NBC10’s Matt DeLucia takes a closer look at the closing of Trumnp Plaza in Atlantic City and the effect it could have on the local economy.
The Trump Plaza Hotel & Casino in Atlantic City will close this fall, according to multiple sources.
New Jersey State Sen. Jim Whelan (D-Atlantic) told NBC10 he expects WARN notices to go out to the casino's 900 employees Monday.
Employers in New Jersey are required to provide at least 60 days notice to their workers when planning mass layoffs.
"I'm just heaing rumors," said employee Mike Radanbaugh. "But the rumor's going around that on Monday, we're all getting pink slips."
The timing indicates the Trump Plaza will shut its doors in September -- the same month Harry Hurley of WPG Talk Radio 1450 AM reported the casino will close.
Roger Gros, the publisher of Global Gaming Business, also tells NBC10 the casino will be ending its operations after more than 20 years in the resort town.
"...I don't know what I'm going to do, Radanbaugh said. "Nobody does."
Through the end of May, Trump Plaza has pulled in about $21.9M compared to the nearly $255M that Borgata pulled in during that time period.
The once thriving gambling industry in Atlantic City began to tumble several years ago as visitors opted to roll the dice at other casinos throughout the Northeast.
Caesars Entertainment announced in June that its Showboat Casino and Hotel will close Aug. 31. More than 1,500 workers lost their jobs when The Atlantic Club shut down in January.
An attorney for Revel Casino and Hotel told a bankruptcy court judge that if a buyer did not take over the struggling casino soon, it would also close.
Stay with NBC10 for more on this developing story.
