Caesars Atlantic City Hit in $181K Heist. Two thieves robbed at gunpoint

Le 03 mars 2020 par "Sylvain"

ï"¿ and got away with additional than $180,000 from Caesars Atlantic City on Monday.

Things aren't great right now in Atlantic City. Gambling enterprises are shutting, revenues are dropping and profits are drying up month after month. It is a time when resorts are carefully monitoring every dollar that is available in and out of their balance publications. In short, it's in regards to the time that is worst possible for the six-figure sum to go lacking from a associated with the city's casinos.

In accordance with police, two masked thieves lightning link slot app walked out of Caesars Atlantic City with an increase of than $180,000 on Monday after a raid that is smash-and-grab the casino. The robbery apparently took place on Monday early morning, though police did not immediately release information that is much the main points of the crime. Based on USA Today, trooper Alina Spies stated that police were investigating the matter, but they didn't want to deliver any information which may hinder the research that was underway.

Early Morning Robbery

Local media, citing authorities sources, stated that the robbery involved two suspects whom entered Caesars Atlantic City around 6 am. One or more of them had a gun and pulled it before stealing two synthetic boxes that contained the stolen cash. Then they fled the scene in a motor car at approximately 6:20 am, according to a police bulletin.

The truth is being investigated by the New Jersey State Police Gaming Bureau, which suggests that the robbery happened within the casino. If the crime had occurred in a hotel or other area that is public it would be customary for city police to deal with the matter.

While $181,000 may not be much in the grand scheme of things for a major casino (Caesars introduced $28.8 million in revenue during June alone), the theft comes at the worst possible time for an Atlantic City venue. The town has been struggling seemingly on all fronts, and that's mostly driven by struggling casino properties. Revenues at the town's gambling enterprises have been falling for decades, and as many as four casinos could end up closing throughout the course of 2013.

August one of those casinos, the Showboat, is operated by Caesars and is scheduled to close at the end of. Others include the Atlantic Club, which closed in January, the Trump Plaza, which is scheduled for closure later this year, and the Revel, which is currently in bankruptcy court and could close if a customer is not found.

Caesars Atlantic City occupies a large, high-rise building that takes up a block between your famous boardwalk that runs along the Atlantic Ocean and Pacific Avenue between Arkansas and Missouri avenues. It's not clear how the perpetrators entered or exited the building.

Casino Heists Not Unheard Of

While casino security is practically second-to-none, that does not mean so it's impossible for criminals to pull a heist occasionally. The schemes, but, are rarely because complex as something you'd see in Ocean's 11.

For example, this season, a gunman wearing a motorcycle helmet dashed to the Bellagio on the Las Vegas Strip. He proceeded to take potato chips from a craps table while brandishing a handgun, fleeing on his motorcycle. The thief, Anthony Carleo, was ultimately caught months later on and ended up being sentenced to prison.

Atlantic City's beaches may help attract tourists who'ren't interested in gambling. (Image: ACHotelExperts.com)

As Atlantic City watches gambling enterprises close left and right, officials admit that the populous city has to find approaches to diversify as gambling revenues continue steadily to tumble. In addition they admit that this isn't going to be a effortless transition: the city has gotten used to relying on the gaming industry, and that will be a hard habit to split. But exactly what might not be immediately obvious is just how much this shift in priorities could hurt the Jersey that is entire shore.

Atlantic City's casinos have long brought tourists to the area, gamblers and others who will spend time at then other venues along the shore. But it's more than that: according to a 2008 study by Rutgers University, some 100,000 jobs in New Jersey were tied to the gaming industry in one single way or another. That accounts for about two percent regarding the state's total workforce.

'When Atlantic City suffers, the whole area suffers,' said David Breeden, administrator for the city of Barnegat.

Several Casinos Closing This Year

Up to four Atlantic City casinos that were operating in 2013 may be closed by the end of this present year. The Atlantic Club closed in January, whilst the Showboat and the Trump Plaza are both expected to close in the next months that are few. The Revel may also shut this if a buyer can't be found year.

With casino revenues under great pressure from rivals in neighboring states (particularly Pennsylvania, which recently surpassed New Jersey in regards to gaming revenues), Atlantic City is now attempting to find other methods to attract site visitors outside of slot devices and dining table games. That doesn't mean abandoning the casinos entirely, but visitors that are rather giving reason to avoid by way of a city that is seemingly in the decline.

That could mean more attractions for families, bringing larger conventions to the city, and making certain amenities is there for people who are only gamblers that are casual. But that's likely to take some time to perfect, therefore the transition is anticipated to be rough.

'It's coming at a time that is bad' said Stafford Mayor John Spodofora. 'There are not numerous corporations that are big hire people down here. The gambling enterprises have already been a boon for folks down here.'

A Painful Transition

Even if Atlantic City does find a way to rebound, it's unclear whether it'll ever be just like it was in its gaming heyday. New organizations may create jobs, but there's no guarantee that they're going to function as the same types of high-paying opportunities afforded by the casinos.

'We will endure the pain sensation that comes with transitioning from an economy overly reliant on a industry that is single' said Atlantic City mayor Don Guardian.

In the bright side, the city does nevertheless draw about 27 million visitors each year, so there's certainly a lot of disposable income to go around if the city will get the right way to capture it. There are also plenty of resources that may help Atlantic City make this kind of transition: there is still the boardwalk that is world-famous and also the beaches are nevertheless a fantastic draw through the summers.

But while attempting to squeeze more out of tourism will help, some certainly specialists believe Atlantic City should look for other possibilities for growth also.

'I'm all for wanting to increase the size of the pie that is non-gaming however just hospitality and tourism,' Deborah M. Figart, professor of training and economics at the Richard Stockton university of New Jersey, told The Star-Ledger. 'Cities that have diverse economies, that aren't a one- or town that is two-industry those metropolitan areas have a tendency to prosper and prosper even in times of recession.'

More casino areas are going smoke-free, and a ban that is total Nevada casinos could be just around the corner. (Image: Mel Evans/AP)

Several years ago of gambling, the general public image of the casino floor had been one of smoke-filled tables and a cloudy haze through the entire halls. Over the years, that vision has largely changed: enter any major casino, and there could be large swaths of smoke-free areas for patrons who does prefer a slightly more gambling experience that is breathable. Still, at least in Nevada, there has still been room for smokers and non-smokers alike.

But according to some analysts, that may be changing soon. Many states with casino gambling have outlawed smoking in gambling enterprises, and Macau is currently likely to implement a ban later this year. That and other signs have led Deutsche Bank gaming analyst Andrew Zarnett to predict that a smoking cigarettes ban could come to Nevada within the next two years.

Zarnett cited a mixture of the move by Macau, which may now be a business trendsetter, as well as the study that is continued of perils of second-hand smoking cigarettes as factors leading him to genuinely believe that such a ban might be coming sooner in place of later on.

Smoking Ban Could Be Expensive

But he additionally warned that such a ban could price Nevada casinos large amount of money. He remarked that other states have seen significant revenue decreases after passing such laws within the past: Delaware's casino profits fell 11.3 percent after having a 2002 ban, while Illinois saw a 20.9 percent drop after their particular 2007 ban. He predicted that Nevada could see perhaps a 7.5 percent decline if it had been to do the same.

That might mean that such a ban wouldn't be complete, and would nevertheless give smokers a place where they might sneak in a couple of good puffs. In Macau, cigarette smoking would nevertheless be allowed within the high-end areas where VIP gamblers congregate, and there will be smoking that is special with segregated ventilation systems. The latter is really the solution now set up in Las Vegas' international airport, McCarran, where smokers sit inside large lucite-surrounded free-standing 'rooms' that are completely closed off from the airport that is main, where smoking cigarettes is forbidden.

The Macau ban goes into effect on October 6, simply after the Golden Week holiday ends. Any smoking cigarettes areas that are built in casinos must account for fewer than half for the overall gaming area in each venue.

No Immediate Push for a Ban

According to officials in Nevada, there's no immediate push to ban smoking in casinos anywhere in the state, and there is no public groundswell to take action. But even that it sounds like it could be if it were to happen, it may not be the shock to the system. In 2006, Nevada voters banned cigarette smoking in all places that are public than casino floors. And some casino areas seem to be smoke-free, including poker that is many and activities books. The entire World Series of Poker had been played in an environment that is smoke-free 12 months.

Even though those projections of major losses may be scary, not everyone agrees that smoking bans are directly associated to casino profits.

'Bad weather, gas costs, market saturation, competition, casino debt, the recession that began in 2008 that severely affected all gaming revenues, including Vegas, are the other cards lacking out of this deck,' stated Stephanie Steinberg, chairwoman of Smoke-Free Gaming of America. 'Smoking bans are not the reason for revenue declines, rather, it is poor business preparation.'

And even if the casinos aren't planning to place a ban into place right away, Steinberg agrees it shall come eventually.

'Casino smoking bans are everywhere and inevitable,' she said. 'Nevada is next and the video gaming industry understands it.'

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