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Atlantic City

US-ENTERTAINMENT-CASINOS-ATLANTIC CITY

New Jersey Will Vote to Decide Casino Expansion in Northern Part of the State

Voters will decide whether to approve the expansion of casino in New Jersey beyond Atlantic City. A referendum will be held in November as state's legislature approved the ballot plan on Monday.

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Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty

Atlantic City Casino’s Revenue Slashes By Half In The Past 9 Years, Sparking Dramatic Steps

Atlantic City casino's revenue reaches its worst gain this year. There is more than half cut since 9 years ago in 2006. The closing of many casinos in Atlantic City has caused 10,000 unemployments. A big plan is prepared by Governor Christie. It is said that Atlantic City will be taken over, but still no details are given.

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Gaming Activity in Atlantic City

Atlantic City turnaround team bets on cuts not bankruptcy

A turnaround team tasked with reviving Atlantic City says New Jersey's struggling gambling hub must consider cost cuts, layoffs and longer bond maturities, but bankruptcy is not in the cards - yet.

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Gaming Activity in Atlantic City

Atlantic City bankruptcy talk 'premature': turnaround team

It's "premature" to talk about bankruptcy for troubled gaming resort Atlantic City, Detroit's former turnaround expert said Thursday as he signed on with the latest bid to revive a city some see as bound to follow the path taken by the Motor City.

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Gaming Activity in Atlantic City

Judge approves Atlantic City tax deal with Revel Casino

A federal judge said on Tuesday she would approve a $26 million settlement between Atlantic City and the Revel Casino Hotel that will provide much-needed cash for New Jersey's struggling gambling hub and a tax cut for the shuttered gambling complex.

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Caesars Entertainment Corp

New Jersey college buys Atlantic City casino for dorm, branch campus

A New Jersey college said on Saturday it has completed its $18 million purchase of the shuttered Showboat Atlantic City casino resort from Caesars Entertainment Corp (CZR.O), a deal that would usher in a new dormitory and a branch campus.

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Gaming Activity in Atlantic City

Brookfield bids for Atlantic City's Revel Casino

An affiliate of Brookfield Asset Management (BAMa.TO) (BAM.N) has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

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