Earlier this week rolling out featured an article about the closing of Atlantic City Casinos. The city is suffering a significant downturn in the worsening economy and it was announced that the famous Trump Plaza Casino would also be closing. That means that in nine months, Atlantic City has lost a third of its casinos and 25 percent of its casino workers.
Business tycoon and former presidential candidate Donald Trump has issued a statement basically saying it’s not his fault. The same man who stated he could fix the U.S. economy and could not save his casino is quoted as saying, “I got out seven years ago; my timing was tremendous … I let them use my name, but I have nothing to do with it … Atlantic City has suffered for years. Many mistakes were made by government, tremendous mistakes, including no reinvestment in town; they would take casino revenue and put it in places that had nothing to do with Atlantic City,” Trump told the Associated Press.
Trump now only owns a 10 percent stake in Trump Plaza Casino and will not be hurt by its closing. His other business ventures will mean no significant loss for him and no feeling for the plight of Atlantic City.
