Atlantic City News - Page 48
Revel could reopen within weeks if buyer prevails
15 September 2014
Revel could reopen in a matter of weeks if potential sale is realized.
Caesars moves to restructure $24 billion debt15 September 2014
In a filing with the Securities and Exchange Commission, Caesars announced “non-disclosure agreements with certain beneficial holders” to discuss restructuring debt due in 2020.
Atlantic City mayor has a mess on his hands15 September 2014
Don Guardian didn’t count on a rash of casino closings on the Boardwalk before the ink was dry on his mayoral business cards.
Revel has a buyer13 September 2014
South Florida property developer offers $90 million cash to buy the Revel.
Revel has a buyer11 September 2014
Revel Atlantic City has reportedly agreed a deal to sell the property to a South Florida developer.
New Jersey gaming chief says Vegas shows the way11 September 2014
David Rebuck, director of the state’s Division of Gaming Enforcement, said Atlantic City in recent years has seen challenges “not faced anywhere else in the U.S.”
Boyd Gaming issues statement on MGM Resorts International's relicensing in New Jersey10 September 2014
New Jersey Casino Control Commission's ruling that found MGM Resorts International qualified to resume as a 50% owner of Borgata Hotel Casino & Spa.
Trump Entertainment Resorts files for bankruptcy in Delaware10 September 2014
The Taj Mahal could shut in November, following the Trump Plaza which is scheduled to close September 16, 2014.
Claridge finds way to survive in struggling Atlantic City10 September 2014
The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place.
Talks focus on fixing Atlantic City, with a Vegas assist9 September 2014
New Jersey Gov. Chris Christie said Atlantic City needs to evolve further away from a business model developed when it offered the only legalized gaming east of the Mississippi River.
Sports betting is go in New Jersey8 September 2014
In a surprising about turn Gov. Chris Christie has given sports betting the green light in New Jersey.
Taj Mahal employees next for WARN act notices?5 September 2014
Speculation is mounting that Atlantic City's Taj Mahal employees could see WARN Act notices.
Memories still adrift, but Showboat name is gone3 September 2014
The name, synonymous with the casinos in various gaming markets since 1954, has vanished.
Gaming Insider: Borgata may gain from shrinking market25 August 2014
Borgata, Boyd Gaming’s flagship resort in Atlantic City, may see a revenue boost from a far different means. That’s because Atlantic City is shrinking.
Revel approved to close20 August 2014
Revel approved to close September 2, 2014 by the Division of Gaming Enforcement.
Caesars works to upgrade balance sheet, but analysts unimpressed20 August 2014
Caesars struck a deal with several investment groups to trim $548 million in debt off Caesars Entertainment Operating Co., the most heavily indebted of Caesars three business units.
MGM Resorts takes steps to regain N.J. gaming license20 August 2014
The settlement between MGM Resorts, Los Angeles-based Tracinda Corp., and the New Jersey Division of Gaming Enforcement was agreed upon in July.
Revel to close: Statement on ceasing operations13 August 2014
Revel Casino and Hotel will cease operations no later than September 10, 2014, subject to receipt of regulatory approvals.
Statement by Atlantic City Mayor Don Guardian on Revel closing13 August 2014
Mayor released statement yesterday expressing disappointment at Revel's closing and says his administration remains committed to workers and visitors impacted by the news.
Revel lacks bids12 August 2014
The auction of the Revel Casino and resort may be lacking qualified bids.
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