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BUSINESS
October 11, 2014 | By Harold Brubaker, Inquirer Staff Writer
Trump Entertainment Resorts Inc. has asked a bankruptcy judge to order its biggest union to stop harassing convention clients. An official with Unite Here Local 54, which represents 1,140 workers at Trump Taj Mahal, has been contacting organizations that have meetings scheduled at the casino and urging them to consider using another venue in the city, one not trying to eliminate health insurance for workers. "Atlantic City and New Jersey have a lot of labor and labor-friendly businesses, and most groups don't want to get involved in a labor dispute over health care or anything else," Unite Here spokesman Ben Begleiter said Thursday.
BUSINESS
October 10, 2014 | By Harold Brubaker, Inquirer Staff Writer
For all the maligning that the design of Atlantic City's Revel Casino Hotel has endured, fixing it is not as hard as many think. That's the view of Paul C. Steelman, a top casino architect worldwide and a native of Longport, N.J., who got his start in Atlantic City designing the original Golden Nugget for Steve Wynn. Many of the problems at Revel, whose sale to Brookfield Asset Management Inc. was approved by a bankruptcy judge Tuesday, have relatively easy fixes, Steelman said Wednesday.
NEWS
October 10, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - More than 700 members of Unite Here Local 54, the union that represents most casino workers, let Trump Entertainment Resorts Inc. know how they feel Wednesday about proposed cuts to their health care and pension plans. They staged a "civil disobedience" march starting around 5:30 p.m., blocking traffic at the busy downtown intersection of Arkansas and Arctic Avenues and causing massive gridlock. About two dozen people were arrested and charged with resisting an officer's order or blocking traffic, or both.
BUSINESS
October 9, 2014 | By Harold Brubaker, Inquirer Staff Writer
The lawyers and investment bankers who were trying to sell Atlantic City's Revel Casino Hotel were faced with a choice at last week's auction. They could accept as final the $110 million bid from a unit of Brookfield Asset Management that was due to expire at 6 a.m. Oct. 1, or they could adjourn the auction until this week to give Florida investor Glenn Straub time to consider a higher bid. Revel's representatives went with what one called the...
NEWS
October 3, 2014 | By Harold Brubaker, Inquirer Staff Writer
Brookfield Asset Management, which seemingly came out of nowhere to win the bankruptcy auction for Atlantic City's Revel Casino Hotel, will have two key advantages over the property's current owners. First, the Toronto real estate investment firm with $200 billion in assets will pay $110 million, just 4.5 percent of the $2.4 billion cost of building the soon-to-be-former Revel. That means debt is not likely to be a significant factor. Second, Brookfield already owns two other casinos, the Hard Rock Hotel & Casino in Las Vegas and Atlantis Paradise Island in the Bahamas, giving it a Rolodex of customers to entice to its reopened Atlantic City gambling hall with special deals.
NEWS
October 3, 2014 | BY CHUCK DARROW, Daily News Staff Writer darrowc@phillynews.com, 215-313-3134
WITH ALL the bad news coming from Atlantic City, there isn't much to laugh at down there these days, right? But the truth is, AC is a pretty hilarious place. In fact, Atlantic City could call itself the funniest burg on the East Coast. Not that this is anything new. After all, AC is where an aspiring comic-juggler named W.C. Fields honed his craft at the turn of the 20th century. It's where acts like Bud Abbott (an AyCee native) and Lou Costello , and the Three Stooges were regular headliners in their heyday.
NEWS
October 2, 2014 | By Jacqueline L. Urgo, Inquirer Staff Writer
ATLANTIC CITY - Police investigators continued Tuesday to comb through ashes and scorch marks left in a parking lot where an SUV belonging to a rabbi was torched last Wednesday night after he parked it before conducting Rosh Hashanah services at the adjacent Rodef Sholom Orthodox Synagogue. Rabbi David Kushner said that while it was unclear whether the case was specifically a hate crime, it is being investigated as a "suspicious" fire by police. Police declined to comment on the case and have not released an official report on it. "Until the police finish their investigation, it is impossible to know what the motive was, what was going through somebody's mind," said Kushner, of Philadelphia's Rhawnhurst section, who recently became Rodef Sholom's rabbi.
NEWS
October 1, 2014 | BY VINNY VELLA, Daily News Staff Writer vellav@phillynews.com, 215-854-2513
RABBI DAVID KUSHNER is having a rough start to the Jewish New Year. "We're trying to look at this situation positively," Kushner, of Rhawnhurst, told the Daily News last night. "The year can only get better from here. " Early Thursday, his Ford Explorer was torched as it sat parked in the lot next to the Rodef Sholom Synagogue in Atlantic City, the rabbi said. Kushner recently became the synagogue's rabbi, and had parked the SUV in the lot Wednesday night before conducting Rosh Hashanah services.
NEWS
October 1, 2014 | By Julia Terruso, Inquirer Staff Writer
The only evidence tying Ronald Galati to the attempted murder of his daughter's boyfriend is the testimony of three men, all career criminals, who say Galati hired them to do it. Now it's up to a jury whether to believe them. "The government delivered one gigantic 'say so,' " defense attorney Anthony Voci said on the final day of Galati's murder-for-hire trial Monday. "You've got a say-so case; you've got three crumbs with criminal records who are all looking at life in prison.
BUSINESS
October 1, 2014 | By Harold Brubaker, Inquirer Staff Writer
A bid in bankruptcy court to set aside a labor contract for 1,136 employees at Atlantic City's Trump Taj Mahal casino has set up a pitched battle between Unite Here Local 54 and Carl Icahn. Icahn, a billionaire investor known for taking control of financially distressed businesses by buying debt at a discount, controls the fate of Trump Entertainment Resorts because he owns $286 million in first-lien debt and stands first in line to be paid in any bankruptcy deal. As a condition of keeping Trump Taj Mahal open, Icahn wants massive concessions from labor and government.
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