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ATLANTIC CITY, N.J., Sept. 8 (UPI) -- Trump Entertainment Resorts, Inc., will file again for bankruptcy, which may force the closure of Trump Taj Mahal casino in Atlantic City. The company's other Atlantic City casino, Trump Plaza, is scheduled to shut down September 16, and barring a turnaround, the Taj Mahal could close mid-November.
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"If the company is unable to achieve significant revenue increases and improvements in its operating results, the company will have difficulty funding its operations and meeting its payment obligations, unless the company is able to obtain additional sources of liquidity or restructure its business and/or its indebtedness and other obligations," the company said in its filing to the state Division of Gaming Enforcement. "There can be no assurance that the company will achieve such revenue increases or that it will be successful in obtaining additional sources of liquidity."
Should the Trump Taj Mahal close, it would be the fifth Atlantic City casino to shutter this year, in addition to the Trump Plaza, the Atlantic Club, Showboat and Revel.
Casinos are struggling due to increased competition from elsewhere on the East Coast and high labor costs.
Trump's casino company first went through bankruptcy in the early 1990s following the opening of the Taj Mahal. Trump Entertainment Resorts also sought bankruptcy protections in 2004 and again in 2009, at which point Donald Trump gave up the chairmanship of the company that bears his name.
Trump no longer has any active role managing the company.
