http://www.atlanticcitytripping.com/cityboom/ Atlantic City Casino Tourism Blog en-us Wed, 27 Oct 2010 14:57:02 -0700 Wed, 27 Oct 2010 14:56:59 -0700 http://www.atlanticcitytripping.com/cityboom/post.php?p=80&src=rss http://www.atlanticcitytripping.com/cityboom/post.php?p=80&src=rss Incoming Trump Entertainment Resorts CEO Robert Griffin told New Jersey Regulators that Trump Marina is still for sale and that under his leadership the company is looking to expand to diversify its holdings beyond the confines of Atlantic City. We believe there are a lot of distressed assets out there beyond Atlantic City. Atlantic City is the core of the company, but for any one company to put all its eggs in one basket is dangerous. Finally, a Trump hires a... Mon, 25 Oct 2010 16:16:30 -0700 http://www.atlanticcitytripping.com/cityboom/post.php?p=79&src=rss http://www.atlanticcitytripping.com/cityboom/post.php?p=79&src=rss Boyd Gaming, holder of the non MGM 50% of Borgata bid on by Leonard Green and Associates has decided to pass on their first refusal option. RateVegas.com offers response we are in complete agreement with. But why? $250M is chicken feed when looking at the cash Borgata is going to throw off over the long term... unless Boyd can't afford to look at the long term. ... Tue, 19 Oct 2010 15:25:41 -0700 http://www.atlanticcitytripping.com/cityboom/post.php?p=78&src=rss http://www.atlanticcitytripping.com/cityboom/post.php?p=78&src=rss Bloomberg is reporting that Leonard Green & Partners, L.P. a Los Angeles Based private equity firm that manages $9B in equity capital are the mystery bidder for MGM Resorts International's 50% of Borgata. Leonard Green & Partners current investments include The Container Store, Del Taco, Equinox, Meiman Marcus, Petco, RiteAid, Sports Authority, Tourneau and Whole (Paycheck) Foods. Boyd Gaming, owner of the other 50% of Borgata has the right of first refusal for any offers. We fully expect Boyd to... Tue, 12 Oct 2010 14:49:50 -0700 http://www.atlanticcitytripping.com/cityboom/post.php?p=77&src=rss http://www.atlanticcitytripping.com/cityboom/post.php?p=77&src=rss MGM Resorts International released preliminary third quarter results today, which contains some tidbits about their planned sale of Borgata. The Company recently received an offer for its 50% economic interest in the Borgata Hotel Casino & Spa ("Borgata") based on an enterprise value of $1.35 billion for the entire asset. The Company's Board of Directors has authorized submission of this offer to Boyd Gaming Corporation, which owns the other 50% interest, in accordance with the right of first refusal provisions included... Wed, 22 Sep 2010 14:47:41 -0700 http://www.atlanticcitytripping.com/cityboom/post.php?p=76&src=rss http://www.atlanticcitytripping.com/cityboom/post.php?p=76&src=rss With Colony Capital swimming - make that drowning - in debt and unable to keep their AC operations afloat, the company's properties are being picked off from lien holders by whomever wants them. Just three weeks ago, AC casino veteran Dennis Gomes bought Resorts International with the promise "we are going to bring it back to life." Now, in a perfectly fitting move, Landry's Restaurants, owners of the Golden Nugget Las Vegas and Laughlin have expressed interest in purchasing the AC Hilton...