5 QUESTIONS
Bart Blatstein
Founder & CEO , Tower Investments
Bart Blatstein is a developer , with his main focus in Philadelphia and later in Atlantic City . He arrived in Atlantic City about 10 years ago and bought development rights for the Pier at Caesars , which he dubbed the “ Playground .” When that venture failed , he bought the former Showboat Hotel Casino and Atlantic City ’ s Garden Pier . He recently opened the Island Water Park adjacent to Showboat and it ’ s been a huge success . He talks about his Atlantic City developments and about his faith in the future of the city with GGB Publisher Roger Gros . To hear a full version of this interview in a video and audio podcast , visit GGBMagazine . com .
1
GGB : Congratulations on the opening of the Island Waterpark at Showboat . How difficult was it to get financing for this facility and then to get it completed ? Blatstein : I ’ d like to say publicly it was simple , but man , was it difficult ! The financing was brutal . As you know , the climate changed for financing in the last couple years , but also it ’ s Atlantic City . Atlantic City is a tough town to get projects financed .
2
What has the reaction of the visitor been so far ?
I ’ m not on social media , but it has been told to me , it ’ s all been very favorable social media . The press has loved it . And it ’ s not just something that is Atlantic City , but it ’ s something for the region within a three-hour drive . And I ’ ve had nothing about accolades . I ’ ve been very blessed and I have a great team .
3
Two summers ago , you opened the Lucky Snake arcade , and last summer the Raceway opened , a great indoor go-cart track . What role do you have in those ventures ? I own everything there . I own all the machines and devices . When Covid started , at the very beginning I thought it was time to make some moves here because there ’ s a beginning , middle and end to everything . In the 45 years I ’ ve been doing this , I ’ ve been through recessions and downturns and whatever . So we scoured the country for bankrupt or closed arcades and started to populate the arcade and bought hundreds of machines . And we had tractor trailers coming in from all over the country . So we put together an arcade because everybody loves an arcade . Everything in there is something that I like myself . No one ever leaves an arcade unhappy . We have the only indoor go-cart track in the lobby of a hotel in the world . It ’ s a 40,000-square-foot go-cart track , and it ’ s been fun and very successful .
4
For years , people have been saying Atlantic City isn ’ t for children or families . Do you think you ’ re proving them wrong ? Yes , 100 percent . When I was growing up Atlantic City was always a great place for kids . You had a number of amusement piers . You had shops and restaurants and arcades , and you just had a lot to do for families . And one by one , they all disappeared with the advent of casino gambling in the ’ 70s . We ’ re changing that and people are coming back .
5
Do you think your family concept will be expanded to really welcome them back to
Atlantic City ? Less than 8 percent of the 24 million tourists that come to Atlantic City are families . So when you look at that number you can see the potential of introducing something very new and different . There is no facility like ours in the country — an indoor family multi-faceted entertainment venue . Quite frankly , there has never been an adaptive reuse of a casino , so we had to kind of invent it ourselves and people really enjoy it . So yes , I believe that you ’ re going to see a turnaround in Atlantic City that you haven ’ t seen in its 169-year history . To me it ’ s a no brainer . Over 20 percent of the land in the city is vacant land . And you have an administration that is very pro-business and pro-development . I wouldn ’ t be there doing what I ’ m doing unless the administration was very cooperative and helpful . And the mayor , Marty Small , actually dug in there and helped us get our permits in time to get open by July 4 . So I ’ m very bullish on Atlantic City , and it ’ s just a lot of fun .
“ They Said It ”
“ As you should fully understand , this longrunning and costly litigation is a direct result of your refusal to follow Oklahoma law . The four tribal gaming compacts you signed were invalid from the start because you did not have the approval or authorization from the Oklahoma legislature to enter the gaming compacts .”
CALENDAR
— Oklahoma Attorney General Gentner Drummond , in a letter to Governor Kevin Stitt asking him to end his longstanding legal battle with state tribes
September 6-8 : International Masters of Gaming Law ( IMGL ) Autumn 2023 Conference , Zurich Marriott , Zurich , Switzerland . Produced by IMGL . For more information , visit imgl . org .
September 19-21 : SBC Summit Barcelona , Fira Barcelona Montjuïc , Barcelona , Spain . Produced by SBC . For more information , visit SBCEvents . com .
September 28 : The Council on Compulsive Gambling of NJ ' s Annual Conference on Problem and Disordered Gambling , Holiday Inn East Windsor , NJ . Produced by the CCGNG . For more information visit 800gambler . org .
October 9-12 : Global Gaming Expo ( G2E ), The Venetian Expo , Las Vegas , Nevada . Produced by RX . For more information , visit globalgamingexpo . com .
October 31- November 2 : SBC Summit LatinoAmerica , Seminole Hard Rock Hotel & Casino , Miami , Florida . Produced by SBC . For more information , visit SBCEvents . com .
November 13-17 : SiGMA Europe , MMH Malta Ltd ., Il-Marsa , Malta . Produced by SiGMA Group . For more information , visit sigma . world .
November 22-23 : Eastern European Gaming Summit ( EEGS ), Inter Expo Center , Sofia , Bulgaria . Produced by AGIB . For more information , visit eegamingsummit . com .
December 6-7 : iGB L ! VE North America , Javits Center , New York , New York . Produced by Clarion Events . For more information , visit igblivenorthamerica . com .
February 6-8 : International Casino Exhibition ( ICE ), ExCeL London , London , U . K . Produced by Clarion Events . For more information , visit icelondon . uk . com .
8 Global Gaming Business SEPTEMBER 2023