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In 1989, the casino at the Atlantis Hotel and Casino was forced to close. [18] In 2007, the Tropicana Hotel & Casino was denied a renewal of its license. [19] In 2010, the CCC approved a settlement between the New Jersey Division of Gaming Enforcement and MGM Mirage, whereby MGM relinquished its 50% ownership in the Borgata Hotel Casino.
Smoky, hazy gambling floors have long been part of the Atlantic City casino experience for some people. But on Friday, the United Auto Workers and another group filed a lawsuit against New Jersey ...
The Casino Reinvestment Development Authority or CRDA is a New Jersey state governmental agency that was founded in 1984 and is responsible for directing the spending of casino reinvestment funds in public and private projects to benefit Atlantic City and other areas of the state. From 1985 through April 2008, CRDA spent US$1.5 billion on ...
A law passed by popular vote in 1976 gives Atlantic City a monopoly on casino gambling in New Jersey. [62] [63] An analysis by Fitch, a credit-rating agency, determined that as many as four of Atlantic City's eight casinos would be bankrupted by expanding casino gambling outside the city. Supporters of gambling in North Jersey said the measure ...
Atlantic City briefly implemented a smoking ban in 2008, but quickly repealed it after the casinos experienced a drop in revenue of nearly 20% in two weeks, according to Seth Ptasiewicz, an ...
TRENTON — An Atlantic City casino that was seeking as much as $50 million from its insurers to cover COVID-19 shutdown costs is leaving empty-handed after a ruling from the state Supreme Court.
The hotel-casino was to be built by Boardwalk Properties, Inc., a wholly owned subsidiary of Penthouse International, Inc., the publisher of Penthouse magazine.Initial construction of the project began in 1978, but was halted in 1980 due to financing problems and gaming licensing difficulties. [1]
New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was ...