Revel Sale Resurrected; $82M Price Agreed On For Ex-casino
Glenn Straub signed a deal Tuesday to buy Revel for $82 million. The casino cost $2.4 billion to build.
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Glenn Straub signed a deal Tuesday to buy Revel for $82 million. The casino cost $2.4 billion to build.
In a rare Sunday ruling, Judge Jerome Simandle ordered that claims from business tenants at the casino, as well as its sole supplier of utility services, must be heard before the sale can go through.
Atlantic City's main casino workers' union has filed 27 unfair labor practice charges against the owners of the Trump Taj Mahal casino.
Testifying before the Casino Control Commission this week, Hard Rock CEO James Allen said city and state efforts to help are good, but more needs to be done
A federal judge on Wednesday allowed the sale of Atlantic City's former Revel casino to a Florida developer to proceed.
The Florida developer in line to buy Atlantic City's former Revel casino hotel is threatening to walk away from the deal if a court ruling goes against him.
Joe Lupo, senior vice president of the Borgata in Atlantic City, says The Metropolitan restaurant chose menu items that were among King's favorite foods, as documented in numerous historical sources.
A casino workers union in Atlantic City defied a company-imposed deadline Monday to withdraw its appeal of a court-ordered, cost-cutting package.
Judge Gloria Burns has granted a request by Revel Entertainment to cancel the $110-million sale to Toronto-based Brookfield Asset Management.
The owners of the Trump Taj Mahal casino say Atlantic City's main casino workers' union has reneged on a deal to keep the casino open and save its 3,000 jobs.
The lawyers for Revel filed paperwork to cancel the $110 million sale to Brookfield US Holdings.
The owners of Atlantic City's Trump Taj Mahal have pushed back the scheduled closing date for the casino.
LIVE! Hotel & Casino received the second casino license in Philadelphia.
State gambling regulators will meet this week to decide whether, and to whom, to award Philadelphia's second and final casino license.
KYW discussed the impact with a local gaming industry analyst.
A hearing is set for Thursday in Delaware in a dispute between Donald and Ivanka Trump and the casino company he once ran, over whether Atlantic City's struggling Taj Mahal casino can continue to use the Trump name.
The owners of the Trump Taj Mahal are fighting back against Donald Trump's bid to have his name removed from the struggling casino.
Trump Entertainment Resorts said it needs big union concessions and massive tax breaks from Atlantic City and New Jersey — both of which already have rejected the demand.
One Atlantic City casino bearing Donald Trump's name closed Tuesday and another is threatening to close in November, but Trump himself has mostly cut ties with the struggling seaside resort.
The yellow signs are up on the doors to the boardwalk entrance of Trump Plaza. At 6am it became the fourth casino to close this year and the third since Labor Day Weekend.
New Jersey's Treasury Department says revenue from the fiscal year that ended June 30 fell below expectations even after they were revised downward.
Sources tell CBS 3 Eyewitness News that the Trump Taj Mahal in Atlantic City is filing for bankruptcy, is expected to close in November and terminate all employees.
A Florida company that develops restaurant and entertainment complexes is interested in the former Showboat casino in Atlantic City.
On Monday, troopers responded to the Harrington Raceway and Casino on West Rider Road after a call came in about a child left unattended in a parked car outside the casino.
The word came a day after Caesars officials conducted a tour of the Showboat with what they described as "an interested party."
