Bankruptcy

April 7, 2016 0

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca...

New Jersey decides to take Atlantic City to court as financial crisis increases

Renee Kingsley

April 5, 2016 1

New Jersey has tried before to take over the entire financial responsibility of running Atlantic City in an attempt to...

Assembly speaker urged by Democrats to post Atlantic City bill

April 4, 2016 1

Assembly Speaker Vincent Prieto is being urged by several Democratic state lawmakers to post a bill that would allow a...

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

March 16, 2016 0

The long awaited report from former Watergate prosecutor, Richard J. Davis on whether Caesars (CEC) TPG LP, and Apollo Global...

Taj Mahal emerges from bankruptcy

February 27, 2016 0

Friday saw the Trump Taj Mahal Casino in Atlantic City come out of bankruptcy thanks to billionaire investor, Carl Icahn’s Icahn Enterprises...

Taj Mahal takeover could be sidetracked based on Local 54 appeal

February 15, 2016 0

If the U.S. Supreme Court is asked by a union to review a case over pension and health benefits rescinded...

State takeover of Atlantic City finances proposed by Governor Chris Christie

January 27, 2016 0

Atlantic City has been struggling for some time now, with four casinos closing in 2014 and officials of the state...

Tinian Dynasty’s petition for bankruptcy dismissed by U.S. Court

January 23, 2016 0

On January 14 the bankruptcy petition filed by Hong Kong Entertainment Investments Ltd, owner of the Tinian Dynasty Hotel &...

Judge slams Caesars’ attempt to hide 7 million page investigation; Redacted report to be released by end of Feb

January 22, 2016 0

Caesars Entertainment Operating Company, Inc. is looking to cut its debt load of more than $18 billion roughly in half...

Atlantic City casino aid package rejected again by Christie

January 20, 2016 0

A financial assistance package considered essential to help stabilize Atlantic City’s struggling casino market has once again been rejected via...

Appeals court rules in favor of Trump Taj Mahal in worker benefits case

January 17, 2016 0

On Friday, an appeals court of Atlantic City ruled in favor of the Trump Taj Mahal Casino, stating the casino...

Atlantic City following Detroit into fiscal demise? State could take over city

January 15, 2016 0

It has been close to five years that efforts to right the listing boat of Atlantic City have gone without...

Financing woes; Closed Atlantic Club casino back on the market

January 5, 2016 0

The Atlantic Club was the first of four casinos top close-up shop in Atlantic City in 2014 and now plans...

Caesars Entertainment Corp case with bondholders to go to trial