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May 26, 2015 12:09 AM ET

Hotels, Restaurants and Leisure

Company Overview of Greate Bay Hotel & Casino Inc.

Company Overview

Greate Bay Hotel & Casino, Inc. went out of business. Greate Bay Hotel & Casino Inc. owns and operates The Sands Hotel and Casino located in Atlantic City, New Jersey. The Sands facility consists of a casino and a hotel. Its casino includes approximately 78,000 square feet of gaming space containing approximately 2,202 slot machines and 73 table games. The company’s hotel offers facilities including 637 rooms, 5 restaurants, 2 cocktail lounges, 2 private lounges, and an 800 seat cabaret theater. The company is based in Atlantic City, New Jersey.

Indiana Avenue & Brighton Park

Atlantic City, NJ 08401-7002

United States



Key Executives for Greate Bay Hotel & Casino Inc.

Greate Bay Hotel & Casino Inc. does not have any Key Executives recorded.

Greate Bay Hotel & Casino Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of Greate Bay Hotel & Casino

An Administrative Law Judge issued an Order Making Findings and Revoking Registrations by Default in Greate Bay Hotel & Casino, Inc. The Order Instituting Proceedings alleged that company had securities registered with the Securities and Exchange Commission (SEC or the Commission) pursuant to Section 12(g) of the Securities Exchange Act of 1934 and the company had failed to file required periodic reports with the Commission for over three years. The Default Order found the allegations to be true and concluded that it is necessary and appropriate for the protection of investors to revoke the registration of each class of registered securities of each issuer.

SEC Orders Hearing On Registration Suspension Or Revocation Against Greate Bay Hotel & Casino

The Securities and Exchange Commission (SEC) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Greate Bay Hotel & Casino Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and/or 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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