ATLANTIC CITY, NJ—In its Chapter 11 bankruptcy filing onTuesday, parent company Trump EntertainmentResorts warned that the Trump Taj Mahalcould close on Nov. 13 or shortly afterwards.
In its court filing in Delaware, the company stated that theprojected closing dates would occur “absent expense reductions,”according to the Press of Atlantic City. Trump Entertainment'sTrump Plaza is scheduled to close on Sept. 16.
Robert Griffin, CEO of Trump EntertainmentResorts, stated to the bankruptcy court that his company has morethan $285 million in debt. He said the company's casinos have beenhurt by competition in the regional casino market, severe weatherand a general economic downturn in South Jersey.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
