pinnacle

Pinnacle Prairie update

In case you were wondering, the former Sands site in Atlantic City continues to deteriorate. From the AC Press: The barren site overlooking the Boardwalk consists of little more than mounds of dirt and scruffy tufts of grass peeking through the soil. Intruders are kept out by a padlocked chain-link fence bearing a “No Trespassing” […]

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atlantic city, news about gambling

Post-Pinnacle AC=Post-war Berlin

Here’s a holiday update on the status of Pinnacle’s much-ballyhooed Atlantic City project. Remember the billboards? From the AC Press: The site has become yet another vacant city lot, a prominent symbol of broken promises and the weak economy.Fences line the gravel lot dotted with weeds and a few scattered slabs of old concrete. Local

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atlantic city, news about gambling

Arrogance

As far as I’m concerned, Pinnacle has just about used up any residual goodwill it had in Atlantic City. Not content with trashing 2,000 jobs and blowing up a major casino on the 50/50 chance that they’ll actually build something, the company is now trying to use eminent domain to seize private businesses located across

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atlantic city, gambling & culture

Lee on AC

Pinnacle Entertainment had its first quarter conference call today, and CEO Daniel Lee had some interesting thoughts on Atlantic City. I don’t usually do this, but here are some excerpts from the transcript by Bloomberg: Well, we’ve been consistently saying we expect to build something on the same order of magnitude as the first phase

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atlantic city, news about gambling