ATLANTIC CITY, N.J. — The owner of the struggling Trump Taj Mahal Casino Resort filed court papers on Friday saying it will close within a month, making it the fifth of the city's 12 casinos to shut down this year. Trump Entertainment Resorts said in a Delaware bankruptcy court filing obtained by The Associated Press that its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package. On Friday, the indicated time was up. The company said in court papers the closing will happen because it has not received the state and local tax breaks it sought. Company officials could not immediately be reached for comment Friday afternoon. Including the Taj Mahal's 3,000 workers, 11,000 Atlantic City casino workers will have lost their jobs this year. Atlantic City has been caught in an eight-year downward spiral caused mainly by the proliferation of casinos in neighboring states.
IN-DEPTH
- Tough Luck: Atlantic City's Iconic Casinos to Close
- Down on its Luck: Fifth Atlantic City Casino Could Close This Year
- New Jersey College Agrees to Buy Atlantic City's Failed Showboat (NBC Philadelphia)