Lawyers for Atlantic City and the bankrupt Revel Casino Hotel are battling over as much as $30 million that Revel owes for property taxes and penalties.
The casino said in a court filing Wednesday that Glenn Straub has made the cash bid and it hopes to have an auction for the property on Sept. 24.
The Trump Taj Mahal is poised to be the latest casino to file for bankruptcy and go out of business in Atlantic City, sources said Friday.
Hundreds of newly laid-off casino workers began filing for unemployment Wednesday morning, the first attendees at an assistance center that expects to process 5,000 workers over the next three days.
Atlantic City’s newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort’s gambling market.
NEW YORK (CBSNewYork/AP) – New York City Opera said the company will file for bankruptcy protection and wind down operations after failing to raise enough money to stage the rest of its season. “It’s very […]
The New York City Opera could be going silent after this weekend if it does not collect a total of $7 million.
The 70-year-old company says it plans to file for bankruptcy and scrap the bulk of its 2013-14 season unless it somehow manages to reach its $7 million fundraising goal by Monday.
Interfaith’s restructuring plan to pull it out of Chapter 11 bankruptcy was rejected by the state Department of Health.
Employees of the Bedford-Stuyvesant medical center who were given pink slips on Wednesday were out protesting in front of the hospital on Thursday.
The couple submitted fraudulent mortgage and other loan applications from 2001 through 2008, a year before their show debuted on Bravo, making phony claims about their employment status and salaries, the indictment said.
Documents in the Archdiocese of Milwaukee’s bankruptcy case show the Vatican gave then Milwaukee Archbishop Timothy Dolan permission to move money into a trust as the archdiocese began to move toward bankruptcy.
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.
Timothy Cardinal Dolan said Wednesday that he welcomes the upcoming release of documents related to sexual abuse lawsuits filed against the Archdiocese of Milwaukee, where he previously served.
Warwick lists liabilities that include nearly $7 million owed to the IRS for the years from 1991 to 1999 and more than $3 million in business taxes owed to the state of California.