Trump Plaza Casino in Atlantic City expected to close down in September

Atlantic City's crumbling casino market has disintegrated even further, with the owners of the Trump Plaza casino expected to shut it down in mid-September.

Trump Entertainment Resorts said no final decision had been made on the Boardwalk casino, but the company expected the casino to close its doors on September 16. Notices warning the casino's more than 1,000 employees of the expected closure will go out today.

If Trump Plaza closes, Atlantic City will have lost a third of its casinos and a quarter of its casino workforce in less than nine months. The Atlantic Club closed in January, the Showboat is closing next month and Revel might do likewise if a buyer can't be found in bankruptcy court.

Trump Entertainment Resorts said that its managers and board "have been reviewing alternatives for the property. Although this review has not been completed and no final decision has been made, the company expects that it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014."

An industry source said the company had hired a search firm to solicit buyers for Trump Plaza, but so far no buyer has emerged.

The company did not indicate what might become of the building after it closed.