Atlantic City NJ
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.
Atlantic City mayor Don Guardian discussed his long-term goals for the shore town that has been wracked over the past few weeks by consolidation in the casino industry.
As expected, workers at the Trump Taj Mahal casino-hotel in Atlantic City have received formal warning that their jobs may be gone by mid-November.
Reports indicate that developer Glenn Straub wants nothing to do with a casino, assuming the deal goes through in federal bankruptcy court. But what he might do with the $2.4-billion property is not clear.
Once the crown jewel of the Atlantic City casino industry the Trump Taj Mahal filed for bankruptcy Tuesday and gave employees notice they’ll be laid off by mid-November
“I’m glad the governor reversed his course, because he vetoed my legislation doing exactly the same thing two months ago,” said state senator Frank Lesniak, of Union County.
As Atlantic City reels from a wave of casino closings, there are reports that yet another shore resort gambling hall may soon head into federal bankruptcy court.
A resource center has opened in Atlantic City, NJ to assist the thousands of people laid off by this weekend’s shutdown of the Revel and Showboat casinos.
Labor Day may not be much of a holiday for several thousand workers at the Showboat and Revel casinos in Atlantic City, both of which will be closing their doors. Mayor Don Guardian is hopeful for the town’s future.