Could Atlantic City’s Boardwalk Also Catch Fire? It’s Numerous Times

Could Atlantic City’s Boardwalk Also Catch Fire? It’s Numerous Times

This Atlantic City Boardwalk fire from November 2009 is just one of many that have actually plagued the tourist attraction over the years.

With casino revenues already largely in the toilet for the majority of Atlantic City’s land casinos, and the gambling town nevertheless dealing with last year’s devastation caused by Hurricane Sandy which shut down many of https://wizardofozslot.org/crazy-vegas/ the town’s casinos for days the past thing this nj town needed had been any proximity at all to just one more tragedy. Along with last week’s horrific Boardwalk fire in the Seaside Heights area perhaps not directly connected to AC, but along the same 217-mile stretch of Atlantic shoreline that is frequented by most same tourists and locals one can’t help but wonder if Atlantic City may also need an exorcist or to put blood on its casino walls for a passover regarding the evidently ongoing plagues which are being doled out of on high.

Or perhaps, wooden boardwalks while charming whenever built 150 years ago are simply just not really a safe building material into the modern world. Fire professionals are, in reality, now saying the fire that is destructive to own been an episode of arson, although the motivation is unclear.

More Damage after Sandy

New Jersey’s Governor Chris Christie, upon visiting the fire scene that destroyed many boardwalk structures, referred to it being an ‘unthinkable situation’. It took significantly more than 400 firContinue reading

Could Atlantic City’s Boardwalk Also Catch Fire? It Has Numerous Times

Could Atlantic City’s Boardwalk Also Catch Fire? It Has Numerous Times

This Atlantic City Boardwalk fire from 2009 is just one of many that have plagued the tourist attraction over the years november.

The last thing this New Jersey town needed was any proximity at all to yet another disaster with casino revenues already largely in the toilet for the majority of Atlantic City’s land casinos, and the gambling town still recovering from last year’s devastation caused by Hurricane Sandy which shut down many of the city’s casinos for days. Along with final week’s horrific Boardwalk fire in the Seaside Heights area maybe not directly linked to AC, but along the same 217-mile stretch of Atlantic shoreline that is frequented by most same tourists and locals one can’t help but wonder if Atlantic City may also need an exorcist or to put bloodstream on its casino walls for a passover of this apparently ongoing plagues which are being doled out of on high.

Or maybe, wooden boardwalks while charming whenever built 150 years ago are simply not really a safe building material in the contemporary world. Fire experts are, in fact, now saying the fire that is destructive to have been an episode of arson, though the inspiration is unclear.

More Damage after Sandy

New Jersey’s Governor Chris Christie, upon visiting the fire scene that destroyed boardwalk that is many, referred to it as an play 5 dragons slot machine ‘unthinkable situation’. It took more than 400 firefighters and 35 engine businesses to extinguiContinue reading

Caesars Faces Billions in Claims, Research Finds Evidence of Private Equity Asset-Stripping

Caesars Faces Billions in Claims, Research Finds Evidence of Private Equity Asset-Stripping

A examiner that is court-appointed report, ironically published regarding the Ides of March, discovered evidence of asset-stripping in Caesars bankruptcy reorganization.

Caesars could face billions of dollars in potential damages in relation to its bankruptcy restructuring, in line with the tips of the court-ordered examiners’ report, published Tuesday.

The business is looking for chapter 11 bankruptcy because of its chief operating unit, CEOC, so as to reorganize $18 billion of its debt, but is facing opposition from the junior creditors.

Ex-Watergate prosecutor Richard Davis led a team of lawyers which invested an investigating the casino giant’s corporate dealings year.

Their aim: to determine whether, as alleged, the business fraudulently transferred many of CEOC’s prime assets to Caesars Entertainment and other subsidiaries for the advantage of its controlling equity that is private, while placing them out of the reach of this junior creditors.

This form of asset-stripping left CEOC with absolutely nothing but distressed assets and an inability to pay its debts, argues a group of creditors led by the Appaloosa Management hedge fund, which can be suing Caesars.

CEOC Possibly Insolvent as Early as 2008

The investigation team poured over 80 million pages of documents to produce its 80-page report. But ultimately it all boiled down to one word.

‘ The simple answer to this question Continue reading