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The Trump Plaza Hotel and Casino in Atlantic City, New Jersey, was demolished with about 3,000 sticks of dynamite on Wednesday morning, more than three decades after it first opened and about five years after billionaire Carl Icahn acquired it out of bankruptcy.

Why it matters: It was one of the first three casinos former President Trump owned before his Atlantic City businesses went bankrupt, plagued by high debt and lagging revenue, according to the New York Times.

  • The casino was extremely successful for a period, attracting celebrities and high-profile entertainment to the flagship piece of real estate on the Atlantic City Boardwalk.
  • “The way we put Trump Plaza and the city of Atlantic City on the map for the whole world was really incredible,” former casino events manager Bernie Dillon told AP. "You had Madonna and Sean Penn walking in, Barbra Streisand and Don Johnson, Muhammad Ali would be there, Oprah sitting with Donald ringside. It was a special time. I’m sorry to see it go.”
  • By the time it closed, however, the Trump Plaza was the worst-performing casino in Atlantic City.

The big picture: For critics, the pile of rubble left by the implosion is a symbol of the end of the Trump era, following the former president's loss in the 2020 election and his historic impeachment for incitement of insurrection.

  • “I got chills,” Atlantic City's Democratic Mayor Marty Small told AP. “This is a historic moment. It was exciting.”
  • Small had proposed using the demolition as an auction to raise money for charity, but that idea was shut down for safety and liability reasons by Icahn, a Trump donor and former adviser to the ex-president.

Go deeper: Read the New York Times' profile on how Trump made millions while bankrupting his Atlantic City casino

Go deeper

Mike Allen, author of AM
2 hours ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.