Trump Taj Mahal announces it will close (3,000 employees to receive notice)

  • Posted by a hidden member.
    Log in to view his profile

    Aug 05, 2016 3:28 AM GMT
    http://www.pressofatlanticcity.com/news/breaking/trump-taj-mahal-announces-it-will-close/article_d297274e-59a7-11e6-962b-4b2234e7959b.htmlpresident and CEO of Tropicana Entertainment, said the Taj is losing millions of dollars a month

    ...Two years ago, the city’s casino industry was decimated by the closings of Showboat Casino Hotel on Aug. 31, Revel on Sept. 2 and Trump Plaza Hotel and Casino on Sept. 16. The Atlantic Club Casino Hotel closed earlier that year, taking with it 1,600 jobs.

    When the dust settled, about 8,000 employees had lost jobs....



    4940003134_f9854354e7_b.jpg
  • Posted by a hidden member.
    Log in to view his profile

    Aug 05, 2016 12:51 PM GMT
    Very sad. It's important to note, however, that during the time that the Donald Trump organization owned the Taj Mahal, the casino was fined multiple times for willful and repeated violations of US financial laws (for example, money laundering). See, for example, http://fortune.com/2015/02/11/trump-taj-mahal-casino-settles-u-s-money-laundering-claims. #ReleaseYourTaxReturnsDonaldTrump