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Trump Taj Mahal Casino Resort
The Hard Rock Hotel & Casino Atlantic City (formerly Trump Taj Mahal) is a casino and hotel on the Boardwalk, owned by Hard Rock International, in Atlantic City, New Jersey. The casino, originally known as the ''Trump Taj Mahal,'' was inaugurated by its then-owner Donald Trump in 1990, and was built at a total cost of nearly US$1 billion. Original restaurants at the Taj Mahal included Hard Rock Cafe, Sultan's Feast, Dynasty, Il Mulino New York, Moon at Dynasty, and Robert's Steakhouse. It was also the home of Scores, the country's first in-casino strip club. The Taj Mahal came to the brink of closure in 2014 as its parent company went through bankruptcy, but ultimately remained open under the new ownership of Icahn Enterprises. In 2015, the Taj Mahal admitted to having "willfully violated" anti-money-laundering regulations for years and was fined $10 million. It was the highest penalty ever levied by the U.S. federal government against a casino. On August 3, 2016, it was annou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic City, New Jersey
Atlantic City, often known by its initials A.C., is a coastal resort city in Atlantic County, New Jersey, United States. The city is known for its casinos, boardwalk, and beaches. In 2020, the city had a population of 38,497.QuickFacts Atlantic City city, New Jersey . Accessed November 9, 2022. It was incorporated on May 1, 1854, from portions of and [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Philadelphia Inquirer
''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pennsylvania, South Jersey, Delaware, and the northern Eastern Shore of Maryland, and the 17th largest in the United States as of 2017. Founded on June 1, 1829 as ''The Pennsylvania Inquirer'', the newspaper is the third longest continuously operating daily newspaper in the nation. It has won 20 Pulitzer Prizes . ''The Inquirer'' first became a major newspaper during the American Civil War. The paper's circulation dropped after the Civil War's conclusion but then rose again by the end of the 19th century. Originally supportive of the Democratic Party, ''The Inquirers political orientation eventually shifted toward the Whig Party and then the Republican Party before officially becoming politically independent in the middle of the 20th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Borgata
Borgata Hotel Casino & Spa is a hotel, casino, and spa in Atlantic City, New Jersey. It is owned by Vici Properties and operated by MGM Resorts International. The casino hotel features 2,798 rooms and is the largest hotel in New Jersey. Borgata opened in July 2003 and is the top-grossing casino in Atlantic City. History Borgata was part of a major project in Atlantic City nicknamed "The Tunnel Project", started around 1999. When Steve Wynn planned the Le Jardin in Atlantic City, he wanted to connect a $330 million tunnel from the Atlantic City Expressway to the new resort, later named the Atlantic City-Brigantine Connector, which would funnel incoming traffic off the Atlantic City Expressway into the city's marina district. This caused major controversy, as it would cut through a residential neighborhood; competitor Donald Trump sued Wynn for it saying that it was a "driveway" to Wynn's casino. The Tunnel Project did progress, even after Le Jardin was cancelled, and finally op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Mafia
Russian organized crime or Russian mafia (, ), otherwise known as Bratva (), is a collective of various organized crime elements originating in the former Soviet Union. The initialism OPG is Organized Criminal (''prestupnaya'' in Russian) Group, used to refer to any of the Russian mafia groups, sometimes modified with a specific name, e.g. Orekhovskaya OPG. Sometimes the initialism is translated and OCG is used. Organized crime in Russia began in the Russian Empire, but it was not until the Soviet era that '' vory v zakone'' ("thieves-in-law") emerged as leaders of prison groups in forced labor camps, and their honor code became more defined. With the end of World War II, the death of Joseph Stalin, and the fall of the Soviet Union, more gangs emerged in a flourishing black market, exploiting the unstable governments of the former Republics. Louis Freeh, former director of the FBI, said that the Russian mafia posed the greatest threat to U.S. national security in the mid- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trump Hotels & Casino Resorts
Trump Entertainment Resorts, Inc. was a gambling and hospitality company. The company previously owned and operated the now-demolished Trump Plaza and Trump World's Fair (both in Atlantic City), the now-closed Trump Marina, Trump Casino & Hotel in Gary, Indiana, Trump 29 in Coachella, California, and Trump Taj Mahal in Atlantic City. It was founded in 1995 as Trump Hotels & Casino Resorts by Donald Trump, who after 2004 held only a minority ownership. The company filed for bankruptcy in 2004, 2009 and 2014. It became a subsidiary of Icahn Enterprises in 2016. Since then, all of the company's properties have been closed and sold. History The beginning Donald Trump began purchasing properties along the Atlantic City boardwalk in the early 1980s and received a casino license from the New Jersey Casino Control Commission (CCC) on March 15, 1982. He had planned to build his own casino on the boardwalk, but was stalled on the project when Mike Rose, then CEO of Holiday Inn and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prepackaged Bankruptcy
Pre-packaged insolvency (a "pre-pack") is a kind of bankruptcy procedure, where a restructure plan is agreed in advance of a company declaring its insolvency. In the United States pre-packs are often used in a Chapter 11 filing. In the United Kingdom, pre-packs have become popular since the Enterprise Act 2002, which has made administration the dominant insolvency procedure. Such arrangements are also available in Canada under the Companies' Creditors Arrangements Act. United Kingdom The term "pre-pack sale" has been defined by the Association of Business Recovery Professionals as "an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchaser prior to the appointment of an administrator, and the administrator effects the sale immediately on, or shortly after, his appointment".http://www.r3.org.uk/media/documents/technical_library/SIPS/SIP%2016%20E&W.pdf The difference between a pre-pack sale and a normal sale is that in a no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riviera (hotel And Casino)
Riviera (colloquially, "the Riv") was a hotel and casino on the Las Vegas Strip in Winchester, Nevada, which operated from April 1955 to May 2015. It was last owned by the Las Vegas Convention and Visitors Authority, which decided to demolish it to make way for the Las Vegas Global Business District. The hotel had more than 2,100 rooms, fewer than half of which were located in a 23-story tower. The casino had of gaming space. History Development and founding The casino was first proposed by Detroit mobster William Bischoff as the Casa Blanca, and received a gaming license in 1952. Bischoff later withdrew from the project, which was taken over by Miami businessman Samuel Cohen. By March 1955, Cohen, identified as a member of Miami's S & G gambling syndicate, was no longer part of the investment group, though rumors persisted that he secretly maintained an involvement. Marx Brothers Harpo and Gummo held minority interests at the opening. The Riviera opened on April 20, 1955, as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Junk Bonds
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic of 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the ''Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company, rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merv Griffin
Mervyn Edward Griffin Jr. (July 6, 1925 – August 12, 2007) was an American television show host and media mogul. He began his career as a radio and big band singer, later appearing in film and on Broadway. From 1965 to 1986 he hosted his own talk show, ''The Merv Griffin Show''. He also created the game shows ''Jeopardy!'' and ''Wheel of Fortune'' through his production companies, Merv Griffin Enterprises and Merv Griffin Entertainment. Early life Griffin was born July 6, 1925, in San Mateo, California, to Mervyn Edward Griffin Sr., a stockbroker, and Rita Elizabeth Griffin (née Robinson), a homemaker. He had an older sister, Barbara. When he was a child, Griffin used to play Hangman games with his sister during family road trips. It was these games which inspired him to create the game show ''Wheel of Fortune'' in 1975. The family was Irish American. Raised as a Catholic, Griffin started singing in his church choir as a boy, and by his teens was earning extra money as a churc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tender Offer
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal. To induce the shareholders of the target company to sell, the acquirer's offer price is usually at a premium over the current market price of the target company's shares. For example, if a target corporation's stock were trading at $10 per share, an acquirer might offer $11.50 per share to shareholders on the condition that 51% of shareholders agree. Cash or securities may be offered to the target company's shareholders, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
