The Buzz | Atlantic City: Taj Mahal casino closes hotel tower, ends credit

Trump Entertainment Resorts is closing its newest hotel tower and is no longer issuing credit as it prepares for a Dec. 12 shutdown of the Taj Mahal, its lone remaining casino.
The company filed a petition last week asking the state for formal permission to close the casino.
In the petition, which was released yesterday by the state’s Gaming Enforcement Division, the company says it is closing its Chairman Tower and would stop issuing credit as of Monday.
Trump Entertainment has been in talks with its union and state officials on ways to save the casino and its 3,000 jobs. They hinge on the union withdrawing its appeal of a court-ordered cost-cutting plan.

Categories Business World