Entries in the 'recession' Category

Atlantic City Gearing Up As The Economy Revamps

Atlantic City, located in New Jersey, is famous for its boardwalk, casino gambling rooms, lovely beaches, shopping centers, retail shops, and breath-taking views of the Atlantic Ocean. For these things, it is no wonder why people cannot stop visiting and pampering themselves at resorts to enjoy the pleasure this city provides. It home to three large malls for tourists, with various types of convenient transportation and the second best destination of professional gamblers.

Atlantic City is one of the most visited cities in the entire U.S. for entertainment and business purposes. Although the global recession has greatly affected the economy of Atlantic City in some ways, the place is still kicking and thriving. Although 11 of the city’s finest casinos have been experiencing an economic failure which includes Donald Trump’s Taj Mahal Casino & Resort and the Tropicana Casino & Resort, the country’s number two gambling destination is rising not due to bankruptcy but for continuous competitive business production.
Yes, you can still find all the extraordinary gambling venues. You can still indulge in luxury hotel rooms, soak in the sunset-view spas, have a taste of exclusive restaurants and the non-stop entertaining theater shows. People are obviously visible walking around the stylish walls and on brilliant floors of the casinos. Employees are busy taking care of luggage and stuff of their customers. Elite women and tuxedo dressed men are edging on hot seats of the casino.  Atlantic City has many delightful surprises to give its visitors.

One of the vice presidents of an extravagant hotel-casino said that there are more visitors and newcomers arriving each day. The number of tickets had enormously increased for viewing  some treasured music of great legends and that’s another reason why there are more shows produced throughout the city which shows that tourism is on the rise in Atlantic city.

Summer is the most popular get-away time for gamblers plus new players and site seers, however many of them visit throughout the entire year as well. During summer, live music shows appeal to many people. Who would ignore American Idols and worldly known pop stars like Kris Allen, Jimmy Buffet, Madonna, and more that are entertaining just a few feet away from your seat? Of course, you will have to run and get the VIP seat area. This is an ideal long weekend getaway destination that will amaze any individual. With so much to do and see it is a place you will keep you returning when you want to escape, relax and have fun.

Resorts, whatever the season, are still flooded by thousands of tourists, and you will find that the Hawaiian and Polynesian services are out of this world. One difference though is that the entertainment has changed in casino rooms. It is now held in a lovely area, which is known as the Boardwalk Hall.

There are several entertaining shows and offers, that are expected to come out this 2010. Bon Jovi is possibly going to come back for tour of his new released CD last November 2008. More new live entertainment shows will be produced for your pleasure. Planned new modernized facilities are already under construction with many new up and coming sites to see. In short, people are very much looking forward to the newly revived delights of Atlantic City. Book a getaway to see for yourself!

Image courtesy: http://www.clickatlanticcityhotels.com/harrahs_atlantic_city.html

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Walk With Dinosaurs This September At Atlantic City!

Mankind has always been curious about the history of the world, and with recent developments in archeology, more and more has become abundantly clear. What we have found is proof that a species dominated the earth longer than humans ever drew breath, and that species is dinosaur. This was a ferocious and terrifying species that ruled not through diplomacy and trade, but in some cases through fear and primal instinct. We are mystified by these species and we have done all that we can to learn more about them.

No doubt you have at some point seen the plethora of movies that have been made about dinosaurs. From time travelers in a bad movie, to a modern day tale of genetic experiments on an island in the middle of nowhere, dinosaurs have been a subject of both fascination and excitement for the young and old for many years and so far there is no evidence that is going to change any time soon. For this reason it was inevitable that dinosaurs would suddenly break onto the big screen.

Recently a total of ten million pounds was spent on an arena presentation of the cretaceous period in all it’s glory. This is presented to the public in an arena setting, meaning that the show will be displayed in a huge screen for your viewing pleasure. If you are a fan of dinosaurs or ever have been in the past then this will be a great experience for you to become closely acquainted with your favorite lizards from ages past.

You can experience this event from July all the way to august, so get ready to buy your tickets and take a trip into the past that you never would have thought possible. If this sounds like something that would interest you then you are quite in luck as you can find all the information you need regarding attending the shows online either at it’s official website or on the website of one of their many affiliates. This happens to be a huge event so you will no doubt be able to find someone that has decided to cover it!

Whether you are young or old, big or small, you will enjoy this presentation as it drags you through the creation of dinosaurs all the way to their humble end. No matter who you are, this is the show for you. So head online, or call your local box office for showtimes and prices. This is definitely one show you’re not going to want to miss.

If you do happen to miss one showing don’t be incredibly discouraged because chances are you will catch the next one! Not to mention it’s showing at many different places, so you aren’t going to experience overcrowding regardless of how popular the show happens to be. Just keep an eye out for showtimes and you’ll be able to get in on it in no time!

Image Courtesy : http://www.nj.com/news/index.ssf/2007/10/07-week/

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Atlantic City Today - When The Going Gets Tough…

YES, the tough get going..Atlantic City is not enjoying the best times ever, nobody contests that. At the same time, though, when the going gets tough, that’s when smart people take advantage of the weak markets to get going. At a time like this, most casinos cut thier marketing spending. That’s when the smarter go all out and acquire new customers for a fraction of what it would have cost them during peak competitive season. Haven’t they read about Warren Buffet. I know it’s easier said than done, but the way Atlantic City casinos are falling down like a stack of cards, it makes one wonder who picked their top executives. Our belief is that the best will thrive. People and businesses that truly have a good product and the ability to adapt to changing times and believe in what they do, will thrive. The problem is that public casinos these days are often led by Managers and executives that lack such drive. Perhaps they are more focused on their fat bonuses and short-term benefit than the longer-term success of the company. Sometimes I wonder whether small business owners are perhaps driven a lot more toward their businesses compared to executives at large corporations. The move from family and privately owned casinos to commoditized, consolidated casino companies, did bring with it benefit of equality and regulation but took away some of the ownership and pride from Atlantic City’s casinos.

The Press of Atlantic City reported that non-gaming revenue at Atlantic City is still rising despite gambling revenue being 7.6% down in recent months. We can only hope that the smart execs at these companies don’t follow Trump’s example and actually face the receission head on and come out ahead.

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Not all is lost at Atlantic City - The Beginning of the Bounce Back

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.

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Atlantic City Exodus Phenomenon

Atlantic City RecessionAtlantic City has definitely classed up a little bit over the last couple of months. With Ace performers frequenting the city for New Year’s, it feels like the good times are back. But the exodus phenomenon - decrease in population - is interesting, and a little bit of a concern. The city has lost the title of being the most populated municipality to Galloway and Egg Harbor townships, according to the census late this year. The prominent reasons are the recent casino-employee layoffs, which pushed too many people towards the mainland to seek employment. Subprime mortgages are also something to be blamed. 

Atlantic city which is possibly the best located casino hub in the entire world after the Macau, saw a slight increase in its total number of housing units, which happens to exceed the closest township by about 5,000 units. But the exodus has left more vacant housing. Surveys show nearly 23 percent of Atlantic City’s housing units vacant and renters occupy more than 70 percent.

 

A population of 40,000 residents but 34 million annual visitors makes the ratio subject to speculation. The city’s decline in residents is not likely to rebound soon until there are some major changes in the economic condition. However, going by the facts, Atlantic city hasn’t been much of a growing community. The population peaked once in 1930’s and has been on a decline since then. The lower population density on the other hand is a peculiar trait of the island. The city is happy serving the visitors who never seem to slowdown. They drive in to enjoy the casinos and the boardwalk, exotic wineries and exciting beaches that surround the city. And this doesn’t sound anything like Las Vegas.

 

Another reason for the decline in population can be attributed to the slowdown in construction related work in the city. Many temporary construction workers who came from adjoining cities and states have now left since construction in many locations has stopped.

 

Some casinos have reported increasing profits in the last two months of 2008, quite a surprise to many. Official earnings reports have not been released yet, all eyes will be open in anticipation of that, but in the meantime, if the insider reports are to be beleived, that is good news for Atlantic City. Overall, it appears to be a time of confusion at best, and Atlantic City might just be one of the first places in the country to bounce back from recession.

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