Atlantic City's Hilton casino defaults on mortgage payments

Discussion in 'Wall St. News' started by ByLoSellHi, Aug 22, 2009.

  1. Atlantic City's Hilton casino defaults on mortgage payments

    by The Star-Ledger Continuous News Desk
    Friday August 21, 2009, 1:39 PM

    The Hilton Casino Resort failed to make its monthly loan payments last month due to the recession's impact on Atlantic City's smallest casino, according to a report in the Press of Atlantic City.

    The report said financial statements filed with the New Jersey Casino Control Commission shows the Hilton defaulted on its mortgage. The casino, which the report said was in negotiations to revise the mortgage agreement's terms, had an outstanding debt of $348.2 million, plus $868,000 in accrued interest, as if June 30, the report said.

  2. acepowerdrive

    acepowerdrive Guest

    why do you keep posting negative news here?

    ignore b.s. news. but not important news.

    you were very freaking bearish in march 2009.

    like a perma-bull your perma bear.

    do you even have position or no positions..daytraders don't have a position. opinions don't matter.

    if you have no cash to trade, they you have no position. because cash is a position.

  3. Hey good read. Keep it real.
  4. Illum


    AC is a dump. Id say Icahn messed up, but he payed next to nothing, so he should make money easy.