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Posted At : January 31, 2008 03:05 PM | Posted By : Administrator
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Atlantic City
In the course of kicking the tires of the Atlantic City Tropicana, Connecticut's Mohegan Sun stumbled across a quaint little fixer-upper by the name of Trump Marina. While the property's financial encumbrances, plus the unpredictable, obstreperous presence of one Donald J. Trump complicate any potential deal, the attractions for Mohegan Sun are obvious and no rival bidders are on the horizon.
Trump Marina would cost one-half to one-third as the Trop, probably a cool $350 million. Not that the Mohegans need to bargain-hunt: Any tribe that can spend $925 million on a casino expansion is clearly flush. (In 2001, Mohegan Sun was doing more revenue by its lonesome than was Station Casinos in toto, if memory serves.)
Nor would Trump Marina require the same image-repair and workforce-rebuilding efforts that are currently underway at the Trop. And it would only have one-third as many hotel rooms to worry about filling. The cherry on the icing is its proximity to the Renaissance Pointe cluster of Harrah's Marina, Borgata and the future MGM Grand Atlantic City.
Come to think of it, Trump Marina really does look like a bargain.
Crocodile Gibbons? Nevada's governor contends that, when times are bad, people gamble more. Australians appear to agree.
Furrowed Brow Dept.: Area sexperts are dismayed, no, "horrified" to discover that a federally funded study has come to the conclusion that Prostitution Is Bad (a finding eagerly hyped by the New York Times' Bob Herbert in a now-infamous column).
Mind you, this was the same federal guvmint that fired local U.S. Attorney Daniel Bogden for giving a higher priority to political corruption than to pornography involving consenting adults. (Don't get your hopes up; it's not a link to a porn site.) Did this gaggle of academics for a minute imagine that the Bush administration was going to underwrite a study that didn't condemn prostitution?
Why? Because if we legalized it, we'd have to tax it. And that would be Very Wrong Indeed.
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