Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, once the only major destination for gamblers on the U.S. East Coast, Reuters reported yesterday. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday. It is not clear how long the additional financing from Icahn, who holds the mortgage to the property, could keep the Taj operating. The offer came after the union representing casino workers claimed that Icahn had "gone back on his word" by scrapping a more far-reaching, last-minute deal — signed by both the union and the company — to save the Taj.
