Tag Archives: Business

Risky Business: Casinos Taking a Chance Again on Atlantic City

The Hard Rock Atlantic City is banking on the re-emergence of Atlantic City. Credit: Hard Rock InternationalPlacing their bets on a slowly rebounding local economy — and the prospects for legalized sports gambling in the state of New Jersey in the near future — investors are planning to re-open two shuttered casinos in Atlantic City

Read More

Sunoco Exiting C-Store Business, Selling 1,108 Stores to 7-Eleven for $3.31 Billion

Sunoco LP (NYSE: SUN) is getting out of the convenience store business. The Dallas-based c-store operator and fuel distributor has agreed to sell a majority of its convenience stores to 7-Eleven Inc. for $ 3.31 billion in cash plus fuel, merchandise and other inventories. 7-Eleven is owned by Tokyo-based Seven & i Holdings Co. Ltd.

Read More