Drudge Retort: The Other Side of the News
Sunday, July 13, 2014

Atlantic City's crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino in Atlantic City said they expect to shut down in mid-September. Trump Entertainment Resorts said no final decision has been made on the Boardwalk casino. But the company said it expects the casino to close its doors Sept. 16. Notices warning employees of the expected closing will go out to the casino's 1,000-plus employees Monday.

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If Trump Plaza closes, Atlantic City could lose a third of its casinos and a quarter of its casino workforce in less than nine months. The Atlantic Club closed in January, the Showboat is closing next month and Revel might do likewise if a buyer can't be found in bankruptcy court.

Trump Entertainment Resorts said its managers and board of directors "have been reviewing alternatives for the property. Although this review has not been completed and no final decision has been made, the company expects that it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014."

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POSTED BY GRACIEAMAZED

It's OK, there's a great drug trade in AC that they can fall back on.

#1 | Posted by Lohocla at 2014-07-12 01:58 PM | Reply | Flag:

Bailout time.

#2 | Posted by bat4255 at 2014-07-13 07:45 AM | Reply | Flag:

Busy Vegas is running out of water. But, gambling already brings in less than the shows and other attractions.

#3 | Posted by nutcase at 2014-07-13 07:57 AM | Reply | Flag:

#3 | POSTED BY NUTCASE

Yeah, ever since Indian Casino's and the when other states started legalizing casino's it's been slow downward spiral for AC and Vegas.

If I want to gamble I have 3 options between 15 and 40 minutes away that offer the same games as AC without the hassle of going to AC.

I still like to go to Vegas occasionally as there is more to do than just gamble and see shows. Something the local casino's can't really offer.

Plus they have a better class of hookers if you know who to talk to about it. :)

#4 | Posted by Lohocla at 2014-07-13 08:51 AM | Reply | Flag:

Atlantic City represents a microcosm of an America that is slowly but surely being turned into an impoverished ghetto ruled over by corrupt politicians and predatory financiers. They were responsible for keeping us in perpetual war and for sending our jobs and economy offshore. The more they impoverish us (by importing it and stealing it) the less educated and aware that society becomes, along with a declining ability to comprehend and oppose their actions.

#5 | Posted by Robson at 2014-07-13 09:00 AM | Reply | Flag:

#5 | POSTED BY ROBSON

If you look at the crime stats for AC, it's been a ghetto for decades. There's about a 2 block buffer where the casino's and the boardwalks around them are, but past that you take a pretty big risk of getting robbed or assaulted.

#6 | Posted by Lohocla at 2014-07-13 09:21 AM | Reply | Flag:

Yeah, ever since Indian Casino's and the when other states started legalizing casino's it's been slow downward spiral for AC and Vegas.

#4 | POSTED BY LOHOCLA AT 2014-07-13 08:51 AM | FLAG:

The Indian Casinos were just the tip of the iceberg. Horse tracks were trending down and headed out of business. States began legalizing them as full-fledged casinos. Currently the most profitable casino in America is The Aqueduct. Maccau turning into Asian Vegas meant all the new money in China stopped flying half-way around the world just to gamble.

Bad time to own desert Casinos.

#7 | Posted by sitzkrieg at 2014-07-13 09:59 AM | Reply | Flag:

New Jersey voted to allow sports betting in casinos last year, but that's been held up in federal court. Nevada is still the only place in the US where one can wager on individual sporting events (one can wager on NFL parlays in Delaware, though they also passed a similar measure to New Jersey that was blocked in federal court in 2006). If Congress would act and allow states to regulate sports betting, it would breathe new life into AC's flagging casino industry.

#8 | Posted by DCTexan at 2014-07-13 10:09 AM | Reply | Flag:

"If Congress would act and allow states..."

I don't think you are allowed to use "act" and "Congress" in the same sentence.

#9 | Posted by REDIAL at 2014-07-13 11:21 AM | Reply | Flag:

Our current economy is also part of the problem as fewer people are working and those who are have less discretionary funds to play with.

#10 | Posted by MSgt at 2014-07-13 12:30 PM | Reply | Flag:

#7 | POSTED BY SITZKRIEG

Exactly. The closest casino to me is Delaware Racetrack, then you have Dover Downs which was mainly a NASCAR venue, then you have Harrah's in Phila, PA.

The problem with AC is that the only real draw is gambling. There are better beaches in OC and Wildwood has a better boardwalk. Vegas on the other hand will last a while as there is a lot more going for it than just gambling. Plus they have a huge corporate draw for conventions. AC has what? The Miss America Pageant?

#11 | Posted by Lohocla at 2014-07-13 06:21 PM | Reply | Flag: | Newsworthy 1

Yes, the problem is not enough gambling.

#12 | Posted by TFDNihilist at 2014-07-13 06:22 PM | Reply | Flag: | Funny: 1

#6 I can show you real photos of Atlantic City board walk and community from the 30s,40s,50s, even 60s where it is a wonderful place where American families had a great and safe vacation. I was there as a kid.

What do you think caused it to become a cesspool? Someone in power needs to answer to that.

The USA needs its culture changed but only if it is for the better for all.

#13 | Posted by Robson at 2014-07-13 08:49 PM | Reply | Flag:

Maybe if Trump spent less time chasing birth certificates and paying more attention to his casino, it wouldn't be going tata's up?

#14 | Posted by aborted_monson at 2014-07-14 12:41 AM | Reply | Flag: | Newsworthy 2

#13 | POSTED BY ROBSON

I have some fond memories of AC from the 70's when we used to go there as kids. Parents would take us to the boardwalk to play games, shop, eat etc, then later they would go to a show or gamble, then the next day we'd head to Ocean City. Would stop at Cowtown and the Ice Cream place on the way back. Good times.

Last time I was in AC (I think early 90's) I had to pay a ticket for something so after I did, I walked from the courthouse to where my GF worked and in broad daylight was asked two separate times if I wanted to buy drugs. Can only imagine what happens at night outside the glow of the casino's.

#15 | Posted by Lohocla at 2014-07-14 12:50 AM | Reply | Flag:

Oops, thought I was previewing the last one. :)

What do you think caused it to become a cesspool

Focusing too much on Casino business and corruption would be the main guess for me.

Not to knock NJ, I lived there for close to 20 years, but it's a pretty corrupt "I'll scratch your back, you scratch mine" state and AC has been a huge part of that corruption since prohibition.

AC was dying out before the first casino was even built in '78. It was a tourist destination that stopped focusing and investing on being a tourist destination and other cities along the coast that better structured their economy it that took their business.

Hoping that it would revitalize the city and become a little Vegas, the focus became casino casino casino, and they ignored everything else. Think "if you build it, they will come". No other industry to diversify the economic situation, not even tourist, has been developed in the city itself and other than casino related ventures, there is no economic draw to attract any other business, it's too far gone. The city's whole basket is filled with one egg.

Now that casino's are legal in other states and are in close proximity to AC's base (namely Phila Pa and upstate NJ) they're in the same boat as before, what they are "known" for can be found elsewhere.

They should have cleaned up the crime at the same time they started on the casino's but they ignored it. The cynic in me says that the reason it's ignored is because those that could address the issue are getting kickbacks and it's too profitable.

#16 | Posted by Lohocla at 2014-07-14 02:09 AM | Reply | Flag: | Newsworthy 1

As many posters have commented, you can't build a town only on gambling. Las Vegas learnt that. Macau has several interesting things to do and is slightly more exotic than New Jersey.

#17 | Posted by CrisisStills at 2014-07-14 07:45 AM | Reply | Flag:

"but past that you take a pretty big risk of getting robbed or assaulted.

#6 | Posted by Lohocla at 2014-07-13 09:21 AM | Reply | Flag:"

Yep. Best to avoid the streets altogether.

The one time I walked the streets of AC at night, I was with a bachelor party of about 30+ guys. As we rounded a corner, a few guys hanging in front of a liquor store started towards us. But as more people started rounding the corner and they realized how big the group was, they turned back. Definitely would have been mugged if our group hadn't been that large. This was maybe 5 blocks from where most of the casinos were at the time.

#18 | Posted by Sully at 2014-07-14 10:54 AM | Reply | Flag:

#18 | POSTED BY SULLY

Yeah, sounds like you lucked out on that one.

#19 | Posted by Lohocla at 2014-07-14 11:06 AM | Reply | Flag:

I was there all of 4th of July week. It wasn't too crowded and I've gone there 3 years in a row. I always have a great time. Stay out of Ducktown.

#20 | Posted by shirtsbyeric at 2014-07-14 12:29 PM | Reply | Flag:

#16 | POSTED BY LOHOCLA AT 2014-07-14 02:09 AM | FLAG: Concur. I spent 6 1/2 years stationed in NJ and was married for 20_ years to a Cherry Hill girl. Jersey is just as you described and yes AC did fail due to choosing to be a one trick pony.

#21 | Posted by MSgt at 2014-07-14 04:56 PM | Reply | Flag:

I went to trump casino about 20 years ago and was surprised how dank and smelly it was. I did not stay long.

#22 | Posted by Prolix247 at 2014-07-14 05:30 PM | Reply | Flag:

The lie that Casinos will revitalize a city is about as vile as trickle down economics.

#23 | Posted by 726 at 2014-07-14 06:31 PM | Reply | Flag: | Newsworthy 2

#21 | POSTED BY MSGT

yeah, I was down in millville & vineland which wasn't a bad place to be.

Big in area, small in population, not a lot of crime. 113.5 square miles for about 90 thousand people. Lot of room to keep from stepping on peoples toes and some great game reserves to lose yourself in which growing up was every weekend during school and 90% of the time during summer. :)

Anyway, great lightning storm going on so gonna hop off and watch it.

#24 | Posted by Lohocla at 2014-07-14 07:24 PM | Reply | Flag:

Corrupt political cultures are the culprit that inevitably overwhelms communities (and nations) and will turn them into pathetic cesspools where everyone is out to screw the other guy and society, and community wealth and initiative is stolen, and nothing positive gets accomplished.

The corruption in America (and a media that will not expose it) represents the biggest threat to turning around our nation. Every aspect of our government and business is tainted and corrupt and the only thing the politicians and media focus on are partisan issues that divide us, instead of the accountability for those responsible.

#25 | Posted by Robson at 2014-07-14 09:17 PM | Reply | Flag:

It seems to me that Trump (and his media shills) have an absurd over blown opinion of his accomplishments and supposed benefits to our society. Gambling doesn't produce a positive economy and tangible benefits for society. It produces decay.

#26 | Posted by Robson at 2014-07-14 09:20 PM | Reply | Flag:

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