Casinos

Will Donald Trump Get His Atlantic City Casinos Back?

Donald Trump is eager to once again have control of Atlantic City casinos but the road to ownership might be a bit challenging. The Wall Street Journal says that while Trump has reached an agreement with Trump Entertainment Resorts Inc., which is in Chapter 11, the deal is fraught with difficulty. Trump's sale must first get the approval from a bankruptcy court judge and he will also have to appease bondholders who the WSJ says hold about $1.25 billion in second-lien debt and could lose that money if Trump's deal goes through. Trump and the firm's top lender, Beal Bank, agreed to invest $100 million in the company and Beal will extend the terms of a $486 million loan until December 2020 from 2012. The question of what the casino company is actually worth may be key to figuring out what its future will be. Trump is a savvy businessman and may have chosen to act now because he thought he could get his company back for a low price.

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Tags: atlantic city, AtlanticCity, casinos, donald trump, DonaldTrump

When Havana Was the "Paris of the Caribbean"

by Jared Paul Stern (RSS feed) —

Filed under: Books

It's now somewhat synonymous with decay of both a socioeconomic and physical nature, but there was a time before the Socialist revolution when Havana was known as the "Paris of the Caribbean," a place where Americans came to hang out in nightclubs, gamble, smoke cigars, hit on showgirls and drink copious quantities of rum. This prelapsarian paradise is celebrated in Peter Moruzzi's brilliant new book, Havana Before Castro: When Cuba Was a Tropical Playground (Gibbs Smith, $30), filled with hundreds of photos, brochures, postcards, artifacts and other ephemera.

From Hemingway hangout La Floridita, where the daiquiris flowed like water, especially during Prohibition, to the Tropicana and other casinos that were cutting edge in the 1950s thanks to the interest of American mobsters, Moruzzi provides a gorgeous and engaging glimpse of an all but forgotten era. See the gallery for a preview.

[via Men.Style]

Gallery: Havana Before Castro

Ernest Hemingway celebrates his Nobel Prize in 1954 with a daiquiri

Tags: Casinos, Cigars, Cuba, Daiquiri, Ernest Hemingway, ErnestHemingway, Fidel Castro, FidelCastro, Havana, Prohibition, Rum

The Most Expensive Casino Suites Not Just for High Rollers

by Rigel Celeste (RSS feed) —

Filed under: Journeys

Everything changes, even in Vegas (or especially in Vegas?) when it comes to big name casinos and how they divy out their best suites. They used to be reserved exclusively for only the highest of high rollers on a comp basis, but these days more and more casinos are catering to a different crowd: those who just want to pay to party and not necessarily spend all day and night gambling.

Flat rates and outrageous luxury perks are the latest trend, with prices easily skyrocketing into 5 digits. The top of the line? The Fantasy Towers at Palms, Hugh Hefner Sky Villa, available for only $40,000/night.

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Tags: casino, casinos, gamble, gambling, high roller, high rollers, HighRoller, HighRollers, las vegas, LasVegas, most expensive, MostExpensive, vegas

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