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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPink slips to 1,000 casino workers at Atlantic City's Trump Plaza
Source: Reuters
Pink slips to 1,000 casino workers at Atlantic City's Trump Plaza
BY DANIEL KELLEY
Mon Jul 14, 2014 1:43pm EDT
(Reuters) - Layoff notices went out on Monday for roughly 1,000 employees of Atlantic City's Trump Plaza Casino Hotel, in anticipation of a Sept. 16 closure, the company said in a statement.
The pink slips came as the company that owns the casino, Trump Entertainment Resorts, has begun reviewing alternatives for the property, the company statement said.
Although this review has not been completed and no final decision has been made, the company expects that it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014, the statement said.
The seashore casino is one of the poorest performers in Atlantic City, which began the year with 12 casinos but with the Trump Plaza closing could be down to eight. Trump Plaza booked less than half its rooms in the first quarter of 2014, and had the lowest gaming revenue of any of the city's casinos in May, according to state documents.
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BY DANIEL KELLEY
Mon Jul 14, 2014 1:43pm EDT
(Reuters) - Layoff notices went out on Monday for roughly 1,000 employees of Atlantic City's Trump Plaza Casino Hotel, in anticipation of a Sept. 16 closure, the company said in a statement.
The pink slips came as the company that owns the casino, Trump Entertainment Resorts, has begun reviewing alternatives for the property, the company statement said.
Although this review has not been completed and no final decision has been made, the company expects that it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014, the statement said.
The seashore casino is one of the poorest performers in Atlantic City, which began the year with 12 casinos but with the Trump Plaza closing could be down to eight. Trump Plaza booked less than half its rooms in the first quarter of 2014, and had the lowest gaming revenue of any of the city's casinos in May, according to state documents.
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Read more: http://www.reuters.com/article/2014/07/14/us-usa-trumpcasino-newjersey-idUSKBN0FJ26S20140714
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Pink slips to 1,000 casino workers at Atlantic City's Trump Plaza (Original Post)
Eugene
Jul 2014
OP
MADem
(135,425 posts)1. See what happens when ya put your big fat name on everything?
Mister Maker is now Mister TAKER--taking the jobs from earners, taking food from the mouths of children!
I thought this mogul was supposed to be such a business genius...and he couldn't turn this business around?
underpants
(182,877 posts)2. He's not allowed to play with about 95% of his "holdings"
He promotes them and then moves on to his next "Hoooge!" thing. The loan banks step in and protect their investment basically FROM him.
MADem
(135,425 posts)3. I think people should wise up and realize this scumbag is a HOOOOOOOOGE! BSer!!!
Love that HOOOOOOOOGE! thing!!!!
Guy Whitey Corngood
(26,505 posts)4. That doesn't sound very job creator-ey..... nt
GeorgeGist
(25,323 posts)5. After two bankruptcies ...
I guess the Trumpster has finally failed.
JaneyVee
(19,877 posts)6. The fuck do you bankrupt a place where
Customers literally hand you money for absolutely nothing in return?