Friday, March 9, 2012

Casino-Financed Express Train Between New York City and Atlantic City Closing Shop After Three Years of Operation

by Joe Kleiman, IPM Online News Editor

Atlantic City, NJ, USA (March 9, 2012) -- ACES, or Atlantic City Express Service, officially announced today that it is ceasing operation.  The double decker trains, which traveled between New York City's Penn Station and Atlantic City, with a brief stop in Newark, NJ, were financed by Caesars Atlantic City and Harrah's Resort, both Caesars Entertainment properties, and Borgata, a joint venture casino resort between Boyd Gaming Corporation and MGM Resorts International.  The three resorts invested a combined $19 million in the venture.  Additional funding was provided by the Casino Investment Redevelopment Authority of New Jersey, which invested $4.5 million for locomotives and an additional  $2 million during the first year of operation in order to offset close to $6 million in operating losses.  The train service was operated under contract by NJ Transit.

Service ceased operation in September 2011 and was scheduled to resume later this year.  Katie Dougherty, a spokeswoman for Ceasars Atlantic City, told the Associated Press: "We learned a lot about trains over the last three years.  It was an issue of tunnel time and track time and being able to provide a convenient schedule for riders. It just didn't work out."