{"id":60,"date":"2012-05-24T15:08:07","date_gmt":"2012-05-24T19:08:07","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/gamlinglaw\/?p=60"},"modified":"2014-09-10T11:31:05","modified_gmt":"2014-09-10T15:31:05","slug":"duane-morris-helps-secure-19-5-million-tax-credit-for-casino","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/gaminglaw\/2012\/05\/24\/duane-morris-helps-secure-19-5-million-tax-credit-for-casino\/","title":{"rendered":"Duane Morris Helps Secure $19.5 Million Tax Credit for Casino"},"content":{"rendered":"<p>A team of Duane Morris lawyers, led by <a href=\"http:\/\/www.duanemorris.com\/attorneys\/gilbertlbrooks.html\" target=\"_blank\">Gil Brooks<\/a> of the firm&#8217;s <a href=\"http:\/\/www.duanemorris.com\/offices\/cherryhill.html\" target=\"_blank\">Cherry Hill office<\/a>, helped the Atlantic Club Casino Hotel reach a settlement agreement with Atlantic City getting the casino a $19.5 million tax credit. The team representing RIH Acquisitions NJ, LLC, which owns and trades as Atlantic Club, included Duane Morris attorneys <a href=\"http:\/\/www.duanemorris.com\/attorneys\/francescoplsuglia.html\" target=\"_blank\">Frank Suglia<\/a>, <a href=\"http:\/\/www.duanemorris.com\/attorneys\/catherinelsakach.html\" target=\"_blank\">Cathy Sakach<\/a> and <a href=\"http:\/\/www.duanemorris.com\/attorneys\/georgejkroculick.html\" target=\"_blank\">George Kroculick<\/a>, among others. The settlement approved by A.C.&#8217;s City Council after numerous property tax appeals in the Tax Court of New Jersey, reduces the casino&#8217;s taxable assessed value by more than two-thirds, from $543 million down to $165 million. The casino&#8217;s multimillion dollar tax credit will reportedly be delivered in some combination of cash payments and future credits.<\/p>\n<p>To read articles on the settlement, please visit the <a href=\"http:\/\/www.pressofatlanticcity.com\/communities\/atlantic-city_pleasantville_brigantine\/city-council-agrees-to-lower-atlantic-club-s-assessed-value\/article_c5ae6aea-a544-11e1-ab8a-0019bb2963f4.html\" target=\"_blank\">Press of Atlantic City<\/a> and <a href=\"http:\/\/www.njbiz.com\/article\/20120525\/NJBIZ01\/120529891\/Attorney:-Tax-dispute-settlement-part-of-downward-trend-in-Atlantic-City\" target=\"_blank\">NJBIZ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A team of Duane Morris lawyers, led by Gil Brooks of the firm&#8217;s Cherry Hill office, helped the Atlantic Club Casino Hotel reach a settlement agreement with Atlantic City getting the casino a $19.5 million tax credit. The team representing RIH Acquisitions NJ, LLC, which owns and trades as Atlantic Club, included Duane Morris attorneys &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/gaminglaw\/2012\/05\/24\/duane-morris-helps-secure-19-5-million-tax-credit-for-casino\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Duane Morris Helps Secure $19.5 Million Tax Credit for Casino&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[65,34,66],"ppma_author":[271],"class_list":["post-60","post","type-post","status-publish","format-standard","hentry","category-general","tag-casino","tag-gaming","tag-tax-credits"],"authors":[{"term_id":271,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/tags?post=60"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/gaminglaw\/wp-json\/wp\/v2\/ppma_author?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}