Showing posts with label press of atlantic city. Show all posts
Showing posts with label press of atlantic city. Show all posts

Monday, June 07, 2010

He even got a big check!

The Trump Taj Mahal bad beat was hit on Sunday night ending the largest bad beat in Atlantic City history.

The Press of Atlantic City has an article with a photo of the man holding a large check inside the poker room. I hope he left with it.

The bad beat was quad sevens beat by quad aces in a $2/$4 limit game.

Congratulations to John Bazela who won.

However, the part that struck me was the last paragraph.

But every gambling story has to have one loser, and everyone knows it's not the house.

Shortly before Bazela struck the untraditional jackpot, Beverly Joskowitz, of Bayonne, Hudson County, left her spot at the table to grab a quick bite to eat. Twenty minutes later, she returned to the mob scene around her table. She had missed being a part of history, and more importantly, she was out more than $24,000.

"My stomach went to the floor," she said upon hearing the news. "It's still there. I haven't picked it up yet."

I feel sick for her. That's a terrible way to find out that you lost your share of roughly $24,000. Imagine sitting there for hours on end and then that happened.

I know someone who was sitting on this game and I intend to find out if Joskowitz was given any money by the other players on the game. There have been tables that make a pact with each other that if someone is in the bathroom or grabbing food, they are still going to get their share of the money.

From the sounds of it, this was not that kind of table.

Saturday, August 30, 2008

Another casino delays construction (MGM)

Another casino company is delaying construction. I will have more of an opinion on this later, but here is the article from The Press of Atlantic City. (Check out the sidebar for more information on the petition mess with the Revel casino project.)

MGM to delay start of Atlantic City casino project until 2009
By DONALD WITTKOWSKI Staff Writer, 609-272-7258
Published: Saturday, August 30, 2008

ATLANTIC CITY - Tight credit markets will force gaming giant MGM Mirage Inc. to postpone construction until 2009 on an Atlantic City resort that would mimic a multibillion-dollar casino and hotel development in Las Vegas.

Despite a delay in getting started, the company still hopes to complete the estimated $5 billion MGM Grand Atlantic City development by the previously announced 2012 grand opening, spokesman Gordon M. Absher said.

MGM will use the extra time to refine its designs and streamline the construction schedule to contain costs, though there are no plans to downsize the project.

"We're still enthusiastic and confident about the Atlantic City market. The project has not changed or been downscaled," Absher said Friday.

Absher confirmed what gaming analysts have been predicting for weeks - MGM will focus on completing the financing for its massive $9.2 billion CityCenter project in Las Vegas and take another year or two before breaking ground in Atlantic City. CityCenter has served as the inspiration for the Atlantic City project, although the Las Vegas development would be larger.
MGM is getting closer to working out the final financing for CityCenter, but the global credit crisis means the company will have to be patient to secure additional funding for Atlantic City, Absher said.

"The banks just aren't lending money, and these projects obviously require financing," he said. "It is a matter of the financial institutions being tight with money."

Casino companies have been delaying or killing projects outright in Las Vegas and other gaming markets because of the difficulties of borrowing money during the economic downturn. In Atlantic City, Pinnacle Entertainment Inc. previously announced it would hold off on redeveloping the old Sands Casino Hotel site for a megaresort, and the Atlantic City Hilton Casino Resort has delayed a proposed billion-dollar expansion.

Jeffrey Vasser, executive director of the Atlantic City Convention & Visitors Authority, said MGM's delay underscores the nationwide casino construction slowdown rather than exposing any particular problems with the Atlantic City market.

"This is more of a macro situation that we're facing," Vasser said. "When you look at the Las Vegas expansion projects, the Las Vegas properties are stopping in their tracks as well. I don't view it as any reflection on Atlantic City's growth."

MGM announced its project last October, before the credit markets tanked and while casino operators still were going gangbusters to build the industry's newest must-see attraction. At that time, the company said it would start construction in 2008 on a $4.5 billion to $5 billion complex featuring Atlantic City's largest casino and tallest building.

The project would include three hotel towers totaling more than 3,000 rooms, a world-class spa, a convention center and 500,000 square feet of upscale retail shops, restaurants and entertainment. One of the hotels would soar 800 feet high, easily dwarfing any other building in town. MGM's proposal for 280,000 square feet of gaming space would give it bragging rights for Atlantic City's biggest casino floor.

The development is planned on a 72-acre site in the Marina District next to Borgata Hotel Casino & Spa, which MGM co-owns with Boyd Gaming Corp. Approximately 60 acres would be used for the casino resort, with the remaining 12 reserved for future development, possibly posh condominiums, the company said.

Absher stressed that while no construction will be done this year, the company is moving ahead with the planning and regulatory approvals for the project. One key piece of the regulatory process is MGM's pending application for a Coastal Area Facilities Review Act construction permit from the New Jersey Department of Environmental Protection.

MGM also anxiously awaits the findings of a lengthy New Jersey Division of Gaming Enforcement investigation into its partnership with the eldest daughter of Asian gaming mogul Stanley Ho for a new casino in the Chinese gambling enclave of Macau. Critics claim New Jersey gaming regulators should deny the partnership with Pansy Ho because of her father's reputed ties to Asian organized crime. MGM repeatedly has said it is doing business only with Pansy Ho, not Stanley Ho.

"We're confident that when they complete the investigation that everything will be fine," Absher said of MGM's belief New Jersey will approve the Macau partnership.

It is not known when the DGE will wrap up its investigation and make its recommendation to the New Jersey Casino Control Commission for a vote. The commission must approve the Macau partnership because MGM holds a New Jersey gaming license. If the commission turns it down, MGM likely would have to cut its ties to Atlantic City to concentrate on Macau.

E-mail Donald Wittkowski:
DWittkowski@pressofac.com

Thursday, May 29, 2008

Trump Marina to Be Bought and Renamed

Since Trump Marina doesn't have poker, this doesn't really belong here, however, there are many people who find the goings on in Atlantic City interesting, including myself. This article is from The Press of Atlantic City and I am sure it will have more information regarding the sale starting tomorrow.

10 a.m. Update - ATLANTIC CITY (AP) — A New York gambling company is buying Atlantic City’s Trump Marina Hotel Casino for $316 million, and will rename it “Margaritaville,” the companies said Thursday.
Coastal Marina LLC, an affiliate of Coastal Development LLC, is buying the casino from Trump Entertainment Resorts. Trump Entertainment is the casino company founded by real estate magnate Donald Trump. After the sale, the company will have two remaining casinos in Atlantic City: The Trump Taj Mahal Casino Resort, and Trump Plaza Hotel and Casino.

“They are buying a wonderful building in a great location,” Trump said in a statement. “It has been an important part of our company with a loyal customer base and a dedicated team.”

Richard T. Fields, chairman of Coastal Marina, said the casino will take on a new identity once the sale closes. No timetable was given.

For more coverage, check for updates here and look in Friday's edition of The Press of Atlantic City.

Thursday, September 20, 2007

Sands to Light Up the Sky

The Sands implosion is set for Oct. 18. Here is the article from The Press of Atlantic City.


Donald Wittkowski
ATLANTIC CITY - The Sands Casino Hotel will come crashing down on Oct. 18 in a spectacular implosion that will light up the nighttime sky and give the Boardwalk some Las Vegas-style pyrotechnical pizzazz.

A six-minute fireworks display will build excitement before a series of controlled explosions rip through the 21-story hotel tower at 9:30 p.m. and bring it down in a giant cloud of dust and debris.

The Sands was in business for 26 years, but its dramatic demolition will reduce it to rubble in mere seconds. The old gaming hall, which closed for good on Nov. 11, is being razed to make way for a new $1.5 billion megaresort by Las Vegas-based Pinnacle Entertainment Inc.

Pinnacle will borrow from some of the splashy, fireworks-laden implosions of recent years on the Las Vegas Strip to create a grand sendoff all but certain to draw large crowds to the beach and Boardwalk.

John Rogers


"There's something about implosions that people are just fascinated with, even if you're not into construction or demolition. It's fascinating to watch a building come down," Kim Townsend, chief executive officer of Pinnacle's Atlantic City operations, said during an interview Thursday in which she publicly revealed the Oct. 18 implosion date for the first time.
While old gaming halls are blown up on a semi-regular basis in Las Vegas, this will be the first casino implosion in Atlantic City. The resort town has not had an implosion since a handful of posh old Boardwalk hotels were cleared out in the 1970s to make room for the new generation of casinos - among them, the Sands.

The gaming hall opened on Aug. 13, 1980, as the Brighton Hotel & Casino, switching to the iconic Sands name of Las Vegas fame the following year after a change in ownership. The Sands hit its stride in the 1980s and early '90s by catering to high rollers and bringing big-name entertainers such as Frank Sinatra to its legendary Copa Room.

However, the tiny and antiquated casino became a relic. It failed to keep pace with the upscale amenities offered by the trend-setting Borgata Hotel Casino & Spa and a new wave of flashy expansion projects by its Boardwalk rivals.

Pinnacle will redevelop the Sands site for a new casino tentatively scheduled to open in 2011 or 2012. The complex is expected to include about 2,000 hotel rooms and 500,000 square feet of space for retail stores and restaurants in a mall-like setting. There will be another 250,000 to 400,000 square feet of space for the casino, conventions, an entertainment arena, a ballroom and a spa.

The old Sands, meanwhile, is already starting to resemble a bombed-out building. Contractors are reducing the superstructure to what essentially will be an empty concrete and steel shell for the implosion. The casino floor is long gone, the facade is being ripped apart and piles of demolition debris are being carted off by large dump trucks.

Pinnacle has decided to stage the implosion on a Thursday night to try to minimize disruptions, Townsend said. During the day, the surrounding area will be secured to prevent crowds from getting dangerously close. After the building is imploded, contractors will use the overnight hours to begin cleaning up debris in hopes of getting the city back to normal in time for morning rush hour.

"We thank the city of Atlantic City and New Jersey state officials for their support and cooperation in ensuring the success, excitement and safety of this landmark event," Daniel R. Lee, Pinnacle's chairman and CEO, said in a statement.

Pinnacle has been working with the city's police and fire departments and the New Jersey Department of Labor on safeguards to protect adjacent landmarks from damage. Across the street from the Sands along Indiana Avenue are the historic Brighton Park fountain and the stately red-brick tower of the Claridge Casino Hotel, originally an elegant hotel dating to the 1920s.

Townsend said the Claridge is about 120 feet away from the Sands, giving Pinnacle's demolition contractors more than enough room to carry out the implosion without danger to the Claridge tower.

"These buildings come down sometimes within eight inches of each other in New York City," Townsend said of much more challenging implosions. "The Claridge is, quite frankly, far away and out of the range of any concerns."

R.E. Pierson Construction Co. is serving as general contractor for the Sands' demolition. Controlled Demolition Inc. will place the explosives and be responsible for the implosion. CDI previously imploded the Stardust, Aladdin, Dunes and Sands casinos in Las Vegas.

Fireworks by Grucci, billed as "America's first family of fireworks," will stage the pyrotechnics preceding the Sands' implosion. Grucci created the elaborate fireworks displays that accompanied the grand openings and special events at Steve Wynn's Las Vegas casinos.
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