The South Jersey Transportation Authority on Wednesday approved the $500,000 a year payment under the 15-year agreement, which takes effect on July 1.
Revel emerged from Chapter 11 bankruptcy protection last week. The move to allow smoking was part of the casino’s rebranding effort.
The lone bidder for the Madison House was not identified. But a representative for the buyer told The Press of Atlantic City that the new owner intends to resurrect the hotel.
The pre-planned Chapter 11 filing wiped out $1.2 billion of the casino’s $1.5 billion in debt, by giving lenders an 82 percent ownership stake.
The Do AC Boardwalk Wine Promenade is this weekend in Atlantic City, showcasing the best local wines around.
Casinos can partner with fantasy league operators to let them run the tournaments. The gaming halls can also take entry fees and pay out winnings at casino cages, according to the regulations.
The casinos took in $238.5 million last month. Of that total, nearly $173 million came from slot machines, down nearly 10 percent from March 2012, and $65.6 million came from table games, down nearly 13 percent from a year ago.
Allowing patrons to smoke is only one of several big changes the $2.4 billion resort is planning. Its bankruptcy filing read like a laundry list of mistakes and misfortunes that caused the much-heralded resort to struggle sine the day it opened last April.
Some of the Jersey Shore’s amusement piers and parks are springing back to life nearly five months after Superstorm Sandy.
The temporary adoption of the new rules will be effective on April 22, the Gaming Enforcement Division said Monday.
Peyton Manning’s touchdown passes, Adrian Peterson’s first downs and Darrelle Revis’ interceptions could combine to make someone rich this fall.
Figures released Monday by the state Division of Gaming Enforcement show the city’s 12 casinos took in $212.3 million.
The Liberty Academy Charter School in the Heights section of Jersey City is among three charter schools the state has ordered closed by year’s end.
In a decision released late Thursday, U.S. District Judge Michael Shipp in Trenton, N.J., issued a permanent injunction barring New Jersey from offering sports betting.
Earlier this month, the legislature approved a different online gambling bill that was vetoed by Christie who called for slight changes to the measure. The changes were adopted and the bill passed by large margins in the state Assembly and Senate on Tuesday.