The Trump Taj Mahal in Atlantic City continues to be set to near Oct. 10, as billionaire casino boss Carl Icahn last week rejected a union bid to maintain the valuables open, in keeping with a report from the Associated Press.
The casino had just re-opened its storied poker site in May after emerging from Chapter 11 bankruptcy protection.
More than 3,000 jobs can be lost when it closes. The report said that Icahn, who also owns the Tropicana in Atlantic City, has yet to formally ask New Jersey gambling regulators for permission to do so.
In early July, Atlantic City’s main casino workers union went on strike against the casino over medical insurance and pension benefits. The strike eventually ended in Icahn deciding to stroll clear of the valuables he acquired for $300 million through Chapter 11 bankruptcy this year.
Icahn’s acquisition burnt up the small ownership stake that Donald Trump still had within the casino’s parent company. Icahn says he has lost $100 million at the Taj.
Through the primary six months of 2016, the Taj Mahal won $85,180,273 from gamblers, a year-over-year decrease of 3.6 percent from $88,406,362.
The Taj’s closing will leave Atlantic City with just seven casinos.
Read More... [Source: CardPlayer Poker News]
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