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Atlantic City

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.
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.
SPORTS
September 30, 2014 | BY BERNARD FERNANDEZ, For the Daily News
MOST FIGHT FANS didn't know his real name, which is just as well because they probably wouldn't have been able to spell or pronounce it in any case. So the man with the velvety-smooth tones who came into this world as Setrha Ejdaharian - he was proud of his Armenian heritage and never considered legally changing his name - chose to call himself Ed Derian for professional purposes. For the better part of 4 decades, Ed Derian, who was 77 when he passed away Friday at Kindred Hospital in Havertown, was the distinctive voice of Philadelphia boxing, the longest tenured and most cherished ring announcer to have graced local rings.
NEWS
September 27, 2014 | By Michael Boren, Inquirer Staff Writer
Shaneen Allen, the South Philadelphia mother arrested for carrying a legally registered handgun from another state into New Jersey, must give up her .380-caliber Bersa Thunder and complete 25 hours of community service as part of her admission into a pre-trial intervention program, her attorney said Thursday. But the losses, attorney Evan Nappen said, are small compared with Allen's victory Wednesday, when the Atlantic County Prosecutor's Office announced that it was reversing its decision to ban her from the intervention program.
BUSINESS
September 26, 2014 | By Harold Brubaker, Inquirer Staff Writer
The auction of Atlantic City's bankrupt Revel Casino Hotel never really got started Wednesday in New York City before it was adjourned until Tuesday, an attorney for bidder Glenn Straub said. "They spent six hours privately negotiating with whoever the bidder is that they want to be the winning bid," Stuart J. Moskovitz, the attorney for Straub, said of Revel's legal team. "They wouldn't even tell anybody who it was. " John K. Cunningham, Revel's lead bankruptcy attorney, responded by saying, "We were conducting the auction in accordance with the bankruptcy court's bid procedures.
NEWS
September 25, 2014 | By Jacqueline L. Urgo, Inquirer Staff Writer
Atlantic City officials confirmed that a pre-notice layoff letter had been sent Tuesday to all municipal employees, informing them that the city will file a layoff plan with the state next Wednesday. As many as 300 jobs could be affected and entire departments - which provide services duplicating some also provided by Atlantic County - could be eliminated, officials said. Except with Police Department employees, the city noted that it intends to reopen all labor contracts, which could result in reduced wages and benefits for city employees.
NEWS
September 25, 2014 | By Julia Terruso, Inquirer Staff Writer
A year before Tiffany Galati's boyfriend, Andrew Tuono, was shot in a hit in Atlantic City that prosecutors say was arranged by her wannabe mobster father, she asked one of the same hit men to rough up an ex-boyfriend. "I wanted Jeff beat up," Galati, 33, said while testifying for the government in her father's murder-for-hire trial in federal court. "Not killed. I'm not a murderer. " "Unlike my father, who actually had bullets firing at me," she added with a scathing look toward the defense table, speaking directly at Ronald Galati, "I just don't know how you can do that to your own kid, or even put me up here.
BUSINESS
September 22, 2014 | By Harold Brubaker, Inquirer Staff Writer
Atlantic City has become a place where hedge-fund managers go to lose their shirts. Three of the four Atlantic City casinos that closed this year (or four of five, if Taj Mahal closes in November) were controlled by hedge funds that suffered deep - but difficult to measure - losses. By contrast, operators with deep experience with casinos bought Resorts and the former Trump Marina (now Golden Nugget) in 2010 and 2011. Both casinos are showing signs of turning the corner - although the Atlantic City market overall remains far from settled.
NEWS
September 22, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - In retail, it's a numbers game, so whenever Rachel Lewis heard or read that another casino was closing here, she'd get knots in her stomach. The thought racing through her mind: Fewer casinos means fewer hotels, which equates to fewer tourists at her stores. "Every Shore town under and above Atlantic City relies on tourism," said Lewis, 24, district manager at Making Waves, an upscale women's apparel chain only at the Shore, with four shops within a two-hour drive of Atlantic City - in Stone Harbor, Ocean City, Long Beach Island, and one in Cape May that is open year-round.
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