Owners of Trump Plaza Casino Expect It Will Close

My wife read on-line that there is a group that wants the Revel and the Showboat to create a Linq type of property similar to the one in Las Vegas. The deal is contingent on the creditors accepting their offer. It is reported the property will be non-gaming.

The Trump closes today.

These hotels cannot make a go of it Thursday to Monday and all summer? It is hard to imagine these just siting empty and collecting dust.

Most likely too big but possibly a good deal to be had for a timeshare company.

Those hotels are ALL north of Wyndham Skyline Tower and are north of the LAST casino on that section of the Boardwalk --- that last casino still open is Resorts -- which was the FIRST casino opening in Atlantic City (in an original OLD hotel). Merv Griffen remodeled the old hotel and opened the ballroom and dining hall as the casino. Built a parking structure across the street from where Skyline Tower now sits.

There is NOT any close by or walk to casino as there a 2 casinos on the BAY (across the island) and several up by the bridge onto the barrier island closer to the convention hall and the Amtrak train station (maybe a mile south on Atlantic Ave).

When the Revel was under construction --- I walked north on the Boardwalk --- it was a long COLD walk with the wind coming off the ocean and beach. I thought WHO would build such an expensive and BIG building so far from everything else (like the shows at Showboat & the Taj) ... It was so isolated -- even the abandon houses off the beach block were GONE (flat lots). You could not buy a candy bar with 1/2 mile walk - if you did NOT buy it in the Revel construction site's lunch trucks (or the finish building).

SO, turning the Revel into a timeshare --- not going to happen or even traditional condos at the beach. There is TOO much public space - like 7 story lobbies, outdoor pools covering 20,000 sq ft of the 7th floor roofs, 4 story escalators. I got scared riding the escalators; I did NOT want to even go into those glass walled elevators.

PS I do NOT like the walkways on the Wyndham Ocean Blvd units either.

Believe I read someplace there was talk of converting the Revel and maybe others into commercial / office space. No idea how serious that was, of just somebody's idea of what to do with the space...

In warm weather the walk from Resorts, Trump Taj and Showboat to Revel is a nice walk. In cold weather not so much but then again in cold weather walking anywhere on the boardwak isnt ideal. I dont believe the location of the Revel was ideal, but it wasnt the biggest problem. I have been there several times, including shortly after it opened. One big negative I saw was the design of the entrance from the boardwalk. There was nothing there to draw you in. You entered to a giant lobby with escalators going up but nothing was in view from the lower level to make you want to take the time to go up.

Restaurant prices were ridiculous for Atlantic City. My wife and I sat at a bar inside Revel and they served us $8 draft beers in plastic cups. A $14 cheese plate came on a paper plate with plastic forks and a whopping three slices of cheese.

Room prices were also ridiculous. During the week when Showboat, Trump Taj and Resorts had rooms for $69-$89, Revel was generally double the price.

The Trump Taj is the most northern casino that is still open though there is a chance it may close in November. If it does close, the decrease in pedestrian traffic may cause trouble for Resorts and the fairly new Margaritaville and Landshark restaurants.

That Trump Plaza closed was no surprise. That place has been going downhill for years, especially since it was almost sold a couple years ago for only $20 million.

The big surprise to me was the Showboat closing. It was still profitable and with the closing of Revel and Trump Plaza it is likely that profits would increase but they chose to close it anyway. I'm going to miss Showboat, had some good times there. Hopefully Trump Taj can make it out of bankruptcy.

gmarine said:

....The Trump Taj is the most northern casino that is still open though there is a chance it may close in November. If it does close, the decrease in pedestrian traffic may cause trouble for Resorts and the fairly new Margaritaville and Landshark restaurants.

That Trump Plaza closed was no surprise. That place has been going downhill for years, especially since it was almost sold a couple years ago for only $20 million. AGREE!

The big surprise to me was the Showboat closing. Not to me -- the crowds of people were not big spenders, the seafood buffet in April as a draw for the bus traffic, and the public areas were thread bare and old. It was still profitable and with the closing of Revel and Trump Plaza it is likely that profits would increase but they chose to close it anyway. I'm going to miss Showboat, had some good times there. AGREE, but no money had gone into it for years. Hopefully Trump Taj can make it out of bankruptcy.

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Added my comments in BOLD and DARK red.

I usually go down to AC 2 or 3 times a year - last went late April, 2014 with my elderly aunt and a sister. Stayed at Skyline Towers ... nice weekend. Low key. We walked the Boardwalk twice - and took the Jitney to the lighthouse. We were at the lighthouse long enough for my sister to climb all the steps - and were the ONLY guests during that time. It was a bright and sunny day - a good picture day. And still we were the only visitors while we were at the Lighthouse.

No money has gone into the Trump Taj for years and its just as old and worn as Showboat, if not more, which is why I'm surprised Showboat closed while being profitable. Hopefully the Trump Taj isnt going next. As dated as it is I love staying there in the 1200 sq ft Grand Suites overlooking the beach for $169. Then again, I hope they dont get too profitable and raise those prices.

How about turning one of these into a retirement home? It has a lot of upside.

Very hard to imagine all of these casinos will stay empty but also hard to imagine that they would close and Revel would even be built. I remember the big plans that were in place for badger field.

The opening of casinos in PA was the last nail in the coffin for AC. Why go 3 hours to AC when there was now a casino within 45 mins? Even though the PA casinos were slot only in the beginning, everyone knew it was only a matter of time before table games were allowed. Most of PA casinos are brand new and some like Mt. Airy are full resorts. They are a pleasure to visit.

Pat H said:

The opening of casinos in PA was the last nail in the coffin for AC. Why go 3 hours to AC when there was now a casino within 45 mins? Even though the PA casinos were slot only in the beginning, everyone knew it was only a matter of time before table games were allowed. Most of PA casinos are brand new and some like Mt. Airy are full resorts. They are a pleasure to visit.

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Yes, and when I was there over a year ago ... the big buses for the day trippers were NJ Buses and NJ Senior Centers ... and I said to my Texas sister, "LOOK ... NJ state vehicles whose drivers are NJ State employees on the clock --- WT crap are they driving across state lines --- they should have gone to AC??? Not the Poconos!"

Icahn: Senate Leader 'Selling Out' Atlantic City - by Wayne Parry/ Assciated Press/ ABCNews.com

"Carl Icahn accused New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City, while the legislative leader said the state wouldn't give the billionaire investor the tax breaks he is seeking..."

Richard

The Revel was purchased in bankruptcy by the same company that owns The Atlantis and Hard Rock casions (Brookfield US Holding). They do plan on reopening as a casino but the sale is being contested in court by another bidder.

The Taj filed to close December 12. My favorite casino in AC.

The Taj will remain open for now.