#The Press of Atlantic City

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New Jersey No Longer Cashing In Playboy Casino Chips

Gamblers looking to cash in a casino chip from the former Playboy Casino are now officially out of luck. The New Jersey Casino Control Commission has closed an $875000 account meant to cash in chips from the former Atlantic City casino. The move brings an end to a unique situation that began with the property's opening in the early 1980s - almost.…
Finance
New Jersey No Longer Cashing In Playboy Casino Chips
The Press Of Atlantic City

Gov. Murphy says casinos to pay 'fair share' as state appeals court rulings in 2 PILOT lawsuits

Gov. Phil Murphy said this month the state will make certain that the Atlantic City casinos "pay their fair share" in taxes - making the comment as his administration continues its court fight to uphold a 2021 law that cut the industry's local tax burden by millions. The changes to the casinos' payment-in-lieu-of-property tax system resulted in the…
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New Jersey Judge Grants 90-Day Stay of Casino Tax Break

A judge has granted New Jersey a stay of his own decision to nix a property tax break for local casinos. saving them an estimated $55 million annually The case involves a rule called payment in lieu of taxes (PILOT), which determines how much money casinos pay to the government. The court will decide if it was right in overturning a change that…
Finance
New Jersey Judge Grants 90-Day Stay of Casino Tax Break
New Jersey Online Gambling

Judge Temporarily Halts His Order Denying AC Casino Tax Break

A judge on Friday granted the state of New Jersey's request for a temporary stay of his Aug. 29 ruling that found a lucrative annual tax break for Atlantic City's nine casinos unconstitutional. But Atlantic County Superior Court Judge Michael Blee limited the stay to a maximum of 90 days, contingent upon a higher court agreeing to hear the case in…
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Judge Grants 90-Day Stay on Ruling Discarding Atlantic City Casinos Tax Break

Judge Michael Blee of the New Jersey Superior Court has granted the requested stay on the court decision to throw away a major tax break for Atlantic City casinos introduced by an amendment to the PILOT tax program in 2021 The Press of Atlantic City reported that judge Michael Blee has ruled for a stay of 90 days on his court decision that the law…
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The Press Of Atlantic City

Judge to rule this week on stay of decision striking casino PILOT amendments

ATLANTIC CITY - A judge will rule by Friday on the state's request for a stay of his August decision striking down changes to a law that would give the city's casinos millions of dollars in tax breaks. Atlantic County Superior Court Judge Michael Blee heard arguments Wednesday morning on the request for a stay until an appeal can be heard. On…
Politics
Judge to rule this week on stay of decision striking casino PILOT amendments
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New Jersey court kills state law giving millions in tax breaks to Atlantic City casinos calling it unconstitutional

A Superior Court judge in New Jersey killed Monday a state law that granted Atlantic City's casinos tens of millions of dollars in tax breaks, saying the measure "was passed on dubious grounds" and that it "violated the state Constitution." Governor Phil Murphy and the state's legislative leaders took a hit through this ruling, after having…
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New Jersey court kills state law giving millions in tax breaks to Atlantic City casinos calling it unconstitutional
ProPublica

Court Strikes Down Tax Breaks for Atlantic City Casinos

This article was produced for ProPublica's Local Reporting Network in partnership with The Press of Atlantic City. to get stories like this one as soon as they are published. A Superior Court judge in New Jersey has struck down a state law granting Atlantic City's casinos tens of millions of dollars in tax breaks, saying that the measure was passed…
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Court Strikes Down Tax Breaks for Atlantic City Casinos
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Smoke on the water: Can it solve N.J. casino issue ?

Let's be clear about this: New Jersey lawmakers should ban smoking on casino floors, for the health of their employees and customers. But, it appears that Legislature is in no mood to call the bluff of Atlantic City gaming hall operators. Our representatives in Trenton seem to accept without question the Casino Association's claim that revenue and…
Politics
Smoke on the water: Can it solve N.J. casino issue ?
World Casino News

Potential July strike for Atlantic City casino workers

In Atlantic City and the membership of the Local 54 branch of the Unite Here trade union has reportedly voted in favor of authorizing a full-blown strike against the city's collection of nine casinos amid a row over pay. According to a report from the Associated Press news service published by The Press of Atlantic City newspaper, some 96% of those…
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Potential July strike for Atlantic City casino workers
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New Jersey Online Gambling

New Jersey Casino Tax Law Has Major Flaw, Judge Rules

The state legislature's attempt to rewrite the terms of a consent order reached with Atlantic County in 2018 regarding payments by Atlantic City's nine casinos may be upended, a Superior Court judge ruled on Friday. While the judge, Joseph Marczyk, declined to overturn a bill signed into law by Gov. Phil Murphy in late December, Marcyzk added that…
Finance
New Jersey Casino Tax Law Has Major Flaw, Judge Rules
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Murphy approves controversial tax breaks for Atlantic City casinos

Gov. Phil Murphy on Tuesday gave final approval to a controversial plan to boost tax breaks for Atlantic City's casinos during the coronavirus pandemic - which proponents say is necessary to stave off job losses and even casinos closures but opponents warn is a giveaway that will hurt taxpayers. Murphy signed the bill (S4007) into law one day after…
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Murphy approves controversial tax breaks for Atlantic City casinos
New Jersey Online Gambling

Atlantic City Casinos Make Headway Toward Tax Break In Trenton

In an occasionally bizarre 11-hour "last chance in 2021" voting session in the New Jersey Assembly Monday, Atlantic City casino owners reached the verge of a tax break estimated at more than $50 million in a bill sent to Gov. Phil Murphy for his signature. State racetrack operators, meanwhile, moved one step closer to winning restoration of a full…
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Atlantic City Casinos Make Headway Toward Tax Break In Trenton
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Bill Could Save Four Atlantic City Casinos From Shuttering

New Jersey Senate President Dave Sweeney's tax cut bill has passed a committee, giving hope to four casinos he deems at risk of closure. [Image: Shutterstock.com] A bill seeking to provide a substantial tax cut to Atlantic City gaming establishments has passed the New Jersey Senate budget committee, giving hope to four of the state's casinos…
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Bill Could Save Four Atlantic City Casinos From Shuttering
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Hard Rock Atlantic City appoints Ray Stefanelli as Vice President of Online Gaming

ard Rock confirmed Monday that Ray Stefanelli, former Borgata executive, will serve as Hard Rock Hotel & Casino Atlantic City Vice President of Online Gaming. Stefanelli will direct online casino and sports marketing strategies, customer service, risk and payments. According to his LinkedIn biography, the newly appointed Hard Rock Hotel & Casino…
Industry
New Jersey Online Gambling

NJ Not Yet Following PA's Lead On Ending Casino Smoking Ban

Smokers are now free to light up in Pennsylvania casinos, but they will have no such luck - at least for now - if they cross the state line to visit Atlantic City properties. With the Pennsylvania Gaming Control Board having just ended the ban, Gov. Phil Murphy was asked at his press conference on Monday if there was any word on New Jersey soon…
Politics
NJ Not Yet Following PA's Lead On Ending Casino Smoking Ban
Philly News

New Jersey man's $5 bet wins him $1.1 million jackpot at Tropicana Atlantic City

A $5 wager placed during a progressive poker game at Tropicana Atlantic City last weekend turned into a $1.1 million jackpot for a Monmouth County man. Frank Nagy, a regular gambler at the casino, won the largest jackpot on a progressive poker game in the history of Caesars Entertainment, the owner of the Tropicana. MORE NEWS According to the Press…
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New Jersey man's $5 bet wins him $1.1 million jackpot at Tropicana Atlantic City