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New Casino Files for Bankruptcy, Struggling with Debt in just One Year

New Jersey Casino, Revel, said it will file for bankruptcy after being open for just one year. The $2.4 billion Atlantic City casino accumulated $1.5 billion in debt and was failing to turn a profit.

Russian Lawmaker Resigns Over Undisclosed Florida Real Estate

The head of the Russian parliament's ethics committee, Vladimir Pekhtin, gave up his seat on Wednesday after it was revealed that he owned more than $1.3 million worth of luxury real estate in Florida that he failed to disclose.

Empire State Building investors cool to MacKenzie Capital offer

An offer by MacKenzie Capital Management LLC to buy 170 units from the owners of the Empire State Building has largely fizzled, according to regulatory documents filed on Tuesday.