Trump Plaza Casino In Atlantic City To Close In SeptemberTrump Plaza Could Be Fourth Atlantic City Casino To Close In Nine Months |
|
The hits just keep on coming for the battered Atlantic City casino market. After the Atlantic Club Casino closed in January, the news broke that the Showboat Casino would close this summer as well.
Then it was announced that the newest property on the boardwalk, Revel, might close if it can’t locate a buyer. But things got even worse for Atlantic City this week when the owners of the Trump Plaza Casino said that they expect to close the doors this September.
The closure will affect the jobs of over 1,000 employees at Trump Plaza and would mean that one third of New Jersey’s 12 casinos will have shut down in a span of just nine months. A total of 7,800 workers will be unemployed if Revel can’t find a buyer.
Trump Entertainment Resorts has said that the decision is not final and is pending a review. Outside sources believe the company is actively searching for a buyer.
The casino opened in 1984 and cost $210 million to build. Last year, the casino’s owners unsuccessfully tried to sell the property for $20 million to a California company. The casino ranked dead last in gambling revenue, taking in just $73 million in 2013.
New Jersey was at one point the second largest casino market in the U.S. behind Las Vegas, but has since been passed by Pennsylvania. The state brought in just $3.051 billion last year, down from $5.219 billion in 2006.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
