Atlantic City’s Trump Plaza Shuts Down

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Trump-PlazaAnother major casino is the next casualty of the slump that has his Atlantic City. The thirty-year old Trump Plaza Hotel & Casino, named after business magnate and The Apprentice boss Donald Trump is the latest casino to shut down. About 8,000 Atlantic City casino workers have lost their jobs this year, and another 3,000 could join them if the Trump Taj Mahal Casino resort shuts down in November, as hinted by its parent company.

While brick and mortar casinos are hurting, New Jersey has placed high hopes on being the among the first states to regulate online gambling to help its troubled gaming industry, but initial numbers from online gambling are from indicating that they would make any significant impact to casinos profitability.

Atlantic City is down to eight casinos.

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