Trump Plaza to Close: Sources - NBC 10 Philadelphia

The Economic Impact of Casino Closings

Trump Plaza to Close: Sources



    Atlantic City's Trouble Worsens

    NBC10's Matt DeLucia takes a closer look at the closing of Trumnp Plaza in Atlantic City and the effect it could have on the local economy. (Published Saturday, July 12, 2014)

    The Trump Plaza Hotel & Casino in Atlantic City will close this fall, according to multiple sources.

    New Jersey State Sen. Jim Whelan (D-Atlantic) told NBC10 he expects WARN notices to go out to the casino's 900 employees Monday.

    Employers in New Jersey are required to provide at least 60 days notice to their workers when planning mass layoffs.

    Trump Plaza Closing?

    [PHI] Trump Plaza Closing?
    Sources tell NBC10 that Trump Plaza Hotel and Casino in Atlantic City will close this fall. NBC10's Matt DeLucia gets the story.
    (Published Saturday, July 12, 2014)

    "I'm just heaing rumors," said employee Mike Radanbaugh. "But the rumor's going around that on Monday, we're all getting pink slips."

    The timing indicates the Trump Plaza will shut its doors in September -- the same month Harry Hurley of WPG Talk Radio 1450 AM reported the casino will close.

    Casino Employees Expecting Pink Slips

    [PHI] Casino Employees Expecting Pink Slips
    Trump Plaza Casino in Atlantic City is the latest casino to announce its closing. NBC10's Lu Ann Cahn talked to workers and state leaders about the decision.
    (Published Saturday, July 12, 2014)

    Roger Gros, the publisher of Global Gaming Business, also tells NBC10 the casino will be ending its operations after more than 20 years in the resort town.

    "...I don't know what I'm going to do, Radanbaugh said. "Nobody does."

    Through the end of May, Trump Plaza has pulled in about $21.9M compared to the nearly $255M that Borgata pulled in during that time period.

    The once thriving gambling industry in Atlantic City began to tumble several years ago as visitors opted to roll the dice at other casinos throughout the Northeast.

    Caesars Entertainment announced in June that its Showboat Casino and Hotel will close Aug. 31. More than 1,500 workers lost their jobs when The Atlantic Club shut down in January.

    An attorney for Revel Casino and Hotel told a bankruptcy court judge that if a buyer did not take over the struggling casino soon, it would also close.

    Stay with NBC10 for more on this developing story.