Trump Taj Mahal Among Atlantic City Casinos Seen at Risk to Shut
- Fitch says referendum to expand New Jersey gaming poses threat
- Chris Christie passed bills for cash-strapped city last week
The silhouettes of visitors are seen taking photograph outside the Trump Taj Mahal casino and hotel, owned by Trump Entertainment Resorts Inc., in Atlantic City, New Jersey, U.S., on Sunday, May 8, 2016. Trump, after becoming the presumptive Republican nominee at least a month earlier than even he expected, hes being hammered by Democrats and denied the welcome mat from his own party.
Photographer: Andrew Harrer/BloombergFour additional casinos in Atlantic City, including the Trump Taj Mahal, could shutter if gaming expands in New Jersey beyond the cash-strapped resort town.
A 10 percent decline in Atlantic City’s gross gaming revenue would put Donald Trump’s namesake casino at risk, according to a Fitch Ratings report released Thursday. It would take larger drops to imperil Resorts Casino and Golden Nugget, according to the analysis. Fitch predicts Bally’s Atlantic City also has an uncertain future.