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Atlantic City casinos - Page 5

Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty
A lifeguard rescue boat lies on the beach on August 27, 2015 in Atlantic City, New Jersey. (Photo by John Moore/Getty Images)
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Atlantic City in 2016: Recovery or further contraction?

This struggling East Coast gambling resort made it through a full year without another casino closing in 2015, and crucial developments over the next 12 months could shape its future for years to come.

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Hands playing slot machine
Vstock LLC, ThinkStock
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Tougher road ahead for NJ casino expansion referendum plans

It's no longer such a sure thing that New Jersey voters will be asked in November whether to approve two new casinos in the northern part of the state.

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Chips
dulezidar, ThinkStock
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Still no agreement on New Jersey casino expansion bills

New Jersey lawmakers still cannot agree on how to ask voters whether to allow two new casinos in the northern part of the state.

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New Casino In Atlantic City Hopes To Draw Younger crowd
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Borgata asks judge to order Atlantic City to refund taxes

The Borgata casino asked a judge Monday to order Atlantic City to pay more than $62 million in tax refunds that the court has already determined the casino should get -- a move that could end in seizure of some of the seaside gambling resort's assets or even bankruptcy.

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smoking pot
Scott Harms, ThinkStock
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Legalizing pot in Atlantic City? One NJ lawmaker says yes

One New Jersey lawmaker thinks legalizing marijuana in Atlantic City could help spur an economic upswing at a time when the city continues to struggle by job and revenue loses from the closures of four casinos in 2014.

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Atlantic City boardwalk
Spencer Platt, Getty Images
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What’s next for casino referendum, Atlantic City aid package

Projects that will have a huge impact on Atlantic City are moving through the New Jersey Legislature, including plans for an expansion of casino gambling to the northern part of the state, and a financial assistance package for the seaside gambling resort.

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New Jersey Casino Expansion
FILE - This April 17, 2015, photo shows a game of roulette at the Tropicana Casino and Resort in Atlantic City, N.J. (AP Photo/Wayne Parry, File)
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Competing plans pass on proposals for 2 new casinos

State Senate president Steve Sweeney refused to back off his demands on ownership of two casinos proposed for northern New Jersey as serious differences remained Thursday between competing plans for a statewide referendum on the topic.

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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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Vote set on Christie’s recommendations for Atlantic City

An altered financial assistance plan for Atlantic City and its struggling casino industry is headed for a vote in the state Assembly, which is likely to adopt changes requested by Gov. Chris Christie.

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Atlantic City casino revenue up nearly 1 percent in November

Atlantic City's eight casinos saw their winnings increase by less than 1 percent in November, but it would have been a down month had it not been for a big boost from Internet gambling.

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Trump Taj Mahal Casino Resort in Atlantic City
Trump Taj Mahal Casino Resort in Atlantic City (AP Photo/Wayne Parry)
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Moody’s predicts more AC casino closures with new Northeast openings

A Wall Street firm predicts a new wave of casino expansion in the Northeastern U.S. will lead to more casino closings in Atlantic City.

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