The Associated Press and the Press of Atlantic City reported July 11 that Trump Entertainment Resorts, could be shuttering the Trump Plaza hotel and casino as earliest as Sept. 16.
Assemblyman Vincent Mazzeo, a Democrat who represents Atlantic City in the state legislature, said in an interview with the Press of Atlantic City on July 12 that notices will be sent to 1,000-plus workers at Trump Plaza as soon as next week warning them of the possible closure. "It's a done deal they're going to move in this direction," said Mazzeo. "The big issue for this region is that you'll have 6,000-8,000 people who will now be unemployed. That's going to have a devastating effect on our economy and on this region."
Chris Cahill, a Trump Plaza spokesman, didn't return a phone call, text or email seeking comment.
Trump Plaza would join a roster of Atlantic City casinos buckling under as the resort community has yet to rebound from the worst U.S. recession since World War II. The Atlantic Club casino closed in January, Caesars Entertainment announced it will shut down its Showboat property on the city's boardwalk Aug. 31, and Revel, a $2.4 billion mirrored-glass casino that was supposed to usher in an era of opulence and resurgence for the city, is searching for a buyer in bankruptcy.
Atlantic City has been hurt by losing its gaming-monopoly status as nearby states including Pennsylvania, Maryland and New York added gambling outlets to boost their tax coffers.
Mazzeo told the Associated Press that a buyer could emerge for Trump Plaza to rescue the property and save jobs. That prospect, though, is clouded by the need for an estimated $100 million in renovations and $20 million to $25 million in legacy pension costs.