\ Five of Atlantic City’s eight casinos are in fear of operational havoc if union Unite-HERE ‘Local 54’ forces a worker strike on 1 July. Representing a workforce of 10,000 members, the union is seeking employee benefits and compensation by Caesars Entertainment casinos Bally’s, Caesars and Harrahs and the Carl Icahn gambling enterprises of the Taj Mahal and The Tropicana. …
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Judge to decide whether Trump Entertainment enters Chapter 7 Bankruptcy
US Bankruptcy Judge Kevin Gross of Delaware, has ordered Trump Entertainment Resorts to “show cause as to why the court should not convert its case for bankruptcy”. The Judge has scheduled a court hearing for 4 December, which will assess whether Trump Entertainment Resorts files for formal liquidation under Chapter 7 of the US bankruptcy code. Under Chapter 7 of …
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