10 June 2010

Icahn Defeats Trump For Ownership Of Tropicana Casino In AC


Carl Icahn has become well-known for his acquisitions of bankrupt casinos in Atlantic City and this week he can add another property to his name. Icahn has won the rights to purchase the Tropicana Casino and Resort.

Snow Buries Atlantic City Casino Revenue In February
The last thing the Atlantic City casino industry needed was a harsh winter, but that is exactly what it got. Consequently, revenue continued to tumble at the city's eleven casinos in February.

Hard Rock Speaks Out On Possible Atlantic City Casino
If the goal of state lawmakers was to create interest again for their Atlantic City casino industry, they have succeeded. After legislators introduced a bill that would allow four new casinos, Hard Rock International expressed interest.

Atlantic City Casino's $2 Blackjack Tables Is Sign Of The Times
The Atlantic City casino industry has been hit so hard by the economy that the oldest casino in the city, Resorts Atlantic City, recently added $2 blackjack tables.

Wynn Denies Interest In Atlantic City Casino Gambling Industry
Atlantic City has been a place that casino developers have run from in recent years, which is why it was surprising to hear rumors that Steve Wynn was interested in the stalled Revel casino project. On Friday, Wynn put an end to that speculation.

Atlantic City Casinos Putting New Jersey Residents Back To Work
It has been a rough couple of years for the Atlantic City casino industry, but in April, the casinos have put over 500 people back to work after a successful job fair was held.

Trump Defeats Icahn In Battle Over Trump Entertainment Resorts
Donald Trump has been in a bitter battle over control of Trump Entertainment Resorts and now it appears that Trump and bondholders have won control of the gaming company.

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