Article: Casino deal set to close.

Byline: Suzette Parmley

Nov. 1--The latest effort to develop a new casino in the $5 billion Atlantic City gambling market is expected to take another step forward today when an investor group closes on an $85 million deal to purchase 11 acres from the Atlantic City Hilton Casino Resort. Led by former Caesars Entertainment Inc. chief executive officer Wallace R. Barr and by a former head of the New Jersey Casino Reinvestment Development Authority, the group plans to build a small casino with a hotel and retail space on the site along the famed Boardwalk. "Everything is done on our end. We expect the transaction to close today," said a spokesman for Resorts ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!