Casino News In Atlantic City
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Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Mergers, Acquisitions & Partnerships, New Jersey Atlantic City's least lucrative casino, Bally's, will soon have a new operator as well as a new look after on Thursday the New Jersey Casino Control Commission gave the nod to gaming company Twin River. ATLANTIC CITY, N.J. (AP) — Caesars Entertainment named new leaders for two of its Atlantic City casinos as it strives to rebound from the coronavirus pandemic and its impact on business.
The implosion of one of President Donald Trump's former Atlantic City casinos is being delayed by a few weeks.
Atlantic City Mayor Marty Small said Thursday that the demolition company handling the job told the city the former Trump Plaza casino cannot be brought down as scheduled on Jan. 29.
- The former Trump Plaza casino in Atlantic City, N.J., in 2014. On Wednesday, Atlantic City Mayor Marty Small announced the city will auction off the right to push the button to dynamite the former.
- This July 24, 2014 photo shows the former Trump Plaza casino in Atlantic City, N.J. On Wednesday, Dec. 16, 2020, Atlantic City Mayor Marty Small announced the city will auction off the right to push the button to dynamite the former casino, which is now closed, to raise money for a local youth charity.
- The two casinos posted some of the largest percentage declines in gambling revenue of all Atlantic City’s nine casinos in 2020. Harrah’s was down 46.8% to $166.3 million, and Caesars was down 43.8% to $152.3 million. All the Atlantic City casinos were closed for months last year as the first wave of the pandemic spread.
A more likely date is sometime in February, although a firm date has not yet been set, the mayor said.
The former Trump Plaza casino in Atlantic City, N.J., in 2014. On Wednesday, Atlantic City Mayor Marty Small announced the city will auction off the right to push the button to dynamite the former casino, which is now closed, to raise money for a local youth charity. (AP)
The city is using the demolition as an opportunity to raise funds for the Boys And Girls Club of Atlantic City. The city is auctioning the right to press the button that implodes the building. Small said he hopes to exceed $1 million from the auction, and the highest bidder will press the button.
Trump Plaza opened in 1984, and was the site of numerous high-profile boxing matches that Trump, then a real estate developer, attended.
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It shut down in 2014 and has fallen into disrepair, necessitating its demolition.
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The property is currently owned by billionaire investor Carl Icahn.