Only In Atlantic City: Anthrax Bourbon

anthrax-bourbon-indians-atlantic-city

If you happen to have a member of the family who likes both bourbon and the metal band Anthrax, we’ve got the gift idea for you: Anthrax bourbon. The band is now selling Anthrax Indian’s Bourbon and only at the Atlantic City Bottle Company in Atlantic City, New Jersey. Read more »

Union: Icahn Backs Out of Deal to Save Trump Taj Mahal

Last night, it seemed the Trump Taj Mahal had been saved with a last-minute deal. Carl Icahn, the lender for most of the Taj’s debt, agreed to a deal with the union to keep the casino running. Trump Entertainment Resorts CEO Robert Griffin signed off on the deal as well.

Well, not anymore. Local 54 Unite HERE said today Carl Icahn has backed out of the deal. The union released a statement:

We thought that we had come to an agreement with all parties that would resolve all of the issues with the Taj Mahal. We signed it, and the Trump CEO signed as well. At noon today, we were told that Carl Icahn had gone back on his commitment and would not enter into the agreement. This is what we have been dealing with for some time now at this property. We are disappointed that Mr. Icahn’s whims are going to add to the feelings of uncertainty and instability that the workers have had to live with and have to endure during this holiday season and beyond.

Read more »

UPDATE: Trump Taj Owner Asks Icahn to Stay Open

Update, 2:40 p.m.: The Trump Taj Mahal’s CEO is asking primary lender Carl Icahn to keep the casino open until a court fight with the union ends.

Icahn has not yet responded to the plea. If he agrees, the casino would remain open well into 2015. Local 54 Unite HERE is currently appealing a court decision that canceled the workers’ pensions and healthcare plans.

Earlier: The union for workers at the Trump Taj Mahal ignored a deadline from the casino to drop its appeal of a court order canceling health insurance and a pension plan for workers.

Both sides remained mum on the deal. The casino is slated to close Saturday morning at 6 a.m., the fifth casino to close in Atlantic City in 2014.

“Every day fewer and fewer people patronize the Taj, and we lose more and more of what little money we have left,” Trump Entertainment Resorts CEO Bob Griffin wrote on December 11th. “We just cannot wait any longer.” Nearly 3,000 people work at the Taj.

Read more »

Revel Sale to Brookfield Officially Axed; Will Backup Bidder Buy?

Photo | Dan McQuade

Photo | Dan McQuade

Everything is lining up for a “university for geniuses” to go into the former Revel casino in Atlantic City. Well, maybe.

A judge approved the termination of the sale of Revel to Brookfield Asset Management this morning, paving the way for Florida developer Glenn Straub to purchase the property with his backup bid of $95 million. Brookfield had bid $110 million.

Read more »

Atlantic City Mayor Backs Bill to Save Taj

Shuttestock.com

Shuttestock.com

A New Jersey Senate committee on Monday gave approval to a bill that gives tax breaks to Atlantic City casinos, a last-ditch effort to save the Taj Mahal Casino from joining the ranks of gaming operations that have shut down in that city this year.

The bill has the support of Atlantic City Mayor Don Guardian, who testified in its favor on Monday. “I do believe this legislation is going to save the Taj from closing,” he said.
Read more »

Where We’re Eating: Martorano’s

martoranos-940
new
In a region overrun with Italian restaurants, this trendy goombah-and-gravy joint from Philly expat and Florida/Vegas restaurateur Steve Martorano is one of the best and most fun, even if it is majorly gimmicky. You won’t find anything here that needs explanation. The Famous Meatball & Salad is exactly what it sounds like. There’s chicken cutlet parmigiana, spaghetti pescatore and Sunday gravy. It’s like dinner at your grandma’s, only with tight-dressed hostesses, Italian gangster movies on the flat-screens, a maître d’ who’ll jokingly tell you you’ll be sleeping with the fishes if you don’t watch it, and a bumping, liquor-fueled dance party that erupts late in the evenings and on weekends. So, actually, not really like dinner at Grandma’s at all, unless we had very different grandmas.

Details »

Bill Would Provide Tax Break for A.C. Casinos

Photo courtesy  Wikimedia Commons.

Photo courtesy Wikimedia Commons.

We started the news day telling you it appeared the Taj Mahal Casino was about the kick the bucket. We head into the late afternoon, however, with news of a possible reprieve.

New Jersey State Senate President Steve Sweeney and Sen. James Whelan have proposed a plan to let Atlantic City’s surviving casinos pay $150 million to the state in lieu of taxes for two years; it would redirect a tax now used to support new developments to help Atlantic City pay off its debt.

AP reports:
Read more »

« Older Posts