Atlantic City's Trump Taj Mahal May Close in November

New Jersey's Atlantic City faced another blow to its tourism future on Tuesday when Trump Entertainment Resorts filed for bankruptcy protection and threatened to close the Trump Taj Mahal Casino Resort in mid-November if it failed to cut expenses "drastically", according to the New York Times.

The company is already slated to close its only other property, Trump Plaza Hotel and Casino, in a week, making it the fourth casino to close this year on the Atlantic City boardwalk. The closing of the Taj Mahal, which currently has about 2,800 employees, would bring the casino job losses in the city to more than 8,000 this year. The Showboat Casino closed on Sunday, August 31; Revel closed last week and the Atlantic Club closed in January.

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According to the Press of Atlantic City, U.S. Bankruptcy Court Judge Kevin Gross on Wednesday said he would allow the company to use cash on hand to continue day-to-day operation of Trump Taj Mahal while the Chapter 11 bankruptcy process unfolds. Donald Trump himself has only a "marginal stake" in the company, the article notes, and has already demanded that his name be stripped from the ailing properties.