Atlantic City NJ

(credit: Cleve Bryan/CBS3)

Bankruptcy Judge Allows Canadian Firm To Back Out of Purchasing Revel Casino

Judge Gloria Burns has granted a request by Revel Entertainment to cancel the $110-million sale to Toronto-based Brookfield Asset Management.

12/12/2014

(Glenn Straub, leaving bankruptcy court in Camden in October 2014.  File photo by David Madden)

Developer Glenn Straub Now First in Line to Purchase Revel Casino Facility

Straub had offered $95 million for the Atlantic City property. A hearing is scheduled for Friday to consider the motion.

12/10/2014

The Trump Taj Mahal Casino Resort in Atlantic City. (Credit: Ashley Wolf)

Closing Of Trump Taj Mahal Pushed Back 8 Days

The owners of Atlantic City’s Trump Taj Mahal have pushed back the scheduled closing date for the casino.

12/05/2014

The Trump Taj Mahal Casino Resort, seen from the Atlantic City Boardwalk. (Credit: Ashley Wolf)

Atlantic City Mayor Postpones Appearance in Trenton As Lawmakers Consider a North Jersey Casino

Atlantic City mayor Don Guardian cancelled his appearance, a spokesman saying a personal emergency came up that required his attention.

12/04/2014

(A horse-drawn carriage at 7th and Market Streets in center city Philadelphia.  Credit: Ed Fischer)

Confirmation of Pope Francis’ Visit Sends Philadelphia Hospitality Industry Into Overdrive

The hotels and historic sites have ten months to get ready. Most visitors will be encouraged to stay with host families.

11/18/2014

(Gov. Christie, center of photo, chairs a meeting to map out an economic recovery plan for Atlantic City, NJ.   Photo by David Madden)

Gov. Christie, Others Map Out Economic Recovery Plan For Atlantic City

By David Madden For the second time in three months, New Jersey governor Chris Christie held a summit today with all stakeholders on what lies ahead for the financially beleaguered town of Atlantic City. And […]

11/12/2014

The boardwalk in Atlantic City. (Credit: Ashley Wolf)

NJ Senate President Sweeney Unveils His Own Financial Survival Plan For Atlantic City

Sweeney likens the current financial situation of Atlantic City to that of Detroit.

11/11/2014

The Trump Taj Mahal Casino Resort, seen from the Atlantic City Boardwalk. (Credit: Ashley Wolf)

Judge OKs Cancellation Of Union Contract At Trump Taj Mahal

A federal bankruptcy judge in Delaware has approved the plan from billionaire investor Carl Icahn to take over the Trump Taj Mahal casino-hotel, in Atlantic City.

10/17/2014

The Trump Taj Mahal Casino Resort, seen from the Atlantic City Boardwalk. (Credit: Ashley Wolf)

Bankruptcy Court Decision Awaited on Atlantic City’s Taj Mahal Casino

Judge Kevin Gross is being asked by billionaire investor Carl Icahn, who holds most of the Taj Mahal’s debt, to dissolve union contracts and pension plans as one condition of taking over the place and keeping it running.

10/17/2014

(The Revel casino-hotel resort, on the Atlantic City boardwalk.  August 2014 file photo by David Madden)

New Owner of Revel Resort Sidesteps Rehiring of Laid-off Workers

Among the many provisions included in the $110-million deal for Brookfield Property Partners to buy the closed Revel Hotel and Casino is a statement that the company is not necessarily tied to rehiring Revel workers.

10/08/2014

Atlantic City's Revel Casino building, seen from the boardwalk. (File photo by Ashley Wolf)

Judge Affirms Sale of Revel Casino Over Complaints of Losing Bidder

Florida developer Glenn Straub, the only other major bidder in the auction, complained that the auction process, in its final hours, was rigged against him.

10/07/2014

(Credit: Jan Carabeo)

Revel Sold For $110M; Buyers Plan To Reopen It As A Casino

A Canadian asset management company that won a bankruptcy court auction for the failed Revel casino hotel in Atlantic City plans to reopen it as a casino.

10/01/2014

(A frame from a new "Do AC" television ad, provided by the Atlantic City Alliance)

Atlantic City Targets Philadelphians in Upcoming Tourism Ad Campaign

Liza Cartmell, with the Atlantic City Alliance, which is launching the ad campaign, says the specific target audience is Philadelphia.

09/29/2014

(The Atlantic City Expressway, in 2011 file photo)

Atlantic City Promoting Shore Trips With ‘Toll Free Tuesdays’ in October

One aspect of a new Atlantic City tourism campaign will give drivers what could be considered a “free ride” on certain days next month.

09/26/2014

New Jersey Governor Chris Christie, in file photo. (credit: Kena Betancur/ Getty Images)

Gov. Christie Welcomes Investors To Atlantic City — Even Donald Trump

Whatever the motivation, Christie says, if Trump wants in, no problem.

09/18/2014

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