The Atlantic City casino industry implosion continues. Following the second, and final, bankruptcy of AC's "state of the art" Revel Casino a month ago, as well as the shuttering of Atlantic Club hotel Casino and the Showboat hotel casino, the grim corporate reaper has come for one of the most prominent boardwalk casinos of all: Trump Plaza.
US premium cable TV provider HBO announced that the next season of award-winning prohibition-era show "Boardwalk Empire" will be its last. "The final call for drinks on the Boardwalk comes this fall," program makers announced on the Twitter feed of the show, starring Steve Buscemi as a politician-gangster in charge of Atlantic City.
A raging fire spewing fist-sized embers engulfed much of an iconic Jersey shore boardwalk Thursday, destroying more than 50 businesses and undoing months of rebuilding efforts after the inundation of Superstorm Sandy.
Workers joined the fire in tearing into the boardwalk — a last-ditch effort to rob the inferno of fuel that helped preserve what was left of the economic lifeblood of Seaside Park and Seaside Heights.
It feels like it was only yesterday when we wrote about the plight of what was once supposed to be the ultramodern east-coast competitor to the glitzy kitsch of Las Vegas: Atlantic City's Revel casino which back in February 2013 "filed for bankruptcy ten months after opening." Well, a short 16 months later it is time for an update because Revel, which was supposed to have a viable balance sheet upon emergence from its first Chapter 11
ATLANTIC CITY, N.J. (AP) -- Michael Garrity recalls sitting on a pile of dirt at the end of the Atlantic City Boardwalk in 2006 with Kevin DeSanctis, a former New Jersey state trooper and casino executive. Morgan Stanley, Garrity's Wall Street investment firm, had just lined up land for what would become Revel, a new casino resort....
A month after Hurricane Sandy pounded the New Jersey Shore; Atlantic City is back in business. Even though most of the casinos, restaurants and the famous boardwalk suffered very little damage in the storm, they're now suffering from a lack of visitors.» E-Mail This » Add to Del.icio.us