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Tag: Trump Taj Mahal

  • Ivanka Trump And The Donald Will Sue To Remove Trump Name From Declining Atlantic City Casino

    Ivanka Trump and Donald Trump have won the right to sue for the removal of the Trump name from Atlantic City’s Taj Mahal casino.

    Now, Ivanka Trump and Donald Trump will demand that Trump Entertainment Resorts, with which Donald Trump is no longer associated, but holds a 10% stake in, remove the name Trump from the crumbling Taj Mahal.

    “Unfortunately, Trump Entertainment Resorts has allowed the Taj to fall into an utter state of disrepair in violation of their licensing agreement,” Trump attorney Alan Garten said.

    He added, “We think it’s a good ruling.”

    In response to the initial outcry from Ivanka Trump and Donald Trump, Trump Entertainment Resorts removed the Trump sign from the Trump Plaza.

    However, even after removing the neon lights that declared “Trump” to Atlantic City visitors, the outline remained clearly visible from a coat of dirt or rust.

    Atlantic City has been in a steady decline for a while now, with casinos closing left and right.

    The Trump Taj Mahal was in trouble for a long time. In fact, Trump Entertainment Resorts filed for bankruptcy and threatened to close the Trump Taj Mahal Casino Resort, back in November.

    In the lawsuit, Ivanka Trump and Donald Trump insist that “The Trump name … has become synonymous with the highest levels of quality, luxury, prestige and success.”

    Obviously, allowing the Taj Mahal to fall into disrepair is something that Ivanka Trump and her father don’t want to be associated with at all.

    But, Trump Entertainment Resorts is fighting to keep the name on the Taj Mahal.

    What do you think about Donald and Ivanka Trump’s lawsuit against Trump Entertainment Resorts? Do you think it’s reasonable for the Trumps to not want to be associated with declining casinos?

  • Miss America 2014: Welcome Distraction

    The Miss America 2014 competition is heating up.

    The excitement builds as the pageant is drawing closer to Sunday’s crowning of the new Miss America.

    The competition is being held in Atlantic City, where things are not looking so great economically.

    On the boardwalk, where the pageantry is taking place, the sight is a sad one.

    Where casinos and nightlife once lined the way, it grows dimmer all the time. The boardwalk began the year with 12 casinos. Now, five have closed their doors.

    The most recent, the Trump Taj Mahal Casino Resort, filed for bankruptcy on the same day that competition began. Trump Entertainment Resorts has threatened to close what will soon be its lone remaining casino, costing thousands of people their jobs.

    The Atlantic Club, Showboat and Revel have all closed down this year, and Trump Plaza is closing next Tuesday.

    However, pageant officials are hoping that the glitz and glamour of the Miss America 2014 competitions will distract the city from its troubles, even if just for a little while.

    “Our hearts go out to the many, many people who have lost their jobs,” said Sam Haskell III, CEO of the Miss America Organization.

    He continued, “We hope that the Miss America competition, the Show Us Your Shoes parade and all the wonderful events this week are going to help bring some happiness and joy to this great city that serves as the birthplace of Miss America. We know what’s going on here and we want to be something positive.”

    The pageant itself hasn’t gone on without a hitch, unfortunately.

    Miss Rhode Island, Ivy Depew, collapsed onstage on Tuesday night, but officials said that she just got overheated and that she should be fine.

    There is no word yet on whether or not DePew will continue to compete.

    Good luck to all of the competitors taking part in the Miss America 2014 pageant! May it be a bright spot for the citizens of Atlantic City, though temporary it may be.

  • Trump Taj Mahal Closing Slated For November, Donald Trump Files Lawsuit

    Atlantic City’s gambling industry is in danger following the announcement of the closing of one of its iconic casinos, the Trump Taj Mahal. If it closes in November, as Trump Entertainment Resorts threatened on Tuesday, Trump Taj Mahal will be the fifth casino shut down this year out of 12 establishments located in Atlantic City.

    In a statement e-mailed to The Washington Post, Trump Entertainment Resorts announced that without “significant expense reductions, the Trump Taj Mahal is expected to close on or shortly after November 13, 2014.”

    The announcement coincided with the company’s filing for Chapter 11 bankruptcy in Wilmington, Delaware and followed a previous announcement by the company that it would be closing its other casino in Atlantic City, Trump Plaza Hotel and Casino, in September. The Trump Plaza will accordingly be closing next week on September 16.

    If Trump Taj Mahal closes in November as well, 2,800 people will be left unemployed, bringing the total number of casino jobs lost this year in Atlantic City to 8,000. Revenues for casinos in Atlantic City this year have been negatively affected by the opening of casinos in neighboring states such as Maryland, New York, West Virginia and Pennsylvania.

    Apparently, when rumors about the closing of Trump Taj Mahal circulated on Monday, September 8, New Jersey governor Chris Christie also held a meeting with elected officials, union leaders and casino executives to address the closing of casinos in the city. State and city officials are reportedly aiming to attract other businesses to Atlantic City to offset the losses of casinos and attract non-gamblers to the area.

    Meanwhile, Donald Trump has filed a lawsuit seeking to remove his name from the two doomed casinos, saying that their closing might damage “the Trump name and brand.” Trump founded Trump Entertainment Resorts but no longer has an active role in managing the company.

  • Trump Taj Mahal Closing? Atlantic City Casino To File For Bankruptcy

    Could the Trump Taj Mahal close?

    Reuters reported that Trump Entertainment Resorts Inc, which operates Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, is set to file for bankruptcy. The news is yet another blow to the Casino industry in Atlantic City. Within a month, 8,300 people will lose their jobs with the announced closings of Showboat, Revel, and the Trump Plaza Hotel and Casino. If the Trump Taj Mahal joins them, the situation will just become worse.

    2,800 people depend on the Trump Taj Mahal for employment. “What happened to Atlantic City, there’s a lot of competition from a lot of other locations,” Donald Trump told Bloomberg News, “It’s happening all over.” Trump has no active role in the company, and he is even looking to remove his name from the whole thing. “It’s not that we’re demanding rights,” he said, “We just want the name taken off the building. We have the hottest hotel portfolio in the world right now. They are not operating the hotel in accordance with our very high standard.”

    According to the Record, the owners of the casino filed a report with New Jersey’s Division of Gaming Enforcement. “If the Company is unable to achieve significant revenue increases and improvements in its operating results, the Company will have difficulty funding its operations and meeting its payment obligations, unless the Company is able to obtain additional sources of liquidity or restructure its business and/or its indebtedness and other obligations,” it said, “There can be no assurance that the Company will achieve such revenue increases or that it will be successful in obtaining additional sources of liquidity.”

    The rumors are already circulating. CBS 3 Eyewitness News claimed sources informed them that the Trump Taj Mahal will close, but no official announcement has been made yet.