Union workers at the Trump Taj Mahal received good news as they discovered they will not lose health care coverage at the end of the week. Also, Trump Entertainment continues their mad dash for cash as they are looking to sell off the last of their slot machines.
Earlier this month, Trump Entertainment was allowed to discontinue health care coverage and pension payments for union employees. Those benefits were to expire at the end of this month. Fortunately, the union has stepped in and will extend Taj employee health care coverage through the end of the year.
The Press of Atlantic City reported on the Unite Here Health announcement on Tuesday that health care coverage for Taj employees will be extended through December because of “unprecedented times in Atlantic City.” The announcement came just in time for union workers who were scheduled to lose their health care coverage on Friday.
The move is pretty much a short-term stopgap for employees regardless of what happens to the Taj. If the property remains open, union workers will be forced to find their own coverage starting January 1. Should the property close, over 3,000 employees at the Taj would lose their job, including over 1,000 union employees.
Trump Plaza Selling Off Slot Machines
Trump Entertainment has been scrambling to raise as much money as possible to extend the life of its company. It has already reportedly resorted to selling used mattresses and televisions from the defunct Trump Plaza. It now appears that slot machines are next.
According to Gaming Today, Trump Entertainment is asking the Delaware court handling their bankruptcy to give them permission to sell off the last of their slot machines. The company has 353 machines remaining and is looking to sell them to Patriot Gaming & Electronic. The sale will generate around $150,000.
Trump Entertainment has been struggling to keep the Trump Taj Mahal open and is currently able to keep the property open through November. Unless a last minute deal falls into place, the property will likely close sometime in December.
Upon filing bankruptcy, Trump Entertainment claimed that the company would run out of money sometime in December.