Mayor Don Guardian | World Casino News

Icahn gets initial nod for $5.6M grant to help demo former Trump Plaza

November 23, 2017

Latest Casino and Gambling News, Casino News, Casino closures, Taxation, New Jersey

Preliminary approval for $5.6 million grant has been given to billionaire businessman Carl Icahn (pictured) by a New Jersey redevelopment agency to help cover a portion of the demolition cost of the shuttered T...

New deal in the works for shuttered Atlantic City casino

K Morrison

October 12, 2017

Latest Casino and Gambling News, Casino project updates, New Jersey

When it closed on Jan. 13, 2014, the former Atlantic Club Casino Hotel was the first of four casinos in Atlantic City to do so, with Trump Taj Mahal Casino Resort being the most recent on Oct. 10, 2016. TJM ...

New Jersey EDA approves $38.4 million state grant for Atlantic City ‘Polercoaster’

K Morrison

April 18, 2017

Latest Casino and Gambling News, New Jersey

It’s official, the site of the former Sands Casino Hotel in Atlantic City will soon be home to the 350-foot high Polercoaster. Recently, the New Jersey Economic Development Authority (EDA) approved an applic...

New Jersey takeover of Atlantic City possible after 5 year fiscal plan rejected

Renee Kingsley

November 2, 2016

Latest Casino and Gambling News, Economy/Finance, New Jersey

Atlantic City submitted a 5 year fiscal plan to New Jersey state officials towards the end of October laying out steps that the city would take to reduce its $500 million debt, increase funding for its yearly b...

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

Renee Kingsley

October 26, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, New Jersey

Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city plans to do in the next 5 years to reduce its $500 mil...

Atlantic City officials reject Revel casino’s reopening date

K Morrison

June 15, 2016

Latest Casino and Gambling News, Casino openings, Licenses, New Jersey

Owner Glenn Straub will have to wait until at least Thursday to reopen the doors of the former Revel casino after city officials in Atlantic City rejected plans to begin the process on Wednesday because key per...

Gov. Christie receives Atlantic City rescue package; Updated, signs

K Morrison

May 27, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, New Jersey

Please see 5-27 p.m. update below Governor Chris Christie was sent legislation to prevent Atlantic City from running out of cash by New Jersey lawmakers on Thursday, just in time for the first long weekend a...

Deal agreed upon to keep Atlantic City from running out of money

K Morrison

May 24, 2016

Latest Casino and Gambling News, Economy/Finance, New Jersey

Two weeks after Democratic Assembly Speaker Vincent Prieto called off a vote on the bill for his aid package, on Monday, New Jersey lawmakers agreed on a rescue package for Atlantic City to keep the iconic reso...

Leaders in Bergan County press for casino in Meadowlands

K Morrison

April 17, 2016

Latest Casino and Gambling News, Casino proposals, New Jersey

On Friday, business, labor, and political leaders in Bergan County said that efforts to bring a casino to the Meadowlands Racetrack should not be detracted by the ongoing debate regarding Atlantic City’s future...

Christie says Atlantic City’s debt payments wouldn’t be made by him

K Morrison

April 7, 2016

Latest Casino and Gambling News, Economy/Finance, Bankruptcy, New Jersey

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca inches closer to financial ruin and a takeover bill gathers dust in the stat...

More headaches than benefits AC mayor warns; North Jersey casino

K Morrison

March 23, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, New Jersey

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On Monday night, Atlantic City Mayor Don Guardian warned that allowing two casinos to be built in North Jersey will do more harm than good. During a forum at St. Peter’s University about the statewide refere...