BOARDWALK UPDATE:
Now that the Revel deal has finally closed, and Straub has made a bid to takeover the Showboat from Stockton College, and Trump Entertainment got the go ahead from its bankruptcy judge to reorganize pending the Union's lawsuit, does it really help Atlantic City?
http://finance.yahoo.com/news/deal-c...162310575.html
http://finance.yahoo.com/news/straub...215556074.html
http://finance.yahoo.com/news/judge-...214827462.html
Does any one care?
Will jobs be saved and created?
Do we need the return of additional casino gaming space?
Do we need NEW B&M POKER ROOM(s)?
Do we need additional Hotel Rooms to make a few more comp rooms available?
Answering that, the big question will be Timing. When will any or all these changes impact the Boardwalk?
We all know that a Critical Date is May 22nd, the Friday before Memorial Day when demand for rooms usually increase.
That is only 45 Days away, and there is no physical way to open the doors of the Revel or Showboat Hotel rooms is there? A casino opening would be much farther away?
This will be a test to see how Atlantic City tourist trade in high season will be impacted with Revel, ShowBoat and the Trump Plaza's 3,636 rooms not being available for the first summer.
As it stands, if you are an AC regular and tourists continue to come for the summer sun and sand, rooms will be in short supply and the slots and tables will be busy.
And.... will the remaining Casino/Hotels take advantage by raising rates, offering fewer comps, especially on weekends when they will be fully booked?
Suggestion: Book Early if you are planning to go to the AC shore this summer or expect to get a hotel outside the city.