Saturday, January 15, 2011

Previous owners of Resorts Casino Hotel were planning to shut down before sale

ATLANTIC CITY — The former owner of Resorts Casino Hotel was secretly preparing to close down the troubled gaming hall just days before new buyers took control in December, newly filed court documents show.
Resorts International Hotel Inc. filed a confidential petition with the New Jersey Casino Control Commission “to discontinue all gaming, lodging, public food and beverage, entertainment and other guest operations” at 6 a.m. Dec. 2.
The petition was sealed and never made public. It was quietly withdrawn by Resorts International on Dec. 1, the day the commission approved the $31.5 million sale of Resorts to a new ownership group headed by gaming executive Dennis Gomes and New York real estate magnate Morris Bailey, collectively known as DGMB Casino LLC.

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