Trump Plaza Casino Closes In Atlantic CityAs Expected, Atlantic City Now Has Just Eight Casinos |
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Trump Plaza Hotel & Casino closed its doors on Tuesday morning, marking the fourth casino in beleaguered Atlantic City to cry “uncle” this year.
Atlantic City, once the mecca for gambling in the region, now has just eight brick-and-mortar casinos.
The boardwalk casino opened in 1984.
The casino’s last moments ended in very unspectacular fashion, noted the AP.
A downward spiral that saw it ranked last among the city’s casinos ended Tuesday morning as about a half-dozen gamblers who stayed to the end got up from the lone blackjack table in operation or from a few slot machines and walked out beneath the dozens of glittery chandeliers for the last time […] So far this year, Trump Plaza has won just $36.8 million from gamblers. That’s down 31.5 percent from the same period last year, and about the same amount as the Borgata wins during an average two-week period.
Thousands of casino workers, up to 11,000 of them if Trump Entertainment also closes the Taj Mahal in mid-November, are without jobs thanks to the rush of closings.
Here’s a map of the casino closings from The Wall Street Journal:
While Trump Plaza didn’t have a poker room, the Taj does. The latter’s 48 tables make it the second-largest poker room in Atlantic City behind the Borgata. If the Taj does close, just five poker rooms will remain in Atlantic City.
Internet gambling was authorized in New Jersey last year to help the struggling casinos. It hasn’t worked, as revenues have unsurprisingly fallen short of overzealous estimates.
Gov. Chris Christie predicted $1 billion in online gaming revenue in year no. 1.
Internet gaming win was $10.07 million in July, consisting of $2.15 million in online poker win and $7.92 million in other authorized casino games. So far in 2014, online gaming revenue in the Garden State was $73.12 million, as just two operators have dominated the market.
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