The Tropicana Casino and Resort in Atlantic City, N.J., will be auctioned off to the highest bidder in U.S. Bankruptcy Court.

New Jersey regulators on Wednesday authorized what could be an 80 percent-off sale for one of Atlantic City’s largest casinos, permitting the Tropicana Casino and Resort to be sold in a bankruptcy court auction.

The Tropicana Casino and Resort in Atlantic City, N.J., is about to enter bankruptcy court, where it will be auctioned off to the highest bidder.

With casinos across the country taking in less money because of the recession, many are also handing out less freebies to gamblers.

Many casinos are handing out fewer freebies to gamblers as they take in less money during the recession.

Do New Jerseyans want to be able to wager on professional sports events at Atlantic City casinos or horse racing tracks? You bet!

A group including billionaire financier Carl Icahn says it plans to bid for Atlantic City’s Tropicana Casino and Resort in a bankruptcy court auction.

Four of the nation’s largest labor unions are teaming up to kick-start stalled contract talks with casinos in four states, starting with New Jersey.

While both Las Vegas and Atlantic City are reporting double-digit declines in casino revenues, Missouri’s gambling income is growing.

Atlantic City’s 11 casinos posted a 19.2 percent drop in revenue last month, the biggest monthly decline in the state’s 30-year history of legalized gambling.