Revnue Plunge During Trump Taj Mahal Strike - NBC 10 Philadelphia

The Economic Impact of Casino Closings

Revnue Plunge During Trump Taj Mahal Strike



    Revnue Plunge During Trump Taj Mahal Strike
    In this July 6, 2016, photograph, striking workers shout and hold signs as they picket outside the Trump Taj Mahal hotel and casino in Atlantic City, N.J. Management announced it will shut down the casino after Labor Day because of the strike.

    The first month of a strike against Atlantic City's Trump Taj Mahal casino helped push its revenue down by 8.2 percent in July.

    Billionaire investor Carl Icahn owns the casino that Donald Trump opened in 1990. Icahn is shutting it down Oct. 10, saying it is losing millions of dollars a month.

    Figures released Friday by the New Jersey Division of Gaming Enforcement show the Taj Mahal won $17.5 million from gamblers in July, down 8.2 percent from the $19.1 million it won in July 2015 when there was no strike.

    The results likely would have been worse had there not been an extra Saturday and Sunday this July compared to last July.

    Overall, revenue at Atlantic City's eight casinos was up 6.9 percent in July, to $275.2 million.