Club Newsletters

November 2015

Hello Atlantic City Chippers,

 Merry Christmas, Happy Chanukah, Happy Saturnalia, Happy Diwali, and Happy Kwanzaa

***There will be NO MEETING in January*** The Atlantic City Casino Collectibles Club 2016 season will be: March 13, May 15, September 18, and November 20.  All will be held at Bally's Hotel and Casino in AC.

 

Club and Chipping News

  •  It was voted by our club (at the November 15th meeting) to suspend January's meeting next year due to this harsh winter that we are presently experiencing.
  • The 2016 season will start on March 13, 2016 at 11:00am at Bally's Hotel and Casino in Atlantic City.  Hopefully this horrible weather that we have been having should be behind us.
  • After the meeting all are welcome to take part in our annual Spring Buffet.  This year's buffet will be held at the Golden Nugget Hotel and Casino in the Marina district of Atlantic City.  Tickets will be sold during the meeting.

 

Recap of November 15th Meeting

  • The trading session started at approximately at 11:00am. 
  • The meeting was called to order at approximately 1:00pm.
  • All board members were present.
  • The minutes from September's meeting were read by our Secretary and were approved by the club.
  • The Treasurer gave an up-to-date financial report which was approved by the club.
  • 38 Members and 3 guests were present.
  • The auction did not take place due to the fact that there were only 3 items available for auction.
  • 50/50 Winners:  $45.00 Ron Bayne, $30.00 Brenda Black, and $20.00 to Dennis Garnier.

 

Rumor Control

  • Mike Hengel, the editor of Las Vegas's largest, the "Review-Journal", has sold the paper to casino magnate Sheldon Adelson for $140 Million.  Adelson is chief executive and chairman of the Las Vegas Sands Corp. 
  • Atlantic City Mayor, Don Guardian, and his administration are recommending that "Live Nation" award Atlantic City a contract to hold 6 summer beach concerts in the 2016 season.
  • AC Mayor, Don Guardian, nominated Solicitor Jason Holt to be the city's next Business Administrator.
  • NJ lawmakers have been unable to agree on a casino referendum, making it harder to put the question before the voters next fall to approve expansion of new casinos in the northern NJ.  This is good news, very good news, for Atlantic City.
  • Atlantic City could face Bankruptcy after missing a Tax-Repayment of more than $150 million to the Borgata Hotel and Casino.  AC's Mayor has said "the city can't afford to pay that all at once," and has said "the city could be forced into bankruptcy if it is ordered to do so.
  • The CRDA (Casino Reinvestment Development Authority), is considering bailing out the Steel Pier from a financial crisis that threatens to put the iconic amusement park out of business.  Lenders want to repossess some amusement rides that are presently on the pier.  The Steel Pier owes approximately $1.5 million in back bills.
  • The 25th annual Polar Bear Plunge is scheduled for 12:00pm, January 1, 2016 in front of Resorts Hotel and Casino.
  • Glenn Straub, Owner of the closed Revel Casino, ACR utilities company, and New York Mellon Bank have reached a deal that removes a major obstacle in the reopening of the former Revel Casino.  It's really simple - Straub bought the power company for $30 million.  One step closer to re-opening the Revel.
  • We are hoping to have another guest speaker at the March meeting.  There will be more news on the speaker to follow.
  • This is not a rumor - The Casino Collectibles Convention is June 22-25 at the South Point Casino, LV.

 

Trivia Question:  How much money does Mr. Glenn Straub really have? 

On behalf of the Board of Directors, I would like to take this opportunity to wish everyone a wonderful, happy, healthy and very prosperous 
New Year

Marc Maahs

Marc Maahs, Vice-President, mjmmazman@yahoo.com 


September 2015 2

Hello Atlantic City Chippers,

Summer is almost over and it's time for the September 20, 2015 meeting of the ACCCC (Atlantic City Casino Collectibles Club). We are promising a fantastic day in AC with the sun shining and the birds (seagulls) singing. The meeting will be held at Bally's Hotel and Casino and the doors will open at 11:00am. Remaining Dates for this Year: September 20, and November 15, 2015.

Recap of the May 15, 2015 Meeting

  • The trading session started at 11:00am.
  • All club officers were present except for VP-Marc Maahs (Cruising in Alaska), Treasurer-Martin Thaw (Attending Delaware's Bacon Bash).
  • There were 38 club members and 2 guests present.


President Charlie Kaplan postponed the installation of the new officers until the September 20th meeting.

50/50 Winners: First prize was Charles Kaplan $55.00 (Who donated it back to the Club); Thank you Mr.

Kaplan. Second prize $35.00 to Bob Baker, and Bob LaBelle received $25.00 for third prize.

Our condolences to club member Anthony Solimine for the passing away of his mother, Lillian Solimine.


Rumor Control

  • Glenn Straub blames "Giant Seagulls" for the smashing of windows at the Revel Hotel and Casino on Friday 21, 2015. People, stop feeding those seagulls when you go to the beach!
  • AC Casinos reported revenue of 3.5 percent ($1.65 Billion), during the first half of 2015.
  • Maroon 5 packed the beach on August 16th. 50,000 fans enjoyed the beach concert and Atlantic City enjoyed the economic impact of over $24 Million dollars for the struggling city. 
  • Rascal Flatts Aug. 20, played on the beach (More $$$$$$ For AC).
  • Atlantic City police adds 22 more officers to its force.
  • Five indicted in the 2014 Caesars casino robbery.
  • Resorts to unveil their new $5 million dollar conference center on the first week of September.
  • AC Air Show on September 2, 2015. "Thunder Over The Boardwalk.
  • Glenn Straub (owner of the Revel) docks his 154' foot yacht, "Triumphant Lady" at Farley's Marina across from the Golden Nugget Casino. It's for sale at $8.9 million. Which includes a filled 13,700 gallon fuel tank at $32,000.
  • Stockton University seeks new buyers for the shuttered Atlantic Club Casino.


The 23rd Annual CCGTCC Convention was held in Las Vegas at the South Point Hotel and Casino this past June. Please, if you have never thought about attending this Convention, you should consider attending next years. They are simply a blast! Next year dates are June 23-25, 2016. Plan NOW...See Brenda Black for more details.

May 2015

Hello Atlantic City Chippers,

It's officially Spring in Atlantic City.  The next meeting of the Atlantic City Casino Collectibles Club will be heldon May 17, 2015.  The meeting will be at Bally's Hotel and Casino, and the doors will open at 11:00am.  It willbe a fantastic sunny day on the AC boardwalk that day so all are encouraged to come out to play.  Remaining 2015 meeting dates are: Sep. 20, and Nov.  15. 


Recap of the March 22 meeting:•    

  • The trading session started approximately at 11:00am, there were 41 members present with 7 guests. 
  • All club officers were present with the exception of Marty Thaw (Treasurer).
  • Club President Charles Kaplan called the meeting to order approximately 12:00pm.
  • Nominations for Club officers were opened at this time.  All current board members are candidates fortheir current positions, with the exception of President and Vice-President.  Those two positions will "flip-flop".  Marc Maahs is a candidate for President and Charles Kaplan is a candidate for Vice-President. 
  • 50/50 Winners:  $60.00-Dave Trevett, $40.00-Rob Montebello and $25.00-Joe Testa.•
  • Jerry Birl conducted the Club Auction. 
  • Meeting adjourned at 1:30pm.


Bob Baker is a "Slot Card" collector.  Bob is currently the largest contributor of information to the ChipGuide. Bob has catalogued over 10,000 cards.  Working for over a year on this project, Bob has listed all of the US,Canada, Australia, New Zealand, and South America.  This download is free and can be seen per the links onthe ChipGuide.  Thanks to Bob Baker for his time and dedication to our hobby.

Rumor Central

  • Florida developer who's buying Atlantic City's former Revel casino has put up $26 million for anothershuttered casino next door and announced plans for a half-billion dollars' worth of redevelopment projects inthe struggling seaside gambling resort.  Glenn Straub is calling this his "The Phoenix Project".  The PhoenixProject includes transformation of the former Bader field airport that will re-open as an new aviation facility. Straub also plans on building an "Extreme "sports complex, Two marinas, a world-class equestrian complex,waterparks, universities and high-speed ferries and helicopter service connecting to  Manhattan.
  • Kevin Lavin and Kevyn Orr appointed by Governor Chris Christie in January as leaders of an emergencymanagement team in Atlantic City have resigned their positions.  This move comes a month after the teamissued its first report, saying the city will need $130 million dollars in budget cuts, including the possible layoffsof hundreds of city workers.
  • Morris Bailey, owner of Resorts Casino Hotel in Atlantic City, has revealed PokerStars is close to beinglicensed in NJ online gambling market.  Resorts and PokerStars would become partners in this endeavor.
  • Mark Juliano and the Sands are back in town.  Juliano, former AC casino executive and now President ofthe Sands Casino in Bethlehem, Pa., has opened a marketing office in Northfield, NJ.  Why, I wonder?
  • The Tropicana has just completed a $50 million dollar renovation project.  The revitalization includesupgrades to its North tower hotel rooms, a completely renovated casino, an all-new AtlantiCare LifeCenterFitness center and the spectacular must-see Tropicana Multimedia Light and Sound Show. 

The 23rd Annual CCGTCC Convention will be held June 24-27, 2015 at the South Point Hotel and Casino, in LasVegas, NV.  Volunteers always needed at the convention, contact Brenda Black. Please attend the September's 20th Meeting.  Mr. Fred Puggi will be our guest speaker.  Mr. Puggi started atthe Brighton Casino in 1979.  He has lived in South Jersey most of his life.  He opened Harrah's properties inthe "Cotton fields" of Mississippi in 1994.  He has also been Shift Manager for Caesars, Harrah's and theShowboat in Atlantic City.  He is presently at Harrah's Casino and Racino in Chester, PA.  With 36+ years in thecasino industry, Fred has story after story to share.  Please, you don't want to miss this meeting, September20th, 2015.

March 2015

The next Meeting of the Atlantic City Casino Collectibles Club (ACCCC) will be held on Sunday 22 March, 2015. It will be a "Gorgeous" day in Atlantic City. The weather will be sunny and warm (Just like our last meeting). Doors of the Park Ballroom at Bally's Hotel and Spa will open to all members at 11:00am.

Club and Chipping News

  • 2015 ACCCC meeting dates are: January 18, March 22, May 17, September 20, and November 15.
  • Nominations and Elections for Club Officers will take place at the March 22, 2015 Meeting. Installation of the

new Officers will take place at the May 17, 2015 Meeting.

Remember the CC&GTCC Convention: The 23rd "The Casino Chip & Gaming Token Collectors Club", June

25-27th, 2015. South Point Hotel & Casino, Las Vegas, Nevada. Contact Sheldon Smith or Brenda Black for more details.

Recap of January 18, 2015 Meeting

  • The Meeting was called to order approximately 11:00am by our President.
  • All board members were present.
  • 33 members and 6 guests were present.
  • 50/50 Winners: Bob Baker $45.00, Charles Kaplan $25.00 (Donated back to the Club), and Catherine Wheeler

$15.00.

The Club released the 20th Anniversary ACCCC Commemorative Chip.

Rumor Control

  • Caesars' Gary Loveman is stepping down as CEO, staying as Caesars' chairman.
  • Effective July 1, 2015, Mark Frissora, former chief executive of rental car company Hertz will be the new CEO.
  • Air Canada will start flying from Atlantic City to Toronto.
  • Local lead singer Frank Orsini (from the band "Don't call me Francis"), dies at age 52.
  • Borgata will open the 2015 season with new nightclubs and an outdoor entertainment venue featuring big-name

music festivals.

Glenn Straub of Florida still trying to purchase the Revel for $82 million. He plans to put a year-round indoor

waterpark in the facility.

The Philadelphia Soul will host an Arena Football League Game at Boardwalk Hall.

A L.A. developer shows interest in the Revel property.

January 2015

Happy New Year to All Chippers!

It's a New Year for the Atlantic City Casino Collectibles Club (ACCCC). The first meeting will be January 18, 2015 and will be held at Bally's Hotel and Spa. The doors will open at 11:00am and will be a fantastic sunny day with mild temperatures in AC. Please be sure to come out and support your club.

Dates for the 2015 Season are: January 18, March 22, May 17, September 20, and November 15, all at Bally's.

Summary from the November 16, 2014 Meeting

  • The trading session started approximately at 11:00am.
  • The general membership meeting was called to order approximately at 11:00am by President Charles Kaplan.
  • All club officers were present.
  • There were 58 members and 9 guests.
  • The Annual Buffet was held at The Golden Nugget. Only 38 members took advantage of the Buffet. Why? I don't

understand why more individuals don't take advantage of this "Once a year affair".

50/50 Winners: Theresa Garnier - $75.00, Angie Montebello - $50.00, and Russ Diaz - $25.00.

Mr. Jerry Birl conducted the Club Auction.

Meeting adjourned 1:40pm.

Rumor Control

  • Thanks to Carl Icahn for reinvesting $20 million to give the Trump Taj Mahal a reprieve to stay open. The Taj Mahal was slated to close December 20, 2014.
  • The Florida developer in line to purchase the former Revel Casino Hotel in Atlantic City wants a discount on the auction price. Lawyers for Glen Straub said in court filing that the property should be sold for $87 million, not $95.4 million the runner-up bid he put in. The Toronto-based firm won the auction for $110 million but backed out when it couldn't resolve a dispute over the $2.4 billion casino's costly power plant. Straub's lawyers believes the auction to be unfair and Straub wouldn't have bid more than his original $90 million bid. A judge is scheduled to consider the sale January 5, 2015.
  • Gary Loveman, President of Caesars Entertainment, put Bally's Atlantic City on notice in October, saying, "We need to make money there."
  • Wall Street firm Fitch Ratings predicts Atlantic City's casino revenue will dip to $2.6 billion this year (from $2.86 billion in 2013) and decline further to $2.5 billion in 2015.
  • Leon Black and Paul Singer battle over the fate of Caesars Entertainment Corp. Singer's Elliott Management Corp. and Black's Apollo Global Management LLC acquired Caesars Entertainment back in a leveraged historic buyout in 2008. Caesars is burdened by $25.5 billion in debt at this time. Both companies have been having pivotal negotiating sessions in Manhattan over the fate of Caesars Entertainment.
  • Stockton State College has purchased the Showboat Casino. Stockton plans are to expand their drama and theatre programs. Stockton paid $18 million for the 27 year old Mardi Gras themed property. The property will be used for student housing and conducting classes. Stockton also plans on operating an "open-to-the-public" hotel with at least 479 rooms. But no casino. Dolce Hotels and Resorts will operate the hotel for Stockton, which also operates Stockton's Seaview Hotel and golf club in Galloway.
  • Harrah's Philly (formerly, Harrah's Chester), broke the dealers' toke record. Toke Chairman Allan Glassman and his first assistant Fred Hoffman counted $44,306.60 on Black Friday (November 28, 2014). This shatters their old record. The news was so overwhelming that Mr. Hoffman was treated a few days later for ("stroke-like") symptoms in a nearby hospital. Fred is out of the hospital and is doing well, recovering comfortably at home. Get well soon Fred. Everybody misses you. Congratulations Harrah's Chester on a new toke record.

Trivia Question

The Spanish Literary Master Miguel de Cervantes, author of Don Quixote in 1601, wrote about two gamblers from Seville, Spain whose favorite game is "Ventiuna". What is Ventiuna?

See you on the Boardwalk, Happy Chipping Everybody,

Marc Maahs