New Jersey lawmakers are taking steps to attract small new casinos to Atlantic City and increase home ownership there as the city reels from a financial crisis partly brought on by the closings of large casino resorts this year.
New Jersey isn’t giving up on its effort to attract small new casinos to Atlantic City.
The Atlantic City region lost 9,900 jobs over the past 12 months, battered by the closure of four of Atlantic City’s 12 casinos, according to data released Tuesday.
A tax stabilization plan making its way through the state Legislature should keep Atlantic City’s Trump Taj Mahal casino from closing, the city’s mayor said.
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.”
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.
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Been there, done AC. Now it’s time to move on.
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.
The Pennsylvania Gaming Control Board is considering four applications for the city’s second casino license.
Workers from the Trump Taj Mahal Casino Resort marched to Atlantic City Mayor Don Guardian’s office Monday to ask him to reconsider granting concessions that the struggling casino says are necessary to keep it open.
A lobbying group for the gaming industry, in Philadelphia for a conference, says casinos in Pennsylvania must develop a next-generation gaming policy to remain competitive.
Trump Entertainment Resorts is asking a bankruptcy court in Delaware for permission to sell the last 353 of its slots to Patriot Gaming & Electronics, a New Jersey firm that sells new and used slot machines and parts.