Recession has hit harder in some industries than in others and in Atlantic City, New Jersey, they have taken a major blow the last couple of years. Several casino’s has been shut down due to huge losses, some casino’s are simply just hotel’s now and then there are those who are left who are deciding what to do.
The Trump Plaza Casino, owned by Trump Entertainment Resorts Inc, told the press yesterday that they might shut down the casino effective September 16th, which leaves a small 2 months notice to the more than 1,000 employees of the casino. The notices will be officially send to the workers next week, which will provide them with more information about the case.
Thus will Trump Plaza Casino join the club of closed down casino’s in the gambling town, with Caesars Entertainment, Showboat and several others having shut down their casinos already, while others went bankrupt while building and are looking for a buyer to finish the place and operate them.
When you have a recession that has hit hard and you then add that states around you also began allowing casinos, then you can see why there’s a big problem for Atlantic City. Pennsylvania, Maryland and New York are all places where there will now be casinos and with Atlantic City’s revenues already cut in half, they might be sliced even more with the local competition.