Atlantic City – News Stories About Atlantic City - Page 3

Feb 16, 2009 8:41 PM CST

Trump Casinos Expected to Go Bankrupt

(Newser) - Owing bondholders more than a billion dollars, Donald Trump's Atlantic City casino company is expected to file for chapter 11 tomorrow, the Wall Street Journal reports. Board members are discussing it tonight, but if they don't file, creditors will force them into bankruptcy tomorrow. It will mark Trump Entertainment Resorts'...

MGM Delays New Casinos
for Vegas, Atlantic City

Oct 29, 2008 3:03 PM CDT

MGM Delays New Casinos for Vegas, Atlantic City

After credit downgrade, firm reports 67% decline in quarterly net income

(Newser) - MGM Mirage will suspend work on new casinos in Las Vegas and Atlantic City due to the dismal credit climate, the Wall Street Journal reports. The firm reported a 67% drop in third-quarter net income as the slumping economy quells consumers’ desire to gamble or spend at casino restaurants and...

Gambler Sues Casinos for $20M

Mar 9, 2008 5:30 AM CDT

Gambler Sues Casinos for $20M

Gambling 'addict' says dens failed to stop her from blowing $1 million

(Newser) - A former New York attorney is suing seven casinos for $20 million, claiming they helped woo her to the tables, and let her continue to play and lose despite an obvious gambling addiction. Workers at Atlantic City and Las Vegas gambling dens should have stopped her from blowing $1 million...

Atlantic City Takes on
Las Vegas

Nov 20, 2007 4:11 PM CST

Atlantic City Takes on Las Vegas

Four companies to invest $9 billion, open luxe mega-casinos

(Newser) - Atlantic City is about to get a $9 billion makeover, with four companies slated to build as many new mega-casinos by 2012. The luxury resorts constitute the biggest burst of investment in the city since the start of casino gambling in 1978, the AP reports. As Atlantic City bids to...

Atlantic City Trumps The Donald

Apr 11, 2007 7:02 AM CDT

Atlantic City Trumps The Donald

After mogul fires himself as CEO, casinos still in last place

(Newser) - Donald Trump's casinos are faltering in Atlantic City, the very seaboard Vegas the flamboyant developer helped build in the 80s and 90s. The Taj Mahal is still flush, but Trump's two other hotels are last in revenues. And analysts aren't betting on them, thanks in part to the share...