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Atlantic City: Claridge Hotel's Former Gambling Casino To Become New Jersey's First Cannabis Lounge
Tuesday, February 28, 2023 - 9:58pm | 621New Jersey's Casino Reinvestment Development Authority approved a proposal that would bring a 10,000-square-foot cannabis dispensary and lounge to Atlantic City's historic Claridge Hotel and former gambling casino where Marilyn Monroe once judged the Miss America Pageant...
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Atlantic City Casino Workers Vote To Strike On July 1
Friday, June 17, 2016 - 2:43pm | 346Battered Atlantic City casino operators could have another major headache on the way in less than two weeks. Casino workers at four of the city’s remaining casino resorts have set July 1 as a negotiation deadline or they will go on strike. The casino workers’ union has said that workers...
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Atlantic City's Most Expensive Failure Re-Opens Its Doors This Week... Maybe
Wednesday, June 15, 2016 - 1:23pm | 450Eccentric and flamboyant Floridian entrepreneur Glenn Straub is taking one last crack at pointing Atlantic City in the right direction. This week, the $2.4 billion Revel casino resort re-opens in Atlantic City. Maybe. The Revel originally opened in 2012 and was 90 percent financed by Morgan Stanley...
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Trump Target Of New York Times Piece Yet Again: Atlantic City, Bankruptcy And 'Protracted Failure'
Monday, June 13, 2016 - 2:20pm | 371The New York Times wrote a story in May that detailed presumptive Republican presidential nominee Donald Trump's "unwanted romantic advances" toward women decades ago. The New York Times said at that time it interviewed many women who had either worked with or for Trump or dated him or just...
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See What Them Racket Boys Can Do: Carl Icahn, Bernie Sanders Trade Barbs On Atlantic City
Monday, May 9, 2016 - 6:18pm | 477Speaking in Atlantic City on the eve of the Democratic primary in West Virginia, Sen. Bernie Sanders criticized Donald Trump's presence in the seaside town. "You don't think he is a brilliant, successful businessman who can continue the tide of prosperity to America that he has...
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Carl Icahn Blasts Trump Taj Mahal Union And Healthcare Plan In New Letter
Thursday, March 19, 2015 - 9:19am | 386Carl Icahn in a letter published Thursday blasted Taj Mahal's INITEHERE Health plan and the employees union organization. Responding to what Icahn said are "grossly inaccurate statements," he said that he is not against healthcare plans for employees nor is he against unions....
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Top 10 U.S. Gambling Destinations
Wednesday, December 24, 2014 - 8:37am | 525Over the past few years, the world gaming market has been all about Macau, China, the world’s largest and fastest-growing gambling Mecca. However, as revenue in Macau has started to drop in 2014 for a number of reasons, the U.S. gambling market has become the focus of many investors....
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Why This Hedge Fund Hasn't Purchased Atlantic City Debt
Tuesday, December 2, 2014 - 1:01pm | 452David Tawil is the co-founder of Maglan Capital, an event-driven hedge fund that focuses on distressed events and situations like bankruptcy. Tawil recently joined Benzinga’s #PreMarket Prep to talk about why his fund hasn’t purchased any Atlantic City Debt. Tawil started by...
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Carl Icahn May Give Donald Trump $100 Million
Tuesday, September 30, 2014 - 2:13pm | 114Carl Icahn may consider investing $100 million in the Trump Taj Mahal casino in Atlantic City to stave off the closing, according to The Wall Street Journal. The investment would be contingent on union concessions, tax breaks and a $25 million investment by the state redevelopment agency of New...
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Caesars Cuts Atlantic City Losses; Shares Gain 5%
Friday, June 27, 2014 - 12:42pm | 151Caesars Entertainment (NASDAQ: CZR) shares gained nearly five percent Friday after the company said it will cut its losses on an Atlantic City property because of persistent declines in business levels. CEO Gary Loveman said revenue is off by more than $3 billion in Atlantic City since 2006, while...
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Gov. Christie’s Strange Takeover of Atlantic City
Tuesday, August 3, 2010 - 6:18pm | 906It’s been a couple of weeks since New Jersey Republican Governor Christie called for a state takeover of Atlantic City. The news came as a shock. Take that Tea Party! Was this the same guy who campaigned for lower taxes and less government, just a few months ago? Takeover, the word used in the...