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Posts Tagged ‘City’s’

Atlantic City’s Ocean Resort Casino Reportedly Set to Open June 28th

“Looks like we’re going to New Jersey to visit an accounting firm. That’s a shitty day.” –Terry Hoitz in The Other Guys Ok, now I readily admit that this article has nothing to do with an accounting firm, but seeing as I am about to encourage everyone to visit New Jersey on June 28th, I couldn’t help but think of that quote and laugh. Oh, how I laughed. According to a report from the Press of Atlantic City, the Ocean Resort Casino is setting its sights on a June 28th grand opening. This is not only significant because it’s the grand opening of the Ocean Resort Casino (hello SEO), but also because it is the exact date when the Hard Rock Hotel & Casino will open. Methinks the Boardwalk is going to be rockin’ that day. Seriously, it might be a lot of fun. The Press of Atlantic City was

Carl Icahn in Talks to Sell Atlantic City’s Trump Taj Mahal

According to the New York Post, Carl Icahn, whose Icahn Enterprises owns the Trump Taj Mahal casino in Atlantic City, is in discussions with other casino operators to sell the property. The former center of east coast poker closed on October 10th. Aside from making money, one of the reasons Icahn is looking to make a deal may be because he might not be allowed to re-open the casino for five years. Less than two weeks after the Taj Mahal closed, the New Jersey Senate passed S2575 by a 29 to 6 vote, an amendment which would add a reason why someone could be disqualified from holding a casino license. In this case, it would disqualify a licensee who closed a casino. Specifically, the amendment reads: Notwithstanding the provisions of any law, rule, or regulation to the contrary, the substantial closure of a casino hotel facility by the licensee occurring

Atlantic City’s Trump Taj Mahal Closes

The Trump Taj Mahal Hotel & Casino in Atlantic City closed yesterday after 26 years. Once the poker hub of the east coast, the Taj is no longer owned by the groping Republican presidential candidate Donald Trump, but rather by billionaire investor Carl Icahn’s Icahn Enterprises and is operated by Tropicana Entertainment. The Taj Mahal came to be in Icahn’s hands after Trump Entertainment Resorts exited bankruptcy in February 2016 (I know it’s surprising that a Donald Trump venture had problems, but humor me here); Icahn was its largest debt holder and agreed to take it on. He had said he was also going to spend $ 100 million to improve the property, but he never did. In late 2014, when Trump Entertainment Resorts began bankruptcy proceedings, employees lost their health care and pension benefits. This July, the Unite Here Local 54, which includes over 1,000 staffers of the Taj,