Gary Loveman has made a lot of mistakes as Caesars Entertainment CEO but building a convention center in Atlantic City wasn’t one of them. In fact, it’s been one of his better ideas. While he was in town to put his John Hancock on the final beam of the $126 million Waterfront Conference Center, he shared several cryptic remarks with the media. While he said he wasn’t in any talks with Unite-Here, Loveman added “The challenge in Atlantic City is not simply revenue but cost.”
This could easily presage a contractual squeeze like the one Trump Entertainment Resorts put on its labor force (which may have bought them only three more weeks of employment), particularly if Continued >>
“I think this area south of Charleston [Boulevard] and north of Sahara [Avenue] is up and coming though, and some of that attention Fremont East is getting will turn here. If there were more residential development, something in the middle range, then we’d see real sustainable growth in the neighborhood with more retail and restaurants.” — RCG Economics‘ John Restrepo on the early fiscal effects of SLS Las Vegas.