Atlantic City casino operators are looking for new options to turn their fortunes around as profits continue to shrink in the midst of increased competition from other states.
The casino will hold a grand opening Thursday for Margaritaville, the $35 million restaurant, bar, and gambling complex that’s part of a $70 million expansion and renovation of Resorts.
Chris details the story of a woman who has reappeared 11 years after walking away from her family, the decision to offer Plan B over the counter to girls as young as 15, and the third day of deliberations in the Kermit Gosnell trial. He also talks to Senator Pat Toomey, RNC Chairman Reince Priebus, and Scott Wagner, owner of Penn Waste Inc.
Four days and 50 versions of “Margaritaville” later, talent scouts for the Jimmy Buffett-themed restaurant, music and gambling complex that will open next month have a pretty good idea which acts they’ll hire to perform there.
The California development company that plans to buy Atlantic City’s Trump Plaza Hotel and Casino for $20 million says the deal is temporarily on hold.
Deputy Mayor Alan Greenberger told the panel at some point the city will make a recommendation, but for now, they’re still evaluating each of the proposals.
A Philadelphia official has told the state gaming board that the city is still evaluating the six proposals for a second casino in Philadelphia and hasn’t decided yet which one it likes best.
This is not the kind of March madness Atlantic City was hoping for.
Atlantic City’s casinos saw their gross operating profits fall by more than 27 percent last year, even as revenue from non-gambling sources inched upwa
On Monday, the $2.4 billion resort found it could not break the law of supply and demand as it filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Camden.
New Jersey is allowing casinos in Atlantic City to offer fantasy sports betting in a pilot program that will be announced Monday.
Kevin DeSanctis, the man who guided Atlantic City’s Revel casino-hotel through its tortuous development, only to see it struggle in the cutthroat East Coast gambling market, is stepping down as head of the $2.4 billion resort.
The Meruelo Group of Downey, Calif., plans to close the deal by May 31. It is the lowest price ever paid for a casino in Atlantic City.
Revel was supposed to help the struggling Atlantic City market turn around. Instead, it is the struggling casino-hotel that needs help turning around.
Gaming Control Board spokesman Doug Harbach says this is not a public input hearing. In fact, even the board members will mostly just listen as the applicants for the casino license make presentations.