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.
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.
“This is a milestone moment in Atlantic City, one in which consolidation in the casino industry must make way for new opportunities,” said mayor Donald Guardian.
It takes progressive slots to a whole new level — and across state lines. And with that, the progressive jackpots are growing.
Despite the decline in casino gambling revenue in Atlantic City, NJ, marketing effort continue full steam ahead, promoting the fact that there’s more than gambling in AC.
This job fair is one in a series of eight being held by the Showboat — which plans to close August 31st — and the New Jersey Department of Labor and Workforce Development.
Philadelphia’s first casino is spreading its bets, breaking ground on an expansion.
Assemblyman Chris Brown is introducing measures limiting corporations to two licenses each, going forward, and requiring any profitable casino that closes to return any financial incentives previously given to it.
“It’s kind of a mobile billboard as well as a nightclub on wheels, but it’s also a social media generator,” says Jeff Guaracino of the Atlantic City Alliance.
Atlantic City mayor Don Guardian says he has a four-year plan that will turn the city back into the destination resort it was before the casinos arrived.
Some industry experts are suggesting the struggling casino-hotel might not have to close after all.
The Garden State had tried to allow betting on professional and college sports in Atlantic City casinos and state racetracks.
Sugarhouse general manager Wendy Hamilton says the demand for live poker play has been there since day one.