Resorts casino fights foreclosure bid

ATLANTIC CITY, N.J. (AP) - February 16, 2009 Resorts also plans to set aside $15 million to cover payouts to winning gamblers, payroll and taxes while the two sides battle for control of New Jersey's first casino.

On Wednesday, the state Casino Control Commission will consider a request by Column Financial to either foreclose on the property, or have the owners surrender title to it without having to go through foreclosure.

Resorts International Hotel and its corporate affiliates say Column does not have a casino license, and therefore can't be permitted to take over the casino-hotel.

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