Atlantic City, New Jersey (AP) -- Financing for two proposed mega-casinos worth [[USD]] 7 billion appears solid, and a third should still get built even if it is delayed by the slowing economy, Gov. Jon S. Corzine said Wednesday. In an interview with The Associated Press, Corzine also endorsed totally smoke-free casinos, and said he would sign a law to keep gambling halls open if state government shuts down, so long as constitutional problems with doing that are addressed.
This gambling mecca’s tallest building is now attached to a major casino. The new 960-room, 44-story Waterfront Tower debuted yesterday at Harrah’s Marina casino in the Marina District. It is the first among a wave of new casino hotel towers opening this year in Atlantic City. New Jersey Governor Jon Corzine and Harrah’s Entertainment chairman and CEO Gary Loveman participated at the ribbon cutting ceremony.
Atlantic City - The Casino Control Commission Wednesday denied a request by the Tropicana conservator to defer payment of the largest fine ever imposed for regulatory misconduct. Gary Stein, who is overseeing the sale of the casino, wanted the USD 750,000 penalty imposed Dec. 12 to be put on hold until the Tropicana sale closes. The commission fined Tropicana and its former owner...
Atlantic City, New Jersey (AP) -- Unlike gamblers on a hot streak who think the good times will never end, the casinos know better. Yet companies have forged on with plans to spend at least USD 9 billion on a wave of new casino projects in the country's second-largest gambling destination, even as not-so-subtle signs were surfacing that it might be time to walk away from the table for a while.
The Borgata Hotel Casino & Spa’s second hotel tower will open in June, its parent company said this week. The Water Club, a USD 400 million 800-room hotel, had been delayed by a fire last year that damaged portions of its exterior. Before the September blaze, the Water Club was scheduled to be the first in a wave of hotel expansion projects to be completed in Atlantic City. That honor went to Harrah’s similarly named Waterfront Tower, which has already started admitting guests on one floor within the past 10 days.
Pinnacle Entertainment has delayed construction plans for a proposed USD 1.5 billion megaresort in Atlantic City and said it may even abandon the project entirely if credit markets do not improve. The original plan was to begin redeveloping the site of the old Sands Casino Hotel late in 2008, but that start date has been postponed until the second half of 2009, if it does in fact begin at all.
Atlantic City, New Jersey (AP) - February 20, 2008 -- For more than a year, the teenager lived the life of a high roller at the Borgata Hotel Casino & Spa, buying tens of thousands of dollars worth of gambling chips, and earning more than USD 1,000 worth of free merchandise and services for the level of his Blackjack and poker play. But what the casino didn't know - and didn't ask about for more than a year - was that he was only 19, two years below the legal gambling age in Atlantic City.
Atlantic City - The 11 casinos here reported a 10 percent decrease in total revenue last month, with every gambling hall, even the formidable Borgata, showing a decline. The casinos won USD 355 million at the slot machines and table games, compared with USD 394.5 million in January 2007. The revenue losses ranged from 21 percent at the Tropicana and the Trump Marina to 0.8 percent at Trump Plaza.
With a local team heading to the Super Bowl and casino revenues down for the first time, New Jersey's Assembly Tourism and Gaming Committee is betting that the time is right to resurrect the idea of making betting on professional sports legal in Atlantic City. Spearheaded by assemblymen Nelson Albano (D-Cumberland/Atlantic/Cape May), Louis Greenwald (D-Camden) and John Burzichelli (D-Gloucester)...
Sports gambling could be the answer for casinos in Atlantic City. The question would be how to help revenue in the city’s casino. Legislators have once again started discussions to legalize sports gambling in Atlantic City. The discussions have taken place several times in the past, but never has legislation been passed. With the struggles the country is having with the economy, legalizing gambling on sports in Atlantic City casinos would be a sufficient way to raise revenue.
Atlantic City - The United Auto Workers union kicked-off contract negotiations today with Tropicana Casino and Resort, as well as continued contract talks with Caesars Atlantic City, months after workers at the two casinos voted overwhelmingly to unionize. The casinos met separately at the Atlantic City Convention Center with teams of UAW representatives made up of union officials and casino workers representing the collective bargaining committees.
Trenton, New Jersey - New Jersey legislators on Thursday revived an effort to legalize betting on professional sports in Atlantic City casinos, rejecting claims by the National Football League that the move would risk the integrity of sports. An Assembly committee pushed forward legislation that would ask voters to allow casinos to offer professional sports wagering.
