INDUSTRY NEWS: TAX SALES

Atlantic City NJ seeks tax sale for unpaid casino taxes

Friday, November 20, 2015   (0 Comments)
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North Jersey.com- Here's another example of how Atlantic City's casino woes are hurting the city and its residents: Bankrupt or shuttered casinos owe the city millions of dollars in unpaid taxes.

The bankrupt Trump Entertainment Resorts owes more than $12 million in back taxes, nearly 10 percent of the city's budget. The shuttered Revel also owes unpaid taxes, and the city plans next month to hold a tax sale that could lead to an investor, or the city itself, foreclosing on the properties. Read More


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