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Strategies & Market Trends : John Pitera's Market Laboratory

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To: ajtj99 who wrote (22061)8/7/2019 11:11:43 AM
From: Thomas M.  Read Replies (1) of 33421
 
Correct.

After managing to remain open as multiple casinos closed up shop along the once iconic Atlantic City boardwalk, Trump Taj Mahal Casino Resort will meet the same fate, closing its flashy, extravagant doors after Labor Day.

Yesterday’s announcement makes the casino, once dubbed the "eighth greatest wonder in the world," the fifth to close in Atlantic City since 2014. Four casinos shuttered within that year, all but ending the resort town’s history as the ritzy gambling mecca of the Mid-Atlantic.

philly.curbed.com

And today bankruptcy is merely a tool in negotiations between businessmen.

Tom
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