The New Jersey Casino Control Commission said yesterday that it would allow investor Carl Icahn own the Trump Taj Mahal in Atlantic City, the Philadelphia Business Journal reported today. The state gambling regulators are allowing Icahn, who already owns the Tropicana Casino and Resort, to acquire the troubled Taj Mahal from bankruptcy court. The billionaire will be taking $292 million of parent company Trump Entertainment Resorts’ debt and put it toward ownership of the company. He will invest as much as $100 million to keep the property open after bankruptcy.
