Developer teams up with Wall Street investment bank in bid to buy Tropicana

Real estate developer Cordish Co. has the backing of Wall Street financial giant Goldman Sachs in its attempt to buy the troubled Tropicana Casino and Resort, the company's chairman said Tuesday.

[Pricey222]

There are at least two things going on here that diminish the negative impact of the casinos' negative first quarter: (1) a down market attracts buyers who can weather the storm and (2) there are those who realize that Atlantic City has reached, or is reaching, a critical mass that, while being affected by other influences (gaming in other states, the economy, smoking ban) it will remain head and shoulders over other venues in terms of number of casinos in one place, choices, marketing clout, and spin-off growth of other attractions like the Cordish outlets, the Pier at Caesars and events (conventions and large public shows).

[Don]

Pricey222 wrote:

There are at least two things going on here that diminish the negative impact of the casinos' negative first quarter:(1) a down market attracts buyers who can weather the storm and (2) there are those who realize that Atlantic City has reached, or is reaching, a critical mass that, while being affected by other influences (gaming in other states, the economy, smoking ban) it will remain head and shoulders over other venues in terms of number of casinos in one place, choices, marketing clout, and spin-off growth of other attractions like the Cordish outlets, the Pier at Caesars and events (conventions and large public shows).

Revenues WILL fall EVERY quarter in A/C from now on.They stuck it to their customers an d We told them to SHOVE it.