NJ Concerned Over Atlantic City Hilton Stability
From Forbes
NJ Concerned Over Atlantic City Hilton Stability
The long decline of ACH, the casino formerly known as the Atlantic City Hilton Casino Resort, may be entering its final stages.
New Jersey casino regulators say they're concerned about the financial stability of ACH, a development that could ultimately lead to hearings on whether the casino's license should be revoked.
But regulators are moving cautiously, wary of putting too much pressure on the struggling casino that could persuade its owners, Los Angeles-based hedge fund Colony Capital LLC, to simply close it and throw more than 2,000 employees out of work. Click here for the full story.
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