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Business Insights From Conway MacKenzie
September 9, 2014

No Dice: Atlantic City Trump Casinos File for Chapter 11

Another day, another Atlantic City casino Chapter 11 filing. Today Trump Entertainment Resorts, which operates Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, filed for bankruptcy in Delaware, case number 14-12103. This filing follows the closing of two other iconic Atlantic City casinos, the Showboat and Revel Casino Hotel, over Labor Day weekend. What remains to be seen is whether this shake-up will cause further negative ripple effects across the market, or help stabilize it with gaming revenue being concentrated at the surviving casinos.