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Trump Taj Mahal closing/closed

Discussion in 'Non-Vegas Hotels & Casinos' started by flysrb, Aug 3, 2016.

  1. flysrb

    flysrb Hey Now!

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    HEY NOW! NYE in AC!!!!!!!
  2. worldtraveler

    worldtraveler Tourist

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    One more down in AC..!!
     
  3. spdandpwr

    spdandpwr Low-Roller

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    About time...that place wasn't too impressive. That said, I was in AC this weekend and Harrah's was PACKED for a Monday and more people were coming in to check-in for a Tuesday night stay. I think AC isn't going anywhere soon. It's just unfortunate that some of these iconic properties have struggled to stay relevant....I guess that teaches us something about business: never stop innovating.
     
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  4. jamesxnj

    jamesxnj VIP Whale

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    It was kinda cool opening days back when..Played there one of the first nights and only $5 bets at the tables were allowed..Just to check it out..AC was hopping back then.
    Speaking of innovating The casinos need sportsbetting imo..The boardwalk and beaches get pretty cold and dreary 7 months of the year..
    Hey Flysrb don't know how long you go back to AC visiting,but I hear you go to Resorts..Back in the 80's there was a cocktail server there that had hair that went down to her knees..Ever seen her or know who I'm talking about?
     
  5. Tony Y

    Tony Y Low-Roller

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    I don't think it will be missed except for the diehards it was quite rundown and depressing. I hope Showboat reconsiders getting a gambling license they stand to do quite well with this development
     
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  6. hammie

    hammie VIP Whale

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    Kind of sad, but the property was in trouble from day one. Before the Taj opened, a gaming analyst named Marvin Roffman opined that the property needed a daily win of $1 million to break even given its size, high debt payments, and current market conditions.

    The owner of the property (and we all know who it was) took exception and pressured Janey Montgomery Scott to fire the guy or face a lawsuit. Rather than support the analyst, the brokerage house fired Roffman. Since it opened, property went bankrupt 3 or 4 times and the analyst was spot on with his opinion.

    With the uncertainty surrounding the upcoming referendum in November asking voters to permit or deny expansion of gaming adding two casinos in North Jersey combined with the labor strike at the Taj, management announced the closure.

    I wonder if this means another property, maybe the shuttered Plaza or Revel will re-open?
     
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  7. spdandpwr

    spdandpwr Low-Roller

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    I don't see why voters would want to bring more casinos into their state when it seems that Atlantic City can barely hold on to them.
     
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  8. melbedewy

    melbedewy Low-Roller

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    Because north Jersey is 2 hours north of AC on a toll road and a pair of (well done) casinos would have a HUGE and upscale market.
    Look at that dump Genting slots parlor in Queens which I believe is the highest grossing casino (slot parlor actually but they call it a casino) in the Western Hemisphere.
     
  9. TIMSPEED

    TIMSPEED !địt mẹ!

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    damn, now I regret not at least SEEING it, when we went to AC a couple years ago...
     
    Palace Tower Suite!
  10. hammie

    hammie VIP Whale

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    Follow the money trail........its proposed that one casino will be located at the Meadowlands (10 miles from Times Square) and another in Jersey City. Take a 25 mile radius from either site and there are multi-millions of patrons, plus it could draw other NJ residents who are going to Parx and Sands Bethlehem in Pennsylvania. In order to get a gaming license in NJ the applicant is required to build a minimum of 500 hotel rooms.

    A recent poll claims that 54% are against and 37% are for casino expansion. I think the casinos would pay a higher tax rate on winnings, some of the revenue would go towards the horse racing industry and some would be diverted to Atlantic City.

    Since gaming was approved in NJ in 1978, the Casino Reinvestment Development Authority has collected $2 Billion and invested it in various projects around the state. Just go to AC and look at the difference it has made! :whistle:
     
  11. Grid

    Grid VIP Whale

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    I go to AC a few times a year. I spend half of my time in the Marina district and the other half on the boardwalk. Once Showboat and Revel closed I never had the need to go past Ballys. So I spent all of my time from Trop to Ballys.

    Resorts is a snake pit with a great beach bar. I wouldnt gamble in the smokey dump. The Taj was very sad towards the end. Even before the strike. The chandeliers were filthy and yellowed from smoke. The carpet was worn and had tears in it. A bunch of the seats at the slots were dirty and stained. I played BJ and sat on a chair that had black duct tape "fixing" a hole.

    Its sad that so many people will lose their jobs. But as a visitor it doesnt matter to me at all.
     
  12. flysrb

    flysrb Hey Now!

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    Hey Now!
    My first trip to AC wasn't until '06. Never heard tell of that CW James....
     
    HEY NOW! NYE in AC!!!!!!!
  13. jamesxnj

    jamesxnj VIP Whale

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    Next trip Fly ask one of the old-time bartenders (If any left from the 80's?) She was a popular and did a nice job while raking in the tip $..
     
  14. Busyman

    Busyman VIP Whale

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    They are headed here....
    http://www.bizjournals.com/washington/morning_call/2016/08/atlantic-city-casino-employees-flocking-to-mgm.html

    60,000 applications for 4000 jobs
     
    Last edited: Aug 4, 2016
  15. Grid

    Grid VIP Whale

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    MGM has a stated goal that 40 percent of the National Harbor resort's workforce will be Prince George's County residents. So thats 2,400 open to everyone else. I'm sure all of the workers from the Trump marina, Atlantic Club, Revel & Showboat that couldnt find work will be in the mix as well.

    In other words, these poor SOB will mostly be SOL...

    The union played chicken and lost. I guess they are in a gambling town but when you double down prepare to lose.
     
  16. lithium78

    lithium78 High-Roller

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    The Taj has been a dump for a really long time. Recently, they had problems with gang members getting into the hotel towers and shooting each other. Nobody played there anymore. Implode the place and put up an amusement park. It would probably be more profitable.
     
  17. bshowell

    bshowell VIP Whale

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    It's sad it's closing, but I haven't ventured there in years. When in AC, my casino time is spent at Trop, Bally's, Caesars, Revel when it was open, and the Marina area.
     
  18. shokhead

    shokhead I'm no big spender!

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    Never been but from what I read, AC is kind of a dump. Kind of how Reno is.
     
    Here we go again!
  19. bdautch

    bdautch High-Roller

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    As Atlantic City has gotten worse and worse, it's been harder and harder for me to get comped there. I'm TR Platinum, and I was just comped at Bally's Las Vegas with an upcoming 5 day comp at Harrah's New Orleans. But The AC properties? More like $200-$500 a night. Yes, 500 smackers for a night in The Land that Satan Forgot.
     
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  20. worldtraveler

    worldtraveler Tourist

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    The weekends are terribly expensive in AC. I wonder how one can spend $200-500 for a mediocre place like AC. Maybe the fact that it's a weekend getaway for people in NYC and other nearby metros helps.