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Newsroom
 Atlantic City’s future: Q&A with redevelopment official John F. Palmieri Posted in: In The News on Friday, May 11, 2012 Atlantic City officials are hoping that the Revel resort will make enough of a splash to usher in a new era of tourism in their town. To help things along, they kicked off a $20 million rebranding effort last month that’s designed to bring more visitors to the seaside destination. Heading it up is John F. Palmieri, executive director of the Casino Reinvestment Development Authority, which uses casino revenue to help fund improvement projects in Atlantic City and across the state. New Jersey Gov. Chris Christie (R) tapped Palmieri to lead the agency last fall. New Jersey lawmakers last year also granted the authority power to manage planning and development in a special Tourism District that covers about half the city. continue reading   Internet gambling bill moves forward in NJ Posted in: In The News on Thursday, May 10, 2012 An Internet gambling bill being considered by New Jersey lawmakers could allow Atlantic City's casinos to take bets from people in other states or countries, although key details remain to be worked out. A state Assembly panel approved the bill Thursday with an amendment that would let New Jersey take out-of-state bets, as long as the New Jersey Division of Gaming Enforcement determines that doing so wouldn't violate federal law. A Senate committee approved a similar bill last month. Both measures now go for full votes in their respective chambers, though none were immediately scheduled. continue reading Atlantic City key to state's comeback Posted in: In The News on Monday, April 30, 2012 The new AC Tourism District has already piqued interest and investment. The $2.4 billion mega-resort Revel just recently opened and The Golden Nugget spent $150 million in upgrades. Borgata invested another $50 million to remodel their hotel rooms while Resorts and The Atlantic Club are also rebranding. This brings a new energy and excitement which should help ensure the future success of Atlantic City and our state. And the Atlantic City comeback has already begun. Just look at the most recent numbers for March: convention bookings, booked room nights, passenger car visits and overnight bus passengers are all up from a year ago. More people are visiting the welcome centers and going to the website to plan their trips to Atlantic City. These trends started before the new Revel opened. We’re encouraging visitors — both new and those who haven’t come in years — to come and play in Atlantic City because this is not your grandfathers’ or even your fathers’ resort anymore. With nearly $4 billion worth of potential customer spending identified by marketing analysts, we are spending $20 million this year and $30 million next year in full-press advertising campaign to rebrand and erase many of the pre-2003 perceptions of the old Atlantic City. It’s become a world-class destination on the cutting edge in dining, retail and entertainment. continue reading Pallone, LoBiondo push for sports gaming in N.J. Posted in: In The News on Friday, April 27, 2012 Two N.J. congressmen announced today they will work together to allow sports betting in the state. U.S. Reps. Frank Pallone, (D-6), and Frank LoBiondo, (R-2), touted their bipartisanship effort to expand sports gaming in New Jersey. They already had introduced separate bills dealing with the issue, which gained traction when a statewide ballot measure to allow sports gambling was approved last year. continue reading Atlantic City Alliance details just what ‘Do AC’ can do for A.C. Posted in: In The News on Wednesday, April 25, 2012 The Atlantic City Alliance on Tuesday put its $20 million “Do AC” promotion into context for business leaders, who hope to benefit from an expected boost in visitors. The newly formed alliance explained its first advertising campaign to the Greater Atlantic City Chamber with a multimedia presentation at the Sheraton Atlantic City Convention Center Hotel. “Who says the weekend has to be on the weekend?” asks posters plastered across target markets in Baltimore, Philadelphia and New York. “You’ve done the 60-hour workweek. Now do AC.” continue reading Borgata sees 23 percent increase in first-quarter operating profits Posted in: In The News on Wednesday, April 25, 2012 Borgata Hotel Casino & Spa posted strong earnings in the first quarter and is predicting it will retain its position as Atlantic City’s leading casino “for years to come,” despite the arrival of a powerful new competitor. Borgata’s net revenues were up 4 percent to $176.2 million and gross operating profits rose nearly 23 percent to $38.9 million compared with the first quarter of 2011, parent company Boyd Gaming Corp. reported Tuesday. The results marked the second straight quarter of double-digit gains in operating profits at Borgata. Boyd said increases in the first quarter were driven by strength in Borgata’s table games, hotel business, and food and beverage sales. Greater operating efficiencies were another factor. continue reading
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