Moody’s: Atlantic City faces big trouble without state takeover

assetContent (74)TRENTON — A Wall Street credit rating agency suggested in a report Wednesday that Atlantic City would face significant financial shortfalls without the state taking over large swaths of the city’s local government. Moody’s Investor Services released the report a day before the state Legislature begins considering two measures aimed at helping the Jersey Shore gambling… Read the rest of this entry »

Posted: March 10th, 2016 | Author: | Filed under: Atlantic City, News | Tags: , , | 1 Comment »

Christie announces deal for state to oversee Atlantic City finances

assetContent (53)TRENTON — Avoiding possible bankruptcy and hostile state takeover of a once-glittering gambling resort town, top political leaders and the Atlantic City mayor Tuesday announced a compact to repair the city’s finances. The arrangement stops short of the kind of intervention the Democratic state Senate president was seeking and the bankruptcy Mayor Don Guardian threatened to… Read the rest of this entry »

Posted: January 26th, 2016 | Author: | Filed under: Atlantic City, New Jersey | Tags: , , | 1 Comment »

Wall Street painting a dire future for Atlantic City

assetContent (1)TRENTON — For the second time in four days, a Wall Street credit rating agency has painted a dire outlook for Atlantic City. Moody’s Investors Service said in a report Monday that Gov. Chris Christie’s recent rejection of a financial aid package leaves the Jersey Shore gambling resort likely to default on debt services as early… Read the rest of this entry »

Posted: January 25th, 2016 | Author: | Filed under: Atlantic City, Chris Christie | Tags: , , , , | 2 Comments »

What does Moody’s think about north Jersey casinos and Atlantic City?

assetContentTRENTON — A Wall Street rating agency said Tuesday a plan to expand casino gambling to north Jersey would be “bad news” for Atlantic City and could cause more casinos to close in the Jersey Shore resort. The report by Moody’s Investor Services came on the same day a bill was formally introduced in the state… Read the rest of this entry »

Posted: January 14th, 2016 | Author: | Filed under: Atlantic City, NJ Constitution, NJ State Legislature | Tags: , , , , , , | 1 Comment »

Bill introduced to put northern New Jersey casinos on 2016 ballot

casino_gamesHACKENSACK, N.J. — A casino could open in the Meadowlands sports and entertainment complex outside New York City as soon as 2017 if New Jersey voters approve a referendum next November allowing for two casinos in the northern part of the state. Senate President Stephen Sweeney, a Democrat, announced Friday that he has introduced legislation that… Read the rest of this entry »

Posted: December 12th, 2015 | Author: | Filed under: New Jersey | Tags: , , , , , , | Comments Off on Bill introduced to put northern New Jersey casinos on 2016 ballot

N.J. sports betting case will go before U.S. appeals court again

Picture 012State Senator Joe Kyrillos, whose district includes Oceanport, the home of Monmouth Park, said, “This court reversal puts us back on the right course to create opportunities here, improve the quality of life, and enhance the state’s economy and job creation and retention at Monmouth Park and Atlantic City. As I’ve said for months, we will prevail, and the repeals that this legislature enacted on a bipartisan basis will ultimately stand.”

TRENTON — New Jersey’s years-long battle to legalize sports betting will get another day in court — and experts say the outlook for the state is suddenly a positive one. Nearly two months after a three-judge U.S. Third Circuit Court of Appeals panel rejected the state’s latest bid to legalize sports wagering at casinos and racetracks,… Read the rest of this entry »

Posted: October 15th, 2015 | Author: | Filed under: Horse Racing Industry, Joe Kyrillos, Monmouth County News, Monmouth Park | Tags: , , , , , , , , | 1 Comment »

Tangled web surrounds United’s aborted Atlantic City routes

assetContent (70)NEW YORK — Desperate to draw visitors to Atlantic City, New Jersey officials gave United Airlines more than $100,000 in incentives to fly to the seaside resort for at least a year. Then, when United abruptly canceled the money-losing routes eight months later, the officials appointed by Gov. Chris Christie decided not to enforce a contract… Read the rest of this entry »

Posted: September 29th, 2015 | Author: | Filed under: Atlantic City, NJ DOT, Port Authority | Tags: , , , , , , , | 2 Comments »

Court upholds weight rules for ‘Borgata Babes,’ report says

borgata.calATLANTIC CITY — An appeals court Thursday upheld a lower court ruling allowing the Borgata Hotel Casino and Spa to mandate weight limits for servers known as “Borgata Babes,” the New Jersey Law Journal reported. More than 20 of the servers, who are required to wear revealing uniforms, objected to the policy, arguing it only affected… Read the rest of this entry »

Posted: September 18th, 2015 | Author: | Filed under: Casinos, New Jersey, News | Tags: , , , | Comments Off on Court upholds weight rules for ‘Borgata Babes,’ report says

Trump Is Gone From Atlantic City But Not Forgotten

atlantic-city-casinoNo single figure has been more associated with Atlantic City casinos than Donald Trump, now the Republican presidential frontrunner. WNYC took a trip down to Atlantic City to find out more about his history there, and his legacy. Our guide was Reuben Kramer, who covers the casino industry for The Press of Atlantic City. Reuben Kramer… Read the rest of this entry »

Posted: August 27th, 2015 | Author: | Filed under: 2016 Presidential Politics, Atlantic City, Donald Trump | Tags: , , | Comments Off on Trump Is Gone From Atlantic City But Not Forgotten

Judge: No violation to remove rest-area strip club brochures

Bare ExposureTRENTON, N.J. (AP) – A federal judge says a strip club did not have its First Amendment rights violated when its brochures were removed from New Jersey highway rest areas. P.R.B.A. Corporation, which runs the Bare Essentials club in Atlantic City sued in 2012 after an employee of HMS Host Toll Roads ordered that its brochures… Read the rest of this entry »

Posted: February 19th, 2015 | Author: | Filed under: Atlantic City | Tags: , , , , | Comments Off on Judge: No violation to remove rest-area strip club brochures