Less ambitious in the 1990s, Resorts has sought to consolidate its financial standing. In the mid –1980s, the company changed hands twice, in a series of controversial deals, and eventually wound up in bankruptcy. However, in an effort to capitalize on the potential of the Atlantic City market, Resorts amassed large debts, which eventually jeopardized its financial stability.
The company opened the first casino allowed on the East Coast in the late 1970s and watched its profits soar. Resorts International, Inc., operates a hotel and casino in Atlantic City, New Jersey, and a vacation destination on Paradise Island in the Bahamas.
Public Company Incorporated: 1958 as Mary Carter Paint Company Employees: 7,200 Sales: $436.9 million SICs: 7011 Hotels & Motels 6719 Holding Companies, Not Elsewhere Classified 1133 Boardwalk Atlantic City, New Jersey 08401 U.S.A.
