Sunday July 13,2014 : BAD NEWS FOR ATLANTIC CITY
Another land operation to fold.
Atlantic City's crumbling land casino market disintegrated further Saturday, when directors of the Trump Plaza casino said they expect to shut the failing enterprise down in mid-September, although the decision is not yet final.
The casino is also active in the New Jersey legalised online gambling market, partnered by British betting group Betfair.
How a shutdown of the land operation might affect the online partnership is not clear, as this is the first time such a possibility has arisen for the partners or the New Jersey regulator.
A report from the Associated Press news agency said that the company will be sending its 1,009 employees 60-day notices on Monday informing them of the situation.
If closure is on the cards, Trump Plaza will be the third Atlantic City land casino to fold following the closing of Atlantic Club earlier this year, and the departure of Showboat Casino scheduled for next month. A fourth casino, Revel, is struggling to find a buyer in bankruptcy court and could become a casualty in the future.
When Atlantic Club closed its doors it put 1,600 employees on the market, and an estimated 2,100 workers will be impacted by the Showboat shutdown scheduled for August 31. Revel has 3,100 workers.