September 7, 2014 |
The New Jersey Division of Gaming Enforcement gave online gambling company Betfair Interactive US L.L.C. permission to intervene in writing in proceedings on the closing of Trump Plaza on Sept. 16. Betfair, which is based in London, England, is Trump Plaza's online gaming partner and will be able to continue operating until the Trump Plaza license is revoked, but may need to find a new bricks-and-mortar casino partner to keep operating in New Jersey thereafter. Betfair's attorney said in an Aug. 25 letter to regulators that Trump officials have not responded to any requests for information about the closing.
September 7, 2014 |
Latitude 360 Inc., a Jacksonville, Fla., company that reportedly wants to build a $20 million entertainment complex in Atlantic City, completed a merger in June that made it a publicly traded company. That could be a good thing. But Latitude 360's first quarterly report with the Securities and Exchange Commission painted an ugly financial picture. The company said it had $93 million in accumulated losses and a $23 million deficit in working capital, a key measure of short-term financial health.
September 5, 2014 |
The largest Philadelphia-based accounting firm, ParenteBeard L.L.C., will join Chicago-based Baker Tilly Virchow Krause L.L.P., the two firms said in a statement Wednesday. The combined firm will be called Baker Tilly Virchow Krause L.L.P. The ParenteBeard name will disappear, the combined firm will be headquartered in Chicago, and Baker Tilly leadership will remain in place. But, Baker Tilly spokesman David Pendery insisted, the transaction was a merger and not an acquisition by the larger Baker Tilly.
August 27, 2014 |
Arthur T. Hilkert, 89, whose training as a Navy pharmacist's mate during World War II eventually led him to a civilian career representing U.S. drug manufacturers overseas, died Monday, July 28, at Our Lady of Lourdes Hospital in Camden following a stroke. Born in Canton, Ohio, Mr. Hilkert graduated from Lehman High School there and served in the Navy from 1943 to late 1945. After boot camp, he studied in a Navy program at St. Lawrence University in Canton, N.Y., and, as a pharmacist's mate, was stationed at what is now the Naval Medical Center in San Diego.
August 20, 2014
M ICHAEL PRIFTI, 60, of Wynnewood; Eric Rahe, 56, of Phoenixville; and Michael Ytterberg, 60, of East Falls, are principals in BLT Architects. The second-generation Center City firm works in mixed-use, multifamily, education and hospitality spaces. I spoke with Prifti, who's managing principal. Q: What sets BLT Architects apart from other firms? A: We don't bring preconceived notions to any opportunity. Our higher-education work has informed our hotel work. Similarly, the hotel work is showing up in residential where there's lots of interplay in the amenity space.
August 8, 2014 |
William J. Holland, 85, formerly of Berwyn, an accountant who rose to become an executive with Coopers & Lybrand, died Thursday, July 31, of congestive heart failure at the Bellingham Retirement Community, West Chester. Mr. Holland had lived at the facility for the last several months, said his son-in-law, Bob Logan. Before that, he lived in Berwyn, Wayne, and Stone Harbor, N.J. Mr. Holland had only one employer. He worked as a certified public accountant on the audit staff, starting in 1952, for what was then Lybrand, Ross Bros.
July 30, 2014 |
A New Jersey investment firm has agreed to pay $30.25 million for Northeast Philadelphia's Deer Meadows Retirement Community, which filed for bankruptcy protection in April. Investment 360 L.L.C., of Lakewood, will function as a "stalking horse bidder" at an auction next month, setting a baseline price, according to a bankruptcy court filing. U.S. Bankruptcy Judge Eric L. Frank on Monday scheduled a hearing for Aug. 11 on a proposed breakup fee that would pay 2.5 percent of the purchase price, or $756,250, to Investment 360 if the deal does not close or a higher bidder emerges.
July 28, 2014 |
In a bid to cut Medicare spending and help pay for health-care changes, the Obama administration has significantly expanded audits designed to recover improper payments from health-care providers. "We are taking, I would say, a brutal spanking, those that are fully compliant and within regulation," said Tim Fox, founder and chief executive of Fox Rehabilitation, a Cherry Hill company that provides physical therapy and other services to the elderly. "It's dead easy to commit fraud under Medicare, and that's why there's so much fraud and abuse out there," Fox said.
July 27, 2014 |
STONE HARBOR - Christina Smith is not a local, but close. Nearly 20 years ago, the interior designer gave up the cosmopolitan lifestyles of Philadelphia and Stamford, Conn., and cast her lot at the Shore. In her case, the very tony Shore of Stone Harbor and Avalon. She formed the Summer House Design Group and, needless to say, she has had a unique view of the lifestyles of the rich and shoobie. And it's not all starfish fabric and "Welcome to the Beach" signs. Question: How did you end up at the Shore, here in Stone Harbor?
July 26, 2014 |
"Ride-share" services Uber and Lyft won temporary authority from the Pennsylvania Public Utility Commission on Thursday to operate in Pittsburgh and surrounding Allegheny County. In another development, taxi cabs in Philadelphia will be required to install security cameras this year, following approval Thursday by the state Independent Regulatory Review Commission. The security cameras will monitor both the driver and passengers, and are designed to improve safety for both, said the Philadelphia Parking Authority, which regulates taxis in Philadelphia.