The Showboat is closing Sunday, followed by Revel on Monday and Tuesday. Trump Plaza is next, closing Sept. 16.» Read More
Here is a look at how gambling revenue and employment have changed since casinos launched in Atlantic City in 1978:. Dec. 29, 1979: Bally's Atlantic City opens. Aug. 13, 1980: Sands Casino Hotel opens.
ATLANTIC CITY, N.J.— When a casino shuts down, making an announcement over the loudspeaker and herding gamblers off the casino floor is only the beginning. Casino security, supervised by inspectors from the state Division of Gaming Enforcement and backed by state police, immediately secure the money and gambling chips from each table game and slot machine.
ATLANTIC CITY, N.J.— A time few could imagine during the not-too-distant glory days of casino gambling has arrived in Atlantic City, where two casinos will close this weekend and a third will shut down in two weeks. What makes it even tougher to swallow is that the Showboat— one of four Atlantic City casinos owned by Caesars Entertainment— is still turning a profit.
The repeal movement drew support from tea party groups, but Senate President Pro Tem Del Marsh, a Republican, blocked the bills with the support of one of the state's most powerful business groups, the Business Council of Alabama.
BALTIMORE— Casino hostess Helena Wong isn't having much luck. On Friday, a federal judge slapped the VIP hostess at the brand new Horseshoe Casino in Baltimore with a preliminary injunction barring her from contacting a list of clients she collected at her last job, at the Maryland Live Casino in Hanover.
*Trading volumes light ahead of Labor Day holiday. NEW YORK, Aug 29- U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had been briefly threatened by overseas concerns.
Shares of United Therapeutics closed up $26.14 at $117.83 on the Nasdaq, boosting the company's market value by about $1.24 billion to $5.57 billion.
In afternoon trading, United Therapeutics' shares were up $24.56, or 26.8 percent, at $116.25, after earlier rising as much as 28.7 percent to a record $118.00.
Aug 29- Four Atlantic City casinos are closing this year, but not all of their gamblers will return to visit eight others that have survived in the down-on-its-luck New Jersey resort. The casinos remaining open in Atlantic City are likely, however, to garner about 60 percent of the revenues that had been generated by the four closing casinos, Bumazhny said.
NEW YORK, Aug 29- U.S. stocks were slightly lower on Friday, with investors finding few reasons to extend a long-running rally, even as the latest economic data joined the trend of better-than-expected reports on the economy.
ATLANTIC CITY, N.J.— A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone. It also said it does not see any more casinos closing in Atlantic City for at least the next two years.
BELMAR, N.J.— Good weather and greater awareness that the Jersey shore has made huge strides in recovering from Superstorm Sandy helped make the second summer after the storm better than the first one, many merchants and elected officials say. "This summer was great," said Matt Riccelli, who manages Gee Gee's restaurants on the Manasquan beachfront.
Aug 28- Johnson& Johnson plans to seek a buyer for its medical device maker business, Cordis Corp, The Wall Street Journal reported citing people familiar with the matter. Earlier this year, J&J sold another of its units, Ortho-Clinical Diagnostics Inc to private-equity firm Carlyle Group for $4.15 billion.
NEW YORK, Aug 28- A Manhattan federal judge has dismissed a 12- year-old lawsuit accusing Ford Motor Co and IBM Corp of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts.
ATLANTIC CITY, N.J.— The three-story brick house on a mostly deserted street in the shadow of the failed $2.4 billion Revel Hotel Casino was Charlie Birnbaum's father's livelihood. It's those memories that keep him from accepting a buyout from the state agency in charge of redeveloping Atlantic City as the resort city's casino industry shrinks.
ATLANTIC CITY, N.J.— One of the region's largest mass-filings for unemployment and other benefits will begin next week for newly laid-off Atlantic City casino workers in an outreach effort so large it had to book part of the city's convention center.
The restaurant, which has three locations in the Kansas City area, will be known as Joe's Kansas City Bar-B-Que, co-owner Jeff Stehney said. During President Barack Obama's July visit to Kansas City, about $1,400 worth of ribs, pork, sausage and side dishes was shipped to Air Force One.
The National Institutes of Health announced Thursday that it is launching the safety trial on a vaccine developed by the agency's National Institute of Allergy and Infectious Diseases and GlaxoSmithKline.
Atlantic City hotel and casino Revel will shut its doors next week. As casinos continue to shut down, what's the future hold for A.C.?
Aug 27- New Jersey's Atlantic County, which includes the struggling gambling mecca of Atlantic City, saw the biggest employment drop of all U.S. metropolitan areas in July compared to the same time last year, according to preliminary U.S. Labor Department data on Wednesday.