More Atlantic fear as Trump Entertainment resorts to Chapter 11 – 外围投注app_365体育网_bet的网址

MoreAtlanticfearasTrumpEntertainmentresortstoChapter11Byadmininmobile。

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com2019年4月8日

MorejobsareunderthreatinAtlanticCitywithTrumpEntertainmentResortsfilingforChapter11Bankruptcy,amovewhichanalystsbelieveputsthefutureofTrumpTajMahalunderthreat。

Trumpownstwoproperties;TrumpPlaza,whichisduetoshutonSeptember16,andtheTrumpTajMahal,whichanalystsbelievecouldnowalsoshutinNovember。

Around8,000casinoworkersarealreadyexpectedtolosetheirjobsfollowingaseriesofclosuresinAtlanticCity。

Twocasinos,theShowboatandRevel,haveclosedalready。

WithTrumpPlazashuttingitsdoorsonSeptember16,andtheAtlanticClubclosingdowninJanuary,AtlanticCity,whichbegan2014with12casinos,willbedowntoeight。

ThepotentialclosureoftheTajMahalwouldputanother2,800employeesoutofwork。

RevenueatTrumpTajMahalwasdown$35mto$108minthefirstsixmonthsof2014whilstTrumpPlazaturnedalossof$9。

8mwithrevenuesof$28m。

TrumpEntertainmentoffloadedtheTrumpMarinahoteltoLandry’sfor$38min2011,whorenamedtheGoldenNugget。

ThecompanyfiledinUSBankruptcyCourtinDelaware,detailingliabilitiesofbetween$100mand$500m,andassetsofnomorethan$50,000。

Itdidn’tpayitsquarterlytaxlastmonthandrevealeditwon’tbeabletomakeaninterestpaymenttolendersattheendofSeptember。

ItisthefourthtimeTrumpIitsvariousguiseshasfiledforbankruptcy。

Ithasstruggledsincecomingoutofitslastbankruptcyin2010with$350mofdebt。

Itcurrentlyhasover$285mofdebt

Cost-cuttingnegotiationswiththemaincasinoworkersunionhavederailed。

Local54oftheUnite-HEREunionrejectedproposalsforworkerstorelinquishtheirhealthinsuranceandpensionpolicies,whichwouldonlyhavesavedthecasino$11mayear。

Analystsandbelievetheclosingswillbenefitwhathasbecomeanoversaturatedmarketwithpredictionsthattheremainingeightcasinoswillperformbetterwithlesscompetition。

TheclosureswillmeanAtlanticCityonlyhas13,436hotelrooms。

JimWood,ChiefExecutiveofMeetAC,believesthiswillreducethecity’scapacitytohostlargeevents。

Theavailableinventorywillshrinkby20percent,sotheexistingoperatorshavetocontributemoreroomsifwearegoingafterthemega-city-wideconventions,”hesaid。

“Theywillhavetoprovidealargerroomblock。

Ashelookstoprovideaboosttotheremainingcasino’srevenues,AtlanticCity’sMayorGovernorChristiehasjustsignedanexecutiveorderpermittingthestate’scasinosandracetrackstoacceptsportsbets,onanythingotherthanNewJerseycollegematches。

“TheAttorneyGeneral’sStatewideDirectivefollowstheThirdCircuit’srulingandconcludesthatnothingunderNewJerseylawpreventscasinosandracetracksfromoperatingasportspool,”GovernorChristie’sofficesaid。

“Themotioninfederalcourt,filedonbehalfofGovernorChristie,asksJudgeShipptoclarifyormodifyhisFebruary2013injunctioninconformancewiththedecisionoftheThirdCircuit。

BasedontheargumentsofthesportsleaguesandtheUnitedStatesDepartmentofJustice,theThirdCircuithasalreadyruledthatNewJerseycancarryoutsportswageringasdescribedintoday’sStatewideDirective。

ThemotionsimplywouldclarifyandformalizethatauthorityandgiveclearguidancetocasinosandracetrackswaitingtoopenasportspoolinNewJersey。

AtlanticCitycasinorevenuedroppedto$2。