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Atlantic City casinos

Atlantic City casinos - Page 3

A casino worker holds a sign critical of billionaire Carl Icahn, who owns the Tropicana and Trump Taj Mahal casinos in Atlantic City, N.J,. during a protest outside the Tropicana on Friday May 6, 2016. Atlantic City casino workers have seen their wages increase by just 80 cents an hour over the last 12 years, and have begun what will likely be their toughest negotiations in nearly four decades as the casinos struggle to recover from the contraction of the gambling industry, and the city itself teeters on the edge of bankruptcy and a state takeover. (AP Photo/Wayne Parry)
A casino worker holds a sign critical of billionaire Carl Icahn, during a protest outside the Tropicana on Friday May 6, 2016. (AP Photo/Wayne Parry)
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Workers are losing ground as Atlantic City casinos struggle

Atlantic City's casino workers are making only 80 cents an hour more now than they did 12 years ago, having opted instead to secure benefits like health insurance and retirement plans as the casino industry shrunk and four properties went out of business.

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ATLANTIC CITY, NJ - AUGUST 27: A lifeguard rescue boat lies on the beach on August 27, 2015 in Atlantic City, New Jersey. New casinos in neighboring states have drawn much of Atlantic City's visitors away, and in 2014 some 8,000 people were layed-off when four of the city's major casinos closed. The closures brought Atlantic City's unemployment rate to more than 11 percent, double the national average. The mass unemployment has produced the highest foreclosure rate of any metropolitan U.S. area, with 1 out of 113 homes now in foreclosure in Atlantic County. (Photo by John Moore/Getty Images)
A lifeguard rescue boat lies on the beach on August 27, 2015 in Atlantic City, New Jersey. (John Moore, Getty Images)
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Prieto to post his Atlantic City bill for vote Thursday

New Jersey Assembly Speaker Vincent Prieto will put his own rescue plan for Atlantic City up for a vote on Thursday.

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Bruno Vincent, Getty Images
Bruno Vincent, Getty Images
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Popularity of internet gambling in New Jersey growing, analysts say

"It is not so onerous to get online and gamble. So you are going to see it happening more and more over the next few years for sure."

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Roulette casino
dzianis miraniuk, ThinkStock
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Atlantic City casino operating profits up 40 percent in 2015

As one casino after another went belly up during an agonizing 2014 in Atlantic City, casino industry executives predicted the culling of the herd eventually would benefit the survivors.

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This Oct. 24, 2014 photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J. Its owner, Trump Entertainment Resorts, said it is closing one of its two hotel towers and halting the issuance of credit effective Dec. 1, 2014 as it prepares for a Dec. 12 closing. (AP Photo/Wayne Parry)
This Oct. 24, 2014 photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J. (AP Photo/Wayne Parry)
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Icahn: Taj future at risk amid benefits, expansion talks

The name on the casino-hotel still says TRUMP in huge letters, but a different famous billionaire now owns the joint.

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This Oct. 24, 2014 photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J. Its owner, Trump Entertainment Resorts, said it is closing one of its two hotel towers and halting the issuance of credit effective Dec. 1, 2014 as it prepares for a Dec. 12 closing. (AP Photo/Wayne Parry)
This Oct. 24, 2014 photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J. (AP Photo/Wayne Parry)
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Icahn: No $100M for Taj if north Jersey casinos are approved

Billionaire investor Carl Icahn said Wednesday that if New Jersey approves casinos in the northern part of the state, he won't pump $100 million into his newly acquired Trump Taj Mahal casino in Atlantic City.

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Roulette casino
dzianis miraniuk, ThinkStock
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AC casino revenue down 3.8 percent; online win up 26 percent

Bad weather helped keep gamblers away from Atlantic City's casinos in January, but led them to bet and lose more over the Internet.

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Borgata Hotel and Casino
Borgata Hotel and Casino (Craig Allen, Getty Images)
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Owed $170M by AC, Borgata skipping $7.2M tax payment

By most accounts, the Borgata has been Atlantic City's golden goose, providing the most jobs and tax revenue in the seaside gambling resort.

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Borgata Atlantic City
Borgata (Dino Flammia, Townsquare Media NJ)
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Tropicana, Borgata reinvesting millions into casinos, hotels

Two of Atlantic City's top casinos are reinvesting tens of millions of dollars into their gambling areas, hotels and entertainment venues.

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ATLANTIC CITY, NJ - SEPTEMBER 3: Moving trucks line up outside the Revel Casino on September 3, 2014 in Atlantic City, New Jersey. More than 5,000 employees at the Showboat and Revel Casinos lost their jobs as both places closed this weekend. Four of the twelve casinos with which Atlantic City started the year will have closed by the middle of September. That is putting almost 8,000 people total out of work. Trump Plaza is closing September 16, 2014, and the Atlantic Club shut down in January. (Photo by Jessica Kourkounis/Getty Images)
Moving trucks line up outside the Revel Casino on September 3, 2014 in Atlantic City, New Jersey. ople total out of work. (Photo by Jessica Kourkounis/Getty Images)
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Despite push from Christie, Atlantic City still in trouble

Soon after taking office in 2010, New Jersey Gov. Chris Christie took stock of problems around the state and saw a big one on the beach: Atlantic City.

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