The Most Ambitious Casino In Atlantic City Could Be In Trouble

[FarCenter]

The Revel Casino opened in early April to great fanfare. The $2.6 billion dollar resort, backed with a $261 million tax credit by Governor Chris Christie, was supposed to help revitalize Atlantic City by providing appealing alternatives to non-gaming visitors.

Suzette Parmley of the Philadelphia Inquirer reports that just a few months later, the casino is falling well short of its revenue targets.

The casino booked $17.5 million in gaming revenue in July. According to the Inquirer report, Revel needs around $25-30 million just to pay its bonds and remain solvent.


Read more: http://www.businessinsider.com/revel-casino-financial-problems-2012-8

Chris Christie boondoggle in Atlantic City. The state of NJ should stop pandering to the casino operators in Atlantic City and open a casino in the Meadowlands where it might suceed in competition with NY and PA casios. They should also allow slots at the horse tracks.

[Panasonic]

1. I'm going to NY

and might think about heading over to Atlantic City, but my biggest question of the day is this:

Is there some casino a LOT closer that has poker, blackjack, all the table games? - I'll be in Brooklyn in three weeks, staying for a week.

[FarCenter]

2. Aqueduct and Yonkers tracks have slots and "electronic table games"

Closest card games are the Sands in Bethlehem, PA. But that is part of the Adelson empire.

http://www.pasands.com/pennsylvania-casino/gaming/

Mount Airy casino in Mount Pocono, PA is a little farther.

http://mountairycasino.com/play/casino/table-games/

http://en.wikipedia.org/wiki/List_of_casinos_in_New_York
http://en.wikipedia.org/wiki/List_of_casinos_in_Pennsylvania

[Bonhomme Richard]

3. There are also the big Indian casinos in CT n/t

[JackRiddler]

4. Slots shouldn't be allowed anywhere.

I don't care that people want to lose their money. No one should be allowed to set up fraudulent schemes, not even when the suckers are willing.