Unsafe bet
There’s a fair chance that Atlantic City’s first casino hotel, Resorts International, will close. The casino lost $18 million last year — almost $11 million of it in the fourth quarter alone. Here’s the story.
I hope that Resorts, which opened in 1978 when I was in high school, survives. Its closing would sadden me for a couple of reasons. I have at least one good friend who works there, and this is not a job market I hope to see friends entering. Also, my father was one of the people who built Resorts. (He was a crane operator.) He was proud to have worked on all of the first 11 casinos built in Atlantic City.
On another personal note, the newspaper article I’m linking to above is from the Press of Atlantic City (which old-timers still call “The Atlantic City Press”), where I was an editor from 1987-1988. The casinos are still there (for now), but newspapers are vanishing all over the land. (Denver, for example, no longer has a daily print newspaper.) I’m glad to see that the paper is still there — and it reminds me of another job market — or industry — I wouldn’t want to see friends entering right now.
April 7th, 2010 at 11:26 am
The Rocky Mountain News folded, but the Denver Post is very much alive.
April 7th, 2010 at 11:30 am
Wow. Good to know. I now need to inform some people from Denver who told me last week that this was no longer so.
This is what happens when I don’t check first (as I almost did — and should have). Thanks for alerting me!