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Another Atlantic City casino warns employees of impending shutdown

Trump Plaza Hotel and Casino told its employees it is "reviewing alternatives for the property" and could shut down Sept. 16.
By Frances Burns   |   July 14, 2014 at 1:03 PM   |   Comments

| License Photo
ATLANTIC CITY, N.J., July 14 (UPI) -- Another Atlantic City, N.J., casino warned of a shutdown Monday as the Trump Plaza Hotel and Casino sent warning letters to its employees.

A spokesman for Trump Entertainment Resorts said employees were told the company is "reviewing alternatives for the property." The company also owns the Trump Taj Mahal.

Workers were told the closing date is Sept. 16 or shortly thereafter.

The Atlantic Club closed in January, putting 1,700 people out of work. In June, Revel, Atlantic City's newest casino, filed for bankruptcy for the second time since it opened in 2010 with executives saying it could close if it cannot find a buyer, and Caesars Entertainment sent warning letters to the 2,000 employees of its Showboat Hotel and Casino.

Trump Entertainment filed for bankruptcy in 1991, 2004 and 2009. Donald Trump resigned as chairman of the board in 2009.

Atlantic City had a monopoly on many forms of legal gambling when the first casinos opened there more than 30 years ago. But revenues have dropped sharply in recent years because of competition from casinos in Connecticut and Pennsylvania.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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