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CityBOOM : Atlantic City 2.0

Tracking the progress of Atlantic City 2.0 : if it happens, that is.

Pinnacle Officially Abandons Atlantic City Casino Project


» posted by Chuckmonster
  on 5 Feb 2010


Bloomberg is reporting that Pinnacle Entertainment has officially decided to tap out on its disastrous attempt to build a luxury casino atop the former Sands Atlantic City and surrounding parcels.

...due to the continuing economic downturn of the gaming market in Atlantic City as the result of other competing markets, primarily Pennsylvania, as well as the continued deterioration in commercial real estate values in the area

Don't let the door hit your ass on the way out.

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Pinnacle Atlantic City CEO Abandons Ship

» posted by Chuckmonster on 16 Oct 2009

The CEO of Pinnacle Atlantic City, Kim Townsend, has packed her bags and moved to St. Louis where she will become the VP and General Manager of Lumiere Place according to The Press of AC.

She claims that her move does not mean that Pinnacle is walking away from Atlantic City. Just her. The boss of the project. From a CEO position at Pinnacle's "flagship" property, to a VP/GM role at a riverboat in St. Louis, albeit a really really nice one.









Wynn At The Big A?

» posted by Chuckmonster on 30 Jul 2009

In the Wynn Resorts earning call, Steve Wynn mentioned that they've designed and presented plans for a Wynn branded racino at The Big A, Aqueduct Raceway.

Wynn told the New York Post yesterday:

Racinos have never been my thing, but New York is New York.









New Feature Posted: Revel AC Photo Tour

» posted by Chuckmonster on 11 Jul 2009

Just a quick note to those tuned into the RSS and Twitter feeds that we've posted a new feature to the AtlanticCityTripping site, a full on photo tour of the construction at Revel.

Our deepest thanks go out to Tom M. who hooked up the killer photos during a recent trip to A.C.. Thanks again Tom - you rule!









The Donald Offers To Buy The Donald's Mess

» posted by Chuckmonster on 20 Jun 2009

Donald Trump, master of financial smoke and mirrors, has offered to buy Trump Entertainment Resorts Inc. out of bankruptcy.

Huh?









Tropicahna : Done Deal

» posted by Chuckmonster on 12 Jun 2009

One man's folly is to another man's $ale of the Century.

The long embattled Tropicana Atlantic City has been sold in New Jersey Bankruptcy Court to former Sands AC owner Carl Icahn for a paltry $200M smackers.









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Recent Comments:

nullzero00 posted: "nice job Pinochle - tear down a useable hotel and leave a flat piece of land in your wake. Who..."
» on Pinnacle Officially Abandons Atlantic City...
vzboyle posted: "Well, the company has finally issued a press release (one day ahead of a scheduled conference call) to announce the..."
» on Pinnacle Atlantic City CEO Abandons...
vzboyle posted: "STLtoday.com12.16.2009 1:01 pmGaming Commission clears Pinnacle’s former CEOBy: Virginia YoungPost-Dispatch Jefferson City BureauJEFFERSON CITY — Casino executive Dan Lee had..."
» on Pinnacle Atlantic City CEO Abandons...
vzboyle posted: "Just when you think it's over, in comes Beal with a bid. Now, does anyone really think Beal and..."
» on The Donald Offers To Buy...
vzboyle posted: "Townsend sailed out of town and Lee was thrown overboard by his own crew. And what a mess they left..."
» on Pinnacle Atlantic City CEO Abandons...
vzboyle posted: "Well, this nonsense is finally over. Trump threw in the towel. ..."
» on The Donald Offers To Buy...
vzboyle posted: "Well, who didn't know this was coming ? Oh, I know. All the reporters and gaming gurus who believe..."
» on Pinnacle Atlantic City CEO Abandons...
vzboyle posted: "Well,Trump went BK court and threw in 14 million to sweeten the pot for BH's. They refused, of course..."
» on The Donald Offers To Buy...



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