Atlantic City NJ
Judge Gloria Burns has granted a request by Revel Entertainment to cancel the $110-million sale to Toronto-based Brookfield Asset Management.
Straub had offered $95 million for the Atlantic City property. A hearing is scheduled for Friday to consider the motion.
The owners of Atlantic City’s Trump Taj Mahal have pushed back the scheduled closing date for the casino.
Atlantic City mayor Don Guardian cancelled his appearance, a spokesman saying a personal emergency came up that required his attention.
The hotels and historic sites have ten months to get ready. Most visitors will be encouraged to stay with host families.
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 […]
Sweeney likens the current financial situation of Atlantic City to that of Detroit.
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.
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.
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.
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.
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.
Liza Cartmell, with the Atlantic City Alliance, which is launching the ad campaign, says the specific target audience is Philadelphia.
One aspect of a new Atlantic City tourism campaign will give drivers what could be considered a “free ride” on certain days next month.
Whatever the motivation, Christie says, if Trump wants in, no problem.