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Slew Of Casino Closures Threatens To Take Toll On Atlantic City
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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
AP
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Rival bill lets outsiders seek 1 of 2 north Jersey casinos

Companies that do not already own an Atlantic City casino would be able to vie for one of two new casinos to be built in northern New Jersey under a plan unveiled Monday by the state Assembly.

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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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Atlantic City casino revenue down 1.3 percent in October

Atlantic City's casinos brought in 1.3 percent less in October than they did a year ago, but the state's Internet gambling operations were up significantly over the same period.

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Slew Of Casino Closures Threatens To Take Toll On Atlantic City
The Revel Casino, which is facing a second round of bankruptcy, is viewed in Atlantic City on July 30, 2014 in Atlantic City, New Jersey. (Photo by Spencer Platt/Getty Images)
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Christie vetoes most of Atlantic City assistance package

Gov. Chris Christie on Monday vetoed most of a package of bills aimed at helping Atlantic City and its struggling casino industry and proposed that the state hold $30 million a year in casino tax payments hostage until after the city passes a fiscal recovery plan.

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MGM Resorts; MGM Grand
FILE - In this Aug. 3, 2015, file photo, the MGM Grand hotel and casino in Las Vegas. (AP Photo/John Locher, File)
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MGM Resorts to shift casino assets to new property company

MGM Resorts International plans to spin off part of its casino-resort real estate into a separate company that will lease the properties back to MGM to boost value for shareholders and give both companies more flexibility to grow.

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poker chips
dulezidar, ThinkStock
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Man who brought fake chips to poker tournament gets prison

A poker player is going to prison for bringing millions of dollars in counterfeit chips to a tournament and then breaking the plumbing when he flushed them down a toilet to hide the evidence.

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Bank foreclosing on power plant just barely keeping power at Revel

A bank is foreclosing on the power plant at the center of a dispute that has helped keep Atlantic City's former Revel casino shut.

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