Just when you thought things couldn’t get any worse for Atlantic City, a new report out of New Jersey suggests that Trump Taj Mahal might be on the verge of filing for Chapter 11. That’s right, as if dealing with the closing of Revel, Trump Plaza, Atlantic Club, and Showboat weren’t enough, you might be able to add Taj Mahal to the list of casinos you won’t be able to get into very soon.
But that might not happen right away. A filing for Chapter 11 actually gives Taj Mahal the opportunity to restructure. And that means the property could remain open. In the short term, there might not be a huge impact on the customer experience.
However, whether customers will actually bother playing at the Taj Mahal remains to be seen. In their last financial filing, the company claimed that they are in danger of running out of money to pay their bills or make debt payments. When a company announces that they’re almost out of money, will players actually want to play there? After all, if a player wins a huge sum of money – like a big slots jackpot – will the casino even be able to pay out? They likely would, but who knows what would happen if a huge jackpot was popped.
What’s more, I personally wouldn’t stay at a hotel that I know is on the verge of bankruptcy. I made that mistake once in California. The lack of service was horrible, primarily because management decided to cut back on positions to save money or because those who were working decided that they just no longer cared.
The news comes around the same time that Trump Entertainment is getting ready to close the Trump Plaza. The property is slated to close in two weeks.
If you’re wondering what’s going on with Donald Trump, we should be clear that The Donald doesn’t operate either property that happens to have his name plastered on it. In fact, he’s asking (or should we saying threatening to sue) the Trump Entertainment in an effort to have his name removed from the properties.
There is an upside to all of the Atlantic City casinos closing their doors. You’ll be able to find great deals at the remaining open casinos that are clamoring for your business.