Casino Business | Featured News | TOP STORY

Court Update on Troubling Atlantic City Casino PILOT Tax Deal

Is the Atlantic City Casino PILOT deal, a bad bet for local and county taxpayers? Will Judge Julio Mendez call that sweet, 10 year tax break for Atlantic City casinos… unconstitutional? Most hope so. The PILOT (payment in lieu of taxes) ignores the NJ Constitution requiring that all tax rules be applied equally to everyone. …

Casino Business | Don Guardian | Featured News | TOP STORY

Mayor and Council President Race to Spend Last of Controversial Atlantic City MGM Endowment Fund

So, just how much of that controversial $5mil MGM Atlantic City Endowment Fund was actually put to good use? Apparently, not much. Most of those dollars have been connected to questionable allocations. In the final minutes of his only term, Mayor Don Guardian wants one last crack at spending AC money: the MGM/AC Endowment fund’s remaining $1.32 million….

Business News | Casino Business | CRDA | Featured News | TOP STORY

Hard Rock Presents Gas Station Plans to CRDA Land Use Board.

The CRDA Land-Use division heard Hard Rock’s plans for a combo gas station, car wash convenience store. It’s all part of the proposed redevelopment of the closed Trump Taj Mahal. The hearing took place on Dec 21,  at the CRDA’s Pennsylvania Avenue office. Rockstop Gas & Wash, on the Hard Rock property: Open 24 hours…

Casino Business | Featured News | Steve Norton on Casinos | TOP STORY

Norton on Gaming: Atlantic City’s Odds of Recovery & Re-invention

From Steve Norton, Veteran casino executive & Chairman/CEO at Norton Management LLC: Online gaming works in New Jersey because 95% of the State’s population lives closer to gaming in neighboring states, and have reduced their play in Atlantic City, in favor of casinos and race track slots in PA, DE, MD and NY.  New Jersey does well with…

Casino Business | Featured News | Liberty & Prosperity | TOP STORY

Levinson & Grossman Challenging Constitutionality of PILOT Bill

The infamous PILOT bill is finally being challenged. Liberty & Prosperity, a constitutional advocacy group lead by Seth Grossman, has teamed up with Atlantic County Exec Denny Levinson. Both sides presented arguments in front of Superior Court Judge Mendez on Nov 30. Both are convinced that the PILOT is un-constitutional. Grossman, a Somers Point attorney and former Atlantic City councilman, refers to the…

Casino Business | CRDA | Featured News | TOP STORY

CRDA Says $10.5 Million Lobby Upgrade to Boardwalk Hall is Smart Investment. Really.

Watch video clips, and see our notes and commentary from the recent CRDA meeting of Nov. 21. City Council of Atlantic City meetings are well-attended. Residents voice their opinions, ask questions, and point fingers during public comment. It often gets quite spirited as taxpayers hold the Mayor and 9 council members accountable for their actions….

Business News | Casino Business | Featured News | Steve Norton on Casinos | TOP STORY

How to Improve Atlantic City, by Steve Norton.

Congratulations to Atlantic City Mayor-Elect Frank Gilliam, and welcome to a casino resort trying to rebound from too much gaming competition. I was fortunate enough to be part of the birth of Eastern America’s first casino resort, and it was an amazing time. At Resorts International, we purchased and ran the Chalfonte-Haddon Hall Hotel for…