New Jersey Gov Christie signs internet gambling into law

TRENTON — Gov. Chris Christie signed a measure today allowing internet gambling in Atlantic City, a move his administration expects to nearly double casino revenue and provide a lifeline to the struggling seaside resort. "This was a critical decision, and one that I did not make lightly," Christie said in a statement. "But with the proper regulatory framework and safeguards that I…

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10 Date Night Atlantic City Area Destinations

It’s date night and there’s a certain someone you’re eager to impress. No romantic night out is complete without quality time shared together over a memorable meal. The right cuisine and the perfect ambience can create date night magic. In fact, the restaurant you choose plays an essential role in whether your night is a windfall or a wipeout. So…

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Online gambling giant moves to purchase Atlantic Club casino in Atlantic City

Posted: Wednesday, January 16, 2013 By DONALD WITTKOWSKI, Staff Writer The parent company of online gambling giants PokerStars and Full Tilt Poker has agreed to buy the Atlantic Club Casino Hotel in a deal that would help revive one of Atlantic City’s weakest casinos. Rational Group, based on the Isle of Man in the British Isles, has filed papers with…

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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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Archdiocese of Philadelphia villa in Ventnor sells for $4.125 million at auction

By ANJALEE KHEMLANI, Staff Writer VENTNOR — The villa owned by the Roman Catholic Archdiocese of Philadelphia sold at auction Saturday for more than $4 million to Steve and Ilene Berger, of Philadelphia. The Bergers are owners of Berger Rental Communities, dealing in apartments in eastern Pennsylvania. Their winning bid was $4.125 million. Adding in a required additional 10 percent,…

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Real estate slump makes Atlantic City beachfront homes more affordable

Posted: Sunday, August 26, 2012 By KEVIN POST, Business Editor The bottom of this real estate cycle, which went deeper than anyone expected, has produced something else surprising: beach-town bargains. Properties on or near the ocean typically hold their value better in a downturn because their supply is limited.But this time, even some island properties are distressed, and some home prices…

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Atlantic City – The Fall & Rise, The best it yet to come!

The Fall & Rise of Atlantic City By Roger Gros   Thu, Aug 30, 2012 Atlantic City's struggles are well known but the strategy to escape those problems isn't as easily understood. Publisher Roger Gros spent the summer interviewing the major players in town and explains how the city is positioning itself to become the hip destination on the east coast. In truth,…

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Condo Boards Take a Stand on Delinquencies

By JULIE SATOW Published: June 22, 2012 A SUCCESSFUL condominium depends, in large part, on owners’ paying their monthly fees promptly and in full. Delinquencies can mean less money for maintenance and amenities — and draw the ill will of fellow residents. While the sheer size of larger buildings can often blunt their impact on the budget, small buildings with…

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