One of the reasons more casinos may close is simply due to increased competition.
Trump deemed it “The Eighth Wonder of the World.” ( Steve Lawrence made the first legal bet, losing $50.) The Trump Taj opened in 1990 at a cost of $1.2 million after legal wrangling between Donald Trump and Merv Griffin. Resorts, the first casino in Atlantic City, has been open since 1978. Fortress Investment Group’s Adam Rosenberg declined to speculate on which casinos would close.īut two casinos did post operating losses in the first quarter, amid the better news: Resorts and the Trump Taj Mahal.
