CityBOOM : Atlantic City 2.0 - Page 2

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

Wynn : EastCoastCockteasr

» posted by Chuckmonster
on 30 Nov 1999

Steve Wynn. Artist, legend, billionaire and now EastCoastCockteasr.

Unless you've been under a rock (which, judging by the frequency of CityBoom posts over the last six months, you may assume we have been) you have doubtless heard of Mr. Wynn's pre-coital flirtations with the stalled Foxwoods Philly project that resulted in a typically abrupt pull out yesterday.

Faster than you can say "booty call speed dial," Revel, recently served divorce papers by majority stakeholder Morgan Stanley, found itself splashed all over the casino guessing game gossip pages. Journalists from the Denver Post to the Wall Street Journal all mentioning that Wynn might very well to take the distressed property to the wedding chapel (and Morgan Stanley to the cleaners.)

Another day, another jilted lover. Not only is Wynn not interested in Revel, he isn't interested in Atlantic City - at all - so sayeth Wynn VP of PR Jennifer Dunne:

We typically would not comment on rumors but given the amount of speculation, I can confirm that Wynn has no intention of investment or involvement in any project in Atlantic City.

Sayonara Wynn Revel, Wynn Bader Field, Wynn Boydgata, and Wynn Le Jardin.

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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.

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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.

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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!

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