A Delaware bankruptcy judge has denied a request by Trump Entertainment Resorts to be relieved of its pension obligations under a collective bargaining agreement with workers at the Taj Mahal casino in Atlantic City, New Jersey.
Florida developer Glenn Straub, whose $90 million bid is the only publicly identified one, has asked a judge to delay an auction that resumed Tuesday until Thursday.
Tozour Energy Systems is asking a bankruptcy court judge in Delaware to let it terminate its contract with the Taj Mahal on Oct. 18, claiming it is owed more than $250,000.
“There is reason for real hope,” Christie said after the meeting with local elected officials, labor leaders and casino CEO’s at the headquarters for the Casino Reinvestment Development Authority (CRDA).
Through a combined Statewide Directive issued by the Attorney General’s office and a motion filed on behalf of Governor Chris Christie in the U.S. District Court, the Christie Administration took action Monday to allow casinos and racetracks to operate sports pools without fear of criminal or civil liability.
It was the tale of two cities Wednesday in Atlantic City with Miss America contestants strutting on the boardwalk and laid- off casino workers filling out unemployment applications at the Convention Center.
Tourism officials in Atlantic City are hoping for some positive attention and energy as Miss America contestants arrive on the same day the Revel Casino closed.
As the sun rose in Atlantic City, it was sunset for Revel’s time on the boardwalk.
The Showboat will close Sunday followed by the Revel on Monday with the Trump Plaza slated to close in mid-September affecting nearly 6,000 workers.
A Wall Street firm predicts much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they’re gone.
“We want to make it clear this is a prayer service and not a funeral for the city,” said President of Unite Local 54, Bob McDevitt.
Hours before hundreds of workers were to hold a prayer rally as three casinos are set to close, New Jersey officials issued a final closure order for another one.
Before summer ends, Revel, Trump Plaza, the Showboat and the Atlantic Club will be shuttered ex-casinos, leaving Atlantic City officials looking for a way to avoid having dark, empty shells on its signature Boardwalk.
With Air Show planes soaring overhead a group of local residents protesting a property tax hike held up signs Wednesday on the Atlantic City Boardwalk.
The summit will take place on September 8.