The company is progressing toward an agreement to dispose of its land holdings in Atlantic City, or A.C., and expects to enter into a definitive agreement by year end. Separately, the company expects to receive approximately $2.6M from the New Jersey Casino Reinvestment Development Authority for the redemption of bond credits. In Q3 of 2012, the company recorded a non-cash impairment charge of $6.9M related to its Atlantic City assets, which is included in Discontinued Operations.
- Investment & Company Information
- Atlantic City