HOLMES BEACH -- Island Real Estate is starting a monthly photo contest. Each month photos can be submitted to photos@IslandReal.com. July’s subject is Pets on Vacation. Photo contest information is available at blog.IslandReal.com.
Prizes will be awarded for first, second and third place. Winners will be announced at the end of the month and the winning photo will be featured in a blog on the company’s website, and on their Facebook.com/IslandReal page.
3 companies interested in building casinos
ATLANTIC CITY -- Three companies say they’re interested in building new, smaller casinos in Atlantic City. A group including the Seminole Indians of Florida, through their Hard Rock franchise; Las Vegas-based Pinnacle Entertainment, which scrapped plans to build a $2 billion Boardwalk casino, and a group of Atlantic City-area business people told New Jersey casino regulators Friday they want to participate in a pilot program to jump-start the nation’s second-largest gambling market. New Jersey amended its law earlier this year to provide for a casino with as few as 200 rooms, and one that would eventually be 500 rooms. The idea was to lower the entry bar to the struggling market and spur new investment. Friday was the date set by the New Jersey Casino Control Commission for expressions of interest in building one of the new casinos. The applicants are AC Gateway LLC, the group that includes Hard Rock; Pinnacle Entertainment through a subsidiary called ACE Gaming LLC; and a group of local investors calling itself California Avenue Ventures, based in Northfield, just outside of Atlantic City.
Living Social seeks to raise $1 billion
Living Social, the online coupon company tapped JP Morgan, Bank of America and Deutsche Bank to raise $1 billion, according to a CNBC report.
Living Social has not yet filed paperwork with the Securities and Exchange Commission, but the reported size of the offering implies a valuation between $10 billion and $15 billion. The planned IPO was first reported by CNBC last week. The announcement comes a month after No. 1 daily deal site Groupon filed papers for a stock offering expected to raise at least $750 million. Deal-a-day websites like Living Social partner with small businesses to send subscribers a local offer each day. The deals are usually good for half off on restaurant meals, spa services or other goods.
Stocks sink after dismal June jobs report
An unexpected drop in hiring put an end to the excitement that had been bubbling up on Wall Street over the past two weeks.
The Standard and Poor’s 500 index fell 9.42 points, or 0.7 percent, to 1,343.80.
The Dow Jones industrial average lost 62.29, or 0.5 percent, to 12,657.20.
-- Herald staff, wire reports
