"If I had a crystal ball two years ago, I would never have taken on that debt. Never, ever. But looking back, we saw growth. That's why we put up that beautiful new tower, with a plan to do extensive renovations [on the older hotel tower] next door. We're not able to do that now." — Resorts Atlantic City CEO Nicholas Ribis
Growth? Two years ago? Would somebody please buy Nick Ribis that crystal ball? By early '07, casinos in Pennsylvania were a done deal. How could anyone have foreseen growth for Atlantic City in that scenario?
Just asking …
