October 19, 2014 |
A federal bankruptcy judge on Friday allowed the owners of Atlantic City's bankrupt Trump Taj Mahal Casino Resort to void its contract with its 1,100 union workers. Whether the $15 million in savings will be enough to keep the doors of the troubled casino open is nowhere near a sure bet. In a decision delivered in a Delaware courtroom, Judge Kevin Gross granted a request by the casino's owners, Trump Entertainment Resorts, to end the contract, cutting health and pension benefits.
October 1, 2014 |
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.
August 8, 2014 |
K IM KARDASHIAN and Kanye West are finally planning to move out of Kris Jenner 's house. But they're not going far. Don't want to be lugging that reality TV-show equipment all around Cali. TMZ.com reports that the couple of Ks are in escrow for an estate once owned by Lisa Marie Presley only five minutes from their current Calabasas residence. Purchase price was $20 million, a million below the listing. E! News says that the 3 1/2 acre love shack has two pools, two spas, two barbecue centers and its very own vineyard so the pair can get plastered on their own vino and never have to socialize with each other.
April 22, 2013 |
ATLANTIC CITY - The California development company that plans to buy Atlantic City's Trump Plaza Hotel & Casino for $20 million says the deal is on hold. In a statement issued late Friday, the Meruelo Group said the sale could not currently be completed as planned because Trump Entertainment had been unable to obtain the release of a mortgage held by a "senior secured lender. " When the deal was announced in February, Meruelo said it hoped to close the sale by May 31 The Press of Atlantic City said Trump spokesman Brian Cahill confirmed Meruelo's statement but had no further comment.
November 15, 2012 |
ATLANTIC CITY - This resort's casinos are struggling to deal with the aftermath of Sandy by laying off workers, cutting the hours of others, and making still others take unpaid leaves. The storm forced the city's 12 casinos to close for five to seven days. Since then, business has been slower than normal. The Atlantic Club has turned to layoffs to offset the downturn. The two Trump casinos are making salaried workers take a week off without pay and are barring hourly workers from using vacation days to cover time off during the storm.
November 3, 2012 |
Gov. Chris Christie this morning allowed Atlantic City's casinos be reopened to the public, six days after his executive order declaring them closed in preparation for Hurricane Sandy's arrival. Christie ordered gaming suspended on Saturday. He said they could reopen starting 10 a.m. today. Sandy officially came ashore in Atlantic City 8 p.m. Monday night and was severely impacted by the storm, with part of the the boardwalk being washed away in the northern end. Christie had suspended operations at all 12 casinos, which forced closure of all the hotels, simulcast facilities and gaming.
September 25, 2012
Frederick T. Cunningham, 59, vice president of legal affairs for Trump Entertainment Resorts, died Thursday, Sept. 20, after suffering a heart attack on his way home to Haddon Heights from Atlantic City. Mr. Cunningham also served as secretary of the New Jersey Bar Association's Casino Law Section. He grew up in Levittown, Bucks County, as well as Levittown, Long Island, and graduated from the State University of New York in Brockport in 1974. Mr. Cunningham met his wife, Joanne, while working in the claims department at Colonial Penn Insurance Co. After marrying and starting a family, he studied law at night at Rutgers University Law School in Camden, from which he received his degree in 1986.
March 30, 2012 |
ATLANTIC CITY - When Atlantic City rolled out its "Always Turned On" tourism slogan in 2003, critics felt it was a little, well, risque. Nine years later, they've fixed that. The new slogan? "Do AC!" It's part of a $30 million casino-funded campaign to promote the nation's second-largest gambling resort through a group called the Atlantic City Alliance. The slogan, written by an agency the alliance hired, tested well, according to Atlantic City Convention & Visitors Authority president Jeff Vasser.
February 16, 2012
In the Region House to study refinery closures Rep. Patrick Meehan (R., Pa.) said Wednesday that the House Homeland Security Subcommittee on Counterterrorism and Intelligence would examine how nationwide refinery closures, including three in the Philadelphia area, could cause supply shortages and threaten critical infrastructure. Meehan said the panel's inquiry would help explain the homeland security consequences of the decline in U.S. refining capacity. Sunoco Inc. has shut its Marcus Hook refinery and announced plans to idle its Philadelphia plant if a buyer cannot be found.
December 24, 2011 |
ATLANTIC CITY - Ho-ho-whoa! Just in time for Christmas, New Jersey casino regulators ruled Friday that it would be all right to have a strip club inside the Taj Mahal Casino Resort. The so-called "gentlemen's club" would be the first in an Atlantic City casino since legalized gambling began here 33 years ago. The ruling by the Division of Gaming Enforcement would permit Scores to open a $3 million club at the Taj, provided the company can obtain a liquor license. The project "will give us additional entertainment, food, beverage, and retail amenities that will be great additions to the property," said Robert Griffin, chief executive officer of Trump Entertainment Resorts Inc. In a directive that bordered on an anatomy lesson, the division explicitly detailed what would need to stay covered.