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Trump casinos file Chapter 11; seek concessions (Atlantic City)
AP ^ | September 9, 2014 | Wayne Parry

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 ...


TOPICS: Business/Economy; US: New Jersey
KEYWORDS: atlantic; bankruptcy; casinos; trump
Looks like another AC casino will be closing. From what I heard what was the premier property on AC has become a dump. Wonder how many casino will be left perhaps just the Borgata.
1 posted on 09/10/2014 5:50:59 AM PDT by C19fan
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To: C19fan

If only we would invest that kind of money in manufacturing something, instead of casinos. We are such a mess.


2 posted on 09/10/2014 5:57:01 AM PDT by brownsfan (Behold, the power of government cheese.)
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To: C19fan
Would an Atlantic City with one or two high quality resort casinos and more attention to a safe family-oriented ocean environment be a bad thing?

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.

3 posted on 09/10/2014 6:04:43 AM PDT by grania
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To: C19fan

What are they going to do with the empty buildings?


4 posted on 09/10/2014 6:08:53 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord.)
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To: grania

There are several casinos in Detroit that have done pretty much nothing for the economy.


5 posted on 09/10/2014 6:09:49 AM PDT by cripplecreek ("Moderates" are lying manipulative bottom feeding scum.)
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To: stars & stripes forever
What are they going to do with the empty buildings?

Housing for Muslim "refugees".

6 posted on 09/10/2014 6:14:42 AM PDT by Navy Patriot (America, a Rule of Mob nation)
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To: C19fan

And Chris Christie thinks more gambling (sports gambling) is the solution to all of NJ’s economic woes.


7 posted on 09/10/2014 6:18:14 AM PDT by Above My Pay Grade (The people have the right to tell government what guns it may possess, not the other way around.)
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To: C19fan

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.


8 posted on 09/10/2014 6:21:19 AM PDT by bill1952 (taxes don't hurt the rich, they keep YOU from becoming rich.)
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To: C19fan
Trump is not on the group's board, but was given stock in the company for its use of his name and likeness.
9 posted on 09/10/2014 6:22:57 AM PDT by TexasCajun
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To: cripplecreek

And I don’t understand that.....who doesn’t think Detroit when planning their vacation!!!


10 posted on 09/10/2014 6:25:05 AM PDT by ontap
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To: stars & stripes forever

“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.


11 posted on 09/10/2014 6:26:42 AM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: TexasCajun

The other day on Fox and Friends he said he had divested himself of any stock several years ago!!!


12 posted on 09/10/2014 6:26:53 AM PDT by ontap
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To: grania; All
sound Coasa-Mel, Mexico.

13 posted on 09/10/2014 6:42:47 AM PDT by skinkinthegrass (The end move in politics in always to pick up a weapon...eh? "Bathhouse" 0'Mullah? d8^)
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To: ontap

This ain’t his first rodeo.

Ashes to ashes, dump to dump....


14 posted on 09/10/2014 6:53:11 AM PDT by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: C19fan

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.


15 posted on 09/10/2014 6:55:01 AM PDT by Erik Latranyi
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To: C19fan
union workers

nuff said

16 posted on 09/10/2014 6:55:48 AM PDT by 1Old Pro
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To: bill1952
They should bulldoze it to the ground.

Yep, and build ocean front condos that people will buy and take care of and pay taxes.

17 posted on 09/10/2014 6:57:17 AM PDT by 1Old Pro
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