Ten casino atlantic city 220 millin11/16/2023 ![]() ![]() It originally featured 614 rooms, seven restaurants, a 750-seat showroom, and a 60,000 square foot casino. It was a joint partnership between Donald Trump and Holiday Inn’s gaming division Harrah’s. The finances underlying the current dispute are complex. The 210 million Harrah’s at Trump Plaza opened up as the biggest casino in Atlantic City history on May 14, 1984. It was sold months later to Hard Rock International, which gutted it and reopened it as the new Hard Rock Atlantic City in June 2018. It was a 15.3 increase from the same period last year. ![]() The city’s nine casinos generated 211.7 million in GGR, the first January above 200 million since 2013. The union went on strike on July 1, and the casino shut down on Oct. Atlantic City casinos continue to put their COVID woes of 20 behind them, with January marking 12 straight months of more than 200 million in gross gaming revenue (GGR). ![]() The deals avoided what would have been the city’s first casino strike since 2016, when the union rejected demands by billionaire Carl Icahn that the Trump Taj Mahal casino operate without health care and pension benefits that were terminated by a bankruptcy court. In past contracts, the union concentrated on preserving health care and pension benefits, but this time sought what it termed “significant” raises for workers to help them keep pace with spiraling prices for gasoline, food, rent and other living expenses. Yet those same factors were the driving force behind the union seeking a much larger raise than it had in past years the exact amount has not been made public. The settlements come at a crucial time for Atlantic City and its casino industry, which is striving to recover from losses caused by the pandemic and exacerbated by inflation and a labor shortage. ![]()
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