Showboat’s Island Waterpark gets private funding, no need for ACIA bonds
The Island Waterpark at Showboat Atlantic City has secured private financing, and will no longer need to sell $97 million in bonds through the Atlantic County Improvement Authority, developer Bart Blatstein said Thursday. Procida Funding & Advisors, of Englewood Cliffs, is helping to finance the project and more, CEO William “Billy” Procida said in a […]
Introducing Renaissance at Bader Field
The proposed project, a $2.7 billion dollar development, would be located at historic Bader Field in Atlantic City. The project would include a 2.44-mile Formula 1 specification only motor course surrounded by hundreds of condominiums and retail/commercial establishments. The construction would feature various emerging technologies and would be built to LEED Platinum specifications. Michael Binder, […]
Big developments define summer 2022 for Ocean Casino
Ocean Casino Resort has just announced over $85 million in property development set to debut throughout the summer. Updates include the completion of over 460 hotel rooms and suites, The Gallery Bar Book & Games, and multiple new food and beverage outlets. “Ocean is committed to providing the best guest experience in Atlantic City,” said […]
Hard Rock Hotel & Casino AC Announces Auggie Cipollini as Senior Vice President of Administration
Hard Rock Hotel & Casino Atlantic City announced Auggie Cipollini as Senior Vice President of Administration. In his new role Cipollini will oversee finance, IT purchasing, and retail. “I have had the pleasure to work with Auggie for almost two decades,” said Joe Lupo, Hard Rock Atlantic City Property President. “We are thrilled to welcome […]
N.J. small businesses could see tax relief under new bill
New Jersey businesses are grappling with nearly $1 billion in tax increases over the next three years after a surge in unemployment claims during the pandemic depleted the state’s Unemployment Insurance Trust Fund. State lawmakers are now looking to ease some of that burden with legislation to provide tax credits to small employers based on […]
Live Nation subsidiaries got millions in aid meant for independent venues
In the early months of the pandemic, as lawmakers toiled on an aid package for shuttered concert halls and other performance venues, a major company lobbied to be included in the relief. Live Nation Entertainment — the corporate parent of Ticketmaster and a dominant force in the entertainment industry — urged Democrats and Republicans in Congress […]
Event Recap: 2022 Business Excellence Awards
On Tuesday, May 17, 2022, The Greater Atlantic City Chamber hosted the 2022 Business Excellence Awards. It was a night filled with celebrating and recognizing the accomplishments of businesses, community organizations, and individuals committed to making the Greater Atlantic City Area a great place to live, work, and play. Huge congratulations to our award winners: […]
A Bill Calls for Using the State’s Swelling Cash Surplus to Offset Impending Unemployment Tax Hikes on Employers
Assembly lawmakers are set to advance a bill to defray unemployment insurance tax hikes on businesses Thursday, their bid fueled by the state’s ample surplus cash. The automatic tax hikes are intended to replenish New Jersey’s unemployment trust fund, which pays out benefits to laid-off workers and was drained by skyrocketing jobless claims in the […]
What is Inflation Doing to New Jersey’s State Budget?
The effects of high inflation – and ongoing efforts to rein it in – are looming large as New Jersey lawmakers get ready to draft a state budget that must be adopted within a matter of weeks. With annual inflation running over 8% nationally, New Jersey is flush with cash. But long-term forecasts suggest inflation […]
More COVID-19 Cases and more Hospitalizations Coming, State Models Predict, but Severe Disease is Likely to Remain Stable
COVID-19 will continue to infect and hospitalize a growing number of New Jerseyans well into July, according to the state’s latest predictions, but the level of severe disease – and likely death – is expected to remain fairly stable all summer. While some experts see that potential stability as a positive sign, others worry people are […]