Asked if the package, if enacted into law, would be enough to keep the Taj Mahal open, Robert Griffin, CEO of Trump Entertainment Resorts, would only say, “We will see.”
Rough seas act as a warning of things to come as wet, windy weather is about to soak the shore.
Bankrupt Trump Entertainment Resorts and the city of Atlantic City have reached a deal to let the city collect unpaid taxes.
The owners of the former Atlantic City casino, which closed on Sept. 2, filed an appeal Monday of a bankruptcy court order letting Atlantic City hold a tax sale of the unpaid debt.
The Trump Taj Mahal casino is offering to restore health insurance to its workers as part of a last-ditch effort to keep the struggling Atlantic City casino open.
The death of a man who died two weeks after he fell at Harrah’s Hotel and Casino in Atlantic City is now under investigation.
Sources tell KYW Newsradio a meeting will be held Monday in New York City, hosted by Revel bankruptcy attorneys, in the hope of getting the accord with Brookfield Asset Management back on track.
Revel opened in April 2012. It cost $2.4 billion to build, but never turned a profit.
Unite Here Local 54 held a march on the boardwalk Wednesday afternoon to protest billionaire investor Carl Icahn and Trump Entertainment for stripping worker benefits as a condition of keeping the Trump Taj Mahal open.
Pennsylvania gaming officials are expected to finally show their hand this afternoon on a second casino license for Philadelphia.
Ruela’s jackpot was the first seven-figure online prize in New Jersey, and the third-largest prize won by a gambler in the state this year, including Internet and land-based casinos.
State gambling regulators will meet this week to decide whether, and to whom, to award Philadelphia’s second and final casino license.
KYW discussed the impact with a local gaming industry analyst.
A southern New Jersey lawmaker is proposing legislation to add Atlantic City to the state’s Urban Enterprise Zone project, enabling it to charge half the state sales tax and qualify for other economic incentives.
The Richard Stockton College is buying the former Showboat casino and plans to use it as a satellite campus.