Atlantic City Local Business
Local business in Atlantic City, NJ
Yesterday | via Philly.com
Municipal bondholders owed $118.9 million are at the center of a dispute that is threatening the sale of Atlantic City's bankrupt Revel Casino Hotel. But two New Jersey companies, whose joint venture built and operates Revel's utility plant and owes the $118.9 million, could suffer significant collateral damage if efforts this week to salvage the sale are unsuccessful. Comment?
Monday Nov 24 | via Bloomberg
About $119 million of municipal debt for a power plant serving the shuttered Revel Casino in Atlantic City may be approaching default after Brookfield Property Partners LP dropped a plan to buy the resort. Investors, including Capital Group Cos., Van Eck Global and BlackRock Inc., are scheduled to receive a $6.9 million interest payment on Dec. 1, data compiled by Bloomberg show. Comment?
Monday Nov 24 | via Patch.com
A Galloway woman who was hit by a New Jersey Transit train Sunday morning suffered a head wound that is not life threatening, The Press of Atlantic City reports. On Sunday at 12:51 p.m., the Absecon Police Department along with Absecon Medical Services responded to the train station platform for a report of a person being hit by a train, police said on Sunday. Comment?
Friday Nov 21 | via WSJ Media and Advertising
Internet-broadcast streaming company Aereo Inc. filed for bankruptcy protection five months after the Supreme Court delivered the technology a company a fatal blow in its fight with traditional television broadcasters, Daily Bankruptcy Review reports via The Wall Street Journal . A new ruling will allow New Yorkers to file for bankruptcy without risking losing their rent-controlled apartments, WSJ reports . Comment?
Thursday Nov 20 | via NJ.com
With Gov. Chris Christie in Florida at the year-end Republican Governors Association meeting, Lt. Gov. Kim Guadagno stepped in to address the annual League of Municipalities, which represents hundreds of the state's mayors and thousands of other elected and appointed municipal officials on Thursday in Atlantic City. Comment?
Thursday Nov 20 | via The Toronto Star
Brookfield Property Partners LP dropped plans to buy the shuttered Revel Casino in Atlantic City, New Jersey, in a new setback for the state's shrinking gambling industry. The Toronto-based investment company announced the decision yesterday in an email. Comment?
Thursday Nov 20 | via CBC News
The Revel Casino Hotel, right, is seen next to the already closed Showboat Casino Hotel in Atlantic City, N.J. Brookfield has decided not to purchase the bankrupt resort. The Toronto-based company announced Wednesday that it has terminated its acquisition of the hotel and casino from a bankruptcy court. Comment?
Thursday Nov 20 | via Reuters
Stock futures pointed to a lower start for Canada's main stock index on Thursday as investors grew cautious after weak economic data from Europe and China raised concerns over global growth prospects. The China flash HSBC/Markit manufacturing purchasing managers' index showed factory output contracted in the world's second biggest economy for the first time in six months. Comment?
Wednesday Nov 19 | via Bloomberg
The Toronto-based investment company announced the decision today in an e-mail. Brookfield was unable to win a reduction in electricity payments, according to two people with knowledge of the matter who weren't authorized to speak publicly and asked not to be identified. Comment?
Tuesday Nov 18 | via KOLD-TV Tucson
By MICHAEL CATALINI Associated Press ATLANTIC CITY, N.J. - It's the kind of seminar that ambitious civil servant Leslie Knope of NBC's "Parks and Recreation" would have circled on her calendar months in advance. At the annual New Jersey State League of Municipal Governments convention there are seminars on the wonky aspects of government - strategic planning, new traffic safety tools and best practices in infrastructure. Comment?
Monday Nov 17 | via Business Wire
Arch Mortgage Insurance Company , a leading provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., today released the Fall 2014 Edition of its Housing and Mortgage Market Review and the latest Arch MI Risk Index SM . The state- and city-level risk indices analyze the likelihood of home prices in a state or Metropolitan Statistical Area being lower in two years, based on recent economic and housing market data. Comment?
Monday Nov 17 | via Forbes.com
S&P LCD Zone features news and insights from S&P Capital IQ's Leveraged Commentary and Data , the premier source of U.S. and European leveraged finance market information. LCD's team of journalists and analysts works with market players to provide timely and insightful coverage of leveraged loans, corporate and high-yield bonds, distressed situations and bankruptcy. Comment?
Friday Nov 14 | via PRWeb
The first day of the company's annual event reveals focus on mobile technology, strategic marketing campaigns and search engine optimization benefitting Cruise Planners travel advisors Cruise Planners Executive Team is "In It To Win It" at the company's 2014 convention hosted in Atlantic City, N.J. , American Express Agency of the Year , Royal Caribbean International Home-Based Partner of the Year , Royal Caribbean International President's Award for Overall Achievement for 2012, Norwegian Cruise Line Franchise Agency of the Year and Home-Based Agency of the Year , Celebrity Cruises Home-Based Account of the Year and Southeast Region Travel Agent Partner of the Year , American Express Vacations Globe Award , Globus Family of Brands Premier Agency Partner , Platinum Circle Member with Viking River Cruises and Regent Seven Seas Cruises Top Producer. Comment?
Thursday Nov 13 | via NJ.com
ATLANTIC CITY - The state would take on an expanded oversight role in Atlantic City under a plan released Thursday by an advisory commission formed by Gov. Chris Christie. The report comes a day after Christie convened a summit in the troubled gaming resort town in an effort to "stop the bleeding" in the face of four successive casino closures. Comment?
Wednesday Nov 12 | via Post and Courier
As Kurt Vonnegut wrote in his comic novel "Cat's Cradle": "In this world, you get what you pay for." But in Atlantic City, N.J., recently, a restaurant patron got what he didn't expect when his bill told him how much he was supposed to pay for a bottle of wine. Comment?
Wednesday Nov 12 | via CBS Local
CBS 2 CBS 2 is part of CBS Television Stations, a division of CBS Corp. and one of the largest network-owned station groups in the country. Latest Videos Eye On New York Dining Deals Tony's Table Links [...] WFAN As the world's first 24-hour all-sports radio station, WFAN remains the premier sports talk radio station in the business. Comment?
Tuesday Nov 11 | via Erie Times News
Pizza Hut is letting customers play mad scientist, giving them the freedom to make pies with honey Sriracha sauce or add curry flavor to the crusts. The atypical flavors and new ingredients are part of a menu announced Monday that will hit stores next week. Comment?
Oct 22, 2014 | via 24-7 Press Release
Imagine cash back coupons, discounts, and promotions widely considered the best in the cashback online shopping industry and a network marketing business opportunity that is also available for entrepreneurs. "The people behind [the company] have created one of the first companies in the world that systematically use all the marketing tools that are available," - Villads Vest-Hansen ATLANTIC CITY, NJ, October 22, 2014 /24-7PressRelease/ -- A global shopping portal, has entered the online shopping cashback coupon industry with the launch of their own cashback toolbar and network marketing sharing program. Comment?
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