It’s happening at Atlantic City Hotels and Casinos

There is talk about recession and slump everywhere in Atlantic City, and for that matter, most places in the continental United States. Hey hey, take a break though. Most of us that have been around for a while, know that this kind of slump happens every once in a while due to certain issues. We all saw the dot com bust in the early 2000’s. Many of us still remember the slump of the late 80’s and the real estate breakdown in the early 90’s. We always recover and we will, this time as well. It’s only a question of how soon. And the more positive we stay as Atlantic City residents, the sooner we will get out of it. We can do it together and we will!

There are some pretty good news out there that noone seems to focus on. PressofAtlantcCity.com reported recently:

Boardwalk Hall improved from being the No. 1 venue of its size - between 10,001 and 15,000 seats - in North American last year to being the top venue of its size in the world this year, according to Billboard magazine. Sold-out shows during the past year included Jay-Z, Celine Dion, Madonna, Carrie Underwood with Keith Urban and the most heavily attended concert since the renovated hall reopened in 2001, 14,591 people at the Jimmy Buffet concert in August.

That is no small thing in my opinion. That was a historic achievement and we should all celebrate it. Shows during the New Year’s eve were all jam packed and sold out. That is signs that people are perhaps over-reacting to the recession story this time. Many got away Scot-free during the real estate melt-down and those people still continue to spend. Many businesses are actually using the recession to their advantage and actively marketing their products to the market while their competitors are holding back.

NBC reported recently:

A newly formed coalition has found a way to attract new markets and visitors- by air. The South Jersey Transportation Authority is pumping millions of dollars into expansion and airport improvements all in an effort to make Atlantic City a destination resort.

While some airports around the United States are pulling flights and decreasing service due to the recession, Atlantic City International Airport is doing just the opposite. “Out of catastrophe walks opportunity so there’s some good opportunity for ACY and all the stake holders,” said Executive Director of the South Jersey Transportation Authority, Bart Mueller.

I recently read this report that had a whole bunch of rescission tips and tricks for small businesses that I thought I should share with the rest of you in one of our next posts.

Filed under: AC Buzz |