Atlantic City, New Jersey (AP) - Hoping they can convince at least one more city council member that a temporary ban on smoking in the casinos is working, casino workers are pushing to make the ban permanent. The council voted 5-4 last week to delay the ban for one year due to the economic crisis. But with a final vote scheduled for Monday on the council's stated intent to delay the ban...
Atlantic City, New Jersey (AP) -- The economy is in meltdown, credit is virtually nonexistent, and USD 7 billion worth of new casino development is on hold in Atlantic City. Perhaps it's not the best timing, but the city went ahead Tuesday with a plan to solicit bids from developers who could build as many as three casinos on the nearly 150-acre former Bader Field airport property.
Atlantic City, New Jersey (AP) -- For the first time in the 30-year history of legalized gambling in Atlantic City, gamblers aren't allowed to smoke while playing the slots or table games. A temporary smoking ban took effect Wednesday morning in the 11 casinos. The ban is due to last for at least 12 days but could then be put on hold for a year if the mayor signs a measure delaying it.
Atlantic City, New Jersey (AP) -- Atlantic City casinos will go smoke-free for seven days before allowing gamblers to light up again. City Council President William Marsh said Friday the unusual arrangement is necessary because the city can't legally stop a previously approved smoking ban from taking effect on Wednesday. "It is the law right now, and it will go into effect on the 15th," Marsh said. "We won't be scrambling around to try to change the date."
Atlantic City - This was a September no one wants to remember, as casinos suffered their biggest monthly revenue decline in Atlantic City's 30-year history of gambling. In a dramatic, post-Labor Day slowdown, revenue plunged 15.1 percent to USD 356 million for the month. It is fresh evidence the gaming industry continues to be battered by the weak economy, Wall Street's unfolding financial crisis and competition from slot parlors in Pennsylvania.
Atlantic City, New Jersey (AP) -- With the economy crumbling and revenues plunging, Atlantic City is considering delaying the start of a total smoking ban at its 11 casinos. The ban, which was approved in April after a year-and-a-half battle between casino workers and gambling hall operators, is set to take effect Oct. 15. But even before it was approved, casino owners said they feared the ban would cost the industry millions of dollars in lost revenue and lead to job losses.
Las Vegas (Business Wire) - Tropicana Entertainment, LLC issued the following statement contesting the terms that were revealed today by conservator Justice Gary Stein about The Cordish Company's expression of interest in buying the Tropicana Casino & Resort in Atlantic City. We commend Justice Gary Stein for disclosing some of the terms under which The Cordish Company proposes to purchase the Tropicana Casino & Resort in Atlantic City, New Jersey.
Atlantic City, New Jersey (AP) -- Never one for understatement, Donald Trump offers a bleak view of current events: "The economy is horrendous, the worst since 1929." The free-market capitalist strands of his DNA hate the idea, but he said Friday that he saw the need for Congress to bail out the financial system. Meanwhile, his Trump Entertainment Resorts gambling company is orchestrating what it hopes will be a rescue of its own in Atlantic City...
Los Angeles (Reuters) - New Jersey casino regulators said on Tuesday that negotiations were under way to sell Atlantic City's Tropicana Casino and Resort to real estate developer Cordish Co for cash and securities totaling USD 700 million. The New Jersey Casino Control Commission said in a statement that the trustees overseeing the property -- retired state Supreme Court Justice Gary Stein and investment bank Moelis & Co -- had identified Cordish as a leading bidder...
Atlantic City, New Jersey - The United Auto Workers filed an unfair labor practice charge Monday against the Tropicana Casino and Resort, alleging that interim management is refusing to bargain in good faith while a buyer is sought for the property. The union is attempting to unionize dealers at all 11 Atlantic City casinos. The casino's former owners were stripped of their casino license last December...
Atlantic City - In November 2006, the Sands Casino Hotel closed its doors to make way for incoming Pinnacle Entertainment Inc. At the time, Pinnacle Chairman Dan Lee said the developer would not rush into building its USD 1.5 billion to USD 2 billion megaresort, hoping to avoid the construction mistakes and cost overruns plaguing its casino in St. Louis. But few thought at the end of 2008 the company would still be taking its time.
Atlantic City - Casinos reported USD 468.3 million in casino wins in August, a 0.7 percent increase over the same month a year ago, according to figures released Wednesday by the New Jersey Casino Control Commission. This marked the second time this year revenues eked out a small gain. Credit the extra Saturday in August. Credit a favorable Labor Day weekend. Credit some good luck at the tables.
