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Trump Plaza

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NEWS
July 22, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - This resort faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. The grim reality sank in July 14 when Trump Plaza issued layoff notices and targeted Sept. 16 as the date to cease operating as a casino. Perception is reality in tourism, experts say, and the Boardwalk is synonymous with Atlantic City. How will four hulking, empty buildings sit with visitors - especially at night - and will they impede tourism when Atlantic City needs it the most?
BUSINESS
September 12, 2014 | By Harold Brubaker, Inquirer Staff Writer
WILMINGTON - Trump Entertainment Resorts Inc.'s first day in bankruptcy court went off without a hitch Wednesday. Judge Kevin Gross approved all the standard motions needed for Trump to continue operating as it tries to work out a deal with Carl Icahn, whose affiliates are owed $292 million and have a "noose around the debtors' operations," in the words of a Trump Entertainment lawyer. Of particular importance was the judge's approval of a plan allowing Trump to use its nearly $30 million in cash to fund operations for the next nine weeks, under an agreement with the Icahn entities.
NEWS
September 1, 2014 | By Harold Brubaker, Inquirer Staff Writer
The Atlantic City region is on the brink of a short-term economic disaster. Atlantic City made history 36 years ago when it opened the first legal casinos in the United States outside Las Vegas. Now it's doing so again as casino employment - which for years exceeded the number of city residents - drops precipitously after a decade of steady decline. The closing of three casinos, starting with Showboat and Revel this weekend followed by Trump Plaza two weeks later, and the rapid-fire loss of 5,700 jobs, draw historic comparisons to longer-term collapses of U.S. industries such as steel.
BUSINESS
September 7, 2014 | By Harold Brubaker, Inquirer Staff Writer
The New Jersey Division of Gaming Enforcement gave online gambling company Betfair Interactive US L.L.C. permission to intervene in writing in proceedings on the closing of Trump Plaza on Sept. 16. Betfair, which is based in London, England, is Trump Plaza's online gaming partner and will be able to continue operating until the Trump Plaza license is revoked, but may need to find a new bricks-and-mortar casino partner to keep operating in New Jersey thereafter. Betfair's attorney said in an Aug. 25 letter to regulators that Trump officials have not responded to any requests for information about the closing.
BUSINESS
September 6, 2014 | By Harold Brubaker, Inquirer Staff Writer
Atlantic City's Trump Taj Mahal warned in a recent financial filing that it was in danger of running out of money to pay its bills and make debt payments. Trump Taj Mahal Associates L.L.C., the entity that owns the casino - the world's biggest and most lucrative casino when it opened in 1990 - said it needed to borrow more money or restructure its business. The casino could not guarantee it would be successful, said the filing, which was published Aug. 22. According to New Jersey regulators, the casino employs 2,825.
NEWS
December 13, 1998 | By Amy S. Rosenberg, INQUIRER STAFF WRITER
Whatever Hue Q. To was doing to annoy casino patrons in Trump Plaza the night of Sept. 8 - hustling for change, pickpocketing - it was only after casino security stepped in that the real trouble began. Within about 45 minutes, the 25-year-old native of Vietnam was dead, slammed so violently against the wall of a casino back room that the damage to his neck stopped his breathing, according to the county prosecutor and medical examiner. That explanation came later. In the days after To's death, Trump Plaza officials gave this statement, apparently relying on statements from the five security guards who were present when To died: To "stumbled into the arm of a chair.
SPORTS
February 8, 1990 | By Robert Seltzer, Inquirer Staff Writer
When Buster Douglas returns from Tokyo, chances are he will not have to check his senses at customs. They probably will have been separated from him by that pugilistic mugger, Mike Tyson. The undisputed heavyweight champion, returning to the scene of his two- round demolition of Tony Tubbs two years ago, will meet Douglas on Saturday night in Tokyo. While Douglas should become Tyson victim No. 38, at least one group hopes for a competitive fight - the officials at Trump Plaza, which will host the match between Tyson and Evander Holyfield on June 18 in Atlantic City.
NEWS
September 8, 2014 | By Suzette Parmley and Andrew Seidman, Inquirer Staff Writers
ATLANTIC CITY - With Trump Taj Mahal now reportedly on the ropes after the closing of two major gambling halls last week, Gov. Christie will hold his much-anticipated summit here Monday. As the battered resort's future hangs in the balance and faces massive unemployment from four casino closures this year - and what will soon be four dark buildings along the Boardwalk - the summit seeks to address this critical question: Where does Atlantic City go from here? "There's no doubt things are tough," Atlantic City Mayor Don Guardian said late last week, "but I believe the decisions we are making today and will be making over the next few years will yield positive results in Atlantic City for years to come.
BUSINESS
September 11, 2014 | By Harold Brubaker, Inquirer Staff Writer
The purge of Atlantic City's weakest casinos continued Tuesday, as Trump Entertainment Resorts Inc. filed for bankruptcy in Delaware, a week before it plans to shut down Trump Plaza. The company also said it expects to pull the plug on Taj Mahal in November if it fails to get concessions from the casino's unionized workers. The Taj Mahal, which employs 2,963, would be the fifth Atlantic City casino to close this year. Despite the threat of closure, Bob McDevitt, president of Unite Here Local 54, said there was little the union could do to help bail out Trump Taj Mahal.
NEWS
September 11, 2014 | By Amy S. Rosenberg, Inquirer Staff Writer
ATLANTIC CITY - In another part of town, the governor was behind closed doors hashing out an uncertain future for this ailing casino resort. But at this local pub overlooking a windswept bay, a trio of former Showboat cocktail servers from the graveyard shift gathered to puzzle out theirs. And it is still a puzzle, really, their sense of shock and loss like an uninvited guest they are trying to ignore. It feels uncomfortable to be cut off from an identity of three decades (yet there is physical comfort from the absence of the strain of the cocktail-server routine)
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NEWS
September 15, 2014 | By Harold Brubaker, Inquirer Staff Writer
ATLANTIC CITY - Vidilia Ormolea stayed true to her favorite casino here to the bitter end, squeezing in a final visit to Trump Plaza on Sunday - despite peeling wallpaper in the hotel rooms and other signs of a years-long decline. The friendly staff kept her coming back, said Ormolea, 67, who lives in Bethlehem, Pa., and said she has been a regular at Trump Plaza since it opened in 1984. It is scheduled to close Tuesday. "They took my money, yes, but I enjoyed myself here," said Ormolea, who was up $147.67 in free slot play shortly after noon.
NEWS
September 12, 2014 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - This is what unemployment looks like in a shrinking casino town. The line stretched from one end of the Atlantic City Convention Center to the other as more than 1,000 job seekers - many recently laid-off casino workers - waited to register for an opportunity to chat and drop off resum├ęs with 53 regional employers Wednesday. Combined, the employers were offering 1,200 mostly non-gaming jobs - a dent in what will be needed for the mass casino layoffs that will have claimed more than 8,000 jobs this year after Trump Plaza closes next week.
BUSINESS
September 12, 2014 | By Harold Brubaker, Inquirer Staff Writer
WILMINGTON - Trump Entertainment Resorts Inc.'s first day in bankruptcy court went off without a hitch Wednesday. Judge Kevin Gross approved all the standard motions needed for Trump to continue operating as it tries to work out a deal with Carl Icahn, whose affiliates are owed $292 million and have a "noose around the debtors' operations," in the words of a Trump Entertainment lawyer. Of particular importance was the judge's approval of a plan allowing Trump to use its nearly $30 million in cash to fund operations for the next nine weeks, under an agreement with the Icahn entities.
BUSINESS
September 11, 2014 | By Harold Brubaker, Inquirer Staff Writer
The purge of Atlantic City's weakest casinos continued Tuesday, as Trump Entertainment Resorts Inc. filed for bankruptcy in Delaware, a week before it plans to shut down Trump Plaza. The company also said it expects to pull the plug on Taj Mahal in November if it fails to get concessions from the casino's unionized workers. The Taj Mahal, which employs 2,963, would be the fifth Atlantic City casino to close this year. Despite the threat of closure, Bob McDevitt, president of Unite Here Local 54, said there was little the union could do to help bail out Trump Taj Mahal.
NEWS
September 11, 2014 | By Amy S. Rosenberg, Inquirer Staff Writer
ATLANTIC CITY - In another part of town, the governor was behind closed doors hashing out an uncertain future for this ailing casino resort. But at this local pub overlooking a windswept bay, a trio of former Showboat cocktail servers from the graveyard shift gathered to puzzle out theirs. And it is still a puzzle, really, their sense of shock and loss like an uninvited guest they are trying to ignore. It feels uncomfortable to be cut off from an identity of three decades (yet there is physical comfort from the absence of the strain of the cocktail-server routine)
NEWS
September 8, 2014 | By Suzette Parmley and Andrew Seidman, Inquirer Staff Writers
ATLANTIC CITY - With Trump Taj Mahal now reportedly on the ropes after the closing of two major gambling halls last week, Gov. Christie will hold his much-anticipated summit here Monday. As the battered resort's future hangs in the balance and faces massive unemployment from four casino closures this year - and what will soon be four dark buildings along the Boardwalk - the summit seeks to address this critical question: Where does Atlantic City go from here? "There's no doubt things are tough," Atlantic City Mayor Don Guardian said late last week, "but I believe the decisions we are making today and will be making over the next few years will yield positive results in Atlantic City for years to come.
BUSINESS
September 7, 2014 | By Harold Brubaker, Inquirer Staff Writer
The New Jersey Division of Gaming Enforcement gave online gambling company Betfair Interactive US L.L.C. permission to intervene in writing in proceedings on the closing of Trump Plaza on Sept. 16. Betfair, which is based in London, England, is Trump Plaza's online gaming partner and will be able to continue operating until the Trump Plaza license is revoked, but may need to find a new bricks-and-mortar casino partner to keep operating in New Jersey thereafter. Betfair's attorney said in an Aug. 25 letter to regulators that Trump officials have not responded to any requests for information about the closing.
BUSINESS
September 6, 2014 | By Harold Brubaker, Inquirer Staff Writer
Atlantic City's Trump Taj Mahal warned in a recent financial filing that it was in danger of running out of money to pay its bills and make debt payments. Trump Taj Mahal Associates L.L.C., the entity that owns the casino - the world's biggest and most lucrative casino when it opened in 1990 - said it needed to borrow more money or restructure its business. The casino could not guarantee it would be successful, said the filing, which was published Aug. 22. According to New Jersey regulators, the casino employs 2,825.
BUSINESS
September 4, 2014 | By Harold Brubaker, Inquirer Staff Writer
When Trump Plaza closes in two weeks, Atlantic City casinos will have 17,413 slot machines, fewer than half the total when Atlantic City's gambling revenue peaked at $5.2 billion in 2006. The 52 percent decline - from 36,620 in 2006 - in slot machines tops the overall 48 percent decline in slots revenue since 2006, based on results for the year ended July 31. So does that mean there's been enough bloodshed and no more Atlantic City casinos have to close? It's impossible to say if there will be enough business for the eight casinos that will remain when Trump Plaza closes after 30 years, putting its 1,020 employees out of work, according to one expert.
NEWS
September 3, 2014 | BY JASON NARK, Daily News Staff Writer| narkj@phillynews.com, 215-854-5916
ATLANTIC CITY - A certain circle of life keeps One Stop Bait & Tackle here open, from tiny worms and minnows to striped bass and bluefish to eager anglers. It's common sense, owner Noel Feliciano said, as he plopped bags of bloodworms onto the counter yesterday. And that's why the nearby Revel Casino Hotel, rising up like a shark fin along the Boardwalk, was a failure, he said - a gleaming, $2.4 billion lure thrown out haphazardly to attract gamblers to a city already full of baited hooks.
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