Posted on 09/10/2014 5:50:59 AM PDT by C19fan
Trump Entertainment Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.
The company owns Trump Plaza, which is closing in a week, and the Taj Mahal, which has been experiencing cash-flow problems and had been trying to stave off a default with its lenders. The company said the Taj Mahal could close Nov. 13 if it doesn't win salary concessions from union workers.
(Excerpt) Read more at my9nj.com ...
If only we would invest that kind of money in manufacturing something, instead of casinos. We are such a mess.
I went to Atlantic City a few times in the late 1980s, overnight bus tours. Even when the casinos were new, AC was doing nothing to make the shore clean, safe, and a nice beach to visit.
What are they going to do with the empty buildings?
There are several casinos in Detroit that have done pretty much nothing for the economy.
Housing for Muslim "refugees".
And Chris Christie thinks more gambling (sports gambling) is the solution to all of NJ’s economic woes.
Atlantic city has been mostly a dangerous depressed 3rd world type slum since 1970 or so. The entire (public) idea behind casinos was to draw in billions to lift up the city, but instead it skyrocketed prices and certain property values to the point that nobody could afford to live there.
The real reason was to rake in millions for the connected crime boss/politicians.
Its literally a crime infested slum outside the boardwalk and now that is failing along with the rest of this economic ‘recovery.’
Its hopeless in a democrat environment. They should bulldoze it to the ground.
And I don’t understand that.....who doesn’t think Detroit when planning their vacation!!!
“What are they going to do with the empty buildings?”
You have to ask.
They will bus in illegals of all ages from the southern border.
The other day on Fox and Friends he said he had divested himself of any stock several years ago!!!
This ain’t his first rodeo.
Ashes to ashes, dump to dump....
Casino gambling in states like Pennsylvania have decimated Atlantic City’s lure to east coast gamblers.
By the way, Pennsylvania is only second to Nevada in state gambling revenues, beating New Jersey easily.
nuff said
Yep, and build ocean front condos that people will buy and take care of and pay taxes.
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