The Atlantic City casino industry implosion continues. Following the second, and final, bankruptcy of AC's "state of the art" Revel Casino a month ago, as well as the shuttering of Atlantic Club hotel Casino and the Showboat hotel casino, the grim corporate reaper has come for one of the most prominent boardwalk casinos of all: Trump Plaza.
ATLANTIC CITY, N.J. — When it opened just over two years ago, many people hoped Revel would save Atlantic City’s struggling casino industry, which has been bleeding money and jobs for years.
But now the US$2.4 billion resort that was widely seen as the last, best chance for Atlantic City’s gambling market is shutting down, unable to find a buyer for even pennies on the dollar.
US premium cable TV provider HBO announced that the next season of award-winning prohibition-era show "Boardwalk Empire" will be its last. "The final call for drinks on the Boardwalk comes this fall," program makers announced on the Twitter feed of the show, starring Steve Buscemi as a politician-gangster in charge of Atlantic City.
A raging fire spewing fist-sized embers engulfed much of an iconic Jersey shore boardwalk Thursday, destroying more than 50 businesses and undoing months of rebuilding efforts after the inundation of Superstorm Sandy.
Workers joined the fire in tearing into the boardwalk — a last-ditch effort to rob the inferno of fuel that helped preserve what was left of the economic lifeblood of Seaside Park and Seaside Heights.