The Taj, which had been a part of the city’s casino scene since 2014, was the fifth to shut down in 2015. More than 2,800 employees lost their jobs as a result of the closure. The property was closed as a result of a labor dispute between Unite Here Local 54 and Carl Icahn, the property’s owner. It was argued that the casinos’ deterioration was a violation of their licensing agreement.

The Trumps had filed a lawsuit to have their name removed from the Trump Taj Mahal casino. It cost nearly a billion dollars to construct, which Trump called the “8th wonder of the world.” In 2009, and 2010, the Trump Entertainment Resorts earned $400,000 and $500,000 from vendor royalties. Icahn tried to revive the property and spent $100 million in an attempt to do so, but he abandoned it in August. The property was purchased by Hard Rock International in 2017 and reopened in 2018 as the Hard Rock Hotel & Casino Atlantic City.Ĭarl Icahn, the billionaire investor who bought the Trump Taj Mahal for $ 4 cents on the dollar, sold it to the Seminole Indians of Florida. The Trump Taj Mahal in Atlantic City was shuttered in 2016 after years of financial struggles. What Happened To Trump Taj Mahal In Atlantic City? It was the first of four bankruptcy court appearances for Trump’s casino operations. With the Taj’s bankruptcy filing for the next year, hundreds of millions of dollars in debt were erased. It was forced to pay down its bonds with junk bonds because Trump could not afford to do so with gaming profits. Almost immediately after its opening in 1990, the Taj had financial difficulties. In a statement, Icahn expressed his sadness at the Taj Mahal’s closure, calling it a sad day for Atlantic City and for the 3,000 workers who work there. It was taken over by financier Carl Icahn several days ago. On Monday morning, the Trump Taj Mahal closed its doors just before 6 a.m. While there are no plans to reopen the Taj Mahal, the property is still standing and is now being used as a hotel. However, the casino has since closed its doors for good. The Taj Mahal in Atlantic City was once one of the most iconic casinos in the city.

Trump casino atlantic city closed