Resorts has spent the better part of a year trying to convince the New Jersey Gambling Commision that it has severed ties with former CEO william Yung. It recently sent a letter stating that Mr Yung was no longer involved in any capacity and enclosed a check for $100,000 as a proposed settlement of the case against them. Problem was the check was signed by William Yung.
It was reported this week that Mr Yungs $37 million dollar stake in Resorts/Colony is now worth zero.
It was reported this week that Mr Yungs $37 million dollar stake in Resorts/Colony is now worth zero.