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Owners of Trump Plaza
casino expect it will close

Associated Press, by Wayne Parry

Original Article

Posted By:NorthernDog, 7/12/2014 3:53:18 PM

ATLANTIC CITY, N.J. — Atlantic City´s crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino said they expect to shut down in mid-September. Trump Entertainment Resorts told The Associated Press that no final decision has been made on the Boardwalk casino. But the company said it expects the casino to close its doors Sept. 16. Notices warning employees of the expected closing will go out to the casino´s 1,000-plus employees Monday. If Trump Plaza closes, Atlantic City could lose a third of its casinos and a quarter of its casino workforce

Comments:
Atlantic City is quickly reverting to its status as ´Camden by the sea´.

      


Post Reply  

Reply 1 - Posted by: Lawsy0, 7/12/2014 4:23:44 PM     (No. 9921585)

It is easy to see how this could happen since the inception of Tribal Owned Casino companies. They can do it cheaper, if not better. Personally, I can completely do without the baggage that accompanies a casino--got it all out of my system before the 1970´s.

Funny how when a union gets involved, the business eventually folds.

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Reply 2 - Posted by: Nevadadad46, 7/12/2014 4:37:53 PM     (No. 9921595)

Unions are a disease in any economy. Especially when they have unbalanced the power structure of a nation through influence pedalling. Trump entertainment is doing the right thing. The hand writing is on the wall, Macao is the place to invest...China. Same as the Las Vegas Casino owners did. The culinary union, a financial cow for Dirty harry Reid, in Las Vegas has destroyed any future the casinos here may have had. Too bad.

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Reply 3 - Posted by: Blue hen1, 7/12/2014 4:44:27 PM     (No. 9921597)

The hope and change express just keeps rolling

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Reply 4 - Posted by: JoniTx, 7/12/2014 5:12:52 PM     (No. 9921608)

Interesting.....FTA: ~~Bob McDevitt, president of local 54 of the Unite-HERE union, said 7,000 casino workers — or about one in four — have been warned their jobs could disappear within 60 days.~~

.....and, ~~"I let them use my name, but I have nothing to do with it," Trump told the AP on Saturday. "Atlantic City has suffered for years. Many mistakes were made by government, tremendous mistakes, including no reinvestment in town; they would take casino revenue and put it in places that had nothing to do with Atlantic City. I got out seven years ago; my timing was tremendous."~~

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Reply 5 - Posted by: Observer177, 7/12/2014 5:19:10 PM     (No. 9921611)

The casinos were sold to the citizens of a dowdy, struggling Atlantic City short on tax revenue as their savior. But, from what I can see all they´ve brought in has been more corruption, crime, increased alcoholism, gambling addictions, drugs, and prostitution, all of which, no doubt, they will leave behind them as they fold and leave--one by one.

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Reply 6 - Posted by: privateer, 7/12/2014 5:21:10 PM     (No. 9921615)

Maybe the union should buy the outfit? They could rename it Trumka Plaza. They would never need to pay out; everyone knows unions are a bad bet.

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Reply 7 - Posted by: cartcart, 7/12/2014 5:23:58 PM     (No. 9921617)

I would not bet on casinos to lift any one out of financial distress.

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Reply 8 - Posted by: gerty, 7/12/2014 5:32:44 PM     (No. 9921626)

Is this a boon or what?

Now we know where all the refugees are going to be sent!

At taxpayer´s expense, of course.

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Reply 9 - Posted by: GKC fan, 7/12/2014 8:29:16 PM     (No. 9921783)

They could rename it Pottersville Culture matters.

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Reply 10 - Posted by: Nwpa, 7/12/2014 9:19:13 PM     (No. 9921825)

With all the casinos in Pennsylvania, NY and West Virginia there is no need to travel to a seedy Atlantic City. It was second best to Vegas, and all the new casinos popping up has done it in.

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Reply 11 - Posted by: Trigger2, 7/13/2014 5:25:21 AM     (No. 9922007)

Watch out you NJ citizens. Christie will have to make up casino revenues to the state with higher taxes. If you think your taxes are too high now (which they are), you´ll soon see monumental increases. You´ll be #1 for high taxes for the next thousand years.

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