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.
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.