Workers Get Screwed As New Jersey Hopes To See Taj Mahal Casino Stay OpenJudge Says That Casino Can Void Union Contract |
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Late last week, a federal bankruptcy judge in Delaware ruled that the Trump Taj Mahal casino in Atlantic City could shed its contract with its union of casino workers.
Roughly 3,000 people work at the casino and they now face the loss of their benefits, according to the AP. The Taj Mahal’s parent company closed the Trump Plaza last month.
“The decision today will certainly enrage the workers who have relied on and fought for their health care for three decades,” Bob McDevitt, president of Local 54, which lost guarantees on wages, pensions and health care, told the AP.
“We intend to continue to fight this both in the courts and in the streets,” he added.
So far this year, the Taj has won $173,616,766 from gamblers, which is a drop of 15.2 percent compared to the same period in 2013. Workers are being asked to absorb at least some of this.
The Taj also had a slight operating loss for the first six months of 2014.
Trump Entertainment reportedly said if the ruling went against it, it would close the Taj Mahal on Nov. 13. The firm is also hoping New Jersey itself will provide aid.
“We are proud of our efforts to keep the Taj Mahal open, to deliver our loyal customers a continued first-class gaming experience and to have the ability to save 3,000 jobs in a very difficult Atlantic City economy,” said Robert Griffin, CEO of Trump Entertainment.
“We look forward to working with our elected officials. With bipartisan leadership we believe we can take a collective step toward a brighter future in Atlantic City.”
If the Taj goes down, Atlantic City will have just seven casinos by year’s end.
New Jersey provided aid to the bankrupt and currently shuttered Revel, which was the most expensive casino in the history of Atlantic City. That property was recently purchased for $110 million—a mere pittance compared to the $2.4 billion it cost to build.
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