CollectionsAtlantic City
IN THE NEWS

Atlantic City

NEWS
January 16, 2015 | By Harold Brubaker, Inquirer Staff Writer
Atlantic City's gambling market shrank by 8.5 percent last year, to $2.62 billion from $2.86 billion in 2013, excluding the results of Internet gambling, the New Jersey Division of Gambling Enforcement reported. The results reflect the closure of four of the city's 12 casinos, including the Atlantic Club, which closed a year ago. Three others, Showboat, Revel, and Trump Plaza, closed at the end of the summer. The eight remaining operators posted a 3.1 percent gain in gambling revenues from their Atlantic City operations.
BUSINESS
January 16, 2015 | By Harold Brubaker, Inquirer Staff Writer
ATLANTIC CITY - Glenn Straub has yet to complete his acquisition of the former Revel Casino Hotel for $94.5 million, but Mayor Don Guardian said Wednesday that he likes what he hears from the Florida investor. "He wants to bring in new businesses, bring in new jobs, and pay taxes. Not too many people talk to me about those subjects these days," Guardian said after a panel discussion organized by the Urban Land Institute at the Atlantic City Convention Center. Beyond Straub's still-forming plans for Revel, panelists depicted a city that is bubbling with ideas, including, Guardian said, the possibility of an Atlantic City medical school under consideration by AtlantiCare, which is in the process of merging with Geisinger Health System.
NEWS
January 15, 2015 | By Maddie Hanna and Andrew Seidman, Inquirer Trenton Bureau
TRENTON - Gov. Christie pledged his commitment to New Jersey in his annual State of the State address Tuesday, but his declaration that the nation was "beset by anxiety" signaled bigger ambitions ahead of a widely anticipated presidential campaign. Christie, who has been considering a run for president in 2016, called for "a New Jersey renewal and an American renewal," describing a "palpable" anxiety he had witnessed while traveling the country last year as chairman of the Republican Governors Association.
NEWS
January 15, 2015 | By Jacqueline L. Urgo, Inquirer Staff Writer
ATLANTIC CITY - Amid the fallout of casino closures and tumbling employment, officials announced Tuesday a sports-related tourism plan that they hope will put the resort back in the game. The nonprofit Meet AC, formed in April with $8 million in backing from the Casino Reinvestment Development Authority to attract more conventions and meetings to Atlantic City, announced the creation of the Atlantic City Sports Commission. Its mission will be to "continue to grow into a destination for sporting events" in a city that has a storied history of such competitions, from heavyweight boxing to surfing and swimming championships, said Jim Wood, Meet AC's president and chief executive.
NEWS
January 12, 2015 | By Walter F. Naedele, Inquirer Staff Writer
The Rev. Donald G. Doll, 97, of Ocean City, N.J., a former Lutheran pastor at churches in Atlantic City; Ardmore; and Springfield, Delaware County, died Wednesday, Jan. 7, at Shore Medical Center in Somers Point. In 1962, Pastor Doll served as president of the Greater Philadelphia Council of Churches. "There was an ecumenical movement in Philadelphia in the early '60s led by this council, as they attempted to narrow differences among the various Christian faiths," his son Brian Sr. said.
NEWS
January 11, 2015 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - In another blow to the state's struggling horse racing industry, the owner of Atlantic City Race Course announced it will cease operations and close permanently after heavy losses the last eight years. The racetrack's last day of business for simulcasting will be Friday. The closure leaves New Jersey with three operating horse tracks - Meadowlands, Freehold, and Monmouth. "We regret to announce that we must close Atlantic City Race Course immediately due to continuous business decline in the industry, the current regional economic climate, and the absence of alternative revenue opportunities," Joe Wilson, president of Greenwood ACRA Inc., owner and operator of the track, said in a statement Friday.
NEWS
January 10, 2015 | By Amy S. Rosenberg, Inquirer Staff Writer
ATLANTIC CITY - The new method of casino taxation under consideration by state legislators could have an unintended casualty: the highly regarded Atlantic City Free Public Library. State legislators acknowledged Thursday that the Atlantic City recovery bills, as currently written, would leave the library in the lurch for much of its current $5 million budget. Library director Maureen Sherr-Frank said Thursday that it would remove 70 percent of the funding. Marshall Spevak, aide to State Sen. Vincent Mazzeo, said legislators would seek a remedy in the bill to prevent any drastic impact on the library, which also operates a branch on Richmond Avenue, and the city's historical museum and archives.
BUSINESS
January 10, 2015 | By Harold Brubaker, Inquirer Staff Writer
U.S. Bankruptcy Judge Gloria M. Burns made two rulings Thursday to help clear the way for the sale of the former Revel Casino Hotel in Atlantic City to Florida investor Glenn Straub for $95.4 million. Burns said previously she intended to approve the sale, but a sale order - required before the deal can be completed - was not entered because several objections needed to be resolved or formally put off until later. She settled those issues Thursday. She said Straub can buy the $2.4 billion property unencumbered by an agreement Revel had with the Casino Reinvestment Development Authority and by leases with restaurants, night clubs, and other tenants in the building.
NEWS
January 9, 2015 | By Allison Steele, Inquirer Staff Writer
The sentencing for Ronald Galati, convicted last fall in a murder-for-hire plot involving his daughter's boyfriend, has been postponed until March 2 in federal court in Camden. Galati, who had been scheduled for sentencing Wednesday, has apparently been without legal representation since last month, when he asked a Philadelphia judge to appoint an attorney because he could not afford to hire one. The matter is scheduled to be taken up Thursday in Common Pleas Court. His previous lawyer, Anthony Voci Jr., did not return a phone call this week.
NEWS
January 9, 2015 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - The City Council voted, 6-0, Wednesday in favor of Mayor Don Guardian's proposed recovery plan for his city amid hemorrhaging casino revenues and plummeting property values. Of the nine council members, two were present but did not vote, and one, former President William H. Marsh, was absent due to a personal matter. The mayor's plan, unveiled Dec. 12, includes reducing the municipal payroll - including personnel cuts to the Police and Fire Departments - stabilizing the tax rate for casinos, and finding alternative revenue sources for the Atlantic City School District.
« Prev | 1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|