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Business Insights From Conway MacKenzie
November 21, 2014

The Real Deal: Who’s Growing and Who’s Closing

Whoever said “change is the only constant” was probably making a profound statement about life in general, but he or she may as well have been referring to some of the major industries Conway Mackenzie serves. The last seven days have been filled with news of major moves in the pharmaceutical, healthcare and gaming industries, […]

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October 17, 2014

Atlantic City’s Former Revel Casino Hotel Sells for Pennies on the Dollar

The Atlantic City casinos can’t seem to catch a break. Four casinos have closed – with a fifth on the brink of closure – and more than 7,000 people have been laid off. The latest sale of Revel Casino Hotel was recently approved by a federal bankruptcy judge for just 5 cents on the dollar […]

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September 9, 2014

No Dice: Atlantic City Trump Casinos File for Chapter 11

Another day, another Atlantic City casino Chapter 11 filing. Today Trump Entertainment Resorts, which operates Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, filed for bankruptcy in Delaware, case number 14-12103. This filing follows the closing of two other iconic Atlantic City casinos, the Showboat and Revel Casino Hotel, over Labor Day […]

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September 2, 2014

Atlantic City’s Revel Casino Shuts Down After 2 Years

Sometimes high hopes are not enough. After just two years, the $2.4B Revel Casino Hotel shut its doors this morning. The casino’s closure is a huge hit to the Atlantic City gaming industry, and calls for a focus on the future of New Jersey’s gaming industry as a whole. With its loss of Revel, Atlantic […]

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February 18, 2014

Stakes are High in Las Vegas Transformation

Las Vegas has long been known as the center of the gambling universe. However, over the past five to ten years, Las Vegas has received increased competition from Macau/Cotai Strip, Singapore, Atlantic City, Regional Indian Casinos, Regional Commercial Casinos, and the ever popular Regional Racino. The current gaming market is as saturated as ever and […]

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