CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Pinnacle continues ad campaign despite delay

19 August 2008

ATLANTIC CITY, New Jersey -- As reported by the Press of Atlantic City: "A gigantic billboard hovering over the Boardwalk drew quizzical looks from New Yorkers Helena and Josie Grants as they relaxed on a bench during a sunny afternoon.

"'Until we open, you'll just have to play somewhere less fun,' the sign declared.

"...Helena vaguely recalled plans for a new casino and guessed the billboard offered a sneak peek of that project.

"...Actually, the billboard overlooks the Indiana Avenue site where Pinnacle Entertainment Inc. imploded the Sands Casino Hotel last fall to make room for a new $1.5 billion to $2 billion megaresort that would dominate the central part of the Boardwalk.

"Even before Pinnacle blew the Sands to smithereens, it began teasing its project with a series of billboards on the Boardwalk and on highways and bridges from Philadelphia to Atlantic City.

"...The billboards remain standing even though Pinnacle's casino has been stalled by a lack of financing created by the global credit crisis. The company originally planned to start construction this year but has pushed back the timetable to 2010.

"Pinnacle chairman Dan Lee has put 50-50 odds on whether the casino will be built. So the billboards tout the arrival of a casino that may never materialize. For the time being, the company intends to keep the promotional campaign going, insisting it is not outdated.

"...Interestingly, Pinnacle's advertising blitz replaced a series of old Sands billboards that had grown woefully outdated by the time they were finally taken down..."

< Back