As a crowd packed the famed Atlantic City boardwalk on Thursday, an investment group hailed the opening of the new Ocean Resort Casino at the former Revel property.
Hard Rock CEO Allen hopes new hotel, casino will strike a different tone in Atlantic City
The new Hard Rock Hotel & Casino will open June 28, with a model that aims to set a new standard in Atlantic City. For one thing, the resort will have an added emphasis on entertainment, leveraging Hard Rock’s own vast network of performers to help program the venue and bolster other nongaming revenue streams such as meeting business and hotel stays. But its owners have sought to be different from past generations of New Jersey casinos in another way, focusing on community outreach that they say will continue well past the grand opening.
For apartment sector, uncertainty in Washington threatens policy priorities
Despite the benefits of last year’s federal tax reform, the apartment sector is grappling with uncertainty and unpredictability in Washington, D.C., raising questions about the future of affordable housing and other high-stakes policy issues. That was one key message from experts who gathered recently during the New Jersey Apartment Association’s annual conference and expo, which drew a registered crowd of more than 1,600 to the Atlantic City Convention Center.
