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Atlantic City’s mayor has a mess on his hands

ATLANTIC CITY — Don Guardian won election as mayor of this seaside city last year by telling voters that fixing a government budget crisis requires a three-year-to-four-year plan.

Caesars moves to restructure $24 billion debt

ATLANTIC CITY — Caesars Entertainment Corp. said Friday it would begin discussions with its senior bondholders in efforts to restructure the largest portions of the company’s gaming industry-high $24.2 billion debt.

Company reviving Vegas’ Riviera wins control board OK

The Gaming Control Board has approved an application by the owners of Paragon Gaming to receive a percentage of gaming revenue generated at the Riviera, where the company took over operations last year.

Developer bids $90 million for Revel in Atlantic City

ATLANTIC CITY, N.J. — Atlantic City’s Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.

New Jersey gaming chief says Vegas shows the way

ATLANTIC CITY — Struggling U.S. gaming markets must broaden their appeal or prepare to for the same fate as this troubled seaside community, New Jersey’s top gaming regular said Tuesday.

Boston casino license pick delayed

BOSTON — Massachusetts gambling regulators said Wednesday they will hold off on awarding the lone Boston-area casino license this week to give Wynn Resorts and Mohegan Sun time to respond to requirements the state wants to impose on the winning bidder.

New Jersey lets MGM keep half of Borgata casino

ATLANTIC CITY, N.J. — New Jersey casino regulators on Wednesday let MGM Resorts back into the Atlantic City casino market

Bankrupt Trump Entertainment can stay in business

WILMINGTON, Del. — A Delaware bankruptcy judge is allowing a company that owns two Atlantic City casinos to continue operations. For now.

Claridge finds way to survive in struggling Atlantic City

The Claridge is the past and the future of the Boardwalk. The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place.

Trump Entertainment Resorts files bankruptcy

WILMINGTON, Del. — Trump Entertainment Resorts, the company founded by Donald Trump, has filed for bankruptcy, putting a fifth Atlantic City casino in danger of closing if it fails to negotiate concessions with union members.

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