WILMINGTON, DEL. (AP) - The parent company of Atlantic City's Trump Taj Mahal is asking a bankruptcy court judge to let it terminate its union contract.
WILMINGTON, DEL. (AP) — The parent company of Atlantic City's Trump Taj Mahal is asking a bankruptcy court judge to let it terminate its union contract.
Trump Entertainment Resorts says it needs relief from pension and health insurance costs in order to keep the casino open past mid-November.
A judge in Delaware will hear the request Tuesday morning. But it's not clear whether a decision will be made that day.
The company says it needs big union concessions and massive tax breaks from Atlantic City and New Jersey — both of which have already rejected the demand.
If the judge rules against the company, it could decide fairly quickly to shut down the Taj Mahal, its lone remaining casino.
It would become the fifth of Atlantic City's 12 casinos to close this year.