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More Bad News for 3 Struggling NJ Casinos - ABC News

Wednesday, 17 November 2010 14:50 administrator
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There's more bad news for Atlantic City's three most endangered casinos.

Financial figures for 2010's third quarter

show big losses for the Atlantic City Hilton Casino Resort and Resorts Atlantic City.

The Hilton is trying to restructure its debt and hasn't made a loan payment in nearly a year and a half. Resorts is trying to hold on for three more weeks until new owners take over.

The numbers released Wednesday by the New Jersey Casino Control Commission also show gross operating profits at Trump Marina Hotel Casino fell by more than 96 percent, to just $247,000.

The lone ray of sunshine in the report was a continuing rise in non-gambling revenues. They were up 9.8 percent for the first nine months of the year.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFoKdM-2frtGjXwqoeu1Fn0doqjjw&url=http://abcnews.go.com/Business/wireStory?id=12174168

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