Casino Corral

Property

Market8 Group: ‘Understands Dynamics of African-American Community’

Today Market8, one of the five remaining contenders for Philadelphia’s casino license, announced new endorsements for its project: those of the Philadelphia NAACP; the Urban […]

Property

In the Wake of Wynn’s Departure, Everybody’s Got a Theory

It’s not exactly the Kennedy assassination or 9/11, but Steve Wynn’s decision to withdraw his bid for Philadelphia’s second casino license has people hazarding all […]

Property

Breaking: Wynn Withdraws Casino Bid

Big news that just hit the Property inbox: Statement from Wynn Resorts regarding its developments in Pennsylvania Las Vegas, November 11, 2013 — The Wynn […]

Property

Market8 Releases New Rendering for Casino Complex

One of the six contenders for Philadelphia’s second casino license, Market8 — an investor group helmed by Ken Goldenberg and Ira Luber, among others — […]

Property

Property Asks: “What Do You Think About LoSo?”

PHL Local Gaming, one of the six contenders for Philadelphia’s second casino license, has announced a bold plan for the Lower South Philadelphia area where […]

Property

Should the City Do An Economic Impact Study of SugarHouse?

Over at the Philly Post, Andrew Thompson is asking why the City of Philadelphia — in the midst of waiting for its second casino license […]

Property

How Knowing His Tomatoes May Make a Winner Out of Wynn

Daniel Keating, head of the construction company that bears his name and the lead contractor on the proposed Wynn Philadelphia casino resort, acknowledges that each […]

Property

Morning Headlines: Labor Day Wrap-Up/Post Brothers Update

Yesterday there was a lot of union activity from the organized laborers of the area. Not long ago, we wrote about the latest in a […]

Revel — which tried to be a casino that wasn't really a casino by banning smoking and focusing on entertainment that didn't involve slots — is for sale. While the building is certainly gorgeous, it's also been a dismal failure. It opened in 2012 and filed for bankruptcy 10 months later. If it sells, that selling price will be an indication of Atlantic City's gambling market, which right now is about as healthy as smokers chained to slot machines at Revel right now. (They dropped the non-smoking policy in 2013, natch.) The Atlantic Club, formerly the Atlantic City Hilton, sold for a paltry $23.4 million to a Caesars/Tropicana partnership (in comparison: the Sands sold for $250 million in 2006). The Atlantic Club is no longer operating, and just last week Caesars, which is the dominant casino company in Atlantic City, said it might start shutting down properties. So don't expect the Revel number to be a blockbuster.
Property

Morning Headlines: Casino Strip Club Inspires Painful Wordplay and Depressing Triangles

Just as we were lauding Margate, NJ’s housing market and the changing perception of Atlantic City, today comes this headline on philly.com: “Bust to boom: […]

atlantic city
Property

Atlantic City Gets Positive Press, a Nice Change of Pace!

From the New York Times: “A scant 125 miles away, in and around this gambling mecca [of Atlantic City], are a clutch of Vietnamese cafes […]

atlantic city billboards
Property

Do A.C.: Atlantic City Takes 15,000 Lb. Pop-Up Casino Resort on the Road

Not enough people going to Atlantic City? Then the Atlantic City Alliance will bring AC to the people. The  “Live From AC” roadshow starts this […]

anthropologie on rittenhouse
Property

Morning Headlines: Anthropologie Building on Rittenhouse Square Is for Sale

• A decade later, Borgata still a winner [Inquirer] • Landlord’s Center City control boosts rents [Philly Deals] • Is This Placemade Pedestrian Plaza Worth […]

cedars crossing housing complex
Property

Noontime Headlines: Passyunk Square’s Cedars Crossing Seems to Be Finished

• Valley Forge casino revenue is up [Inquirer] • Home price gains bring sellers off the sidelines [AP] • Thousands of borrowers to get mortgage […]

cedars crossing housing complex
Property

Noontime Headlines: Passyunk Square’s Cedars Crossing Seems to Be Finished

• Valley Forge casino revenue is up [Inquirer] • Home price gains bring sellers off the sidelines [AP] • Thousands of borrowers to get mortgage […]

revel casino
Property

Revel Decides to Be a Casino Instead of Pretend It’s Not a Casino. Plus: South Kensington Thrives

• Revel Casino Offers Loss-Rebate Promotion As It Attempts To Rebuild Customer Base [CBS 3] • Revel’s new marketing approach: Target the gambler [philly.com] • […]