Tags: trump | taj mahal | closing | bankruptcy

Trump Taj Mahal Closing, Too? Trump Casinos Seek Bankruptcy

Image: Trump Taj Mahal Closing, Too? Trump Casinos Seek Bankruptcy
In this 2007 file photo, The Atlantic City, New Jersey skyline, including the Trump Taj Mahal, are shown. (Saul Loeb/AFP/Getty Images)

By    |   Tuesday, 09 Sep 2014 06:39 AM

Trump Entertainment Resorts Inc, which operates two Atlantic City casinos, will file for bankruptcy, Bloomberg reported on Monday, citing sources. The Trump Plaza Hotel and Casino will close this month and the Trump Taj Mahal may close in November.

It would be another blow for casino workers in Atlantic City, whose casinos have faced growing competition from new rivals in the northeastern United States.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

Around 8,300 people are losing jobs with three casinos closing in less than a month – Showboat, a Caesars Entertainment Corp property and Revel recently closed while Trump Plaza Hotel and Casino is due to close on Sept. 16.

Bloomberg reported that the Taj Mahal may shut in mid-November. It did not name its sources but identified them as "people with knowledge of the situation."

Trump Entertainment did not return requests from Reuters for comment on Monday.

Urgent: Assess Your Heart Attack Risk in Minutes. Click Here.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
TheWire
Trump Entertainment Resorts Inc, which operates two Atlantic City casinos, will file for bankruptcy, Bloomberg reported on Monday, citing sources. The Trump Plaza Hotel and Casino will close this month and the Trump Taj Mahal may close in November.
trump, taj mahal, closing, bankruptcy
167
2014-39-09
Tuesday, 09 Sep 2014 06:39 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved