Trump Entertainment Resorts said it needs big union concessions and massive tax breaks from Atlantic City and New Jersey — both of which already have rejected the demand.
One Atlantic City casino bearing Donald Trump’s name closed Tuesday and another is threatening to close in November, but Trump himself has mostly cut ties with the struggling seaside resort.
The yellow signs are up on the doors to the boardwalk entrance of Trump Plaza. At 6am it became the fourth casino to close this year and the third since Labor Day Weekend.
New Jersey’s Treasury Department says revenue from the fiscal year that ended June 30 fell below expectations even after they were revised downward.
Sources tell CBS 3 Eyewitness News that the Trump Taj Mahal in Atlantic City is filing for bankruptcy, is expected to close in November and terminate all employees.
A Florida company that develops restaurant and entertainment complexes is interested in the former Showboat casino in Atlantic City.
On Monday, troopers responded to the Harrington Raceway and Casino on West Rider Road after a call came in about a child left unattended in a parked car outside the casino.
The word came a day after Caesars officials conducted a tour of the Showboat with what they described as “an interested party.”
If the owners of Revel Casino Hotel had their way, the $2.4 billion resort would have been shut down on Monday.
Maryland Live! Casino will host the job fair at the Sheraton Atlantic City Convention Center Hotel on Tuesday from 1 p.m. to 9 p.m. and Wednesday from 8 a.m. to 1 p.m.
Roger Gros, who publishes Global Gaming Business magazine, believes next month’s scheduled auction in federal bankruptcy court will produce a new owner.
Sen. James Whelan, a former Atlantic City mayor, and Assemblymen Vince Mazzeo and Chris Brown wrote Tuesday to the state Casino Control Commission asking for the delay.
More than 1,100 Trump Plaza workers were sent layoff notices Monday as AC tourism district officials face the possibility of four casinos closing in 2014.
Officials within Trump Plaza have yet to offer any comment of confirmation.
Penn National Gaming has formally withdrawn its proposal for a $480 million casino on Packer Avenue in the city’s sports and entertainment district.