The state legislature is watering down the requirements of a 2011 law designed to attract developers willing to build new, smaller and less costly casinos with as few as 200 hotel rooms.
Atlantic City’s eight casinos saw their revenue increase by 5.3 percent in May compared with a year ago.
Atlantic City leaders have opposed every attempt to even consider legislation expanding casino gambling beyond its borders.
Eugene Johnson of Spectrum Gaming Group says by the end of this year, there will be 60 casinos in the northeast.
Glenn Straub says it’s doubtful whether any of the non-gambling attractions can be re-opened by Labor Day, but adds he hopes to open an indoor water park there by November.
As the Jersey shore prepares for another summer season, Atlantic City and South Jersey continues to wrestle with massive unemployment in the wake of last year’s closure of four casinos.
New owner Glenn Straub said electricity was restored to the Boardwalk resort at 8 a.m. Tuesday.
There are 1,400 jobs available right now in Atlantic City’s casinos, but only 350 of them are full-time positions, according to a survey undertaken by a New Jersey casino regulator.
A bit of good news for a change for Atlantic City’s eight casinos. They’re making money again.
The Donald Trump name will stay in Atlantic City.
Hard Rock says the April 22 date was a precautionary warning in case the casino does not emerge from bankruptcy and has to close.
Together the remaining casinos took in an extra $31 million, and that takes into account a $3 million drop at the Taj Mahal, the only loser of the lot.
In actions made public Tuesday, the New Jersey Division of Gaming Enforcement fined Caesars Atlantic City $5,000 for losing two slot machines and filing monthly reports indicating that all machines were accounted for. The machines are still missing
By executive order, Christie appointed Kevin Lavin as the city’s emergency manager and Kevyn Orr as special counsel to the emergency manager.
Despite Bad Report On Gaming Revenue In AC, Experts Suggest The Trend Should Turn Around In Year Ahead
Atlantic City’s casinos made less money again in the year gone by, according to figures released this week by the state of New Jersey.