Associated Press
Atlantic City Hilton Drops Sale Bid, Will Stay Open
The owners of ACH, the casino formerly known as the Atlantic City Hilton, have reached a deal to avoid foreclosure on the struggling gambling hall, and agreed to pump $15 million into it to keep it afloat.
The New Jersey Division of Gaming Enforcement confirmed Thursday that the deal will let lenders foreclose on two casinos in Mississippi that are owned by ACH’s parent company, the Los Angeles h
South Jersey Food Bank Faces Financial Shortfall
The Food Bank of South Jersey says it’s facing a financial shortfall as it serves more people and sees less federal money. Food bank CEO Val Traore says $265,000 shortfall could reach $300,000 by the end of the year.
The food bank is hoping the Delaware River Port Authority will make good on its 2009 pledge for $2 million for it and two other food banks...
Atlantic City Seeks Loan To Settle Tax Appeals
Atlantic City wants to borrow $38.5 million to repay those who successfully challenged their property taxes.