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Posted At : April 3, 2008 11:29 AM | Posted By : D McKee
Related Categories:
Downtown,The Strip,Pinnacle Entertainment,Charity,Atlantic City
Yes, they're drooping again at the mammary-themed hotel -- revenues, that is. The recession continues to hit the bargain-niche properties first and hardest. The interesting info is buried toward the end, as potential buyer Richard Bosworth (who's already put $3 million down, with $222 million to go) is shelling out another non-refundable half-million to keep its option alive for another month.
This is the same stalling pattern Christopher Milam fell into with the Wet 'n Wild property. If Bosworth is having trouble scaring up the purchase price (and does the Hooters-augmented San Remo look like that tempting of a credit risk?), it doesn't bode well for the promised $130 million redevelopment, either.
On a related note ... You can set your watch by it. The annual, obligatory Passion Parties story. It must be some journalistic hazing ritual.
Fix? In? Not here! Another scofflaw gets off lightly.
An implosion! Woo-hoo! All right, so it's only a casino garage and it's in Atlantic City. But it looks like that Pinnacle Entertainment project is still in "on" mode, Dan Lee's caveats notwithstanding. There's video, too.
Double or Nothing UNLV's David Schwartz reviews the apologia pro vita sua of former Golden Nugget co-owner Tom Breitling. Schwartz finds a great deal to like in the book, and is very generous and sympathetic in his appraisal. I'm not scheduled to weight in on Double or Nothing until the May 5 issue of City Life, but I feel safe in saying that your book dollars are far better invested in Christina Binkley's Winner Takes All. Breitling's book is a quick read, though, partly by dint of leaving out whole chunks of the story -- like a not-so-successful filmmaking venture with the Fertitta brothers, which goes completely unmentioned.
How much interest will there be in Double or Nothing? Hard to say. It's been over three years since he and Tim Poster sold the Nuggets, a timespan far longer than that of their brief ownership, and they never became major players in the industry (as opposed to the pages of Norm!). For a businessman as successful as Breitling, I'm surprised he'd get his product so tardily to market.
And now to end on a (rare, some would say) classy note ...
Honoring a legend. Former Silver Slipper owner Claudine Williams receives a "Philanthropist of the Year" award tonight. Congratulations to the grande dame of the gaming industry. Long may she flourish.
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I went two weeks ago expecting the same feeling,
but i had some wings in the bar/restaurant and then
played craps for about an hour. people were having
a good time. the place is really small compared to
just about every place else. i think if you know what
you will get here it's okay.
"Double or Nothing" -- now *there's* a disaster. "Sharks in the Desert" was pretty half-baked, too.