The parent company of two internet gambling sites has agreed in principal to purchase a struggling Atlantic City casino.
Rational Group, US Holdings has filed an application to run the casino with the New Jersey gaming enforcement division.
Company COO, Michael Frawley, previously issued a statement saying: "The acquisition of The Atlantic Club Casino Hotel will secure up to 2,000 jobs and maintain the economic benefits the casino brings to New Jersey."
The company hopes to boost visits and revenue by holding poker tournaments in the casino.
Atlantic Club Casino Hotel has now filed notice to 1,729 employees that they may lose their jobs. The company says the layoff notice is a formality as part of the pending sale.
The troubled casino has going through a number of changes since it was built in 1980 as a Golden Nugget property.
New Jersey is considering allowing on-line gambling, a move that is facing resistance by federal regulators.
Wednesday, June 19 2013 6:13 PM EDT2013-06-19 22:13:15 GMT
More than 70 percent of New Jersey residents have seen or heard the state's "Stronger than the Storm" advertising campaign, according to a new Rutgers-Eagleton poll.
More than 70 percent of New Jersey residents have seen or heard the state's "Stronger than the Storm" advertising campaign, according to a new Rutgers-Eagleton poll.
Wednesday, June 19 2013 3:38 PM EDT2013-06-19 19:38:42 GMT
By MATT ALVAREZ NEW JERSEY (MYFOXNY) -- Nearly eight months later after Superstorm Sandy, many Jersey Shore families are still displaced from their homes. The storm destroyed Pam Vasquez's family home
By MATT ALVAREZ NEW JERSEY (MYFOXNY) -- Nearly eight months later after Superstorm Sandy, many Jersey Shore families are still displaced from their homes. The storm destroyed Pam Vasquez's family home
Wednesday, June 19 2013 1:46 PM EDT2013-06-19 17:46:33 GMT
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
June 19 is National Dine Out Day. Restaurants and vendors across the country are contributing a percentage of their revenues for the day to the NJ Relief Fund to benefit Superstorm Sandy victims.
Wednesday, June 19 2013 12:46 PM EDT2013-06-19 16:46:33 GMT
One bird may have been responsible for several hundred Hoboken residents losing power.
One bird may have been responsible for several hundred Hoboken residents losing power. A spokeswoman for Public Service Electric & Gas says the bird touched a transformer on Clinton Street near Columbus Park Wednesday morning.
Monday, June 17 2013 6:26 PM EDT2013-06-17 22:26:45 GMT
A man aboard a United Airlines flight bound for Newark Liberty International Airport claimed his fellow passengers on the plane had been poisoned and was screaming about going to die.
A man aboard a United Airlines flight bound for Newark Liberty International Airport claimed his fellow passengers on the plane had been poisoned and was screaming about going to die.
Photo courtesy Atlantic Club Casino
