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Borgata wins major victory on tax assessment in ruling that could be trouble for Atlantic City

Attorney A. Paul Genato, of Archer & Greiner, who is not involved in the case, said Atlantic City would likely appeal the decision. Attorneys for Atlantic City could not immediately be reached for comment. Genato said Atlantic City did a major, city-wide property revaluation in 2008, and “several of the casinos filed tax appeals, some ...

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New Jersey sues Standard & Poor’s

The suit alleges the company deceived consumers about its ratings and used outdate analytical models to maximize its market share and profits, according to a release. The suit was filed in the New Jersey Superior Court in Essex County and claims the company was deceptive as to the independence and objectivity of its ratings. Division ...

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Citing study, Assemblyman stresses full disclosure for public companies’ political contributions

On Tuesday, Ciattarelli cited the recently released 2013 CPA-Zicklin Index of Corporate Political Accountability and Disclosure, which found an increase in the number of leading U.S. companies that have expanded practices of political spending disclosure and accountability. The study, which sampled the top 200 companies listed in the S&P 500 index, also concluded that while ...

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Horse racing not coming to Atlantic City beach this year

Despite receiving Gov. Chris Christie’s signature on a bill last month permitting its use, the race, which will be called the “American Palio in Atlantic City,” will have to wait until at least next year before it becomes a reality.Jeff Guaracino, spokesperson for the Atlantic City Alliance, said a number of dates during the calendar ...

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