Atlantic City Mayor Wants Former Trump Casino Demolished: Says It’s An ‘Eyesore’

Trump Plaza Hotel and Signage, People Walking By HotelDuring a meeting of the Metropolitan Business & Citizens Association, held at Caesars Atlantic City on Jan. 15, Atlantic City Mayor Marty Small said in a speech that one of his biggest and most important goals for the 2020 year is demolishing the Plaza Hotel. This was a former Trump property.

“My administration’s goal is to tear Trump Plaza down,” Small said. “That’s not accepted in any other city but Atlantic City. It’s an embarrassment, it’s blight on our skyline, and that’s the biggest eyesore in town.”

Mayor Small’s comments came on the heels of Jim Allen’s, Hard Rock International’s CEO, expressed disappointment in the state of the city. Allen confidently asserted that the city is in its “worse shape” since purchasing the Hard Rock property there three years ago. He states the city hasn’t responded swiftly or appropriately enough to growing concerns of the city’s worsening condition, for example, broken streetlights that have remained out for months:

 “When you’re in a resort environment where safety and security is so important, if the city can’t get something fixed as simple as the street lighting, then maybe a change is needed,” Allen said.

Trump Plaza Hotel & Casino was forced to shut its doors in 2014, as the Garden State’s gambling epicenter was hit with an extended bout of weaker traffic. Smalls was tired of the building being seen as nothing more than illegally-discarded trash. Once again, he started asking for the property to be demolished.

He wants his back yard cleaned up and rid of the dead weight, and he wants it now.

Trump Cuts Ties With AC Over a Decade Ago

Trump actually cut most of his ties with Atlantic City in 2009. This was when he sued to have his name removed from the shuttered Plaza building in October 2014, a month after it closed. The last of Trump’s involvement in the city was a small stake in the company. It was in return for the use of his name, but it has since been removed.

There are two other casinos that Trump once owned. Today, they’re currently operating under new brands—the Golden Nugget and Hard Rock. The Golden Nugget used to be the Trump Marina, and the Hard Rock was the former Trump Taj Mahal.

Currently, the Plaza building is owned by billionaire Carl Icahn, who assumed ownership of Trump’s former casino company from bankruptcy in 2016.

Obtaining a Demolition Permit

While the major goal of his administration is to make the building go away is clear, Small didn’t exactly specify who would bear the expense.

Trump Plaza was considered for demolition two years ago, but Icahn has not obtained a demolition permit, as reported by The Press of Atlantic City. Mayor Small’s effort to obtain funding from a state agency toward the cost of demolition failed, but he is putting enforcement in place this time around in an effort to help see his demolition goal succeed in the new year.

Small explained that a new 90-day code enforcement review panel is going to be put in place starting this week, according to The Press Of Atlantic City. Also coming are a business advisory council and infrastructure committee that are designed to help identify opportunities in both of those potential growth areas.

Atlantic City Wants a Piece of NJ’s Sports Betting Revenue

New Jersey has one of the most lucrative sports betting markets in the country. Recently, the Mayor of Atlantic City called for a cut of NJ’s sports betting revenue. It’s here that most sports betting operations take place, after all.

Mayor Marty Small Sr

Sports betting is extremely popular in New Jersey. It’s helping to bring the state millions of dollars every single month. Let’s look at what exactly Atlantic City is now asking for.

Sports Betting in New Jersey Continues to Grow

New Jersey was instrumental in getting the US Supreme Court to strike down PASPA. Lawmakers here accomplished this goal in May of 2018, and shortly after officially approved a bill to legalize both online and land-based sports betting. Before long, every casino in Atlantic City began operating a land-based sportsbook.

These casinos also teamed up with major online sports betting companies to operate their internet sports betting platforms. Now, all Atlantic City casinos have an online sportsbook, too. Over the past year and a half, NJ’s sports betting revenue has increased dramatically.

In fact, for almost all of 2019, sports betting revenue has increased in this state. Certain gambling venues are known to generate more sports gambling winnings. Resorts Atlantic City is well-known for earning the most betting revenue in the city.

Not long ago, New Jersey earned more sports betting revenue than Nevada. It was the first time in history that this happened.

The state is certainly happy with these revenue earnings. Officials within Atlantic City now want their piece of the pie.

Mayor Marty Small Sr. Wants a Cut of NJ’s Sports Betting Revenue

As of now, New Jersey has earned more than $33 million through taxes on the state’s sports betting industry. That’s an impressive figure considering how new this industry really is. Now, the Mayor of Atlantic City is requesting a piece of this revenue.

Mayor Marty Small Sr. has officially asked for a direct cut of NJ’s sports betting revenue. He claims that Atlantic City played a major part in the success of this industry. He wants to see Atlantic City given more power to control the money earned from regulated sports gambling.

“In 14 months, New Jersey has overtaken Las Vegas as the No. 1 sports betting destination, and a lot of it has to with the success of Atlantic City and online,” Marty Small Sr. said. “But we don’t get one penny. … That’s unacceptable.”

The mayor wants to see this sports betting revenue used for property tax relief.

“My first, and foremost goal, as it was as council president and will continue to be as mayor, is more rateables for the city and more revenue streams to offset our taxes,” he said. 

This is certainly a reasonable request. Atlantic City is no stranger to economic hard times. Better control over NJ’s sports betting revenue would help this city in a major way.

September Proves Massively Successful for NJ Sports Betting Operators

It’s no secret that sports betting revenue has been steadily increasing in this city. This is particularly true now that the 2019/2020 NFL season is in full swing. September proved to be the most successful month for the state’s sports betting operators in history.

According to multiple reports, gamblers in the state wagered more than $445 million on sports in September. It’s the most money ever wagered in this state.

Online sports wagers brought in $41.1 million for casinos in September.

James Plousis, chairman of the New Jersey Casino Control Commission, recently commented on this revenue increase to the media.

“While operators continue to face strong competition for gaming and leisure customers, the increase in total gaming revenue shows the industry has grown for the betterment of both Atlantic City and New Jersey as a whole,” he said.

Mayor Marty Small Sr. is pleading his case. We’ll need to wait and see whether or not lawmakers decide to grant Atlantic City a larger share of NJ’s sports betting revenue.

Stay tuned for more updates over the next few months!