Trump Plaza Sends Out WARN Notices, Plans for September Closure - NBC 10 Philadelphia

The Economic Impact of Casino Closings

Trump Plaza Sends Out WARN Notices, Plans for September Closure



    More Pink Slips to AC Casino Employees

    The Trump Plaza Casino officially notified employees on Monday it will likely close its doors in September. NBC10’s George Spencer says the fallout from Atlantic City’s casino crisis will extend past the boardwalk. (Published Tuesday, July 15, 2014)

    Trump Plaza has officially notified its 900 employees that the Atlantic City casino is headed for closure.

    The 908-room hotel and gambling hall at Mississippi Avenue and The Boardwalk in Atlantic City, New Jersey. distributed state-mandated WARN notices to staff early Monday. In the notice, management said the casino and hotel would most likely cease operations between Sept. 16 and Sept. 30. first reported on Friday that the announcement was imminent.

    Trump Plaza Closing

    [PHI] Trump Plaza Closing
    The doors to the Trump Plaza will more than likely close later this year. NBC10's Ted Greenberg has the story.
    (Published Monday, July 14, 2014)

    In a statement, the casino's parent company Trump Entertainment Resorts said it has been "reviewing alternatives for the property" and while a final decision has not yet been made they expect to shut down operations.

    Among Atlantic City's 11 casinos, Trump Plaza has pulled in the lowest amount of gambling revenue. Through the end of May, it made only $21.9 million. Comparatively, its sister property Trump Taj Mahal made $89.4 million. Borgata pulled in the most revenue with nearly $255 million during the same period.

    Trump Plaza opened in 1984 and was one of three casinos owned by real estate mogul Donald Trump. He later reduced the size of his holdings two two casinos, selling the Trump Marina in 2011.

    Should the casino close, it will be the third Atlantic City gambling hall to shut down this year. The Atlantic Club Casino shut down in January and Showboat is set to close in August.

    Revel, the city's newest casino, is also entering bankruptcy protection for a second time in as many years. Its management warned a judge that they might have to shut down operations as well if a buyer is not found.

    Trump Plaza's closure coupled with others could drop the number of gambling halls to nine and leave just one bearing Donald Trump's name -- the Trump Taj Mahal.