Everything Must Go In Trump Taj Mahal Fire Sale

Posted By Bart Shirley on July 8, 2017 - Last Updated on July 10, 2017

[toc]At 10 a.m. on July 6th, the closed Trump Taj Mahal Hotel and Casino began selling its assets to the public. A small group of about a dozen buyers waited in line when National Content Liquidators declared the sell-off open for business. Soon, hundreds of shoppers poured through the doors.

The items that sold quickest were the televisions from the hotel rooms. In some cases, sets sold for only $50.

Other hot-ticket items included the poker tables from the iconic poker room. Shoppers could grab one of these items for a mere $550 – cheap for a professional-level poker table, especially one that comes with such an interesting history.

Everything in the casino must go

The sale runs for 60 days. Donald Hayes, who is overseeing the sale, guarantees the casino will sell every item. This statement includes some of the more extravagant pieces. Even the chandeliers are available for purchase.

One category of items unavailable for purchase was anything with the Trump name on it. These objects were removed because of Donald Trump’s election as President of the United States.

Another group of items that was not on the sales floor was the slot machines and table games. It is unclear whether these items will be reused by the new property owners, or simply destroyed for security purposes.

Hard Rock Hotel and Casino moving in ASAP

The sale marks a sad ending for what was one of the most recognizable Atlantic City casinos. The poker room was one of the more well-known rooms in the country, and was featured prominently in the movie Rounders. The casino’s sign served as the backdrop for 2001’s Ocean Eleven.

However, the incoming Hard Rock Hotel and Casino has no time for being sentimental. The new property’s scheduled opening date is Memorial Day 2018. This timeframe means that the entire hotel and casino must be cleared and renovated completely in eleven months.

The renovations are expected to cost $550 million dollars. However, the new hotel and casino will generate 1,000 construction jobs and 3,000 permanent positions in Atlantic City.

Atlantic City is showing signs of life

This estimate, if accurate, is more welcome news for a city that has struggled economically for years.

In April, the city unveiled a budget that included the first tax decrease in a decade. This budget came because of the state’s takeover of the city’s finances.

Such measures were necessary after city officials incurred $500 million dollars of debt. Even as the city resisted the state’s overtures, it could not produce a budget that did not further increase the debt load.

However, the new budget breathed new life and optimism into the region. The Hard Rock’s purchase and renovation are evidence of that newfound sense of positivity about Atlantic City.

So, though the final death march of the Taj is sad, things are looking up in America’s Playground.

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Bart Shirley

Bart Shirley is a writer and poker player from Houston, Texas. When he's not teaching high school math and business, Bart writes about the NJ online casino industry and US online poker. He has a master's degree in business administration from Texas Christian University and a degree in English from Texas A&M.

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