NJTV
NJTV News
Watch

Business & Economy

New Jersey OKs Trump Plaza shutdown Sept. 16

9-2-14
ATLANTIC CITY, N.J. (AP) — New Jersey casino regulators have given final approval to Trump Plaza's plan to shut down in two weeks. The state Division of Gaming Enforcement issued a closing notice Tuesday to Trump Plaza, which will cease operations ...

$2.4B Revel casino shuts down after just 2 years

9-2-14
ATLANTIC CITY, N.J. (AP) — Revel Casino Hotel closed its doors Tuesday morning, a little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market. The 5:25 a.m. casino shutdown followed the ...
140901Hill

No One Wins as Revel Folds

9-1-14
Revel's hotel has closed and bystanders watch as the Revel sign was removed.
140901Johnson

Author Says Atlantic City Has Always Served As A Resort

9-1-14
Boardwalk Empire: The Birth, High Times, and the Corruption of Atlantic City author Nelson Johnson says that Atlantic City has had a purpose and that it has always served as a resort.

Sandy-hit towns wrestle with eminent-domain choice

9-1-14
ASHAROKEN, N.Y. (AP) — The Long Island village of Asharoken (ASH'-uh-roh-kehn) faces a dilemma as it seeks to protect itself from erosion and other problems in the wake of Superstorm Sandy. It can accept federal aid to build a dune and create ...

Revel Casino Hotel starts closing in Atlantic City

9-1-14
ATLANTIC CITY, N.J. (AP) — Atlantic City's newest casino and its costliest failure has begun its two-day shutdown. The $2.4 billion Revel Casino resort closed its hotel at 11 a.m. Monday. The casino will close at 6 a.m. Tuesday. Revel is one of ...

Showboat closes after 27 years in Atlantic City

8-31-14
ATLANTIC CITY, N.J. (AP) — The show is over for the Showboat Casino Hotel in Atlantic City, New Jersey. The Mardi Gras-themed casino shut down at 4 p.m. Sunday after 27 years on the Boardwalk. Owner Caesars Entertainment closed the still-profitable ...

AAA Mid-Atlantic: NJ gas prices still falling

8-30-14
TRENTON, N.J. (AP) — Motorists continue to see lower prices at the pumps in New Jersey. AAA Mid-Atlantic says the average price of a gallon of regular gasoline in the state on Friday was $3.25, down 2 cents from last week. That's also lower than ...

A history of casino revenue, jobs in Atlantic City

8-30-14
Here is a look at how gambling revenue and employment have changed since casinos launched in Atlantic City in 1978: ___ May 26, 1978: Resorts Atlantic City opens. Casino revenue: $134 million Casino employment: 3,300 ___ June 26, 1979: Caesars ...

Here’s what happens when a casino closes down

8-30-14
ATLANTIC CITY, N.J. (AP) — When a casino shuts down, making an announcement over the loudspeaker and herding gamblers off the casino floor is only the beginning. Here's a look at what takes place behind the scenes: — Secure the money and the ...