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The Latest Atlantic City Gambling Victim
 
11.25.2014
 
New Jersey's oldest commercial wine producer, files for bankruptcy protection during reorganization
 
“Renault
 
The chief operating officer of Renault Winery says he hopes to restructure the company’s finances to “ensure us being here long into the future.”
Egg Harbor City, N.J.—A year ago, Atlantic City, N.J., had 12 casinos. Today, four have closed and another one, the Trump Taj Mahal, may shut its doors in December. For years Atlantic City was viewed as the “Las Vegas of the East.” Tourists flocked to the casinos, then visited Jersey shore towns and beaches as well as other local attractions, including nearby wineries. However, casinos have opened in neighboring states, and in the past five years the number of gamblers and other tourists in Atlantic City has declined. When the first Pennsylvania casino opened in 2006, revenue at Atlantic City’s casinos was $5.2 billion; by 2013, that revenue had dropped to $2.86 billion.
 
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Cold Snap Speeds Ice Wine Harvest
 
11.24.2014
 
Washington and British Columbia winemakers call November pick the earliest in years
 
Chateau Ste. Michelle Ice Wine grapes
 
 
Chateau Ste. Michelle harvested clusters of Riesling for its ice wine program Nov. 15, earlier than normal, due to below-freezing temperatures at its Horse Heaven Vineyard in Paterson, Wash.
Prosser, Wash.—The past week brought cold weather to the Northwest, just days after many wineries finished bringing in the 2014 harvest.

But the opportunity to pick grapes for ice wine trumped fears of frost damage for many vintners, with initial reports suggesting that conditions hit a sweet spot for capitalizing on wintry conditions.


 
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Wine Industry Metrics
 
Off-Premise Sales » Month   12 Months  
October 2014 $570 million
6%
$7,775 million
6%
October 2013 $539 million $7,342 million
     
Direct-to-Consumer Shipments » Month   12 Months  
October 2014 $284 million
18%
$1,751 million
13%
October 2013 $240 million $1,556 million
     
Winery Job Index » Month   12 Months  
October 2014 139
6%
226
18%
October 2013 131 192
     
 
MORE » Released on 11.13.2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 

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