AP: Taj Mahal closes Dec. 12 if union keeps appeal

[Omaha Steve]

Source: AP-Excite

ATLANTIC CITY, N.J. - Trump Entertainment Resorts said Thursday it will close the Taj Mahal on Dec. 12 if its main union doesn't drop an appeal of a court-ordered savings package.

CEO Robert Griffin told The Associated Press that the company has notified the state Division of Gaming Enforcement of the planned shutdown date.

The union is appealing a bankruptcy court order that terminated the union contract, canceling health insurance and pension coverage. If the appeal isn't withdrawn by the end of the month, the casino will close and its 3,000 jobs will be lost, Griffin said.

The notice to state regulators follows a letter the company sent Monday to its employees urging them to pressure the union to drop the appeal. In it, Griffin described the company as "a very sick patient lying on his death bed." It came on the day the company originally had planned to close the Taj Mahal before extending its deadline by a month.

FULL story at link.

http://www.northjersey.com/polopoly_fs/1.1133159.1415913757!/fileImage/httpImage/image.jpg_gen/derivatives/box_650/tajmahal1113.jpg

WAYNE PARRY
Workers at the Trump Taj Mahal Casino Resort in Atlantic City, N.J. march to City Hall on Monday, Nov. 3, 2014 to deliver a petition to Mayor Don Guardian asking for help in keeping the struggling casino open.


Read more: http://www.northjersey.com/news/business/ap-taj-mahal-closes-dec-12-if-union-keeps-appeal-1.1133153

[KamaAina]

1. Several other AC casinos have closed recently

How many homeless people could be housed in them?

[Eridenus]

2. The entire state of New Jersey's homeless could reside in these hotels, free of charge

and everything billed personally to Donald J. Trump.

[KamaAina]

14. He'd just declare bankruptcy again

because of the huge bills it must take to maintain his combover.

And welcome to DU!

[yeoman6987]

3. I seriously though we were talking India here.

That title got me good!

[YOHABLO]

4. Down with anything Trump. Casino workers: perhaps they could get another buyer?

[sharp_stick]

5. Although I love to hate

that walking hair piece he hasn't had an interest in that casino for years.

[jmowreader]

6. And it'll close Dec. 13 if the union drops its appeal

If this casino is that far gone, probably nothing will save it.

[tomm2thumbs]

8. yup yup

-- another case of dead casino walking --

[Cal Carpenter]

13. Exactly. Rather it happen now with some worker benefits intact

than in 6 months or a year, after the investors and execs suck even more out of it (before they head to their next 7 figure gig) and leave the workers with nothing, and few if any job prospects.

Atlantic City casinos aren't gonna bounce back any time soon.

The headline is designed to blame the workers who are not at fault here.

[rocktivity]

7. Not only should they keep the appeal

they would counter file for attempted extortion.


rocktivity

[Dustlawyer]

9. Agree! When it does go under he will blame the Union and Obama!

[Beacool]

10. It's a shame.

I was in Atlantic City in August; right before they closed the Rebel, Show Boat and Trump Plaza. Thousands of people have lost their jobs.

[Bonhomme Richard]

11. I have no idea where those people are going.....

to find jobs in that area.

[Adrahil]

12. Atlantic City gambling is kind of doomed.

Lots of states are allowing casinos these days. No need to go to a has-been beach resort for it.

[YOHABLO]

15. I think that's a good point .. could it be also the doom for Vegas?

[Adrahil]

17. Maybe, but Vegas has the whole "Sin City" thing going on.

Atlantic City isn't quite as glamorous as Vegas.

[Psephos]

16. Trump sold his interests long ago.

The idea that one can get back at Trump by wanting to see that casino closed is mistaken.

Is the casino fabricating? Who knows.

But the failure of other majors before it, and the ongoing downslide of A.C. would make me think in binary terms: do I want a job for another year or two, or no job? Personally, I would keep the job while I bankrolled another exit plan.

It's easy to be righteous in one's anger on the internet. Not so easy when the bills keep coming but the paycheck doesn't.