4, about a week before the casino is to close. A hearing on the request for an alternate plan is scheduled for Dec. Bankruptcy Judge Kevin Gross in Wilmington, Del., to terminate the company’s exclusive right as a debtor to file a reorganization plan so the committee could file its own liquidation plan. Meanwhile, Trump Entertainment’s committee of unsecured creditors asked U.S. Chris Christie is recommending ways to help the city and its remaining casinos, including tax relief, additional aid and an emergency manager to help tame the city’s finances. Last year they were $2.86 billion, and they will be significantly less than that this year.Ī panel appointed by Gov. When the first Pennsylvania casino opened in late 2006, Atlantic City’s annual casino revenues were $5.2 billion. Atlantic City has been caught in an eight-year downward spiral caused mainly by the proliferation of casinos in neighboring states.
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