http://www.bloomberg.com/news/2014-09-08/trump-entertainment-said-planning-to-file-for-bankruptcy-again.html
The company owns two properties in the struggling New Jersey resort
town. Trump Plaza is set to cease operations on Sept. 16, and the Trump
Taj Mahal may also shut in November, the people said. Three other
casinos have closed in the city this year, including Caesars Entertainment Corp.’s Showboat and the Revel Casino Hotel last week.
A Taj Mahal shutdown would put another 2,800 employees out of work in a city already losing
5,200 casino jobs this month. Moody’s Investors Service cut the
municipality’s bond rating by two steps on July 23 to Ba1, the highest
speculative standing. Governor Chris Christie
and other local leaders held a summit yesterday to discuss Atlantic
City’s future after an expansion of gambling in neighboring states ate
into what was once the only legal market on the East Coast.
No comments:
Post a Comment