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Boutique casinos on the way.

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New Jersey
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Boutique casinos on the way.

NJ Gov Christie signed the law creating two small casinos in AC. Hard Rock has previously stated they wanted to build one at Albany and the Boardwalk. I hope things go well. It can help create some jobs and maybe bring more business to the Hilton.

NJ
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1. Re: Boutique casinos on the way.

Sorry but this is someones BS political agenda.

If the 11 current casinos are struggling creating two more only makes things worse for everyone. If anything removing two or three casinos would improve the economics of the current situation.

Do you guys really think that opening up a "Hard Rock" casino will cause a Borgata like rush (2003) with major growth for years?

If you do you are severely misguided.

I realize that these boutiques may not open for years;

but adding competition to a market that already has too much makes no sense.

Pittsburgh
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2. Re: Boutique casinos on the way.

I like the idea. Even though the economy is down, it could re-bound by the time these places open. AC doen't have much to offer when it comes to nightlife, a place like the Hard Rock would fill that void. More rooms to fill means better rates for us. Right now the $300 + on friday & saturday nights is a total turn off to me. No way would I ever pay that rate for a room in AC when I could do 4 nights at Vegas for the same room rate. By the way, Vegas is also hurting but that's not stopping them from opening new hotels.

baltimore
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3. Re: Boutique casinos on the way.

yes they shouldnt relax any govt regulations and see what happens.only the gov can create jobs now.like maybe spend 50 billion and build something with a name like pilosi luxury resort.dig a hole in the sand and then dont complete it.but digging the hole would still create some jobs

new york
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4. Re: Boutique casinos on the way.

Yeah, according to 2 previous NJ governors it is scary what might happen with this latest political agenda. It does seem foxes are gearing up to take over the henhouses.

nj.com/news/index.ssf/2011/01/atlantic_city_…

RI
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5. Re: Boutique casinos on the way.

Building a new casino hotel near the Hilton is a good thing, and may provide the incentive for the LV Golden Nugget to buy the Hilton. Without spending $Billions, the south end of the boardwalk can become far more attractive to the AC visitor and investor. Also, a $300 room rate for a Saturday night becomes $75-$100 when 3 or 4 21-35 year olds share a room.

New Jersey
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6. Re: Boutique casinos on the way.

Hard Rock's hotel is said to be valued at $450 million which will help the tax ratables in AC, the construction business which has been hurting since revel stopped building and once completed there will be some jobs for casino employees who have been layed off. I can't help but believe this will help the area.

Work, Beach or...
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7. Re: Boutique casinos on the way.

I hope they are allowed to put in a HUGE sports book! And, a Pink Taco!!

LuvBreezes

Philadelphia/Atlanti...
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8. Re: Boutique casinos on the way.

This is only a cut & paste of an old post[s] of mine:

I know there are a 'blank spaces' on the boardwalk that don't have a big enough footprint for the 500 room minimum hotel that is required for a casino. And a boutique casino could fit into more than one of these 'blank spaces'. For example, HardRock wants to build down by Albany Ave. There is a parking lot and empty waterfront lot just sitting there undeveloped. A 200room boutique casino will fit here.

>>Anyone recall when there was a proposal to physically move the Knife & Fork to a new location<< pressofatlanticcity.com/blogs/carla_linz/art…

excerpt: 'The good news is that the Knife and Fork restaurant and the World War I monument are staying put'

Link to WWI Memorial http://dcmemorials.com/index_indiv0006492.htm includes 2 nice pics of her perky bronze rack

NY
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9. Re: Boutique casinos on the way.

Got to agree with C-SRT8 on this one. Not to mention that funding to get the Revel finished seems to be an issue so how are companies going to find funding to build from scratch when an almost complete place cannot get funding?

Christie would have done AC a service by cutting some of the room taxes. Put in as an example a Premium room at Caesars on Jan 22:

SAT 01/22/2011 $349.00

Subtotal: $349.00

Fees: $10.00

Taxes: $48.86

Grand Total: $407.86

Daytona Beach...
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10. Re: Boutique casinos on the way.

I hope it helps the area also - for one thing the casinos may be feeling the competition from nearby states but all I see is them complaining of declining revenue not trying to do anything about it... maybe with the casinos being "forced" to have the competition right in their same city, we will see some positive changes.

Lower the rates of those rooms - sure if you get comped rooms this doesn't apply to you, but I'd like to see cheaper Saturday nights.. start sending coupons for food to everyone..put them in the paper like they use to... loosen the machines - sometimes you get no play at all.. give people a reason to come to AC...