Lenders ready to take over Resorts Atlantic City
Merv Griffin, the celebrity CEO and “Jeopardy” game show creator, couldn’t find the answer. Sol Kerzner, of Sun International Hotels fame, got burned. Tom Barrack, once dubbed “The World’s Greatest Real Estate Investor” by Fortune magazine, faced possible foreclosure. Despite promises to the contrary, all of them failed to turn Resorts Atlantic City into a top casino during their ownership over the years. Now it’s Mr. Lender’s turn to try.