03-08-2016, 10:40 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Atlantic City
https://en.wikipedia.org/wiki/List_o..._United_States
Quote:
Bally's Atlantic City Atlantic City Atlantic New Jersey Boardwalk
The Borgata Atlantic City Atlantic New Jersey Marina
Caesars Atlantic City Atlantic City Atlantic New Jersey Boardwalk
Golden Nugget Atlantic City Atlantic City Atlantic New Jersey Marina
Harrah's Atlantic City Atlantic City Atlantic New Jersey Marina
Resorts Casino Hotel Atlantic City Atlantic New Jersey Boardwalk
Revel Atlantic City Atlantic City Atlantic New Jersey Boardwalk Closed September 2, 2014[5]
Showboat Atlantic City Atlantic City Atlantic New Jersey Boardwalk Closed August 31, 2014
Tropicana Casino & Resort Atlantic City Atlantic City Atlantic New Jersey Boardwalk
Trump Plaza Hotel and Casino Atlantic City Atlantic New Jersey Boardwalk Closed September 16, 2014[6]
Trump Taj Mahal Atlantic City Atlantic New Jersey Boardwalk
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Most of the successful casino and resorts are still open in Atlantic City including one Trump casino/hotel the Trump Taj Mahal. So, exactly why did one (Trump Plaza) fold and the other survive?
https://en.wikipedia.org/wiki/Trump_..._new_ownership
Quote:
Workers from the Trump Taj Mahal casino marched to Mayor of Atlantic City Don Guardian's office on the morning of November 3, 2014 to ask him to reconsider granting concessions, which the struggling casino says are necessary to keep the casino open. About 1,000 employees signed a petition calling on the mayor and other elected officials "to do everything possible" to keep the casino open. At the time, four of twelve casinos in Atlantic City had closed and Trump Taj Mahal would have been the fifth if it were to close. [8]
On November 14, 2014, Trump Entertainment Resorts announced that the casino would shut down in December if its main union didn't drop its appeal of a court-ordered cost-savings package, which had effectively cancelled the workers' health insurance and pension coverage.[9] However, it was revealed that the closing was to happen because it has not received the state and local tax breaks it sought.[10] The owner of the struggling Trump Taj Mahal Casino Resort filed court papers on November 14, 2014 saying it will close in December.
In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by December 12, 2014. The Taj was given a small reprieve announcing today a new shutdown date of December 20. On December 18, 2014 two days before The Taj was slated to close, UNITE HERE Local 54 reached a deal with Trump Entertainment Resorts which saved The Taj from closing. Also, billionaire Carl Icahn committed 20 million for The Taj that same day, aiding efforts to help with Trump Entertainment Resorts' fourth bankruptcy.[11]
In February 2016, Carl Icahn bought the Trump Taj Mahal, allowing it to exit from Chapter 11 bankruptcy. The casino will retain the name "Trump Taj Mahal" but Donald Trump will no longer retain his 10% ownership stake, as Trump Entertainment Resorts becomes a wholly owned subsidiary of Icahn Enterprises.[12]
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Another Trump business gone bad -- that is why 
"concessions"
Screw the city and the casino workers.
Make America Great! |
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