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Worst may be over for Atlantic City casinos as competition starts to flatten out

Posted: Sunday, January 13, 2013 By HOA NGUYEN Staff Writer At the start of 2006, 15 casinos were within about 600 miles of Atlantic City. Today, that number has nearly tripled to 39 casinos, including six that opened in 2012. The crowded scene directly affected Atlantic City, which previously had seen gambling revenue grow consistently year-over-year. But in 2006, at the…

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Why Do Renters Want to Buy NOW?

Author: Daniel Torelli January 11, 2013 In a recent survey of renters who hope to someday buy a home, more than half expressed their desire to purchase sooner rather than later. According to a survey by the PulteGroup, 60% of renters surveyed say they hope to buy a home within the next two years (506 adults total were surveyed in March…

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Revel may be rethinking no-smoking policy as Atlantic City’s only smoke-free casino struggles financially

Posted: Monday, January 7, 2013 By DONALD WITTKOWSKI, Staff Writer Customers entering Atlantic City’s newest casino are greeted by small signs taped to the doors: “This is a smoke-free property. Thank you for not smoking.” But there are indications that Revel is rethinking its nonsmoking policy and may allow customers to light up in a new gambling area that is in…

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CRDA to study developing an indoor marketplace in Atlantic City

Posted: Sunday, December 2, 2012   By JENNIFER BOGDAN Staff Writer An indoor marketplace resembling Philadelphia’s Reading Terminal Market could be among the next projects undertaken by the Casino Reinvestment Development Authority. In September, the authority took steps toward spending $100,000 on a feasibility study to determine whether the project would be a good fit inAtlantic City. That study is moving…

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Most storm-damaged properties are second homes, creating a dilemma for owners and governments

Posted: Sunday, December 2, 2012 By LEE PROCIDA Staff Writer HurricaneSandy’s impact on the New Jersey shore line was felt far from the coast in a number of ways, but mainly because most people who own property by the ocean live somewhere else. An analysis of tax records by The Press of Atlantic City shows the majority of residential properties in…

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Historically Low Mortgage Rates Hit Atlantic City Area

Financing Options Rate Points Annual Percentage Rate 30 Yr Fixed Conforming 3.125% 0 3.15% 30 Yr Fixed JUMBO                                **loan amounts from $417,001 to $2,000,000** 3.990% 0 4.02% 15 Yr Fixed Conforming 2.500% 0 2.546% 5/1 ARM Conforming 2.125 0 2.836% **ARM Product listed is Fixed for the first 60 Months** Gina Tubertini Loefflad VP, Regional Residential Loan Sales Manager Cell:…

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