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BUSINESS
February 5, 1992 | From Times Staff and Wire Reports
New Jersey Relicenses Griffin's Casino: State officials relicensed Merv Griffin's Resorts Casino Hotel despite concerns about the long-term financial stability of Atlantic City's first gaming hall. The Casino Control Commission lauded the casino, which opened in May, 1978, for its progress since emerging from Chapter 11 bankruptcy protection in August, 1990. Resorts said it has halved its debt, exceeded its revenue projections and undergone refurbishing.
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BUSINESS
February 5, 1992 | From Times Staff and Wire Reports
New Jersey Relicenses Griffin's Casino: State officials relicensed Merv Griffin's Resorts Casino Hotel despite concerns about the long-term financial stability of Atlantic City's first gaming hall. The Casino Control Commission lauded the casino, which opened in May, 1978, for its progress since emerging from Chapter 11 bankruptcy protection in August, 1990. Resorts said it has halved its debt, exceeded its revenue projections and undergone refurbishing.
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BUSINESS
April 6, 1990 | United Press International
A subsidiary of First Executive Corp. filed suit Thursday accusing Merv Griffin, Donald Trump and Drexel Burnham Lambert of inflating the value of Resorts International Hotel in documents filed to promote the sale of junk bonds Griffin used to buy the hotel.
BUSINESS
April 6, 1990 | United Press International
A subsidiary of First Executive Corp. filed suit Thursday accusing Merv Griffin, Donald Trump and Drexel Burnham Lambert of inflating the value of Resorts International Hotel in documents filed to promote the sale of junk bonds Griffin used to buy the hotel.
BUSINESS
September 18, 1989 | TOM FURLONG, Times Staff Writer
The Resorts International hotel and casino in Atlantic City, owned by Hollywood producer Merv Griffin, is booked to capacity tonight, but the packed house isn't anything for Griffin to boast about. Many of the guests will be company creditors--bondholders, to be exact--who are set to descend on the New Jersey city by the hundreds to hear Resorts detail how it plans to dig itself out from under an avalanche of debt.
BUSINESS
October 31, 2000 | Reuters
Three weeks after confirming plans to sell its Resorts International Hotel & Casino, Sun International Hotels Ltd. said Monday that it agreed to sell the property for $140 million. Bahamas-based Sun said it will sell the Atlantic City resort to private Los Angeles investment firm Colony Capital, which also will retain an option to buy an adjacent piece of land for $40 million. The deal is expected to close early next year.
NEWS
December 11, 1988 | United Press International
A massive fire engulfed historic Steeplechase Amusement Park Pier on Saturday, and 125 firefighters formed a semi-circular line to protect a casino and the resort's famous Boardwalk. Smoke from the pier blew into the Resorts International Hotel and Casino, but no one was injured, Deputy Fire Chief Lincoln Harold said. The pier, once known for its amusements and rides, was closed last summer.
MAGAZINE
July 24, 1988 | NINA J. EASTON, Nina J. Easton is a Times staff writer.
MERV GRIFFIN is headed for a 2:30 appointment with the crown prince of Manhattan real estate in New York City's Trump Tower. That's the glassy skyscraper at 5th Avenue and 56th Street, not to be confused with Trump Plaza over on 3rd, near Bloomingdales, or Trump Parc, the art nouveau condominium complex on Central Park South where $4 million buys a three-bedroom apartment.
NEWS
October 7, 1987 | BURT A. FOLKART, Times Staff Writer
Kenneth Uston, who abandoned the three-piece suits and button-down shirts that exemplified his promising career in the Pacific Stock Exchange to pursue his passion for pasteboards but then found his skills barred him from most of the country's prestigious casinos, has died in Paris. The self-styled "applied probability analyst" whose photographic memory for cards became the bane of dealers in Las Vegas and Atlantic City was 52.
SPORTS
September 21, 1986 | Steve Springer
The statement was delivered as a matter of fact. As if it were surely verifiable in any encyclopedia. "There has never been a good West Coast fighter who could beat a good East Coast fighter." Frank Gelb said it the other day about the strengths and weaknesses in boxing. As promoter at the Resorts International Hotel-Casino in Atlantic City, Gelb knows something about the game. As a lifelong resident of this area, he knows something about the East Coast.
BUSINESS
September 18, 1989 | TOM FURLONG, Times Staff Writer
The Resorts International hotel and casino in Atlantic City, owned by Hollywood producer Merv Griffin, is booked to capacity tonight, but the packed house isn't anything for Griffin to boast about. Many of the guests will be company creditors--bondholders, to be exact--who are set to descend on the New Jersey city by the hundreds to hear Resorts detail how it plans to dig itself out from under an avalanche of debt.
SPORTS
September 20, 1986 | STEVE SPRINGER, Times Staff Writer
According to his record, North Hollywood middleweight Michael Nunn had beaten everybody he had faced. According to some of his critics, he hadn't really beaten anybody. Beat a good fighter, they said. Beat a tough East Coast fighter. Beat a Mike Tinley, said some of the non-believers. Friday night, Nunn made a believer out of at least one of his critics: Mike Tinley.
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