Due to COVID, Atlantic City casinos have gotten pretty aggressive with their free play offers to get good players in the door, and a nice batch of those offers lured me out this past weekend. I didn't want to be in town for the insanity of Super Bowl Sunday, so I got in Thursday night and left Saturday night.
If you don't know, Atlantic City isn't like Vegas with dozens of smaller casinos around. Atlantic City has 9 casinos, and 3 are on the same players card system (Caesars). I don't bother with Bally's since it's not convenient enough for the niceness or the comps they give, so each trip has 6 stops.
Most AC casinos have 5x odds, and a bunch of them have a weird version of 5x odds where a $30 pass line or come bet allows you to take $250 odds on 6/8, $200 odds on 5/9, and normal 5x odds of $150 on 4/10 (so any hit pays $330). I typically do $30 pass line and $30 come bets to get 4 total targets on the board, but on my own rolls I usually keep doing come bets until I 7 out. If a table is good I'll do $300 each 6 and 8 before doing come bets as well.
I started my trip off at Tropicana since that where I was staying. I brought $3k and got a $5k marker to start off, and instantly went on a nice run, winning a quick $2k and deciding to hit and run after less than an hour. I also had $100 free slot play and some dining credit, so I used those and got another $100 profit and some decent food.
Friday morning I headed over to Hard Rock for some nice free play ($500 table play and a $300 Amazon gift card). I did my free play over at BJ and won $250, then headed to craps. The table was rough for a bit, I was down $4k or so, but then I had an awesome roll, got up $3k and quickly cashed out. (+$5.4k running total)
Resorts is probably the worst casino in AC. Weak comps, bad free play, not many other benefits, terrible rooms (so I've heard), old, run down casino, etc. I still go there each trip since it's right next door to Hard Rock anyways, and it's nice to walk on the boardwalk in between them for a few minutes. I only do quick sessions there. I was up $1000 after my first roll there and just left right away. Some minor free play got me another $50 or something. (+$6.4k running total)
Next stop was Ocean casino. This was another rough table at first, leaving me down $3k rather quickly and considering just cutting my losses since the rolls were all particularly bad. However on my second time getting the dice I went on another nice roll, lasting about 40 minutes, and ending up turning a $3k losing session into a $5k winning one. I won a couple hundred off of free play as well and had a nice dinner at their VIP lounge. (+$11.7k running total)
Saturday morning I ventured out again, heading back over to Hard Rock for $300 slot free play. I won $300 off of that, and headed over to craps. At this point I'm up $12k and want to leave up at least $10k for the trip, so I only buy in $2k. Luckily, I have a hot run right off the bat, and wind up winning $3k over an hour session and leaving. (+$15k running total)
My second to last stop was Borgata. They only gave me $200 match play and some dining credit, and I broke even on the match play and headed to craps. It was very back and forth, but finally caught a decent roll and left up $1k. (+$16k running total)
Last stop was Golden Nugget. I won $300 off of free slot play and then jumped on the table, where I broke about even for a bit and then got the dice again, and had another 40 or so minute roll, hitting a ton of 4s and 10s. People were going nuts because I kept throwing hard way winners, and multiple people had $50-100 on them (I never bet hard ways). After my roll I instantly colored up and left with exactly $5k profit. This put my total winnings for the trip at $21.3k cash and the $300 Amazon gift card. Best of all, I never left a table down. Talk about a hot run. Not bad for a 48 hour trip!
submitted by NEW INFO 5 Results from share redemption are posted. Less than .2% redeemed. Very bullish as investors are showing extreme confidence in the future of PLBY.
https://finance.yahoo.com/news/playboy-mountain-crest-acquisition-corp-120000721.html NEW INFO 4 Definitive Agreement to purchase 100% of Lovers brand stores announced 2/1.
https://www.streetinsider.com/Corporate+News/Playboy+%28MCAC%29+Confirms+Deal+to+Acquire+Lovers/17892359.html NEW INFO 3 I bought more on the dip today. 5081 total. Price rose AH to $12.38 (2.15%)
NEW INFO 2 Here is the full webinar.
https://icrinc.zoom.us/rec/play/9GWKdmOYumjWfZuufW3QXpe_FW_g--qeNbg6PnTjTMbnNTgLmCbWjeRFpQga1iPc-elpGap8dnDv8Zww.yD7DjUwuPmapeEdP?continueMode=true&tk=lEYc4F_FkKlgsmCIs6w0gtGHT2kbgVGbUju3cIRBSjk.DQIAAAAV8NK49xZWdldRM2xNSFNQcTBmcE00UzM3bXh3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_GKWqbHkeSyuWetJmLFkj4g&_x_zm_rtaid=kR45-uuqRE-L65AxLjpbQw.1611967079119.2c054e3d3f8d8e63339273d9175939ed&_x_zm_rhtaid=866 NEW INFO 1 Live merger webinar with PLBY and MCAC on Friday January 29, 2021 at 12:00 NOON EST link below
https://mcacquisition.com/investor-relations/press-release-details/2021/Playboy-Enterprises-Inc.-and-Mountain-Crest-Acquisition-Corp-Participate-in-SPACInsider-ICR-Webinar-on-January-29th-at-12pm-ET/default.aspx Playboy going public: Porn, Gambling, and Cannabis !!!WARNING READING AHEAD!!! TL;DR at the end. It will take some time to sort through all the links and read/watch everything, but you should.
In the next couple weeks, Mountain Crest Acquisition Corp is taking Playboy public. The existing ticker MCAC will become PLBY. Special purpose acquisition companies have taken private companies public in recent months with great success. I believe this will be no exception. Notably, Playboy is profitable and has skyrocketing revenue going into a transformational growth phase.
Porn - First and foremost, let's talk about porn. I know what you guys are thinking. “Porno mags are dead. Why would I want to invest in something like that? I can get porn for free online.” Guess what? You are absolutely right. And that’s exactly why Playboy doesn’t do that anymore. That’s right, they eliminated their print division. And yet they somehow STILL make money from porn that people (see: boomers) pay for on their website through PlayboyTV, Playboy Plus, and iPlayboy. Here’s the thing: Playboy has international, multi-generational name recognition from porn. They have content available in 180 countries. It will be the only publicly traded adult entertainment (porn) company. But that is not where this company is going. It will help support them along the way. You can see every Playboy magazine through iPlayboy if you’re interested. NSFW links below:
https://www.playboy.com/ https://www.playboytv.com/ https://www.playboyplus.com/ https://www.iplayboy.com/ Gambling - Some of you might recognize the Playboy brand from gambling trips to places like Las Vegas, Atlantic City, Cancun, London or Macau. They’ve been in the gambling biz for decades through their casinos, clubs, and licensed gaming products. They see the writing on the wall. COVID is accelerating the transition to digital, application based GAMBLING. That’s right. What we are doing on Robinhood with risky options is gambling, and the only reason regulators might give a shit anymore is because we are making too much money. There may be some restrictions put in place, but gambling from your phone on your couch is not going anywhere. More and more states are allowing things like Draftkings, poker, state ‘lottery” apps, hell - even political betting. Michigan and Virginia just ok’d gambling apps. They won’t be the last. This is all from your couch and any 18 year old with a cracked iphone can access it. Wouldn’t it be cool if Playboy was going to do something like that? They’re already working on it. As per CEO Ben Kohn who we will get to later, “...the company’s casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth.” Honestly, I stopped researching Scientific Games' sports betting segment when I saw the word ‘omni-channel’. That told me all I needed to know about it’s success.
“Our SG Sports™ platform is an enhanced, omni-channel solution for online, self-service and retail fixed odds sports betting – from soccer to tennis, basketball, football, baseball, hockey, motor sports, racing and more.”
https://www.scientificgames.com/ https://www.microgaming.co.uk/ “This latter segment has become increasingly enticing for Playboy, and it said last week that it is considering new tie-ups that could include gaming operators like PointsBet and 888Holdings.”
https://calvinayre.com/2020/10/05/business/playboys-gaming-ops-could-get-a-boost-from-spac-purchase/ As per their SEC filing:
“Significant consumer engagement and spend with Playboy-branded gaming properties around the world, including with leading partners such as Microgaming, Scientific Games, and Caesar’s Entertainment, steers our investment in digital gaming, sports betting and other digital offerings to further support our commercial strategy to expand consumer spend with minimal marginal cost, and gain consumer data to inform go-to-market plans across categories.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tMDAA1 They are expanding into more areas of gaming/gambling, working with international players in the digital gaming/gambling arena, and a Playboy sportsbook is on the horizon.
https://www.playboy.com/read/the-pleasure-of-playing-with-yourself-mobile-gaming-in-the-covid-era Cannabis - If you’ve ever read through a Playboy magazine, you know they’ve had a positive relationship with cannabis for many years. As of September 2020, Playboy has made a major shift into the cannabis space. Too good to be true you say? Check their website. Playboy currently sells a range of CBD products. This is a good sign. Federal hemp products, which these most likely are, can be mailed across state lines and most importantly for a company like Playboy, can operate through a traditional banking institution. CBD products are usually the first step towards the cannabis space for large companies. Playboy didn’t make these products themselves meaning they are working with a processor in the cannabis industry. Another good sign for future expansion. What else do they have for sale? Pipes, grinders, ashtrays, rolling trays, joint holders. Hmm. Ok. So it looks like they want to sell some shit. They probably don’t have an active interest in cannabis right? Think again:
https://www.forbes.com/sites/javierhasse/2020/09/24/playboy-gets-serious-about-cannabis-law-reform-advocacy-with-new-partnership-grants/?sh=62f044a65cea “Taking yet another step into the cannabis space, Playboy will be announcing later on Thursday (September, 2020) that it is launching a cannabis law reform and advocacy campaign in partnership with National Organization for the Reform of Marijuana Laws (NORML), Last Prisoner Project, Marijuana Policy Project, the Veterans Cannabis Project, and the Eaze Momentum Program.”
“According to information procured exclusively, the three-pronged campaign will focus on calling for federal legalization. The program also includes the creation of a mentorship plan, through which the Playboy Foundation will support entrepreneurs from groups that are underrepresented in the industry.” Remember that CEO Kohn from earlier? He wrote this recently:
https://medium.com/naked-open-letters-from-playboy/congress-must-pass-the-more-act-c867c35239ae Seems like he really wants weed to be legal? Hmm wonder why? The writing's on the wall my friends. Playboy wants into the cannabis industry, they are making steps towards this end, and we have favorable conditions for legislative progress.
Don’t think branding your own cannabis line is profitable or worthwhile? Tell me why these 41 celebrity millionaires and billionaires are dummies. I’ll wait.
https://www.celebstoner.com/news/celebstoner-news/2019/07/12/top-celebrity-cannabis-brands/ Confirmation: I hear you. “This all seems pretty speculative. It would be wildly profitable if they pull this shift off. But how do we really know?” Watch this whole video:
https://finance.yahoo.com/video/playboy-ceo-telling-story-female-154907068.html Man - this interview just gets my juices flowing. And highlights one of my favorite reasons for this play. They have so many different business avenues from which a catalyst could appear. I think paying attention, holding shares, and options on these staggered announcements over the next year is the way I am going to go about it. "There's definitely been a shift to direct-to-consumer," he (Kohn) said. "About 50 percent of our revenue today is direct-to-consumer, and that will continue to grow going forward.” “Kohn touted Playboy's portfolio of both digital and consumer products, with casino-style gaming, in particular, serving a crucial role under the company's new business model. Playboy also has its sights on the emerging cannabis market, from CBD products to marijuana products geared toward sexual health and pleasure.” "If THC does become legal in the United States, we have developed certain strains to enhance your sex life that we will launch," Kohn said.
https://cheddar.com/media/playboy-goes-public-health-gaming-lifestyle-focus Oh? The CEO actually said it? Ok then. “We have developed certain strains…” They’re already working with growers on strains and genetics? Ok. There are several legal cannabis markets for those products right now, international and stateside. I expect Playboy licensed hemp and THC pre-rolls by EOY. Something like this:
https://www.etsy.com/listing/842996758/10-playboy-pre-roll-tubes-limited?ga_order=most_relevant&ga_search_type=all&ga_view_type=gallery&ga_search_query=pre+roll+playboy&ref=sr_gallery-1-2&organic_search_click=1 Maintaining cannabis operations can be costly and a regulatory headache. Playboy’s licensing strategy allows them to pick successful, established partners and sidestep traditional barriers to entry. You know what I like about these new markets? They’re expanding. Worldwide. And they are going to be a bigger deal than they already are with or without Playboy. Who thinks weed and gambling are going away? Too many people like that stuff. These are easy markets. And Playboy is early enough to carve out their spot in each. Fuck it, read this too:
https://www.forbes.com/sites/jimosman/2020/10/20/playboy-could-be-the-king-of-spacs-here-are-three-picks/?sh=2e13dcaa3e05 Numbers: You want numbers? I got numbers. As per the company’s most recent SEC filing:
“For the year ended December 31, 2019, and the nine months ended September 30, 2020, Playboy’s historical consolidated revenue was $78.1 million and $101.3 million, respectively, historical consolidated net income (loss) was $(23.6) million and $(4.8) million, respectively, and Adjusted EBITDA was $13.1 million and $21.8 million, respectively.”
“In the nine months ended September 30, 2020, Playboy’s Licensing segment contributed $44.2 million in revenue and $31.1 million in net income.”
“In the ninth months ended September 30, 2020, Playboy’s Direct-to-Consumer segment contributed $40.2 million in revenue and net income of $0.1 million.”
“In the nine months ended September 30, 2020, Playboy’s Digital Subscriptions and Content segment contributed $15.4 million in revenue and net income of $7.4 million.”
They are profitable across all three of their current business segments.
“Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. The Company has over $400 million in cash flows contracted through 2029, sexual wellness products available for sale online and in over 10,000 major retail stores in the US, and a growing variety of clothing and branded lifestyle and digital gaming products.”
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF Growth: Playboy has massive growth in China and massive growth potential in India. “In China, where Playboy has spent more than 25 years building its business, our licensees have an enormous footprint of nearly 2,500 brick and mortar stores and 1,000 ecommerce stores selling high quality, Playboy-branded men’s casual wear, shoes/footwear, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories. We have achieved significant growth in China licensing revenues over the past several years in partnership with strong licensees and high-quality manufacturers, and we are planning for increased growth through updates to our men’s fashion lines and expansion into adjacent categories in men’s skincare and grooming, sexual wellness, and women’s fashion, a category where recent launches have been well received.” The men’s market in China is about the same size as the entire population of the United States and European Union combined. Playboy is a leading brand in this market. They are expanding into the women’s market too. Did you know CBD toothpaste is huge in China? China loves CBD products and has hemp fields that dwarf those in the US. If Playboy expands their CBD line China it will be huge. Did you know the gambling money in Macau absolutely puts Las Vegas to shame? Technically, it's illegal on the mainland, but in reality, there is a lot of gambling going on in China.
https://www.forbes.com/sites/javierhasse/2020/10/19/magic-johnson-and-uncle-buds-cbd-brand-enter-china-via-tmall-partnership/?sh=271776ca411e “In India, Playboy today has a presence through select apparel licensees and hospitality establishments. Consumer research suggests significant growth opportunities in the territory with Playboy’s brand and categories of focus.” “Playboy Enterprises has announced the expansion of its global consumer products business into India as part of a partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India.” “The Indian market today is dominated by consumers under the age of 35, who represent more than 65 percent of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.” “The Playboy international portfolio has been flourishing for more than 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the millennial and gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.”
https://www.licenseglobal.com/industry-news/playboy-expands-global-footprint-india It looks like they gave COVID the heisman in terms of net damage sustained: “Although Playboy has not suffered any material adverse consequences to date from the COVID-19 pandemic, the business has been impacted both negatively and positively. The remote working and stay-at-home orders resulted in the closure of the London Playboy Club and retail stores of Playboy’s licensees, decreasing licensing revenues in the second quarter, as well as causing supply chain disruption and less efficient product development thereby slowing the launch of new products. However, these negative impacts were offset by an increase in Yandy’s direct-to-consumer sales, which have benefited in part from overall increases in online retail sales so far during the pandemic.” Looks like the positives are long term (Yandy acquisition) and the negatives are temporary (stay-at-home orders).
https://www.sec.gov/Archives/edgadata/1803914/000110465921006093/tm213766-1_defa14a.htm This speaks to their ability to maintain a financially solvent company throughout the transition phase to the aforementioned areas. They’d say some fancy shit like “expanded business model to encompass four key revenue streams: Sexual Wellness, Style & Apparel, Gaming & Lifestyle, and Beauty & Grooming.” I hear “we’re just biding our time with these trinkets until those dollar dollar bill y’all markets are fully up and running.” But the truth is these existing revenue streams are profitable, scalable, and rapidly expanding Playboy’s e-commerce segment around the world.
"Even in the face of COVID this year, we've been able to grow EBITDA over 100 percent and revenue over 68 percent, and I expect that to accelerate going into 2021," he said. “Playboy is accelerating its growth in company-owned and branded consumer products in attractive and expanding markets in which it has a proven history of brand affinity and consumer spend.”
Also in the SEC filing, the
Time Frame:
“As we detailed in the definitive proxy statement, the SPAC stockholder meeting to vote on the transaction has been set for February 9th, and, subject to stockholder approval and satisfaction of the other closing conditions, we expect to complete the merger and begin trading on NASDAQ under ticker PLBY shortly thereafter,” concluded Kohn.
The Players: Suhail “The Whale” Rizvi (HMFIC), Ben “The Bridge” Kohn (CEO), “lil” Suying Liu & “Big” Dong Liu (Young-gun China gang). I encourage you to look these folks up. The real OG here is Suhail Rizvi. He’s from India originally and Chairman of the Board for the new PLBY company. He was an early investor in Twitter, Square, Facebook and others. His firm, Rizvi Traverse, currently invests in Instacart, Pinterest, Snapchat, Playboy, and SpaceX. Maybe you’ve heard of them. “Rizvi, who owns a sprawling three-home compound in Greenwich, Connecticut, and a 1.65-acre estate in Palm Beach, Florida, near Bill Gates and Michael Bloomberg, moved to Iowa Falls when he was five. His father was a professor of psychology at Iowa. Along with his older brother Ashraf, a hedge fund manager, Rizvi graduated from Wharton business school.” “Suhail Rizvi: the 47-year-old 'unsocial' social media baron: When Twitter goes public in the coming weeks (2013), one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his photos from the internet. In IPO, Twitter seeks to be 'anti-FB'” “Prince Alwaleed bin Talal of Saudi Arabia looks like a big Twitter winner. So do the moneyed clients of Jamie Dimon. But as you’ve-got-to-be-joking wealth washed over Twitter on Thursday — a company that didn’t exist eight years ago was worth $31.7 billion after its first day on the stock market — the non-boldface name of the moment is Suhail R. Rizvi. Mr. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter with a 15.6 percent stake worth $3.8 billion at the end of trading on Thursday (November, 2013). Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan’s wealthiest clients.”
https://www.nytimes.com/2013/11/08/technology/at-twitter-working-behind-the-scenes-toward-a-billion-dollar-payday.html Y’all like that Arab money? How about a dude that can call up Saudi Princes and convince them to spend? Funniest shit about I read about him: “Rizvi was able to buy only $100 million in Facebook shortly before its IPO, thus limiting his returns, according to people with knowledge of the matter.” Poor guy :(
He should be fine with the 16 million PLBY shares he's going to have though :)
Shuhail also has experience in the entertainment industry. He’s invested in companies like SESAC, ICM, and Summit Entertainment. He’s got Hollywood connections to blast this stuff post-merger. And he’s at least partially responsible for that whole Twilight thing. I’m team Edward btw.
I really like what Suhail has done so far. He’s lurked in the shadows while Kohn is consolidating the company, trimming the fat, making Playboy profitable, and aiming the ship at modern growing markets.
https://www.reuters.com/article/us-twitter-ipo-rizvi-insight/insight-little-known-hollywood-investor-poised-to-score-with-twitter-ipo-idUSBRE9920VW20131003 Ben “The Bridge” Kohn is an interesting guy. He’s the connection between Rizvi Traverse and Playboy. He’s both CEO of Playboy and was previously Managing Partner at Rizvi Traverse. Ben seems to be the voice of the Playboy-Rizvi partnership, which makes sense with Suhail’s privacy concerns. Kohn said this:
“Today is a very big day for all of us at Playboy and for all our partners globally. I stepped into the CEO role at Playboy in 2017 because I saw the biggest opportunity of my career. Playboy is a brand and platform that could not be replicated today. It has massive global reach, with more than $3B of global consumer spend and products sold in over 180 countries. Our mission – to create a culture where all people can pursue pleasure – is rooted in our 67-year history and creates a clear focus for our business and role we play in people’s lives, providing them with the products, services and experiences that create a lifestyle of pleasure. We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” said Ben Kohn, CEO of Playboy.
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” Mr. Kohn continued, “We are actively selling into the Sexual Wellness consumer category, projected to be approximately $400 billion in size by 2024, where our recently launched intimacy products have rolled out to more than 10,000 stores at major US retailers in the United States. Combined with our owned & operated ecommerce Sexual Wellness initiatives, the category will contribute more than 40% of our revenue this year. In our Apparel and Beauty categories, our collaborations with high-end fashion brands including Missguided and PacSun are projected to achieve over $50M in retail sales across the US and UK this year, our leading men’s apparel lines in China expanded to nearly 2500 brick and mortar stores and almost 1000 digital stores, and our new men’s and women’s fragrance line recently launched in Europe. In Gaming, our casino-style digital gaming products with Scientific Games and Microgaming continue to see significant global growth. Our product strategy is informed by years of consumer data as we actively expand from a purely licensing model into owning and operating key high-growth product lines focused on driving profitability and consumer lifetime value. We are thrilled about the future of Playboy. Our foundation has been set to drive further growth and margin, and with the committed capital from this transaction and our more than $180M in NOLs, we will take advantage of the opportunity in front of us, building to our goal of $100M of adjusted EBITDA in 2025.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company Also, according to their Form 4s, “Big” Dong Liu and “lil” Suying Liu just loaded up with shares last week. These guys are brothers and seem like the Chinese market connection. They are only 32 & 35 years old. I don’t even know what that means, but it's provocative.
https://www.secform4.com/insider-trading/1832415.htm https://finance.yahoo.com/news/mountain-crest-acquisition-corp-ii-002600994.html Y’all like that China money?
“Mr. Liu has been the Chief Financial Officer of Dongguan Zhishang Photoelectric Technology Co., Ltd., a regional designer, manufacturer and distributor of LED lights serving commercial customers throughout Southern China since November 2016, at which time he led a syndicate of investments into the firm. Mr. Liu has since overseen the financials of Dongguan Zhishang as well as provided strategic guidance to its board of directors, advising on operational efficiency and cash flow performance. From March 2010 to October 2016, Mr. Liu was the Head of Finance at Feidiao Electrical Group Co., Ltd., a leading Chinese manufacturer of electrical outlets headquartered in Shanghai and with businesses in the greater China region as well as Europe.”
Dr. Suying Liu, Chairman and Chief Executive Officer of Mountain Crest Acquisition Corp., commented, “Playboy is a unique and compelling investment opportunity, with one of the world’s largest and most recognized brands, its proven consumer affinity and spend, and its enormous future growth potential in its four product segments and new and existing geographic regions. I am thrilled to be partnering with Ben and his exceptional team to bring his vision to fruition.”
https://www.businesswire.com/news/home/20201001005404/en/Playboy-to-Become-a-Public-Company These guys are good. They have a proven track record of success across multiple industries. Connections and money run deep with all of these guys. I don’t think they’re in the game to lose.
I was going to write a couple more paragraphs about why you should have a look at this but really the best thing you can do is read this SEC filing from a couple days ago. It explains the situation in far better detail. Specifically, look to page 137 and read through their strategy. Also, look at their ownership percentages and compensation plans including the stock options and their prices. The financials look great, revenue is up 90% Q3, and it looks like a bright future.
https://www.sec.gov/Archives/edgadata/1803914/000110465921005986/tm2034213-12_defm14a.htm#tSHCF I’m hesitant to attach this because his position seems short term, but I’m going to with a warning because he does hit on some good points (two are below his link) and he’s got a sizable position in this thing (500k+ on margin, I think). I don’t know this guy but he did look at the same publicly available info and make roughly the same prediction, albeit without the in depth gambling or cannabis mention. You can also search reddit for ‘MCAC’ and very few relevant results come up and none of them even come close to really looking at this thing.
https://docs.google.com/document/d/1gOvAd6lebs452hFlWWbxVjQ3VMsjGBkbJeXRwDwIJfM/edit?usp=sharing “Also, before you people start making claims that Playboy is a “boomer” company, STOP RIGHT THERE. This is not a good argument. Simply put. The only thing that matters is Playboy’s name recognition, not their archaic business model which doesn’t even exist anymore as they have completely repurposed their business.”
“Imagine not buying $MCAC at a 400M valuation lol. Streetwear department is worth 1B alone imo.”
Considering the ridiculous Chinese growth as a lifestyle brand, he’s not wrong.
Current Cultural Significance and Meme Value: A year ago I wouldn’t have included this section but the events from the last several weeks (even going back to tsla) have proven that a company’s ability to meme and/or gain social network popularity can have an effect. Tik-tok, Snapchat, Twitch, Reddit, Youtube, Facebook, Twitter. They all have Playboy stuff on them. Kids in middle and highschool know what Playboy is but will likely never see or touch one of the magazines in person. They’ll have a Playboy hoodie though. Crazy huh? A lot like GME, PLBY would hugely benefit from meme-value stock interest to drive engagement towards their new business model while also building strategic coffers. This interest may not directly and/or significantly move the stock price but can generate significant interest from larger players who will.
Bull Case: The year is 2025. Playboy is now the world leader pleasure brand. They began by offering Playboy licensed gaming products, including gambling products, direct to consumers through existing names. By 2022, demand has skyrocketed and Playboy has designed and released their own gambling platforms. In 2025, they are also a leading cannabis brand in the United States and Canada with proprietary strains and products geared towards sexual wellness. Cannabis was legalized in the US in 2023 when President Biden got glaucoma but had success with cannabis treatment. He personally pushes for cannabis legalization as he steps out of office after his first term. Playboy has also grown their brand in China and India to multi-billion per year markets. The stock goes up from 11ish to 100ish and everyone makes big gains buying somewhere along the way.
Bear Case: The United States does a complete 180 on marijuana and gambling. President Biden overdoses on marijuana in the Lincoln bedroom when his FDs go tits up and he loses a ton of money in his sports book app after the Fighting Blue Hens narrowly lose the National Championship to Bama. Playboy is unable to expand their cannabis and gambling brands but still does well with their worldwide lifestyle brand. They gain and lose some interest in China and India but the markets are too large to ignore them completely. The stock goes up from 11ish to 13ish and everyone makes 15-20% gains.
TL;DR: Successful technology/e-commerce investment firm took over Playboy to turn it into a porn, online gambling/gaming, sports book, cannabis company, worldwide lifestyle brand that promotes sexual wellness, vetern access, women-ownership, minority-ownership, and “pleasure for all”. Does a successful online team reinventing an antiquated physical copy giant sound familiar? No options yet, shares only for now. $11.38 per share at time of writing. My guess? $20 by the end of February. $50 by EOY. This is not financial advice. I am not qualified to give financial advice. I’m just sayin’ I would personally use a Playboy sports book app while smoking a Playboy strain specific joint and it would be cool if they did that. Do your own research. You’d probably want to start here:
WARNING - POTENTIALLY NSFW - SEXY MODELS AHEAD - no actual nudity though https://s26.q4cdn.com/895475556/files/doc_presentations/Playboy-Craig-Hallum-Conference-Investor-Presentation-11_17_20-compressed.pdf Or here:
https://www.mcacquisition.com/investor-relations/default.aspx Jimmy Chill: “Get into any SPAC at $10 or $11 and you are going to make money.”
STL;DR: Buy MCAC. MCAC > PLBY couple weeks. Rocketship. Moon.
Position: 5000 shares. I will buy short, medium, and long-dated calls once available.
submitted by "Lindsey’s been a personal disappointment." - Joe Biden, in the words of so many before him What a year! We'll be on hiatus until Monday, January 4. Safe and happy holidays, and see you around the inbox in 2021. Night Of The Living Fed
Say what you will about Senate Majority Leader Mitch McConnell, but it takes a special kind of work ethic to spend the weekend before Christmas holding up coronavirus relief for nefarious political reasons, while taking just one quick break to
get a vaccine in short supply. Sorry, not work ethic—what’s the phrase?—moral bankruptcy.
- A final relief agreement remains elusive after Senate Republicans, led by Sen. Pat Toomey (R-PA), decided to hold billions of dollars hostage to a late-announced demand that would cut off Federal Reserve lending programs created by the CARES Act. That’s for no purpose other than to hamstring the Biden administration, and it’s a big ol’ non-starter. As incoming NEC Director Brian Deese said in a statement: “Congress’s good faith effort to deliver immediate relief should not be delayed by provisions that could put our future financial stability at risk.”
- And yet, here we are! Lawmakers have until midnight on Friday to approve an extension of federal funding (and the attached stimulus package), which does not appear likely. Thanks to Toomey’s last-minute, godawful proposal, the House has passed another stopgap spending bill and the Senate is expected to do so shortly, in order to avoid a government shutdown while negotiations continue into the weekend. Republicans: Burning the Midnight Oil to Deny You Aid Unless It Screws Over Joe Biden Somehow™.
- It bears repeating that the deal Republicans are obstructing is one they’ve already hacked into an insulting sliver of what it could and should be. Where Democrats have demanded $1,200 direct payments, the restoration of $600 weekly unemployment insurance, retroactive benefits, and funding for state and local governments, Republicans have winnowed that down to $600 checks (“it’s nine months of rent, Michael, what could it cost? $10?”), $300 unemployment benefits that will end earlier as a “compromise” for those checks, and a wet raspberry to be blown in the direction of the millions of people who could lose their jobs when state and local governments have to find additional budget cuts.
In their mad scramble back to Austerity Mode, Republicans have held off calls for larger direct payments from (
checks notes) Sen. Josh Hawley (R-MO) and (
squints at notes, dons bifocals) President Donald Trump.
- Sen. Ron Johnson (R-WI) shot down Hawley’s bill to provide $1,200 direct payments, citing the national deficit, which he remembered this morning upon waking from a peaceful four-year slumber in a distant forest. Sending hungry families $1,200 checks would be “mortgaging our children's future,” said Johnson, who voted for a $741 billion defense budget last week. The Washington Post reported that White House aides stepped in on Thursday to stop Trump from calling for $2,000 checks, out of fear it would blow up negotiations. We’re sick of saying this all the time, but out of respect for the presidency, it seems like we should listen to what Mr. Trump has to say.
- While Republicans waste time on attempted sabotage, millions of people are in for the bleakest Christmas since Melania was at the top of her decorating game. The Labor Department reported on Thursday that new unemployment claims rose to 885,000, up 23,000 from the previous week and the highest weekly total since September. Nearly 13 million Americans are behind on their rent or mortgage, according to the latest Census survey, and just under 27.4 million adults reported suffering from food scarcity. If Ron Johnson’s so concerned about our children’s future, wait ‘til he hears about their present.
The embarrassing stimulus package that Senate Republicans will eventually, begrudgingly agree to is only on the table because they worry they’ll lose both Georgia Senate runoffs next month if they don’t pass something. Imagine what relief efforts will look like if Mitch McConnell is still in power in the new year without his majority at stake, then grab a shift to help Georgia voters
send him packing.
Look No Further Than The Crooked Media
Unholier Than Thou just released a very special episode with Crooked Media alum Brittany Packnett Cunningham. Phill and Brittany discuss the idea of Jesus Christ in the modern context as a social justice warrior. With Christmas fast approaching, the discussion around the identity (as a brown man, inmate, undocumented immigrant, etc.) of the holiday’s namesake is more relevant than ever. Take a listen, and make sure to subscribe to
Unholier Than Thou wherever you get your podcasts →
Under The Radar
Here, we got you a little Christmas grift: Jared Kusher helped create a shell company that funneled millions of dollars in campaign funding to Trump family members. American Made Media Consultants Corporation, whose creation Kushner approved, has spent approximately half of the Trump campaign’s $1.26 billion in total funds since 2019. The company allowed the Trump campaign to shield details of its spending, and while earlier reporting pinned the whole scheme on former Trump Campaign Manager Brad Parscale, we now know that the family was directly involved: Lara Trump was AMMC’s president, Vice President Mike Pence’s nephew was (fittingly) veep, and Trump campaign CFO Sean Dollman was treasurer and secretary. Nothing a last-minute blanket pardon won’t clear up!
What Else?
The Trump administration has abruptly halted defense briefings for Biden’s transition team. After Axios reported that Acting Defense Secretary Chris Miller had ordered Pentagon officials to stop cooperating with the transition, Miller
explained that it was just for a wildly unusual holiday break. Here’s Biden transition director Yohannes Abraham: “Let me be clear: there was no mutually agreed upon holiday break."
The Supreme Court delayed a ruling on whether Trump can exclude undocumented immigrants from the Census count. The three liberal justices disagreed that it was “premature” to rule that the policy is unconstitutional.
Rep. Cedric Richmond (D-LA), an incoming White House senior advisor, has tested positive for coronavirus after campaigning alongside Biden in Georgia on Tuesday. Biden tested negative on Thursday.
Former national security advisor Michael Flynn has continued calling for Trump to institute martial law to remain in power, arguing that military coups are actually no big deal in a Thursday appearance on Newsmax.
Rupert Murdoch has received his first dose of the coronavirus vaccine, while Tucker Carlson goes on his network and scares the shit out of people with vaccine disinformation. New York City’s Department of Investigation released a report outlining the many ways the NYPD screwed up during the George Floyd protests, resulting in excessive use of force.
The New York Times has retracted the reporting of its Caliphate podcast and will return the Peabody award it won, acknowledging that the central figure’s account of acting as an ISIS executioner in Syria couldn’t be substantiated.
The Space Force announced that its members will be called “Guardians,” and that this was the result of a year-long naming process, and that it is “a name chosen by space professionals, for space professionals,” and that Guardians will be hired based on resemblance to Chris Pratt, and only that last part is made up.
Atlantic City is auctioning off the opportunity to blow up Trump’s casino. If that’s out of your price range, keep in mind that tweeting “lol remember when you lost” at the president is both legal and free.
We normally wouldn't amplify vaccine misinformation, but this is important. Be Smarter
The extensive Russian hack of federal networks that the president has yet to acknowledge keeps getting more alarming. At least six government departments were breached in an operation that went undetected for eight months. DHS’s Cybersecurity and Infrastructure Security Agency warned that malware-infused software updates from SolarWinds may not have been hackers’ only access point to government networks, and restoring security to those networks may take months. It’s still unclear how many total agencies were affected or what data may have been stolen. Anyway, remember three decades ago, in 2018, when the Trump administration
eliminated the cybersecurity coordinator role on the NSC, and then spent 2019
bullying a whole bunch of cybersecurity experts out of the government? Seems like that might be worth a second look.
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Is That Hope I Feel?
The FDA has authorized Moderna's coronavirus vaccine. Nearly 76,000 new voters, a majority of them under the age of 35, have registered in Georgia since the November election. A federal judge has rejected a lawsuit from Sens. Kelly Loeffler (R-GA) and David Purdue (R-GA) aiming to get those new voters’ ballots thrown out. More than 1.1 million people in four countries have received their first coronavirus vaccine shots, according to a Bloomberg vaccine tracker that’s deeply soothing to stare at.
Look at you. Thank you. Keep it going. Enjoy
Netflix Is A Joke on Twitter: "We asked @KeatonPatti to force a bot to watch over 1,000 hours of holiday movies and then asked it to write a holiday movie of its own. Then we animated it. Here it is"
submitted by So to start off I've never been to a casino. My main drive for starting to learn NLHE was to play with friends and family as I'm tired of being left out and watching. I've played blackjack and while it's fun, it's boring. This lead me into learning poker and specifically NLHE. I find it fascinating and through this subreddit I decided that before spending any money online or at a casino I would try to read The Grinder's Manual by Peter Clarke. I'm about a tenth of the way through, taking notes like I'm in college again, making sure I understand what is being said and why it's being said, and playing rinky dink play money bullshit games on my phone to fill in the time.
That is my dilemma, though. I personally dont like (or am afraid of) gambling. I dont do scratch offs, sports bets, card games, etc but for the first time I've actually been interested in getting some playing time with real money.
This brings me to where I am now. To progress and move forward... would you all recommend I finish Clarke's book and gain a little more of a knowledge base before jumping in and playing, say, 2nl online? Or would playing a little bit while reading the book help me understand it a bit better? Maybe reading more books before playing? I also am wondering if playing 2, 5, 10nl for the purpose of practice and analysis until I can hold my own provide me with an advantage playing live cash games covid starts to ease up (there are local casinos and Atlantic City is an hr away). I know there isnt a right way or maybe even a best way as everyone is different, but I would just like to hear you're feedback with regards to a sound and solid way to progress from my position.
Thanks.
submitted by "You're going to play gotcha questions with me?" - Sen. Cory Gardner (R-CO), asked if he thought Joe Biden won the election Don't Wayne On My Parade
Eleven days after the election ended in decisive victory for Joe Biden, Republicans’ continued performance of uncertainty about the outcome is as appalling and dangerous as it is unrelentingly embarrassing.
- On Tuesday, the two Republican members of the Wayne County Board of Canvassers briefly refused to certify the election results in Michigan’s largest county, for a very valid reason that definitely wasn’t “Detroit has a lot of Black voters and we don’t think their votes should count.” (Against all odds, a white man in a polo shirt summed up this stunt best.) The Republicans reversed course on Tuesday night, for a very badass reason that definitely wasn’t “reporters started finding all the racist memes on our Facebook pages.” As a cherry on top, Donald Trump missed the memo and congratulated his would-be coup enablers on their courage, after they had agreed to certify the results.
- His hopes of stealing away Michigan’s electoral votes dashed, Trump has turned to Wisconsin, a state he lost by more than 20,000 votes. The Trump campaign has filed a petition for a recount, but only in Wisconsin’s two largest, most Democratic-leaning counties, for a very solid reason that assuredly wasn’t “we’ve been through this, that’s where all the young and Black voters are.” That partial recount cost the campaign $3 million, but if you can pay Rudy Giuliani $20,000 a day to rattle off conspiracy theories at an exasperated judge, what’s a few million dollars to lose Wisconsin again?
- As profoundly dumb as all of this is, it is also incredibly corrosive. It’s no particular surprise that Trump fired DHS’s cybersecurity director Chris Krebs for the crime of debunking his lies about the election having been stolen from him, but it deserved immediate, unanimous condemnation. Instead, Democratic lawmakers have spoken up, while Republicans, with a few half-hearted exceptions, have sat on their hands. What will it mean for future elections that a defeated president fired an official who safeguarded this election’s integrity and then told the truth about it, and a whole political party said “sure”?
Republicans might be blowing up democracy in slow-motion, but at least most of them aren’t pretending to agonize over it.
- Sources who have spoken to General Services Administrator Emily Murphy say she’s been struggling with her unilateral decision to delay the presidential transition, and feeling like she’s been put “in a very difficult position.” Boy have we got great news for Emily: This one’s actually super simple. There’s no real doubt about who won the election, so you can just go ahead and sign that piece of paper! Get a marketing job and move to Paris! You’re free!
- In the meantime, Joe Biden has been pushing ahead with transition briefings from outside experts. Those briefings have limitations, as advisors outside of the government won’t have the most up-to-date information, and can’t share classified intelligence. The White House has refused to provide even basic coronavirus data to the transition team, and in spite of the lives hanging in the balance if sabotaging the transition creates problems with vaccine distribution, HHS Secretary Alex Azar said the department won’t communicate with the Biden team until the GSA signs off.
Each of Trump’s far-fetched coup maneuvers has flopped, but way too many Republicans have been happy to give them a whirl, and there’s no reason to think they wouldn’t try again in an election with closer margins. Whatever surreal elements of this year we eventually shove down the memory hole for our collective sanity, that fact can’t be one of them.
Look No Further Than The Crooked Media
On today's Keep It stream, Ira, Louis, and Aida discuss Candace Owens and Ben Shapiro's fervor over Harry Styles wearing a dress on the cover of
Vogue: "The hilariousness of 'bring back manly men.' Where do you want them brought?" Watch and subscribe →
youtube.com/crookedmedia Under The Radar
Donald Trump just gave the worst possible job to a former speechwriter who was fired for having white nationalist ties. The White House dismissed Darren Beattie
in 2018 after it came to light that he had spoken at a white-supremacist conference, back when that was something the Trump administration could still be shamed about. Beattie then
took a bunch of taxpayer money from Rep. Matt Gaetz (R-FL), in a violation of House rules. Following that proud interlude, Trump has welcomed Beattie back into the administration fold with
an appointment to the Commission for the Preservation of America’s Heritage Abroad, which was established for the specific purpose of
preserving the memory of Holocaust victims. Sixty-three days until the Inauguration.
What Else?
The official U.S. coronavirus death toll has surpassed 250,000, and more than three million people are estimated to be currently contagious. Doctors on the coronavirus task force warned Vice President Mike Pence that the U.S. could see an average of 2000 deaths a day by Christmas (Scott Atlas was presumably in the bathroom), and urged Pence or Trump to stress the importance of mitigation efforts from the White House podium.
Neither of them has any scheduled plans to do so, but White House Press Secretary Kayleigh McEnany called statewide coronavirus restrictions “Orwellian,” if that’s helpful to anyone?
New York City’s public school system will shut down for in-person learning on Thursday (though bars, restaurants, and gyms are still open, lol), and Gov. Kim Reynolds (R-IA) has joined a growing number of Republican governors in issuing a mask mandate for the first time. All straight out of
Animal Farm.
The FAA has cleared Boeing’s 737 Max to resume flights, 20 months after grounding it following two fatal crashes and roughly 100 years before we will agree to step foot on one.
Trump has ordered the rushed withdrawal of troops from Iraq and Afghanistan, though not the total withdrawal he had campaigned on. According to one administration official, this is part of the White House’s galaxy brain strategy to
light more fires than Biden can put out.
Well, here’s unelected Sen. Kelly Loeffler (R-GA) violating Senate ethics rules by soliciting donations from a federal office building. Let’s
send her home, yes?
Donald Trump was terrified he would be cut in half by lasers at the opening of his Atlantic City casino in 1990, while “Eye of the Tiger” was blasting over the loudspeakers. Just a nice little image to carry close to your heart.
Rockefeller Center’s bummer of a Christmas tree has been widely deemed a metaphor for 2020. The tree’s
resident owl who was just minding his own business before getting dragged into midtown can confirm.
Be Smarter
One of the biggest takeaways from this election has been “Latino voters are not a monolith,” and while much of that analysis has focused on Florida, it’s just as true everywhere else. In Texas, Trump became the first GOP presidential candidate in a century to win Zapata County, which is more than 94 percent Hispanic or Latino. Dissecting the result the requires understanding the specific character of South Texas, where most Spanish-speaking residents self-identify as Tejano. Most consider themselves American above all else, wouldn’t identify as people of color, and have positions on gas and oil, guns, and abortion that are closely aligned with the Republican Party. The Trump campaign recognized and effectively targeted that specific community, and Democrats will need more than generic messaging to win it back.
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Is That Hope I Feel?
A federal judge has blocked the Trump administration’s policy of using the pandemic as an excuse to turn away migrant children seeking asylum at the border. Pfizer now says that its vaccine actually seems to be 95 percent effective, and, implicitly, that Moderna can eat its shorts. Pfizer plans to apply for emergency use authorization from the FDA within days.
The FDA has issued emergency use authorization for the first at-home rapid coronavirus test. Tiara Mack has become the first openly LGBTQ Black person elected to the Rhode Island state Senate, at age 26: “I'm going to be unapologetically Black, I'm going to be unapologetically queer, and I'm going to be unapologetically young, and I'm going to push back against the system that tells us we don't deserve justice now.”
Enjoy
Philip Michaels on Twitter: "This Senate hearing looks like the tale of a marooned lighthouse keeper and the robot butler he built to stave off loneliness."
submitted by There is this relatively recent commercial that plays constantly on News 12 New Jersey for the Golden Nugget in Atlantic City, NJ. It probably plays in PA and NY as well and is for online gambling (New Jersey allows it, but you technically have to be physically in the state). The owner is on a virtual Zoom call (evidently recorded during COVID-19) and is announcing in an almost passive aggressive and mocking tone, to paraphrase, that "I hate to give up a million dollars, but I am so happy that a long time customer is getting this". He then "hands" over a fake million dollar check to a very bloated but clearly content gambler. When you see this guy's tone and demeanor, especially his fake and nearly sarcastic "I am so happy", he comes across as almost threatening and menacing, like he is Robert Deniro in "Casino", wagging his finger and smirking while implying, "You mutha-####, you got me dis time, enjoy it while it lasts, you fat bastard." I do not know what viewers are supposed to take away from the commercial. A guy who is a "long time" gambler, who sort of looks it, too, "just" won a million dollars. The guy probably lost close to as much money as "a long time" gambler. The owner clearly tries to vocally emphasize that he is happy that a "long time customer" won, implying that some schmo who wins on his first try will clearly tick off the owner. He is almost saying, "I want the habitual gamblers to come here, and if they happen to win, I will be ok with it just once, but don't push your damn luck." When he says he is "so happy", he is clearly anything but happy based on the tone of his voice. What is odd is that with a commercial you get many takes to get it right. This looks like it was done on one take and the guy was doing a bad job hiding his displeasure. I understand that Golden Nugget probably has many "million dollar winners" and the guy isn't going to cry about that every time someone happens to win. But he really does come across as if he is in emotionally retching pain telling the guy he's getting a million dollars. I have also read that entrepreneurs are extremely thrifty and many will actually bemoan the loss of even small amounts. In any case, the commercial does not present anything novel or interesting about the casino, while really showing more about the owner, who comes off as bitter and even angry. Maybe they were trying to show a "personal side" to the owner? Maybe he was aiming to come across as a "buddy" to gamblers who is "in it for them". But that is clearly not what came across. Had the owner wanted to appeal to (1) the public at large or (2) long time gamblers more specifically, he could have done the same thing but avoided the unnecessary commentary where he says "I am so [effin] happy". But his face, tone, and demeanor all say "I am so unhappy". A lot of these people don't realize that people are not stupid and they can tell when they are being told a lie. Narcissists, in general, are bad at realizing that people can see their lies through them, because they think that people buy into all of their b.s. I am not sure if the guy is a narcissist or not but he must have thought, looking at the finished product, that "Damn, that looked good", which clearly it did not.
submitted by Anyone know if casinos out west or even Atlantic City have started to lower their table minimums yet? My local few still have not due to making up lost revenue from Covid. Still can’t get decent rules without $25 min.
submitted by I am at Atlantic City and especially with covid this place is a vegan desert.
I already knew about Tony Boloney’s, thankfully since I work in Hoboken where they also have a location. I also found the Healthy Hippo that has acai/pitaya bowls, but I don't really consider that a full meal.
I can't really figure out what to eat here. They also don't have any of the national taco/burrito joints like Chipotle, Moe's Southwest Grill, Taco Bell, Qdoba, etc. Or any of the national chains that have Beyond meat or Impossible burgers like White Castle, Burger King, TGI Friday's, etc. Most the casino restaurants that have vegan options don't open till quite late also.
Any suggestions? Leads?
submitted by My wife and I are planning a weekend stay to Atlantic City (first time) and I'm wondering if anyone has been recently and can speak to their experience with all the new restrictions. We'd like to go to Borgata but we're wondering if it would be better to be closer to the Boardwalk just so we're closer to other things.
I've been looking through each Casino's website for what's open and what's not, but I'd just like to know how the experience compares to what you're used to Pre-COVID. Thanks!
submitted by Atlantic City casinos are remaining open despite gaming properties in neighboring states being forced to close because of a jump in new COVID-19 cases. Atlantic City casino operators reported 251 new positive cases of Covid-19 among employees since reopening on July 2 at 25% capacity. More than 60% of those cases occurred in October . Direct casino-hotel workers , including executives, housekeepers, bellhops, security personnel, kitchen workers, administrative staff, slot attendants, and ATLANTIC CITY - The gaming floor at Hard Rock Hotel & Casino was abuzz bright and early Thursday morning, signaling the end of a near four-month COVID-19 lockdown for Atlantic City's biggest The pandemic economy has taken a severe toll on casino workers, especially tipped workers like cocktail servers and bartenders, says Bob McDevitt, head of Unite Here’s Local 54, which, pre-COVID-19 had 10,000 employed workers in Atlantic City and now has about 7,000. Effective Friday, February 5, at 8am per the New Jersey executive order: indoor dining has new expanded hours beyond 10pm and is available at an increased capacity of 35%, casino occupancy will also increase to 35% and beverage service is available 24/7 again on the casino floor. Atlantic City Casino Gambling Was on the Rise. Before the pandemic, gambling revenue in Atlantic City casinos had shown consistent increases for 21 months in a row. Compared to last year, casino gambling revenue is down over 42%. This makes sense, as Governor Phil Murphy ordered the closure of all the casinos for months. The Hard Rock Hotel & Casino Atlantic City and Harrah’s Resort had the most cases with 34 and 36 respectively. The Borgata had 20 while Bally’s reported 19. Ocean Casino Resort reported 18 positive cases and Caesars Atlantic City as well as the Golden Nugget only 13. The Tropicana had 12 while Resorts only seven. Safety Measures in Place COVID-19 Restrictions on Atlantic City Casinos Extended Another 30 Days. Posted on: January 19, 2021, 01:15h. Last updated on: January 19, 2021, 01:48h. ATLANTIC CITY, N.J. >> Atlantic City’s top casino is laying off or cutting the hours of 422 workers in what it says is a direct reaction to strict new indoor dining limits imposed by Gov. Phil Atlantic City’s casinos were on a path toward stability before COVID-19 reached New Jersey and put the famed resort town into yet another downward financial spiral. Three months of forced
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