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.
As if the recession was not enough, the Atlantic City casino industry has had to endure a Winter with unusually high amounts of snow in New Jersey, causing millions of dollars in revenue loss.
Donald Trump and Carl Icahn are two of the most successful people in their fields, and now they are squaring off against each other in court. At stake, are three of Atlantic City’s eleven casinos.
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.
A Senate Committee in New Jersey approved a bill that calls for a referendum on sports betting on Monday. It is the first step in what could be the future of the AC gambling industry.
