Trump Taj Mahal closes after 26 years

zappasguitar

Well-known member
Awwwwwww...that's a DAMN shame!


Trump Taj Mahal closes after 26 years


ATLANTIC CITY, N.J. — The storied but hobbled Trump Taj Mahal shut its doors early Monday after 26 years of operation in this resort city, as striking casino workers chanted and massed one last time on the 102nd day of their strike and vowed, "We'll be back."

The strikers held a moment of silence at the moment the casino closed. They then walked en masse toward the doors and stuck their big poster, signed by nearly 1,000 members of Unite Here Local 54, proclaiming "We held the line against Wall Street's attack on the American worker," into the revolving doors.

"Tick Tock Scab," read another sign. The other signs targeted Carl Icahn, the billionaire who took control of the company once run by Donald Trump, but failed to negotiate a union deal.

Inside the casino, the last hand of blackjack was held shortly after 5 a.m., with dealer Jim Stewart beating out casino closing regular Shelly Orloff on the final hand, with an 18.

Stewart said he was proud to be the final dealer in a place he viewed as his home.

"You're the last one Jimmy," his supervisor called out. "You were always willing to stay."

"That's it," he replied, the sole survivor."

In the end, it was an odd little asterisk — the last trace of the Trump name in Atlantic City closing down even as the man himself was enmeshed in a battle on a much larger stage.

At one time, to listen to Trump, you couldn't imagine a spotlight bigger than the one shone by the glittering chandeliers and vaulted mirrors of the Taj Mahal, where in 1990, Trump strode arm and arm with Michael Jackson to herald the "eighth wonder of the world."

But the Trump Taj Mahal, late in life, put up little resistance.

Just two blackjack tables and a craps table held gamblers in the wee hours before the closure of the casino floor. Guests had checked out earlier. A few striking casino workers held court out on the boardwalk. A security guard left with some odd cartoon signs with Trump caricatures.

At 2:42 a.m., a craps player left a nice tip and the dealer did not quite know what to say. "Oh, thank you," she said. "Enjoy your ... week. Enjoy your, I don't know, enjoy your life."

Many employees, union and nonunion, believe Icahn will reopen the property in the spring. They point to ongoing renovations and the simple cost of mothballing the property, estimated by the union to be in excess of $33 million a year.

It is not Trump but another billionaire, Carl Icahn, that the workers blame for the closure. Icahn and the union could not reach agreement on health care benefits. Icahn, who took control of the casino in its bankruptcy, refused to offer the workers at the Taj the same benefits he was paying workers at the Tropicana, which he also owns.

"We'll be back, no doubt about it," said bartender Bart Rodgers, 50, out on the boardwalk, where the Hard Rock Cafe was blasting music louder than usual. The Hard Rock restaurant and bar will remain open, with an entrance on the boardwalk.

Union leaders said 95 percent of the strikers remained on strike, though about a quarter got second jobs at other casinos while continuing to picket. "Back of the house" jobs at casinos were plentiful, they said.

There was little hand wringing among strikers, who defiantly continued to chant "Shut it down," to the last night. "We had to stand up to him," said Rodgers. "You can't go in for $9 an hour and no benefits."

Union organizer Ben Albert said, "If they proved anything it's that they can't have a business without its workers."

Cocktail server Sonja Tomljanovic, an 18 year employee at the Taj (she started after the era where servers auditioned in bathing suits), pulled the last overnight strike shift.

She said she felt sad to see it closing. The strikers were curious as to what was going on inside in the final hours, and were surprised that anyone was gambling at all.

"All my best memories are there," she said. "I made my best friends."

The Taj, which opened in April 1990, is the fifth casino to close in Atlantic City since 2014. It follows the Atlantic Club, Showboat, Trump Plaza and Revel. Showboat has reopened as a non-casino hotel. The casino death throes, with the post-mortem on the boardwalk before the early morning cameras, the sun rising over the ocean, has become a familiar ritual in this town, sometimes punctuated by Mayor Don Guardian riding by on his bicycle.

Heavily leveraged, it needed to bring in more than $1 million a day to keep afloat. It was in chapter 11 bankruptcy within a year.

Trump, as he himself has reminded the nation, had left any meaningful involvement in Atlantic City by 2009. For years, he dominated its skyline and its headlines, fighting with widows for their houses, scheming against rival casino moguls, working city councilman, dogging mayors, financing the opposition to a tunnel that he felt would benefit rival casino owner Steve Wynn. The tunnel was built.

In the end, it was only his name and the brand that was left at the Taj Mahal, plus a few Trump bobbleheads for sale. But even the Taj Mahal had begun to distance itself from the Trump name. Its billboards in the post-bankruptcy Icahn era left out any mention of Trump.

http://www.rawstory.com/2016/10/trump-taj-mahal-closes-after-26-years/
 
I'm sure that's what Trump desperately wants everyone to believe.

You are aware that Atlantic City has been in decline for some years now, right ? The whole town is about to go belly up. The brain dead economy is a massive headwind to a town like that or Vegas (which is also hurting).
 
My family used to go up there before the casinos - it was a nice place. we always stayed at the Dennis.
After the casinos it started downhill. Now it's just another broke US city.
 
My family used to go up there before the casinos - it was a nice place. we always stayed at the Dennis.
After the casinos it started downhill. Now it's just another broke US city.

It's in Jersey. In what dimension was Atlantic City ever a nice place?
 
Not according to the casinos...


Atlantic City casino operating profits up 40 percent in 2015


ATLANTIC CITY — As one casino after another went belly up during an agonizing 2014 in Atlantic City, casino industry executives predicted the culling of the herd eventually would benefit the survivors.

Statistics released Thursday by the New Jersey Division of Gaming Enforcement proved them right: The city’s surviving eight casinos saw their gross operating profit increase by more than 40 percent last year.

The casinos posted a collective operating profit of over $547 million in 2015, with seven of the eight seeing increases.

The Tropicana was the lone casino to show a decline, down over 22 percent for the year, to $46.4 million.


“Atlantic City’s casino industry is alive and quite well,” said Matt Levinson, chairman of the New Jersey Casino Control Commission. He said the figures are “an indication that the market is stabilizing after several years of turmoil. Every single operator reported a very solid performance for the year.”

Gross operating profit reflects earnings before interest, taxes, depreciation and other charges and is a widely accepted measure of profitability in the Atlantic City casino industry.

It was the first year since the shutdown of four of Atlantic City’s 12 casinos in 2014, and the casinos clearly fared better with fewer rivals down the street.

But the improvement may be short-lived: New Jersey residents will vote in November on whether to authorize two new casinos in the northern part of the state near New York City. If built, those casinos are widely expected to further damage the Atlantic City market, with many analysts expecting the closure of two or more additional casinos in Atlantic City.

For now, however, the news is good for a change. Resorts led the way with a whopping 525 percent increase in profits, to $15.6 million. The Golden Nugget was up more than 396 percent to $22.6 million.

Bally’s was up nearly 77 percent to $39.9 million; Caesars was up more than 39 percent to $83.4 million; Borgata was up over 36 percent to nearly $216 million; and Harrah’s was up 26 percent to $122 million.

The Trump Taj Mahal swung from an operating loss of $1.1 million in 2014 to an operating profit of $3.1 million in 2015.

Among Internet-only entities, Caesars Interactive-NJ went from a $12.3 million operating loss in 2014 to an operating profit of $4 million last year. Resorts Digital saw its online operating loss swell from $1.6 million in 2014 to $6.5 million last year, a worsening of 293 percent.

Nearly three-quarters of Atlantic City’s hotel rooms were occupied in 2015, a rate of 74.1 percent. Caesars had the highest occupancy percentage at 86.6 percent; the Taj Mahal had the lowest at 49.3 percent.

The average casino hotel room rate was $98.09. The Borgata had the highest average rate at $129.06, while Resorts had the cheapest at $72.81.

http://www.reviewjournal.com/business/atlantic-city-casino-operating-profits-40-percent-2015
 
You do anything in the water?? Fish, crab, surf, boggy board??
this was back when I was a kid in Atlantic city. The Boardwalk was fun.

..I do swim regularly down here-The Atlantic Florida beaches are so shallow, and there are no rocks -
you can just swim like a giant swimming pool. The water is warm.
Of course the sharks do nibble on swimmers now and then...

I went out on a shrimp boat a couple years ago- i'm too old though to work any decks.That is hard work..

The most fun was crabbing in the Chesapeake Bay ( trotline/traps)
 
this was back when I was a kid in Atlantic city. The Boardwalk was fun.

..I do swim regularly down here-The Atlantic Florida beaches are so shallow, and there are no rocks -
you can just swim like a giant swimming pool. The water is warm.
Of course the sharks do nibble on swimmers now and then...

I went out on a shrimp boat a couple years ago- i'm too old though to work any decks.That is hard work..

The most fun was crabbing in the Chesapeake Bay ( trotline/traps)


I lived in NYC but on the far reaches, the other side of Jamaica bay on the peninsula-Far Rockaway, a five min walk from the beach..

I almost killed myself the first time I jumped in the Atlantic @ Virginia beach..... Head in sand..lol Here you can run out & do a surfer dive & be in @ least a few feet of water.

I would fish, crab (blue claw), oysters/clams & body surf as well as a make-shift boggy board....... It was an awesome summer.......

I would work in Manhattan & then in the summer go home to an hour or two of ocean-what a contrast..:)
 
It's in Jersey. In what dimension was Atlantic City ever a nice place?
In fact, there were bold promises to AC when the casinos wanted in. They promised to beautify the place, and everyone would be just thrilled.

Get to the end of the row of casinos, and it's a shithole.
 
In fact, there were bold promises to AC when the casinos wanted in. They promised to beautify the place, and everyone would be just thrilled.

Get to the end of the row of casinos, and it's a shithole.

Yep, he even threaten to sue to have ppl shut up about the #'s not matching up.... & the trumpf boasted about these yuge profit #'s while the shithole dwindled...

He got the guy, who was 100% correct fired & that guy later sued that company & won something like $800,000 & an undisclosed amount from the dirty's settlement w/ him....
 
So much compassion for the workers there Zap

ROFL!!

Wacko never misses an opportunity to belittle!

Does he reserve any condemnation for Trump, the man who let his hotel slide into bankruptcy?

Of course not!

Everyone has learned by now how it's more important for sad little Trumpkins like him to belittle the other poster than it is to hold his messiah accountable for his actions.
 
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