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2004 historic year in Atlantic City

January 1

In 2004, Atlantic City witnessed many changes. Trump Hotels and Casino Resorts filed bankruptcy, the Borgata soared beyond expectations, resorts there got bigger and Caesars was gobbled up.

In November, Tropicana opened The Quarter, its dazzling but star-crossed $280 million retail-and-entertainment expansion.

But, it wasn't the ups and downs of the rich or famous that made the biggest commotion on the Boardwalk in 2004.

It was the cocktail servers, chambermaids, porters that made waves by staging a month-long strike that turned the Boardwalk's high-end casinos and resorts into no-frills locations where even the high rollers had to suffer from a lack of perks.

Local 54 of the Hotel Employees and Restaurant Employees union, pitted 10,000 front-line employees against the casino industry's biggest names.

Those striking walked picket lines, dealers had to fill-in as waiters and gamblers. The very bread-winners of New Jersey's $4 billion-a-year casino business suffered by having no room service and dirty rooms.

Trump's casinos, which agreed on a contract with the union before the strike began, weren't hit by the strike. But that couldn't solve his company's problems.

The casinos were open at Trump Taj Mahal, Trump Plaza and Trump Marina, but they continued to lose customers to the booming Borgata Hotel Casino & Spa.

The Borgata, a sexy new $1 billion casino that opened back in 2003 continued to boom.

The 2,010-room hotel's persuasive mix of luxurious rooms, celebrity chef restaurants and Las Vegas style glamour drew a younger and hipper type of gambler to Atlantic City and proved that there was money to be made on non-gambling amenities.

Other casinos followed suit in 2004, building new beach bars and spicing up their entertainment options in hopes of cashing in with a younger crowd.

Resorts took steps to clean up its aging physical plant, too, opening a 28-story hotel tower that added 459 rooms to the property. Its parent company, meanwhile, announced plans to buy the Atlantic City Hilton casino.

The Hilton became available after Harrah's Entertainment announced a $5 billion takeover of Caesars Entertainment, thanks to New Jersey casino laws aimed at keeping any one casino operator from owning so many properties that it holds a monopoly over the market.

Harrah's purchase of Caesars would give it control over five of Atlantic City's 12 casinos, so the company arranged to sell the Hilton to appease regulators.

Borgata, hoping to turn its early success into even bigger and better returns, revealed plans to add more casino space, restaurants and nightclubs, in addition to a new 45-story hotel tower.

Those kind of non-gambling attractions are important to Atlantic City's survival in 2005 and beyond, given the looming start of slot machine gambling in neighboring Pennsylvania.

 


 


 


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