1990 Michael Jackson attends the Grand Opening of Trump Taj Mahal Casino Resort
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Trump Entertainment Begins Race To Save Atlantic City Casino
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Published on 10 Sep 2014
Trump Entertainment Resorts received U.S. Bankruptcy Court approval on Wednesday for an agreement that gives it 30 days to craft a cost-cutting turnaround plan to save its Taj Mahal casino-hotel from liquidation. A lawyer for Trump Entertainment said after the hearing in Wilmington, Delaware, that the company could present a plan to end operations. The company plans to close the smaller of its two casinos, the Trump Plaza, next week. It will become the fourth casino-hotel to close in the New Jersey seaside resort this year. Gaming revenues in Atlantic City have fallen by about half over the past eight years as neighboring states legalized slot machines and table games.