got in his head.
Atlantic City Strives to Rise As Casinos Fall
- Thread starter theworldismine13
- Start date
Christie is a fat fukking fakkit. He probably vetoed that shyt so all those tony soprano ass nikkas can keep their illegal bookie rackets poppin. Lobbyists probably got in his head.
Domingo Halliburton
Handmade in USA
He would have had to bypass federal laws which I don't think he wanted to fight it out with them.
But bypassing federal laws has worked for the marijuana states so maybe it could have worked.
ZEB WALTON
ayo! - BEZ
HA. Atlantic city is dope boy central. That whole area of jersey is filled with drugs, more people outta work now aint gon make it better. Place is flooded with heroin.
And a.c. The fukking hood. One block off that boadwalk and 10-15 yr olds yelling soowu at you. Dirty fukkin place
And a.c. The fukking hood. One block off that boadwalk and 10-15 yr olds yelling soowu at you. Dirty fukkin place
88m3
Fast Money & Foreign Objects
Atlantic City Faces Downward Spiral With Revel’s Demise
By Terrence Dopp Aug 12, 2014 8:00 PM ET
163 Comments Email Print
Save
11/129.00* Price chart for REVEL AC INC. Click flags for important stories.REVEQ:US0.000.00 0.00%
The shuttering next month of Revel, the $2.6 billion hotel and casino that was meant to usher in a new era of opulence in Atlantic City when it opened in 2012, is set to quicken the seaside community’s downward spiral.
Five years after the longest recession since the 1930s, hotel rooms sit vacant and revenue keeps falling in what was once the second-largest U.S. casino market. New Jersey Governor Chris Christie’s turnaround plan for the municipality, begun in 2011 and hinged on Revel’s success, hasn’t delivered, prompting Moody’s Investors Service to cut the city’s $245 million of general-obligation debt to junk last month.
Moody’s pins the city’s struggle mostly on its dependence on one industry. About 70 percent of taxes come from casinos, whose revenue has slid for seven straight years as competition from neighboring states intensifies. While Las Vegas has rebounded, drawing tourists with conventions and restaurants, Atlantic City remains largely a place for gambling day-trippers.
The demise of Revel is “more confirmation that they’re headed in the wrong direction,” said Matt Dalton, chief executive officer of White Plains, New York-based Belle Haven Investments, which manages about $2 billion of municipal bonds. “They don’t have the money to spend on what it’s really going to take to rejuvenate that area and bring people in.”
Photographer: Ron Antonelli/Bloomberg
Revel Atlantic City is seen through a vacant lot between homes on Adriatic Ave. in... Read More
No Buyers
Revel, Atlantic City’s newest casino, said yesterday that it will close by Sept. 10 after failing to find a buyer in bankruptcy. It joins The Atlantic Club, which closed in January; and the planned shutting of Caesars’ Showboat on Aug. 31 and Trump Plaza Hotel & Casino Sept. 16. The moves affect 7,800 employees.
The closings would leave the city with eight gambling houses, down from as many as 12, and may increase the jobless rate from June’s 13.1 percent level, about double the state average. Gambling venues account for almost half the city’s jobs: 5,883 positions in a workforce of 13,500.
“This might be Revel’s last chapter, but not the last one for this building,” Mayor Don Guardian said in a statement yesterday. “My administration remains committed to the workers, the businesses, and the visitors who are impacted by” the decision on Revel.
1976 Legalization
Atlantic City was a decaying resort until New Jersey legalized casino gambling in 1976 and limited it to that location. The first casino, Resorts International (MGM), opened in 1978. Revenue peaked above $5 billion in 2006.
The community of about 40,000 has since seen its casino-generated revenue decline. In 2012, itdropped to become the third-largest U.S. gambling market after Nevada and Pennsylvania. Atlantic City casino revenue fell 6.2 percent to $2.9 billion in 2013, and is down 6.4 percent this year.
Though Nevada gambling also took a hit from the recession, revenue has risen annually since 2010. Gambling accounts for 78 percent of revenue generated in Atlantic City, compared with 34 percent in Las Vegas, according to Moody’s figures.
“You want the casinos to be an accoutrement, not the main stuff,” said John Mousseau, director of fixed income at Cumberland Advisors, which manages $2.9 billion from Vineland, New Jersey. “They’ve got a bad business model in terms of everything being based on the casinos.”
Mayor’s Praise
Guardian, 61, who was elected in November, has sought to reverse the slump by championing conventions, the arts and gay tourists. He lauded Las Vegas’s efforts at diversification.
“In Atlantic City, we unfortunately didn’t take that same opportunity,” he said in an interview. “We hit bottom and now we have to realize that we’re re-growing, and gaming is just going to be one part of our future.”
Christie, 51, a second-term Republican who took office in 2010, pledged $261 million in tax incentives to hasten Revel’s completion. He initiated a five-year plan to turn around Atlantic City that included marketing to increase non-gambling tourism. The state in November also began letting casinos offer online betting. Revenue hasn’t met forecasts.
Kevin Roberts, a spokesman for Christie, didn’t return e-mails seeking comment on Atlantic City and Revel.
This year, the U.S. Supreme Court rejected an appeal of a court ruling that said New Jersey’s law legalizing sports gambling conflicted with federal statutes. The Democratic-led legislature sent Christie a bill to repeal state prohibitions against wagering. He vetoed it last week, saying federal law was “sacrosanct.”
Neighborly Competition
Dalton at Belle Haven said the addition of casinos in nearby states has hurt.
“It’s a declining credit,” he said. “If you close your eyes you can kind of liken it to Detroit. The business model in Atlantic City is under that much stress.”
Like Detroit, which filed a record municipal bankruptcy last year, declining revenue for Atlantic City’s key industry means less money to pay bills, said Dalton. He said his firm deals with only insured bonds from Atlantic City.
Moody’s cut Atlantic City to Ba1, the highest speculative grade, with a negative outlook, citing competition from regional gambling venues and the financial strain of closing casinos and tax appeals. The company rates Las Vegas eight steps higher at Aa2.
Investors’ Demand
Atlantic City’s population has remained at about its current level since 1980 while Las Vegas’s has more than tripled, Moody’s said. About 30 percent of Atlantic City residents live in poverty, compared with 13 percent in Las Vegas, according to Moody’s.
Investors in the $3.7 trillion municipal-bond market demand extra yield on Atlantic City debt. Tax-exempt general obligations maturing in December 2027 traded yesterday at an average yield of 4.8 percent, data compiled by Bloomberg show. That’s about 2.6 percentage points more than benchmark munis.
Atlantic City’s Republican mayor cited increasing choices for retail and dining, the construction of a convention center next to Harrah’s casino and expanding service at the local airport. Restaurants including Guy Fieri’s Chophouse at Bally’s and Martorano’s at Harrah’s opened this summer.
Non-gaming revenue, including from hotels, entertainment and food and beverages, has risen by more than $160 million in the last two years and is approaching $1 billion annually, John Palmieri, executive director of the Casino Reinvestment Development Authority, said in a statement.
The authority is a state panel that oversees the use of casino money for community and economic development.
“If we’d done this 10 years ago, we wouldn’t even be having this conversation,” Guardian said. “We still have over $2 billion a year in gaming. It’s not the $5 billion it was. But at some point, newer casinos are not going to be able to sustain themselves in Pennsylvania, Delaware andMaryland.”
http://www.bloomberg.com/news/2014-...aces-downward-spiral-with-revel-s-demise.html
By Terrence Dopp Aug 12, 2014 8:00 PM ET
163 Comments Email Print
Save
11/129.00* Price chart for REVEL AC INC. Click flags for important stories.REVEQ:US0.000.00 0.00%
The shuttering next month of Revel, the $2.6 billion hotel and casino that was meant to usher in a new era of opulence in Atlantic City when it opened in 2012, is set to quicken the seaside community’s downward spiral.
Five years after the longest recession since the 1930s, hotel rooms sit vacant and revenue keeps falling in what was once the second-largest U.S. casino market. New Jersey Governor Chris Christie’s turnaround plan for the municipality, begun in 2011 and hinged on Revel’s success, hasn’t delivered, prompting Moody’s Investors Service to cut the city’s $245 million of general-obligation debt to junk last month.
Moody’s pins the city’s struggle mostly on its dependence on one industry. About 70 percent of taxes come from casinos, whose revenue has slid for seven straight years as competition from neighboring states intensifies. While Las Vegas has rebounded, drawing tourists with conventions and restaurants, Atlantic City remains largely a place for gambling day-trippers.
The demise of Revel is “more confirmation that they’re headed in the wrong direction,” said Matt Dalton, chief executive officer of White Plains, New York-based Belle Haven Investments, which manages about $2 billion of municipal bonds. “They don’t have the money to spend on what it’s really going to take to rejuvenate that area and bring people in.”
Photographer: Ron Antonelli/Bloomberg
Revel Atlantic City is seen through a vacant lot between homes on Adriatic Ave. in... Read More
No Buyers
Revel, Atlantic City’s newest casino, said yesterday that it will close by Sept. 10 after failing to find a buyer in bankruptcy. It joins The Atlantic Club, which closed in January; and the planned shutting of Caesars’ Showboat on Aug. 31 and Trump Plaza Hotel & Casino Sept. 16. The moves affect 7,800 employees.
The closings would leave the city with eight gambling houses, down from as many as 12, and may increase the jobless rate from June’s 13.1 percent level, about double the state average. Gambling venues account for almost half the city’s jobs: 5,883 positions in a workforce of 13,500.
“This might be Revel’s last chapter, but not the last one for this building,” Mayor Don Guardian said in a statement yesterday. “My administration remains committed to the workers, the businesses, and the visitors who are impacted by” the decision on Revel.
1976 Legalization
Atlantic City was a decaying resort until New Jersey legalized casino gambling in 1976 and limited it to that location. The first casino, Resorts International (MGM), opened in 1978. Revenue peaked above $5 billion in 2006.
The community of about 40,000 has since seen its casino-generated revenue decline. In 2012, itdropped to become the third-largest U.S. gambling market after Nevada and Pennsylvania. Atlantic City casino revenue fell 6.2 percent to $2.9 billion in 2013, and is down 6.4 percent this year.
Though Nevada gambling also took a hit from the recession, revenue has risen annually since 2010. Gambling accounts for 78 percent of revenue generated in Atlantic City, compared with 34 percent in Las Vegas, according to Moody’s figures.
“You want the casinos to be an accoutrement, not the main stuff,” said John Mousseau, director of fixed income at Cumberland Advisors, which manages $2.9 billion from Vineland, New Jersey. “They’ve got a bad business model in terms of everything being based on the casinos.”
Mayor’s Praise
Guardian, 61, who was elected in November, has sought to reverse the slump by championing conventions, the arts and gay tourists. He lauded Las Vegas’s efforts at diversification.
“In Atlantic City, we unfortunately didn’t take that same opportunity,” he said in an interview. “We hit bottom and now we have to realize that we’re re-growing, and gaming is just going to be one part of our future.”
Christie, 51, a second-term Republican who took office in 2010, pledged $261 million in tax incentives to hasten Revel’s completion. He initiated a five-year plan to turn around Atlantic City that included marketing to increase non-gambling tourism. The state in November also began letting casinos offer online betting. Revenue hasn’t met forecasts.
Kevin Roberts, a spokesman for Christie, didn’t return e-mails seeking comment on Atlantic City and Revel.
This year, the U.S. Supreme Court rejected an appeal of a court ruling that said New Jersey’s law legalizing sports gambling conflicted with federal statutes. The Democratic-led legislature sent Christie a bill to repeal state prohibitions against wagering. He vetoed it last week, saying federal law was “sacrosanct.”
Neighborly Competition
Dalton at Belle Haven said the addition of casinos in nearby states has hurt.
“It’s a declining credit,” he said. “If you close your eyes you can kind of liken it to Detroit. The business model in Atlantic City is under that much stress.”
Like Detroit, which filed a record municipal bankruptcy last year, declining revenue for Atlantic City’s key industry means less money to pay bills, said Dalton. He said his firm deals with only insured bonds from Atlantic City.
Moody’s cut Atlantic City to Ba1, the highest speculative grade, with a negative outlook, citing competition from regional gambling venues and the financial strain of closing casinos and tax appeals. The company rates Las Vegas eight steps higher at Aa2.
Investors’ Demand
Atlantic City’s population has remained at about its current level since 1980 while Las Vegas’s has more than tripled, Moody’s said. About 30 percent of Atlantic City residents live in poverty, compared with 13 percent in Las Vegas, according to Moody’s.
Investors in the $3.7 trillion municipal-bond market demand extra yield on Atlantic City debt. Tax-exempt general obligations maturing in December 2027 traded yesterday at an average yield of 4.8 percent, data compiled by Bloomberg show. That’s about 2.6 percentage points more than benchmark munis.
Atlantic City’s Republican mayor cited increasing choices for retail and dining, the construction of a convention center next to Harrah’s casino and expanding service at the local airport. Restaurants including Guy Fieri’s Chophouse at Bally’s and Martorano’s at Harrah’s opened this summer.
Non-gaming revenue, including from hotels, entertainment and food and beverages, has risen by more than $160 million in the last two years and is approaching $1 billion annually, John Palmieri, executive director of the Casino Reinvestment Development Authority, said in a statement.
The authority is a state panel that oversees the use of casino money for community and economic development.
“If we’d done this 10 years ago, we wouldn’t even be having this conversation,” Guardian said. “We still have over $2 billion a year in gaming. It’s not the $5 billion it was. But at some point, newer casinos are not going to be able to sustain themselves in Pennsylvania, Delaware andMaryland.”
http://www.bloomberg.com/news/2014-...aces-downward-spiral-with-revel-s-demise.html
they dont have a nba team
sports book sportsbook
sports book sportsbook
The Fukin Prophecy
RIP Champ
AC is a dump and always has been...
Aside for the Borgata the casino's ain't even that nice and the area surrounding the casino's is a heroin infested slum...Looks like a fukking warzone...
Camden at least has an excuse for being a miserable dump but AC? There is no excuse for a town that was a hotbed for east coast gambling since the 70's to be so pitiful...
Aside for the Borgata the casino's ain't even that nice and the area surrounding the casino's is a heroin infested slum...Looks like a fukking warzone...
Camden at least has an excuse for being a miserable dump but AC? There is no excuse for a town that was a hotbed for east coast gambling since the 70's to be so pitiful...
theworldismine13
God Emperor of SOHH
Atlantic City to close two casinos, lose 5,000 jobs over three days
Read more: http://www.nydailynews.com/news/national/atlantic-city-close-2-casinos-lose-5-000-jobs-3-days-article-1.1923284#ixzz3C5nWMac
http://www.nydailynews.com/news/nat...ource=facebook.com&utm_campaign=NYDN+Facebook
Read more: http://www.nydailynews.com/news/national/atlantic-city-close-2-casinos-lose-5-000-jobs-3-days-article-1.1923284#ixzz3C5nWMac
http://www.nydailynews.com/news/nat...ource=facebook.com&utm_campaign=NYDN+Facebook
Ethnic Vagina Finder
The Great Paper Chaser
When to AC last Monday for two days. Basically, if you're not a gambler aint shyt else to do really. All other relevant activities (beaches, clubbing, shopping) you can do without having to go there. I stayed at Harrah's and basically, they don't even try to make you want to come back. shyt gets old after a while. Not worth the commute. It's some place to go once or twice a year tops for the weekend to get away.
RicanFury
Come Home With Me
needs more hookers
