ATLANTIC CITY, N.J. — At least three bids already have been made to get controlling interest in Resorts International, but a lawyer for the estate of the late owner said Friday that family members have not even decided whether to sell.
Gerald Dickler, attorney for the estate of the late James M. Crosby, would not say exactly how many bids have been received, saying only that it is "fewer than 10."
"There's no sense in talking about them at this time," Dickler said. "We're not yet prepared to talk to anybody yet, specifically because we're waiting for an appraisal on the property from Merrill Lynch. We expect it early next week."
Members of the Crosby estate must first decide "if a sale should even take place."
Resorts, which owns one casino in Atlantic City and is building another, has two classes of stock. Owners of Class B stock control the company because one share of that stock has 100 times the voting power of one share of Class A stock.