Wednesday, February 27, 2008

Pinnacle May Not Come To AC After All

I found this out pretty early in the day, but I was busy talking about Cecil Fielder becoming to the new Atlantic City Surf manager to put up a post about this. However, it's 4:30 a.m. and sleeping is just overrated.

Pinnable may not be coming to Atlantic City after all. You can't drive anywhere in the area without seeing the silly billboards:

"You know what this town could use?"

Apparently, the answer is another empty lot. Pinnacle has pushed back the date of building the casino to sometime late next year. But .. and there is a but .. but, they could pull out of the deal altogether if the market doesn't improve.

"I've been asked by a number of people, 'How the hell are you going to build in Atlantic City?' The answer is, if the credit markets don't improve, we won't build," Pinnacle Chairman Dan Lee said during a conference call with gaming analysts to The Press of Atlantic City.

Awesome. So you buy a casino, take jobs away and then tear it down. Savvy business move on their part. I can't wait to see what else they have in store.

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