The owners of Atlantic City’s Trump Taj Mahal have pushed back the scheduled closing date for the casino.
“Maybe another newspaper? I don’t know. We’ll deal with that next week,” said Bart Blatstein, who had hoped to put a casino in the former Inquirer building on North Broad Street.
LIVE! Hotel & Casino received the second casino license in Philadelphia.
“Anyone with common sense sees that the gaming industry has changed wholly over this last year,” said councilman John McBlain.
The Pennsylvania Gaming Control Board has called a special meeting for November 18th to announce who, if anyone, will get the second casino license in the city of Philadelphia.
Early next month, gamblers who want to try their hand at poker will be able to have a seat inside Philadelphia’s first poker room.
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.
This time, New Jersey lawmakers see a loophole, planning to partially repeal the state ban and allow casinos and racetracks to proceed without regulation.
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.
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
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.