{"id":9954,"date":"2012-10-29T09:55:28","date_gmt":"2012-10-29T17:55:28","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=9954"},"modified":"2012-10-29T10:39:06","modified_gmt":"2012-10-29T18:39:06","slug":"atlantic-city-and-sandys-silver-lining-adelson-to-cop-a-plea","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/atlantic-city-and-sandys-silver-lining-adelson-to-cop-a-plea\/","title":{"rendered":"Atlantic City and Sandy’s silver lining; Adelson to cop a plea?"},"content":{"rendered":"

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At the risk of taking Hurricane Sandy<\/strong> too lightly, in some respects the storm — currently on a path straight for<\/a> Atlantic City<\/strong> — represents a strange blessing in disguise for the Boardwalk. \"\"With the city all buttoned up as of 4 p.m. yesterday, the last week of October will be a revenue washout and, depending on the extent of the damage, some of November might be gone with the wind, too. Which means that Atlantic City could get as much as a nine-week “mulligan” on its year-over-year revenue comparisons. Gov. Chris Christie<\/strong> (R) would also be able to take the high moral ground against racino-hungry legislators, shaming them for wanting to kick the Boardwalk while it’s down.<\/p>\n

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Points for proactivity go to Trump Entertainment Resorts<\/strong>, which shooed its guests out five hours ahead of schedule. And if idiot players like Brooklyn<\/strong> douchebag Bobby Colleran<\/strong> are any indication, a good thing, too: “I would think it\u2019s safe inside the buildings. People would be gambling and drinking and not trying to go outside<\/em>.\u201d Leaving aside the wisdom of drinking and feasibility of gambling in the midst of a hurricane, with thinking like that, Colleran will be lucky to see his 30th birthday. (Then again, people with fewer brain cells<\/a> have lived longer.) And, thanks to untimely removal of sand dunes in front of Resorts Atlantic City<\/strong>, Mother Nature may welcome Mohegan Sun<\/strong> to the Boardwalk with a sock on the jaw.<\/p>\n

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Heck, Tropicana Entertainment<\/strong> CEO Tony Rodio<\/strong> didn’t even wait for Sandy to make landfall before he started spinning it as no big deal<\/a>. In terms of dollar volume, yes, a late-October midweek isn’t such a bad time for Atlantic City to have to close up shop. But as far as percentage comparisons go, the effect will be pretty deleterious, let’s not kid ourselves.<\/p>\n

\"\"So that Justice Department probe<\/strong> of overseas money handling — and alleged money-laundering — by Las Vegas Sands<\/strong> was a whole lotta nothing, right, Sheldon? Political persecution of your wonderful self, huh? Then how come the Wall Street Journal<\/em> is reporting that your company’s lawyers are trying to wangle a plea agreement with the DoJ<\/a>? It looks as though Sands will pay a fine and admit some degree of culpability. Given the piles of moolah that Sands’ Macao<\/strong> casinos bank every month, the DoJ should make sure the amount of the fine is large enough to make a visible dent in the ledger. That’s the only way the lesson would stick. And, with betting markets heavily favoring<\/a> a Barack Obama<\/strong> victory next month, Sheldon Adelson<\/strong>‘s chances of buying executive clemency aren’t looking too good right now. So he’s doing what he does best: cutting a deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the risk of taking Hurricane Sandy too lightly, in some respects the storm — currently on a path straight for Atlantic City — represents a strange blessing in disguise for the Boardwalk. With the city all buttoned up as … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[133,28,42,14,26,117,62,25,12,20,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9954"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=9954"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9954\/revisions"}],"predecessor-version":[{"id":9959,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/9954\/revisions\/9959"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=9954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=9954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=9954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}