The 11 casinos located in Atlantic City together recorded income for the month of July 5 percent lower than the same month last year. July had always been one of the most profitable months in the history of casinos but these results which was unexpected now makes it 23 months in a row in which…
Mar 042010
Billionaires Carl Icahn and Donald Trump had been battling for the ownership of Tropicana Casino Resort in Atlantic City during the past days. Icahn emerged as the winner and now has the rights to buy Tropicana.
The Casino Control Commission saw Icahn’s plan as more superior than that of Trump’s with even the latter having…
The recession started last year with the collapse of large financial institutions in the United States. Since then, it had undergone a domino effect affecting major industries all over the world. Buyouts became more common as one by one, companies fell to debts and bankruptcies.
The casino industry is no exception. 2009 has been a…
