ATLANTIC CITY (CelebrityAccess) — In another blow of the beleaguered gaming industry in Atlantic City, Trump entertainment has filed for bankruptcy projection for its Taj Mahal casino-hotel.
In a press release, the company said that without major concessions from its creditors, the company would be forced to shut down the Taj Mahal property as soon as November 13th.
The news comes as another Trump property in Atlantic City, Trump Plaza, is preparing to shut its doors as well. If the Taj Mahal closes, it will mark the 5th major casino in Atlantic City to go out of business.
According to CBS, workers at the casino have yet to receive the federally mandated employment-loss warning letters, but they noted that if they the letters are issued within the next few days, the company would still be in compliance for a mid-November closing.
Trump Taj Mahal first opened its doors in 1990 and features 2010 hotel rooms, 167,000 of casino floor and three music venues, including the 5,000 seat Mark G. Etess Arena, the 12,00 seat Xanadu Theater and the Blue Velvet Theater. – Staff Writers