As a result, gaming revenue in the Jersey Shore town plunged 45 percent between 20 to $2.86 billion. My sense is that they would like more time."Ībout two-dozen casinos have been built in recent years within driving distance of Atlantic City, oversaturating the market. "We have talked to people about the sales. "Trump Plaza, by all accounts, needs a significant amount of renovation work," Whelan said in interview. Trump Plaza has struggled for years and might have a better chance attracting a buyer if the sale process wasn't so rushed, says Whelan, who was Atlantic City mayor from 1990 to 2000. He has been quoted in the press as saying he was glad to be out of the business. Real estate mogul Donald Trump hasn't been involved in the day-to-day management of the casinos that bear his name though he retains a small position in them. Trump Entertainment, whose other Atlantic City property is the Taj Majal, declined to comment for this story as did a spokeswoman for Caesar's, the largest Atlantic City casino operator. "While our authority is broad in some respects and our ability to direct business decisions of the casinos is limited under the Casino Control Act, the current circumstances are unprecedented and present novel issues which we have been and will continue to review," Levinson said in a statement.
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