"WILMINGTON, Delaware, March 25 (Reuters) - Revel, a lavish Atlantic City casino that opened less than a year ago, filed for bankruptcy protection late on Monday under a plan that would turn over control to lenders and eliminate more than $1 billion of debt.
. . . Revel will slash its debt to $272 million from about $1.52 billion through a debt-for-equity conversion."
Ref: Reuters
DonDiego doesn't much care for Atlantic City. He's tried, but he just doesn't. Mostly 'cause everything, everything, is so expensive, . . . 'specially food. And the limits are high. And there's little variation among the games, . . . everybody deals the same game.
The boardwalk is cool, . . . and the salt-water taffy remains good, . . . but the old carney games and atmosphere is gone too. Why, heckfire, . . . DonDiego can remember penny arcades on the Jersey Shore boardwalks, . . . real penny arcades with machines that took a penny, . . . all sorts of machines where you could watch flip-cards of a belly dancer or drive a little toy car on a make-believe road wrapped around a rotating cylinder or play Skee-Ball; then electronics arrived and ruined everything.
DonDiego guesses the old-time authentic glamour is jes' gone. As Burt Lancaster remarked in Atlantic City : "Yes, it used to be beautiful - what with the rackets, whoring, guns."
Anyway, the Reuters article concludes: "Atlantic City, however, has lost its appeal and last year, the adjacent state of Pennsylvania overtook it to become the second-largest U.S. gambling market after Las Vegas."
DonDiego can attest that Pennsylvania casinos do offer better blackjack games.
. . . Revel will slash its debt to $272 million from about $1.52 billion through a debt-for-equity conversion."
Ref: Reuters
DonDiego doesn't much care for Atlantic City. He's tried, but he just doesn't. Mostly 'cause everything, everything, is so expensive, . . . 'specially food. And the limits are high. And there's little variation among the games, . . . everybody deals the same game.
The boardwalk is cool, . . . and the salt-water taffy remains good, . . . but the old carney games and atmosphere is gone too. Why, heckfire, . . . DonDiego can remember penny arcades on the Jersey Shore boardwalks, . . . real penny arcades with machines that took a penny, . . . all sorts of machines where you could watch flip-cards of a belly dancer or drive a little toy car on a make-believe road wrapped around a rotating cylinder or play Skee-Ball; then electronics arrived and ruined everything.
DonDiego guesses the old-time authentic glamour is jes' gone. As Burt Lancaster remarked in Atlantic City : "Yes, it used to be beautiful - what with the rackets, whoring, guns."
Anyway, the Reuters article concludes: "Atlantic City, however, has lost its appeal and last year, the adjacent state of Pennsylvania overtook it to become the second-largest U.S. gambling market after Las Vegas."
DonDiego can attest that Pennsylvania casinos do offer better blackjack games.
