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Monday, December 11, 2017
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U.S. Republican presidential candidate Donald Trump reacts as he is introduced during a campaign event in Concord, North Carolina March 7, 2016. REUTERS/Chris Keane

The Art Of The Inside Deal: How Regulators Rescued Trump

It was the beginning of Trump having to relinquish his stakes in a host of enterprises—and by 1991 the Trump Taj Mahal was in Chapter 11 bankruptcy, the first of what would become four business bankruptcies. He later sold stock in his casinos, where investors not only lost their shirts, but during the fourth bankruptcy case creditors successfully demanded that Trump get lost. These days Trump licenses his name for much of his revenue.

April 28, 2016
A FanDuel logo is displayed on a board inside of the DFS Players Conference in New York

Fantasy Sports Bet On The Legislature In Florida

Fantasy sports companies have spent more than $220,000 to recruit top Florida legislators on behalf of FanDuel, DraftKings and other daily fantasy leagues.

February 1, 2016
Donald Trump addresses CPAC 2015 (Michael Vadon via Flickr)

Candidate Trump: Will Media Scrutinize Casino King’s Gamy Connections?

The political press followed Wayne Barrett’s lead to expose the mob ties of Geraldine Ferraro in 1984. Will they do the same with Donald Trump now?

June 16, 2015

Casinos Just Aren’t The Answer

The video for the Bruce Springsteen song Atlantic City opens with a scene of the grand Marlborough-Blenheim Hotel imploding into a pile of dust. That was almost 40 years ago. The Traymore Hotel and other grand hotels were leveled in much the same spectacular fashion. In their place rose glass boxes and concrete hulks to house […]

September 9, 2014

In Atlantic City, Revel’s Casino Stutters To A Close

By Amy S. Rosenberg, The Philadelphia Inquirer ATLANTIC CITY, N.J. — In the end, the Revel ball did not roll off the tower into the ocean, and no buyer emerged in the middle of the night to save the day. Instead, Revel merely unraveled through the night to an anticlimactic pre-dawn closing of its moribund […]

September 2, 2014

Casino Closings Wipe $2B From Atlantic City Property-Tax Values

By Harold Brubaker, The Philadelphia Inquirer The closure of three Atlantic City casinos by mid-September will wipe $2 billion from the city’s property-tax values next year, exacerbating the already cash-strapped city’s financial plight, Mayor Don Guardian warned Tuesday. By 2017, property values are expected to have fallen to as little as $7.5 billion from $20 […]

August 26, 2014

New Rules Might Recognize More Tribes, Create New Casinos

By Rob Hotakainen, McClatchy Washington Bureau WASHINGTON — As a proud Chinook Indian, Gary Johnson rejects the claim that his tribe in southwestern Washington state is extinct, even though that’s what the Bureau of Indian Affairs declared more than 12 years ago. “They couldn’t be more wrong,” said Johnson, a former chairman of the tribe […]

August 15, 2014

If Four Atlantic City Casinos Close In September, Then What?

By Suzette Parmley, The Philadelphia Inquirer ATLANTIC CITY, N.J. — This resort town faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. The grim reality sank in July 14 when Trump Plaza issued layoff notices and targeted Sept. 16 as the date to cease operating as a casino. Perception is […]

July 23, 2014