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Legal battles rage as A.C. casinos’ fates hang in the balance

assetContent (39)ATLANTIC CITY, N.J. (AP) — Fights over the fates of two bankrupt Atlantic City casinos heated up Tuesday as the main casino workers’ union filed 27 charges of unfair labor practice against the Trump Taj Mahal’s owner and Revel urged a judge not to delay its sale any further. Local 54 of the Unite-HERE union told… Read the rest of this entry »
Posted: February 4th, 2015 | Author: | Filed under: Atlantic City | Tags: , , , , , | Comments Off on Legal battles rage as A.C. casinos’ fates hang in the balance

Icahn lends $5 million to help Taj Mahal


atlantic-city-casinoPHILADELPHIA — Investor Carl Icahn has agreed to lend Trump Entertainment Resorts Inc. up to $5 million to help the owner of Trump Taj Mahal Casino in Atlantic City, N.J., pay its bankruptcy expenses into January. The move, described in a bankruptcy court filing Wednesday, could indicate that a deal is near to keep the Taj… Read the rest of this entry »
Posted: November 26th, 2014 | Author: | Filed under: Atlantic City | Tags: , , | 1 Comment »

Atlantic City’s Trump Taj Mahal casino to close by Dec. 12, owners say


atlantic-city-casinoATLANTIC CITY, N.J. — The owners of Trump Taj Mahal Casino in Atlantic City said in a court filing that they expect to close the boardwalk property on or before Dec. 12. The company had been warning for months that the struggling casino might close this fall if it didn’t get significant relief from its biggest… Read the rest of this entry »
Posted: November 16th, 2014 | Author: | Filed under: Atlantic City, New Jersey | Tags: , | 3 Comments »