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

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

Nj-new jersey’s troubled Atlantic Club has filed for bankruptcy protection and is now up for auction (Image source: dol.wa.gov)

It absolutely was quite a weekend that is dramatic Atlantic City.

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

Going Once, Going Twice

If you’re interested in buying a casino by having a complete lot of history (this 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 need put on a date that is as-yet-undetermined mid-December. a federal bankruptcy judge gave her blessings to the hotel-casino to remain running usually for now, underneath the umbrella of its Chapter 11 status.

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

‘It’s the beginning of the necessary process,’ said Atlantic Club CEO Michael Frawley. Judge Gloria Burns put her stamp that is green the purchase plan, with everybody’s goal being to go it righ Continue reading “Want a Casino? New Jersey’s Atlantic Club Is On The Auction Block”

Delta Corporation to Open First World-Class Casino Resort in India

Delta Corporation to Open First World-Class Casino Resort in India

Goa’s floating casinos in India are soon to obtain some new competition with a nearby land casino

1st Indian as in India world-class resort that is integrated set to start in 2014, a remarkable move in a country that officially does not enable gambling by legislation in most of its states. The gambling project goes up just from the continuing state of Goa, in Daman, which is near to Mumbai, which was formerly known as Bombay. Goa and Sikkim are truly the only two states in Asia that lawfully allow casinos; currently there are 12 in Goa, five of which are floating casinos on the Mandovi River, with all the other seven being land-based.

Delta Adds to Its Kingdom

Delta Corporation already is business in your community with three offshore drifting gambling enterprises within the exact same region is behind the operation, that may encompass a comparatively modest 60,000-square-foot casino and a 187-room hotel on just 10 acres of land. It is thought that nearby city Gujarat is going to be a major supply of business for the property that is new.

Delta’s chairman, Jaydev Modi, told reporters that the marketing focus will additionally be towards nearby Sikkim, which includes only one casino of its very own, and neighboring countries Nepal and Sri Lanka the latter a country which is itself in much debate over a new major casino project set to come in from Australian billionaire casino magnate James Packer.

B Continue reading “Delta Corporation to Open First World-Class Casino Resort in India”