AC: Taj Closing
http://www.pressofatlanticcity.com/news/casino-closings-take-toll-on-atlantic-city-travel/article_2fa2bdae-607b-11e4-8783-df27201638d5.html
The Pleasantville exchange on the A.C. Expressway has seen a 17% drop in vehicles in Sept. vs last Sept.
Bus traffic is also down 17% while rail ridership has fallen 16%.
How long until the first tumbleweed is spotted on the boardwalk?
Looks more and more like Dec. 2. Has anyone set the over/under yet?Quote: dave12038457How long until the first tumbleweed is spotted on the boardwalk?
Quote: dave12038457
How long until the first tumbleweed is spotted on the boardwalk?
I thought that already happened years ago, well, soon after the neighboring states legalized gambling.
Quote: Buzzard10:00 AM MAY 26 1978
I see what you did there.
Quote: Buzzard10:00 AM MAY 26 1978
C' mon big Dick!
predicting the future of AC.
Quote: BuzzardNo. I was not in line at Resorts. What a wonderful plan that was to revive a city suffering from high unemployment and suburban flight !
I was in that line with my bell bottom pants and porn star moustache. :-)
Quote: phendricks
C' mon big Dick!
10:01 AM MAY 26 1978
A patron from the "UK", issues the first known complaint to an AC casino host.
Quote: phendricks
C' mon big Dick!
Anyone notice that there aren't any chips on the table anywhere. On the table, on the rail or in the bank.
"Atlantic County unemployment at 11.4 percent"
"In September, 5,400 more people in Atlantic County were counted as unemployed than in August, with 4,900 of them in the leisure and hospitality industry."
Read More: Atlantic County unemployment at 11.4 percent | http://nj1015.com/atlantic-county-unemployment-at-11-4-percent/?trackback=tsmclip
I'm too young to have been at a casino in 1978. But my neighbor tells a great story about how they went up the second weekend Resorts was open with another couple who had a "BJ System". They drove 3 hours from Baltimore to AC...stood in line 2 or 3 hours to get in the door......and you guessed it the guy only brought like $30 and busted out in 10 minutes...and they went straight home. Sounds like a great day.
Quote: vendman1I did notice that. Also that the point seems to have been established as 10. I was wondering how that was possible with no chips in play.
I'm too young to have been at a casino in 1978. But my neighbor tells a great story about how they went up the second weekend Resorts was open with another couple who had a "BJ System". They drove 3 hours from Baltimore to AC...stood in line 2 or 3 hours to get in the door......and you guessed it the guy only brought like $30 and busted out in 10 minutes...and they went straight home. Sounds like a great day.
If you bought a buffet ticket you could go to the front of the line. Remember, the casino didn't open until 10am, maybe 8 on weekends.
Also, a few other struggling casinos would ask for similar deals.
1) The "Trump Ice" water bottles have been replaced by generic Geyser Mini-Water bottles
2) Random Gift giveaways, even TWO giveaways in one day, that were not sent in the Mailers. But were suddenly posted on the Trump One web site.
3) Dealers openly discussing they are starting work at another casino or in another State in anticipation of the closing while the Pit is standing behind them (not unexpected, but would think Management would not want them to discuss this openly with regular customers)
4) Free Slot and Match play being randomly added or subtracted on the Trump one Site (nothing new, they have done this in years past) but still odd that it appeared or disappeared in the last week on a few accounts that I have access to.
5) Buses to Taj are being cancelled on Saturdays(by a certain Bus company that shall remain nameless)
So take these items for what it's worth and hope to see some of you at the last days, whether it be this month or next!
They're getting [obscenity removed] just like the dealers are. So I don't think they really care about protecting the company.
Regardless of what he decides to do. They need to decide something soon as people will stay away in droves once the smell of death is on a place. This is all ready happening to a certain extent, I'm sure. I'd say the odds are 60% it closes.
Quote: vendman1I wonder if Carl Ichan is bluffing at all in this. He has all ready received some serious cost reductions from the Union. Lets assume any further tax breaks for the Taj are not forthcoming or minimal. Does anybody think he might go ahead and throw the 100M..he promised at the place and try to save it?
Regardless of what he decides to do. They need to decide something soon as people will stay away in droves once the smell of death is on a place. This is all ready happening to a certain extent, I'm sure. I'd say the odds are 60% it closes.
I put it even higher. They have lost most of their business due to the reports of closure and he just wants the player lists for Trop. Look how much he gained from AC Club closing.
"The objection calls the plan “patently unconfirmable,” in part because it proposes proceeding with the company’s exit from bankruptcy even if the company’s only remaining property, the Trump Taj Mahal, is closed. ...The plan, the creditors say, is a ploy to preserve hundreds of millions of dollars in tax credits for the benefit of Mr. Icahn."
http://online.wsj.com/articles/creditors-call-trump-entertainment-bankruptcy-plan-a-charade-1415036432
Read more here: http://www.heraldonline.com/2014/11/07/6506029/carl-icahn-made-350-million-from.html?sp=/100/773/385/#storylink=cpy
Either they've fired the Web master and Internet marketing staff or they just don't give a damn enough to make the site functional!
Quote: BedWetterBetterFor what it's worth, the Trump One web site log-in for checking Comps, Offers and Booking comp Rooms has been down for 4 days straight.
Either they've fired the Web master and Internet marketing staff or they just don't give a damn enough to make the site functional!
Are you using a Trump Plaza card? Did those comps carry over to Taj Mahal? I thought they were all dead
Quote: FroggerAre you using a Trump Plaza card? Did those comps carry over to Taj Mahal? I thought they were all dead
Makes no difference, similar to TR cards, the Trump One card can be used at either property.
But you can't even log in to Trump One to see your offers at Taj and it's been 4 days now.
Not a good sign, for a place slated to close in 2 days!
I'll go ask at the desk today when I arrive tonight
Quote: BedWetterBetterFor what it's worth, the Trump One web site log-in for checking Comps, Offers and Booking comp Rooms has been down for 4 days straight.
Either they've fired the Web master and Internet marketing staff or they just don't give a damn enough to make the site functional!
I had the same problem for three or four days about 2 weeks ago. Other members said it worked for them. Then mine started working again....I didn't do anything. Weird. I've always been a Taj Mahal player never the Plaza..so that's not it. Budget cuts would be my guess.
Quote: vendman1Update on Taj Trump One Site: Just tried again. Not working for me as of 9:50am EST...second time this has happened recently. Says "we can not log you in at this time".
No can do for me, neither. @10:47am (New York time), Taj said:
"Sorry, we are unable to log you in. Please try again later. "
7 is Plaza
If it starts with an 8, then I guess it is a problem for everyone. If a 7, then maybe only Plaza problem
Quote: FroggerDo your card numbers start with a 7 or 8!
7 is Plaza If it starts with an 8, then I guess it is a problem for everyone. If a 7, then maybe only Plaza problem
Mine starts with a 7. Plaza issued me that card years ago. Me thinks the problem's for all Taj and Plaza card holders. Showboat & Plaza were Titanic#1 &2, and Taj will be Titanic#3 soon at the bottom of the sea.
Quote: FroggerMy Taj account works. I think this is a Plaza related problem
I'll go ask at the desk today when I arrive tonight
My Plaza account works in Taj's kiosk machine (i.e., I checked out today's slots tournament in its kiosk) , but I still was unable to log myself into my account thru this link: https://secure.trumpcasinos.com/index.cfm
BTW, I beat you to the desk :-)
I waited on line, got up to the counter, and complained to a customer service rep. She said that many players had complained already. She asked the computer department days ago to fix the problem.
Update: The computer department does fix the problem today (11/17/2014). I'm looking for the notice of 12/12 closing... The Taj management has not yet posted the notice so far. Stay tune....
Quote: Artemis
BTW, I beat you to the desk :-)
haha...those screwballs basically told me to get lost. Ugh, nice customer service.
http://www.mysanantonio.com/news/article/AP-Taj-Mahal-closes-Dec-12-if-union-keeps-appeal-5890341.php
Quote: JackStraw8004The Taj can close earlier than expected Culture Club cancelled it's US and UK tour. A couple of months ago a spokesman for the Taj said they would stay open through November to accommodate Culture Club concert. Now they have no excuses to shut the doors earlier.
In the words of Carl Icahn:
"I'm a man without conviction
I'm a man who doesn't know
How to sell a contradiction
You come and go
You come and go"
The owners of Atlantic City's Trump Taj Mahal Casino Resort say they will close it on Dec. 12.
In a filing made Friday with a Delaware bankruptcy court, Trump Entertainment Resorts says its board has approved a shutdown of the casino by Dec. 12.
Read more at http://www.philly.com/philly/business/20141114_ap_99992e374c81455cbef1cc4cfbae4c3a.html#mMKeSIGp15zvpbPY.99
I knew. First the bridge, and now this. Christie knows " The Donald " will be running against him for the 2016 Republican nomination.
So people lose their jobs, all because of Christie's big fat ego.
They built the soul of Vegas , before cashing out to the big boys.
This left the AC door open to even worse human beings like Trump, Icahn & hedge fund managers who are just loan-sharks, & have no experience or motivation to run a successful business.
At least the Mafia had a self interest to keep the biz going & keep customers happy.
These guys came in & sucked everything they touched dry - leveraging out the value into their pockets & leaving lenders holding the bag , holding an empty shell of a property. Thousands unemployed, because the casinos were put in such debt, their capital wiped out via financial engineering.
Quote: 7star4nowIn the words of Carl Icahn:
"I'm a man without conviction
I'm a man who doesn't know
How to sell a contradiction
You come and go
You come and go"
An ode to the Taj?
I felt I lost you from the start
In time we could've been so much more
But time is precious I know
In time we could've been so much more
The time has nothing to show because
Time won't give me time
Quote: 7star4nowIt appears to be official: AP: Owner says it will close Taj Mahal casino
The owners of Atlantic City's Trump Taj Mahal Casino Resort say they will close it on Dec. 12.
In a filing made Friday with a Delaware bankruptcy court, Trump Entertainment Resorts says its board has approved a shutdown of the casino by Dec. 12.
Read more at http://www.philly.com/philly/business/20141114_ap_99992e374c81455cbef1cc4cfbae4c3a.html#mMKeSIGp15zvpbPY.99
The writing is on the wall. Per the report below, for the month of October, all AC casinos had done OK (i.e., winnings're up north) except for Taj (i.e., its winnings're down south). Taj's the only casino which dropped 17.4% in winnings.
Quote: ArtemisThe writing is on the wall. Per the report below, for the month of October, all AC casinos had done OK (i.e., winnings're up north) except for Taj (i.e., its winnings're down south). Taj's the only casino which dropped 17.4% in winnings.
to be fair, when you tell your customers you are going out of business, that could depress revenue?
wonder if /how closing Taj could possibly relate to this?
"VERA COKING LIVED NEXT TO TRUMP PLAZA, REBUFFED THE DONALD FOR DECADES
Icahn's IEH Investments paid $583,000 for Vera Coking's modest three-story boardinghouse at an auction in August."
The $583,000 sale price was well below the house’s nearly $5 million listing price in 2011. By the time the auction came up last August, the asking price had fallen to $995,000...
"Nate Chait, Coking’s Atlantic City real estate broker, speculated that Icahn could capitalize on any redevelopment plans for the area surrounding Trump Plaza. A governor’s advisory commission that is studying ways to revitalize Atlantic City has discussed the possibility of demolishing Trump Plaza to create room for an expansion of The Walk, the city’s popular shopping and entertainment district. Now concentrated at the foot of the Atlantic City Expressway, The Walk could be extended to the Boardwalk if Trump Plaza were no longer in the way.Chait said the demolition of the old Coking home, followed by the possible razing of Trump Plaza, appears to be the first step in carrying out those redevelopment plans.“From what I heard, it would be demolished and incorporated into the extension of The Walk,” he said. “They’ve talked about making it more of an entertainment area. I don’t think it’s going to be a casino again.”
http://www.pressofatlanticcity.com/news/icahn-revealed-as-coking-house-s-mystery-buyer/article_4f0d5ce4-6eb3-11e4-84fb-f73f13c741bc.html
“If the union would drop its appeal against the company, we could save the Taj and your jobs,” Robert F. Griffin, chief executive officer of Trump Entertainment Resorts, said today in a letter to Unite Here Local 54. “Without the uncertainty of the union’s appeal, Carl Icahn would agree to keep the Taj open, invest money and increase wages for all full-time Union employees by $2,000.”
Although in this poker game, Icahn's tell might have been that he just bought another property in AC - he's not taking his bat & ball & leaving town so fast
http://www.bloomberg.com/news/2014-11-19/taj-mahal-to-stay-open-if-union-drops-contract-appeal.html
Quote: 7star4nowTaj has 9lives? ...This is some soap opera - or game of chicken:
“If the union would drop its appeal against the company, we could save the Taj and your jobs,” Robert F. Griffin, chief executive officer of Trump Entertainment Resorts, said today in a letter to Unite Here Local 54. “Without the uncertainty of the union’s appeal, Carl Icahn would agree to keep the Taj open, invest money and increase wages for all full-time Union employees by $2,000.”
Although in this poker game, Icahn's tell might have been that he just bought another property in AC - he's not taking his bat & ball & leaving town so fast
http://www.bloomberg.com/news/2014-11-19/taj-mahal-to-stay-open-if-union-drops-contract-appeal.html
The damage is already done and he would almost have to run it as a start-up new casinos to try and draw customers back with new promotions and such.
Quote: 7star4nowTaj has 9lives? ...This is some soap opera - or game of chicken:
“If the union would drop its appeal against the company, we could save the Taj and your jobs,” Robert F. Griffin, chief executive officer of Trump Entertainment Resorts, said today in a letter to Unite Here Local 54. “Without the uncertainty of the union’s appeal, Carl Icahn would agree to keep the Taj open, invest money and increase wages for all full-time Union employees by $2,000.”
Although in this poker game, Icahn's tell might have been that he just bought another property in AC - he's not taking his bat & ball & leaving town so fast
http://www.bloomberg.com/news/2014-11-19/taj-mahal-to-stay-open-if-union-drops-contract-appeal.html
Taj may soon use up all its 9-lives. Recently I dropped by Taj and felt depressed. The whole casino was not busy and lack of decent players. I never saw its baccarat pit closed down completely until that day. Its entrance (the stairway to its pit) was blocked off by a wall of 5 chairs. The business was so slow that the-almighty-Taj offerred $5 blackjack in the low roller pit! The $25 bj pit was almost closed except for a few tables open. Some supervisors saw the writing on the wall, already abandoned ship and got jobs in PA casinos.
I hope the Union gives in and thereby extends Taj's closing date further into 2015.
agree with this:
"Icahn may feel that shutting down the Taj...and remodeling/reopening as another brand may actually work better. He's probably right. So he's making all these crazy demands in an effort to make this happen. If he could break the union/get huge concessions from the city/state, he could then try to apply them to the Trop and or the Plaza. Then he takes complete control and does what he wants. I was there last weekend and you could practically see the tumbleweeds blowing through the place. Starting fresh is probably the only viable option at this point. They've chased away so many of their customers. "
partly based on what's already reality, & admittedly, partly my "conspiracy theory" based on what has already happened.
1.He & Loveman colluding to buy AC Club & reselling w/the deed restriction for non-gaming
2. gets a judge to break the Union @Taj
3.just bought a strategic parcel adjacent to the walk
The upcoming (Jan) CZR bankruptcy could easily result in Ceasars/Ballys AC ownership change and/or another closure.
What if Icahn already cut a deal to gain control of those properties ?
He would own practically the whole Boardwalk Monopoly board .
He could reboot AC on his terms, operating at a fraction of the previous operating costs with enough juice to dictate wages , taxes, govt regs.
He'd be the new Nucky Thompson.
Quote: 7star4nowIcahn - The new Boardwalk Emperor?
agree with this:
"Icahn may feel that shutting down the Taj...and remodeling/reopening as another brand may actually work better. He's probably right. So he's making all these crazy demands in an effort to make this happen. If he could break the union/get huge concessions from the city/state, he could then try to apply them to the Trop and or the Plaza. Then he takes complete control and does what he wants. I was there last weekend and you could practically see the tumbleweeds blowing through the place. Starting fresh is probably the only viable option at this point. They've chased away so many of their customers. "
partly based on what's already reality, & admittedly, partly my "conspiracy theory" based on what has already happened.
1.He & Loveman colluding to buy AC Club & reselling w/the deed restriction for non-gaming
2. gets a judge to break the Union @Taj
3.just bought a strategic parcel adjacent to the walk
The upcoming (Jan) CZR bankruptcy could easily result in Ceasars/Ballys AC ownership change and/or another closure.
What if Icahn already cut a deal to gain control of those properties ?
He would own practically the whole Boardwalk Monopoly board .
He could reboot AC on his terms, operating at a fraction of the previous operating costs with enough juice to dictate wages , taxes, govt regs.
He'd be the new Nucky Thompson.
I think he is too smart for that. Just not enough business to run that many properties. AC, nor he needs that many.
