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Want a Casino? Nj’s Atlantic Club Is On The Auction Block

Want a Casino? Nj’s Atlantic Club Is On The Auction Block

New Jersey’s distressed Atlantic Club has filed for bankruptcy security and is now up for auction (Image source: dol.wa.gov)

It was quite a dramatic weekend in Atlantic City.

As nj-new jersey inches closer and closer to its November 26th online casino launch, PokerStars was rejected (for the time being) for the online gaming permit within the state, the Atlantic Club declared Chapter 11 bankruptcy, and next thing you realize, the once-much-sought-after land casino ended up being rising for sale.

Going When, Going Twice

If you’re interested in buying a casino with a complete lot of history (that one was originally developed and built by renowned mogul Steve Wynn), now’s your chance. Bids must be received by November 18, plus the auction itself will require put on an as-yet-undetermined date in mid-December. a bankruptcy that is federal gave her blessings to the hotel-casino to remain running normally for now, under the umbrella of its Chapter 11 status.

After making its court filing last week, the Atlantic Club’s attorney Michael Sirota noted that ‘we do plan to move fairly quickly,’ saying the casino is too short on running budget to stay afloat for very long without a speedy sale bail out.

‘It’s the beginning of the necessary process,’ said Atlantic Club CEO Michael Frawley. Judge Gloria Burns put her stamp that is green the sale plan, with everyone’s goal being to go it right along. She also provided a thumbs up to

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Will Massachusetts Casino Gambling Ever Really Happen? Place Your Bets

Will Massachusetts Casino Gambling Ever Really Happen? Place Your Bets

Overlook the British; are casinos ever coming to Massachusetts? (Image source: Britannica.com)

In 2011, Massachusetts passed casino gambling legislation, but in 2013, it’s still uncertain whether that may lead to any actual casinos being built in the state. While that law managed to get possible for licensing of up to three casinos in various parts of the state (along with one slots parlor), a combination of reluctant communities and a brutally intrusive gaming commission are beginning to create some wonder if anyone will ever get authorized for a casino here.

Uphill Battle So Far

Here’s the reality: many communities have rejected the theory of having a casino within their neighborhood. East Boston and Palmer both said no to casinos on this Election that is past Day while many other towns stopped proposals from going ahead before they ever got on the ballot. It doesn’t mean every casino has been refused, of course. Milford is using Foxwoods on a proposal that will be taken up to a vote on 19, while the town of Everett overwhelmingly approved a Wynn project, with 87 percent of voters coming out in favor of it november. And MGM won a casino vote in Springfield this summer as well.

But that alone isn’t enough. The Massachusetts Gaming Commission must also accept the companies that will be running these casinos, and that is beginning to look like a real issue in some of those instances. When Suffolk Downs

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Southern Korea Officials Reveal 34 Bidders for Casino Licenses

Southern Korea Officials Reveal 34 Bidders for Casino Licenses

The South Korean Ministry of community, Sports, and Tourism revealed that we now have 34 bidders for the two casino licenses being become issued for the procedure of two foreigner-only built-in resorts inside the country’s boundaries.

Southern Korea officials are expected to announce later on in where one of the hotel and casino properties is to be located august. This might mark the beginning of the choice procedure. Analysts genuinely believe that one of many venues are built in Seoul or someplace close to the nation’s capital. As for the other integrated resort it is likely to be based in Incheon. The city is well known for the Incheon airport terminal, the biggest one in South Korea.

Casino operators and professionals have actually over and over repeatedly pointed out that a gambling location located somewhere near the airport is likely to become a profitable one as it is always to attract more Chinese high rollers also wealthy visitors from other countries that are asian.

The Ministry of community, Sports, and Tourism will start thinking about all 34 bidders and is expected to announce its choice on which two of those are to be given the casino licenses in 2015 december.

Two licenses that are such been granted by the ministry. The resorts that are integrated be located on the Yeongjongdo Island and Incheon. LOCZ Korea, a consortium between Chinese property developer Lippo Group and Las Vegas-based

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