What used to be called the Atlantic City Hilton has laid off 150 employees this week after the owners of the casino received a one year extension to stay open and pay off its debt.
Senator Raymond Lesniak is stripping online and mobile gambling out of a bill that will legalize sports betting in New Jersey. The move is being made to help the chances Governor Chris Christie signs the legislation.
It has been over three years since Atlantic City casinos experienced a gain in revenue over the same period the year before. That trend continued in October when revenue fell almost eight percent.
Atlantic City regulators have given their approval to a new set of rules that will allow casinos to place gambling tables and slots in areas of their resorts that had previously been reserved for entertainment.
Sports books will not be open in Atlantic City for the Super Bowl this year, but after lawmakers approved a bill Monday legalizing the activity, sports betting could be in place by next football season.
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