Bankruptcy Court Decision Awaited on Atlantic City's Taj Mahal CasinoJudge Kevin Gross is being asked by billionaire investor Carl Icahn, who holds most of the Taj Mahal’s debt, to dissolve union contracts and pension plans as one condition of taking over the place and keeping it running.
New Jersey Tries Another Tack To Gain Sports BettingThis time, New Jersey lawmakers see a loophole, planning to partially repeal the state ban and allow casinos and racetracks to proceed without regulation.
Judge Affirms Sale of Revel Casino Over Complaints of Losing BidderFlorida developer Glenn Straub, the only other major bidder in the auction, complained that the auction process, in its final hours, was rigged against him.
Revel Sold For $110M; Buyers Plan To Reopen It As A CasinoA 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 Lays Out Red Carpet For Town's Economic RecoveryAtlantic 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.
Shutdown Warning Letters Go Out to Taj Mahal Casino EmployeesAs 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.
Expert Says a Revel Buyer Will Need Very Deep Pockets To SucceedReports 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.
Trump Taj Mahal Files For Bankruptcy Protection, Threatens November ShutdownOnce 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
Could Trump Taj Mahal Be Next Atlantic City Casino To Close?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.
Union and State of NJ Extend Helping Hand to Laid-Off Atlantic City Casino WorkersA 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.
Atlantic City Accentuates The Positive Amid Casino Industry Downturn"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.
Atlantic City Progressive Slots Now Interconnected With Las Vegas PoolIt takes progressive slots to a whole new level -- and across state lines. And with that, the progressive jackpots are growing.
As Casino Business Softens, Atlantic City Promoting Its Non-Gambling EntertainmentsDespite 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.
Showboat Casino Offers Job Fair To Its Atlantic City Employees Being Laid OffThis 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.
SugarHouse Casino Breaks Ground For Poker, More Table GamesPhiladelphia's first casino is spreading its bets, breaking ground on an expansion.