James Place or Oriental Avenue, players thought more about winning the game than about which city was its inspiration. The street names within the game became as familiar as Main Street USA, from humble Baltic Avenue to exclusive Boardwalk. It spurred arguments concerning who would assume the role of the banker, how much money would each player get, and how to properly pronounce “Reading Railroad.” (pronounced red-ding). It added names and phrases to the cultural lexicon such as community chest, luxury tax, free parking, and water works.

Only Hard Rock also increased its in-person revenue over that time frame, from $324 million to $431 million.A popular game, for years, drove players to toss a pair of dice and move their tokens around a square board accumulating properties, paying fines, receiving revenue, building structures, and even landing in jail. “When we got here, the place was like, ‘How do we not spend money and just get through and not close?’”īut under new ownership, it has turned itself around, seeing its in-person gambling revenue increase from $215 million in 2019 to $306 million last year. “This is a $2.5 billion asset, and it was being run like a $110 million property,” Callahan said.

Revel opened in 2012, and closed after little more than two years of operation, massive losses and two bankruptcy filings.Įven the early days of Ocean were touch-and-go.

We are confident in Bill’s ability to lead Ocean forward as we become the premier gaming destination in Atlantic City.” “He has been an integral part of enhancing the guest experience across the property, while helping to build the best hospitality team in the market. “Bill is a 25-year veteran of the gaming industry who has done a great job since joining the team at Ocean,” said Bruce Dall, president of OCRM, LLC, the new entity encompassing Ocean’s ownership.

Ocean casino ac