Atlantic City Casinos
Data released Wednesday by New Jersey regulators shows the casinos won $257.5 million from gamblers last month, compared to $238.3 million in July 2014.
The two Atlantic County Democrats will introduce legislation stating that any covenants or deed restrictions on property held by public entities in the city’s tourism district violate the public interest. They say that would make them void and unenforceable.
The New Jersey Assembly Thursday passed a series of bills aimed at helping Atlantic City through its ongoing financial crisis.
There’s a proposal in the state legislature that could pave the way for up to three new gambling facilities in the northern part of the state.
Two generators and one backup have arrived at the site, and will be hooked up soon.
Straub now owns the glittering facility, which some might call a “white elephant,” that sits at the northern end of the Atlantic City boardwalk.
Officials at Stockton say they knew about the longstanding covenant between Trump Entertainment and the Showboat, but were assured it wouldn’t be a problem.
The judge overseeing the Revel hotel bankruptcy in Atlantic City has decided that she can’t rule now on the $82-million offer from Florida developer Glenn Straub.
Glenn Straub’s agreement to buy the defunct casino-hotel expired at midnight Monday. He wants another month to deal with utility issues and the appeals of commercial tenants who remain.
Straub had until midnight yesterday to close on the sale, but didn’t.
And it may center around the defunct Revel property, soon to be bought by Florida developer Glenn Straub.
By executive order, Christie appointed Kevin Lavin as the city’s emergency manager and Kevyn Orr as special counsel to the emergency manager.
The line stretched out of the ballroom of the Sheraton, around the corridor, wrapped around a spiral staircase and ended at the front door of the hotel.
Company officials say operations at its facilities, including a pair of Atlantic City casinos, will go on as usual.
With four casinos gone in the past year, putting more than 8,000 people out of work, New Jersey’s congressional delegation got the US Labor Department to put together $29.4 million in grants for retraining that idled work force.