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(NJ.com)   Living on a prayer these days in Atlantic City will still not get you a job. It's over because of all the casinos opening up everywhere else, close the book   (nj.com) divider line 49
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962 clicks; posted to Business » on 21 Aug 2014 at 11:04 AM (9 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



49 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-08-21 07:59:19 AM  
Leave it to New York to jump on the casino bandwagon just as it's about to go off a cliff.
 
2014-08-21 08:32:22 AM  
Well, I'm sure prayer will work perfectly this time.
 
2014-08-21 08:57:56 AM  

clancifer: Well, I'm sure prayer will work perfectly this time.


They're desperate people with not many other options in the region. Many of them are my friends and family.
 
2014-08-21 09:35:30 AM  

RexTalionis: clancifer: Well, I'm sure prayer will work perfectly this time.

They're desperate people with not many other options in the region. Many of them are my friends and family.


No doubt very bad for the region. It's really sad for the workers but people in the area are just going to have to realize that the good times are over concerning work.

Sad indeed.

/know people in the area too
 
2014-08-21 09:51:01 AM  

AlwaysRightBoy: It's really sad for the workers but people in the area are just going to have to realize that the good times are over concerning work.

Sad indeed.


My parents are stressed out about possible layoffs at the other casinos as well. Maybe I can convince them to move up north towards where I am, but I don't know what they'd do for work.
 
2014-08-21 10:01:22 AM  
Before casinos opened:  "Dear lord, we pray to you that you will use your power to defeat the evil dens of sin, vice, intemperance and iniquity so our community will be saved."

Now that casinos are closing: "Dear lord, we pray to you that you will use your power to restore the evil dens of sin, vice, intemperance and iniquity so our community will be saved."
 
2014-08-21 10:14:40 AM  
metrouk2.files.wordpress.com

It's been done.
 
2014-08-21 10:17:31 AM  

RexTalionis: AlwaysRightBoy: It's really sad for the workers but people in the area are just going to have to realize that the good times are over concerning work.

Sad indeed.

My parents are stressed out about possible layoffs at the other casinos as well. Maybe I can convince them to move up north towards where I am, but I don't know what they'd do for work.


I'm hoping my favorite casino "The Borgata" will make it, it'd be tough to beat the buffet breakfast that I take my mother in-law to for her birthday each year.
 
2014-08-21 10:39:18 AM  

AlwaysRightBoy: RexTalionis: AlwaysRightBoy: It's really sad for the workers but people in the area are just going to have to realize that the good times are over concerning work.

Sad indeed.

My parents are stressed out about possible layoffs at the other casinos as well. Maybe I can convince them to move up north towards where I am, but I don't know what they'd do for work.

I'm hoping my favorite casino "The Borgata" will make it, it'd be tough to beat the buffet breakfast that I take my mother in-law to for her birthday each year.


As far as I'm concerned, the Borgata was the beginning of the end for Atlantic City. When it was built, that was the last straw because there were so many casinos in place, it stretched the pool of gamblers to the limit.
 
2014-08-21 10:50:37 AM  

AlwaysRightBoy: RexTalionis: AlwaysRightBoy: It's really sad for the workers but people in the area are just going to have to realize that the good times are over concerning work.

Sad indeed.

My parents are stressed out about possible layoffs at the other casinos as well. Maybe I can convince them to move up north towards where I am, but I don't know what they'd do for work.

I'm hoping my favorite casino "The Borgata" will make it, it'd be tough to beat the buffet breakfast that I take my mother in-law to for her birthday each year.


I wouldn't worry. I think that the Borgata and Ceaser's will be the only left standing. I've been to most of the local Pa. casinos, and the Borgata is still far and away the best.
 
2014-08-21 11:06:44 AM  
Not sure god would ever approve of gambling. Just sayin they might want to try praying to Buddha, aka the governor.
 
2014-08-21 11:22:43 AM  

RexTalionis: AlwaysRightBoy: RexTalionis: AlwaysRightBoy: It's really sad for the workers but people in the area are just going to have to realize that the good times are over concerning work.

Sad indeed.

My parents are stressed out about possible layoffs at the other casinos as well. Maybe I can convince them to move up north towards where I am, but I don't know what they'd do for work.

I'm hoping my favorite casino "The Borgata" will make it, it'd be tough to beat the buffet breakfast that I take my mother in-law to for her birthday each year.

As far as I'm concerned, the Borgata was the beginning of the end for Atlantic City. When it was built, that was the last straw because there were so many casinos in place, it stretched the pool of gamblers to the limit.


Philadelphia's casinos were the last nail in the coffin.  The gambling market is only so large, and it only thrived as long as Vegas and Atlantic City had all the action.

Sorry to hear about your parents.
 
2014-08-21 11:24:22 AM  

monoski: Not sure god would ever approve of gambling. Just sayin they might want to try praying to Buddha, aka the governor.


He will reward their prayers via tax cuts for the rich!
 
2014-08-21 11:27:41 AM  

monoski: Not sure god would ever approve of gambling. Just sayin they might want to try praying to Buddha, aka the governor.


I'm not sure it's the gambling God objects to so much as the bet's expected value being in favor of the house.
 
2014-08-21 11:30:23 AM  
Take a bow, governor.
 
2014-08-21 11:31:39 AM  

Marcus Aurelius: monoski: Not sure god would ever approve of gambling. Just sayin they might want to try praying to Buddha, aka the governor.

I'm not sure it's the gambling God objects to so much as the bet's expected value being in favor of the house.


Originally, gambling was considered a sin to early to medieval Christians because betting was considered a form of fortune telling, which is, in turn, a form of sorcery or witchcraft.
 
2014-08-21 11:40:43 AM  

Marcus Aurelius: Philadelphia's casinos were the last nail in the coffin.  The gambling market is only so large, and it only thrived as long as Vegas and Atlantic City had all the action.


That's kind of the messed up thing about gambling. Worked great in Vegas where it was the only place you could go, it would bring in all kinds of outside money to pump into the local economy. But when every city out there has a casino, then those casinos are pretty much just relying on the local population to keep them running. And those people are either spending disposable income they would have spent else where (bars, restaurants, local entertainment), or spending money they should be spending on things like food/rent/shoes for their kids. Neither of those options are good for a local economy. Where I live in Canada the local horse track out by the airport has slot machines. And I am pretty sure there are no tourists driving out there to play the slots.
 
2014-08-21 11:47:19 AM  
I've been reading about this and watching the news, what is Christie doing about this? I can't assume its good when you are unofficially running for President to have your state lose thousands of jobs in the course of a month or 2
 
2014-08-21 11:48:10 AM  

eagles95: I've been reading about this and watching the news, what is Christie doing about this? I can't assume its good when you are unofficially running for President to have your state lose thousands of jobs in the course of a month or 2


He's going to blame it on union pensions.
 
2014-08-21 11:50:20 AM  

Gulper Eel: Leave it to New York to jump on the casino bandwagon just as it's about to go off a cliff.


Same for Massachusetts - now it feels like it is just going to be an FU to Rhode Island and Connecticut.  Then NH will make one and the circle of stupid will continue..

/unless the voters decide to scrap everything in November
//although I think if done properly, Revere could be good location for outside of Boston concert stuff
///which of course would pull stuff away from Boston and from Lowell
 
2014-08-21 11:56:06 AM  

RexTalionis: eagles95: I've been reading about this and watching the news, what is Christie doing about this? I can't assume its good when you are unofficially running for President to have your state lose thousands of jobs in the course of a month or 2

He's going to blame it on union pensions.


My bad....always the unions fault. Can he have his good friend Bruce Springsteen give that message too
 
2014-08-21 11:56:32 AM  
Everything dies, baby, that's a fact. But maybe everything that dies someday comes back.
 
2014-08-21 12:07:34 PM  

Marcus Aurelius: Philadelphia's casinos were the last nail in the coffin.  The gambling market is only so large, and it only thrived as long as Vegas and Atlantic City had all the action.

It was the last, but definitely not the first. AC has always been a pit, but people put up with it because it was either that or fly to Vegas. The casinos charge for parking, which is supposed to fund revitalization of the city, but the city is still a hole. And they have always treated players like dirt.

The last time I willingly gambled in AC, I was at Taj Mahal (or Trump Plaza, can't recall) and the pit boss changed the table limit with 1 hand's notice, effective for all players. In Nevada (and many other places) once you're seated at the table, you can play at the old limit as long as you want. They also give up to 30 minutes' notice.

I also once belonged to Bally's players club. After multiple lengthy visits, all they sent me was coupons for $2.50 cash back if I came up there on the bus. The same level of action in Vegas got me a 3-night stay at MGM Grand.

AC was the ultimate example of corporate greed and treating the customer poorly. They were taking in $6 billion a year in profit and acted like misers. Well, the tide turned on you and no one has your backs. Reap what you sow.
 
2014-08-21 12:09:41 PM  
Even Vegas seems to be pushing gambling off to the side.  They seem to be more into shopping, shows, and other entertainment.
 
2014-08-21 12:10:29 PM  
I haven't been to AC in years (I left New Jersey in 1999), but even back then it was obvious that the parts of the city away from the casinos really weren't seeing much benefit from the casinos. It was the same decaying mess that it had been before Resorts International opened in 1978.

So as the casinos close down, I expect that the boardwalk will just go back to looking like the rest of the city.
 
2014-08-21 12:21:47 PM  

grokca: [metrouk2.files.wordpress.com image 466x310]

It's been done.


Well, you're half-way there...
 
2014-08-21 12:30:28 PM  
I was a youth when Atlantic City went with gambling, and it had no visible effect on Las Vegas, then came the proliferation of "Riverboats" and "Indian Tribe" casinos, and they all made a bunch of bucks, and I've been wondering with the lotteries and all this gambling, when a saturation level would be reached - the question is, before all this gambling was legal, where did people spend the money they now gamble away?  Never been able to figure it out.

Anyway, Reno has been losing Casinos for a while now, it's possible we have seen Peak Gambling.
 
2014-08-21 12:32:25 PM  

eagles95: I've been reading about this and watching the news, what is Christie doing about this? I can't assume its good when you are unofficially running for President to have your state lose thousands of jobs in the course of a month or 2


He tried desperately to do what he could to keep things going, but as others have mentioned not much is going to help when the industry is now competing with other states where they previously had exclusivity.

Maybe he shouldn't have tried at all.
 
2014-08-21 12:33:17 PM  

Earguy: Before casinos opened:  "Dear lord, we pray to you that you will use your power to defeat the evil dens of sin, vice, intemperance and iniquity so our community will be saved."

Now that casinos are closing: "Dear lord, we pray to you that you will use your power to restore the evil dens of sin, vice, intemperance and iniquity so our community will be saved."


It worked the first time, why not now.
 
2014-08-21 12:37:50 PM  
Nucky couldn't even save AC now.
 
2014-08-21 12:40:08 PM  
Didn't they get a judge to approve multi-million dollar bonuses for all the execs for their decision to "TRY" to sell the casinos instead of shutting them down?
 
2014-08-21 12:57:25 PM  

Cybernetic: I haven't been to AC in years (I left New Jersey in 1999), but even back then it was obvious that the parts of the city away from the casinos really weren't seeing much benefit from the casinos. It was the same decaying mess that it had been before Resorts International opened in 1978.

So as the casinos close down, I expect that the boardwalk will just go back to looking like the rest of the city.



Recently there have been improvements to the area.  There's a huge outdoor shopping area a couple blocks off the boardwalk that was done very well.  The area just couldn't be a 'resort' town because the weather doesn't really lend to it, and it never developed into a really great nightlife place outside of a couple of casinos.
 
2014-08-21 01:14:40 PM  

Slam Bradley: Gulper Eel: Leave it to New York to jump on the casino bandwagon just as it's about to go off a cliff.

Same for Massachusetts - now it feels like it is just going to be an FU to Rhode Island and Connecticut.  Then NH will make one and the circle of stupid will continue..

/unless the voters decide to scrap everything in November
//although I think if done properly, Revere could be good location for outside of Boston concert stuff
///which of course would pull stuff away from Boston and from Lowell


I really hope voters say no casinos.  But if they say yes, just keep it in Revere.  That place really can't much worse.
 
2014-08-21 01:41:45 PM  

monoski: Not sure god would ever approve of gambling. Just sayin they might want to try praying to Buddha, aka the governor.


Praying is just like gambling (willfully defying the odds in hope of a huge payout), so maybe he does?
 
2014-08-21 02:32:26 PM  

bmwericus: I was a youth when Atlantic City went with gambling, and it had no visible effect on Las Vegas, then came the proliferation of "Riverboats" and "Indian Tribe" casinos, and they all made a bunch of bucks, and I've been wondering with the lotteries and all this gambling, when a saturation level would be reached - the question is, before all this gambling was legal, where did people spend the money they now gamble away?  Never been able to figure it out.

Anyway, Reno has been losing Casinos for a while now, it's possible we have seen Peak Gambling.


Thats what I was wondering as well, with the states around NJ now having casinos NY,PA, MD, DE hell even WV I am not suprised by the closings. I think My state Maryland is being dumb they have 2 casinos open now one will open on the 25th and another in 2 years outside of DC. With the over saturation how long will they last? I saw the pictures of what the one outside DC will look like. It is pretty cool almost Vegas like in its design. Right now I know Maryland Live in Hanover is recruiting AC casino employees to come work there.
 
2014-08-21 03:36:31 PM  

bmwericus: I was a youth when Atlantic City went with gambling, and it had no visible effect on Las Vegas, then came the proliferation of "Riverboats" and "Indian Tribe" casinos, and they all made a bunch of bucks, and I've been wondering with the lotteries and all this gambling, when a saturation level would be reached - the question is, before all this gambling was legal, where did people spend the money they now gamble away?  Never been able to figure it out.


A few year back I had a great aunt die, who lived in a 1 bedroom, 1 bathroom house and grew most of her own vegetables as well as raised rabbits for meat as well. Her husband worked for 40 years of his life at an average paying job and made very conservative stock investments in utilities, but little else. He died at 90. She died at 100. They went dancing every weekend they were married until nearly the very end of his life and she continued gardening well into her mid 90s but they never purchased conveniences like microwaves/cable tv/Internet, etc. Their car was more than 20 years old and they still loved it. She had an inheritance of 1 million plus in her accounts, mostly from the stocks purchased and split over half a century, that no one realized was there until after the will was read. It still boggles the mind.
 
2014-08-21 04:41:24 PM  
What was the name of that good strip joint down there? That's still open, right?
 
2014-08-21 04:48:16 PM  

pkellmey: bmwericus: I was a youth when Atlantic City went with gambling, and it had no visible effect on Las Vegas, then came the proliferation of "Riverboats" and "Indian Tribe" casinos, and they all made a bunch of bucks, and I've been wondering with the lotteries and all this gambling, when a saturation level would be reached - the question is, before all this gambling was legal, where did people spend the money they now gamble away?  Never been able to figure it out.

A few year back I had a great aunt die, who lived in a 1 bedroom, 1 bathroom house and grew most of her own vegetables as well as raised rabbits for meat as well. Her husband worked for 40 years of his life at an average paying job and made very conservative stock investments in utilities, but little else. He died at 90. She died at 100. They went dancing every weekend they were married until nearly the very end of his life and she continued gardening well into her mid 90s but they never purchased conveniences like microwaves/cable tv/Internet, etc. Their car was more than 20 years old and they still loved it. She had an inheritance of 1 million plus in her accounts, mostly from the stocks purchased and split over half a century, that no one realized was there until after the will was read. It still boggles the mind.


How long did it take you to blow through the inheritance on whores?
 
2014-08-21 05:09:16 PM  

Debeo Summa Credo: How long did it take you to blow through the inheritance on whores?


Hey, let's try to be nice to Lindsay. She just got out of rehab.
 
2014-08-21 05:23:44 PM  

TheSelphie: Slam Bradley: Gulper Eel: Leave it to New York to jump on the casino bandwagon just as it's about to go off a cliff.

Same for Massachusetts - now it feels like it is just going to be an FU to Rhode Island and Connecticut.  Then NH will make one and the circle of stupid will continue..

/unless the voters decide to scrap everything in November
//although I think if done properly, Revere could be good location for outside of Boston concert stuff
///which of course would pull stuff away from Boston and from Lowell

I really hope voters say no casinos.  But if they say yes, just keep it in Revere.  That place really can't much worse.


I'm voting no.  Casinos are a loser for the state.
 
2014-08-21 05:44:15 PM  

RexTalionis: clancifer: Well, I'm sure prayer will work perfectly this time.

They're desperate people with not many other options in the region. Many of them are my friends and family.


As they are desperate, they should at least be doing something that will have actual results.
 
2014-08-21 06:01:08 PM  

Close2TheEdge: TheSelphie: Slam Bradley: Gulper Eel: Leave it to New York to jump on the casino bandwagon just as it's about to go off a cliff.

Same for Massachusetts - now it feels like it is just going to be an FU to Rhode Island and Connecticut.  Then NH will make one and the circle of stupid will continue..

/unless the voters decide to scrap everything in November
//although I think if done properly, Revere could be good location for outside of Boston concert stuff
///which of course would pull stuff away from Boston and from Lowell

I really hope voters say no casinos.  But if they say yes, just keep it in Revere.  That place really can't much worse.

I'm voting no.  Casinos are a loser for the state.


I think I'm a no as well
 
2014-08-21 06:24:47 PM  

Slam Bradley: Close2TheEdge: TheSelphie: Slam Bradley: Gulper Eel: Leave it to New York to jump on the casino bandwagon just as it's about to go off a cliff.

Same for Massachusetts - now it feels like it is just going to be an FU to Rhode Island and Connecticut.  Then NH will make one and the circle of stupid will continue..

/unless the voters decide to scrap everything in November
//although I think if done properly, Revere could be good location for outside of Boston concert stuff
///which of course would pull stuff away from Boston and from Lowell

I really hope voters say no casinos.  But if they say yes, just keep it in Revere.  That place really can't much worse.

I'm voting no.  Casinos are a loser for the state.

I think I'm a no as well


Oh yeah I'll definitely vote no as well.  We don't need that shiat.
 
2014-08-21 06:58:59 PM  
As someone that grew up in Central New Jersey and still resides there, I've never been to Atlantic City.  I have no desire for gambling.  I don't find entertainment in risking money at a table, cards, or in a machine.  The closest I've come to any length of "gambling" is hours of Blackjack in Fallout New Vegas (in my Naughty Nightwear, of course).  I've blown $5 in slots at a Seneca casino in Niagara Falls, NY.  If I never gamble again, I won't feel like I've lost anything.  I guess there's not enough people that feel terribly different from me to keep these places afloat.

/For that matter, I've been to the Jersey Shore less than I can count on two hands.
 
2014-08-21 07:13:18 PM  

Debeo Summa Credo: pkellmey: bmwericus: I was a youth when Atlantic City went with gambling, and it had no visible effect on Las Vegas, then came the proliferation of "Riverboats" and "Indian Tribe" casinos, and they all made a bunch of bucks, and I've been wondering with the lotteries and all this gambling, when a saturation level would be reached - the question is, before all this gambling was legal, where did people spend the money they now gamble away?  Never been able to figure it out.

A few year back I had a great aunt die, who lived in a 1 bedroom, 1 bathroom house and grew most of her own vegetables as well as raised rabbits for meat as well. Her husband worked for 40 years of his life at an average paying job and made very conservative stock investments in utilities, but little else. He died at 90. She died at 100. They went dancing every weekend they were married until nearly the very end of his life and she continued gardening well into her mid 90s but they never purchased conveniences like microwaves/cable tv/Internet, etc. Their car was more than 20 years old and they still loved it. She had an inheritance of 1 million plus in her accounts, mostly from the stocks purchased and split over half a century, that no one realized was there until after the will was read. It still boggles the mind.

How long did it take you to blow through the inheritance on whores?


One night, but she was one hell of a whore
 
2014-08-21 08:40:53 PM  

bmwericus: was a youth when Atlantic City went with gambling, and it had no visible effect on Las Vegas, then came the proliferation of "Riverboats" and "Indian Tribe" casinos, and they all made a bunch of bucks, and I've been wondering with the lotteries and all this gambling, when a saturation level would be reached - the question is, before all this gambling was legal, where did people spend the money they now gamble away? Never been able to figure it out.


Peak Gambling?  Wanna Bet?  But seriously, in some parts of the country (WV included) they haven't gotten the message.  They see revenue reports from years ago and think they can make the same amount, not realizing they are splitting a finite pot.  They pass it off locally(either intentionally maliciously or out of ignorance) as an untapped revenue stream, even though they don't manage the lottery revenue very well.  Somehow the business interests always pass it off as good for business and get tax breaks for it too.

Lastly many places now have "video poker slots" which aren't supposed to be gambling (because it's supposed to be entertainment with no expectation of a return if you win), but most places really do pay out, so it dilutes the gambling pool that much more.
 
2014-08-21 09:41:14 PM  

RexTalionis: clancifer: Well, I'm sure prayer will work perfectly this time.

They're desperate people with not many other options in the region. Many of them are my friends and family.


Well, if it weren't for the mafia, the unions (but I repeat myself) and the corrupt politicians, one would think the region is ripe for a large scale manufacturing facility.

A big automaker, GE, or hell even Apple could consider taking advantage of the labor glut, and give these folks a chance to stay in the area which, if you pay attention, is actually quite beautiful.

Alas this is NJ and nobody in their right mind would consider that.

Maybe houses in Brigantine are about to get cheaper. As I said, it is very nice down there.
 
2014-08-22 01:01:28 AM  
Chris Christie is rarely in the state anymore.He's too busy running for President.There's also talk of putting a casino in North Jersey, sounds like a brilliant idea.
 
2014-08-22 06:38:25 AM  

Cybernetic: I haven't been to AC in years (I left New Jersey in 1999), but even back then it was obvious that the parts of the city away from the casinos really weren't seeing much benefit from the casinos. It was the same decaying mess that it had been before Resorts International opened in 1978.

So as the casinos close down, I expect that the boardwalk will just go back to looking like the rest of the city.


AC has never really seeing much benefit from the casinos.

The boardwalk has always looked like the rest of the city.

The difference between Vegas and AC is that you have to go through the ghetto to get to the casinos in AC and because a majority of the casinos back to the boardwalk, you have the homeless and other cretons begging for money outside the doors.

The only things public in Vegas are the sidewalks and the over street walkways.  There are no homeless begging for money at the front or rear doors of the Bellegio.

AC built the outlet stores between the train station and Ceasar's.  Nice idea, but who is going to walk from the parking garage of Caesar's to the train station at night at midnight or later, after a show?    The stores close 9-10 pm, and then the cops patrol other areas.  The trains have crappy schedules, so if you miss a train, you get to wait at least 90 minutes for the next one.

In Vegas you can get a hotel room on the Strip during the week (Sun-Thurs) for $50.  On the weekend (Friday and Saturday night), it's $110-$150.  In AC, you can't touch a hotel room on the wekend for under $250.  And that's not because revenues are down.  That's always been the case.

I don't really gamble, but I'd rather fly 5 hours to Vegas than drive 60 mintues to AC.

FU AC.
 
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