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Resorts Atlantic City possible foreclosure
I noticed a news blurb on wcbs880.com, that Resorts is trying to stave off foreclosure--they have not made payments on their loans since October 2008.
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Casinos rarely actually close
The bond holders just run them. Here, maybe they will close as the market is so down.
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What benifit would the shareholders have to forclosure? It just doesn't make sense.
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Foreclosure list
You never know who benefits - maybe an interested third party or silent investor. I use GovernmentAuctions.org to stay up to date with foreclosure listings - they update every day and you would be surprised what you can find on there. The AC FC is just the tip of the iceberg.
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