Resorts terminated negotiations to sell a property.
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A Resorts International spokesman said the company had rejected U.S. Capital Corp.’s offer for its casino hotel in Atlantic City, N.J., but declined to elaborate. U.S. Capital had offered Resorts about $325 million for the property. U.S. Capital’s chief financial officer, Andrew Duncan, said the real estate company was interested in purchasing a casino in Atlantic City and did not rule out reopening negotiations with Resorts.
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