4/10/2022

Playboy Casino Atlantic City Closed

A 30th Anniversary Reunion is planned for all former Atlantic City Playboy Hotel and Casino staff. We welcome any former colleagues who would like to help with the preparations for this Gala Celebration.

Description and Photographs of the Showboat Casino Hotel in Atlantic City, NJ. Natasha Brown reports.

A planning committee is currently being formed. If you have the time, dedication and planning skills then we would love to hear from you. Please contact:

Renay Rogers
email: - renayhr@comcast.net
tel: #609-774-3910

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or

Lois Sablich
email: phillychick1010@verizon.net
tel: #267-252-2752

Thanks to YouTube, it's easy to take a look back at some popular businesses and attractions here in South Jersey that are long gone but still live thanks to the internet.

This extravaganza is going to blow the lid off our last reunion in 1990! Keep the weekend of the 2nd/3rd of October 2009 open! A mansion in Avalon, N.J. is the planned party site.

More details coming soon!!!

Philly.com:

The closing of three casinos, starting with Showboat and Revel this weekend followed by Trump Plaza two weeks later, and the rapid-fire loss of 5,700 jobs, draw historic comparisons to longer-term collapses of U.S. industries such as steel.

'This is a massive economic body blow to Atlantic City on par with the hit to the national economy during the Great Recession,' said Mark Zandi, chief economist at Moody's Analytics in West Chester.

Beyond the thousands of job losses, which will spread into related industries and the general economy, Atlantic City will soon be left with four empty buildings (including the shuttered Atlantic Club) that have no clear future.

'What we've got in Atlantic City is unprecedented. It hasn't happened before in this type of context, where they are going to shutter them up and literally can't give them away for pennies on the dollar, like Revel,' said Alan Silver, a former casino-industry executive who teaches at Ohio University in Athens, Ohio.

Silver and other casino-industry experts said there was little precedent for reusing casinos for anything other than hotels.

David G. Schwartz, director of the Center for Gaming Research at the University of Nevada in Las Vegas, could point to only one former casino in the United States - the Golden Phoenix in Reno - which was turned into condominiums.

In addition to condominiums and time-shares, experts are quick to mention boutique hotels, which have become increasingly popular in Las Vegas and other cities.

Playboy Casino Atlantic City New Jersey

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'It's nice to do all these things, but you've got to have supply and demand and you've got to have the various attractions there to get people to come to Atlantic City,' Silver said.

Atlantic City Mayor Don Guardian, who has adopted a salesman-in-chief attitude since taking office in January, spoke optimistically last week of openings expected next year, including a Bass Pro Shops location and Harrah's Conference Center, that could create 1,300 jobs in the city.

Guardian expressed confidence Friday that Revel would be resurrected as a casino under a new name, projecting that it would sell for $25 million to $50 million. That would also reduce the job losses.

'At $50 million, it's certainly a bargain-basement price for a brand-new facility. It's finding the right buyer, meaning having the financial wherewithal, and then that buyer finding the right brand to come in and run it,' he said.

Playboy Casino In Atlantic City

The hope that casinos would revitalize Atlantic City proved to be false. Despite the gleaming towers and swanky hotels, the rest of Atlantic City is still a grimy, crime-ridden mess. We've seen this same selling point by casnino operators fall flat here in Illinois. Gambling brings its own set of problems to a community and residents should think very carefully about approving one.

Massachusetts might become the first state to actually repeal casnino gambling. There's a ballot measure in November that will decide the fate of casino gaming. Some other states have decided against expanding casino gambling. Whatever extra cash flowing into state coffers, the social cost is sometimes too high a price to pay.