Trump Taj Mahal To Close Next Month
When we last wrote about the health of America's various gambling capitals, a big question hanging over Atlantic City was whether the Trump Taj Mahal would survive a bitter labor dispute. On Friday, Trump Entertainment Resorts answered by filing court papers acknowledging a December 12 shutdown of the hotel and casino. It will be the fifth of beleaguered AC's 12 casinos to shutter this year.
In addition to the Taj Mahal's main union refusing to drop its appeal of a cost-savings package, the company cited New Jersey officials' denial of tax breaks as a reason for closure. The complex's 3,000 employees will now join the ranks of 8,000 local casino staffers who've found themselves out of work. Growing competition from rival markets like Pennsylvania and Maryland, where legislators have eased gambling restrictions, have compounded the seaside destination’s financial woes.
