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Trump Taj Mahal Closes Its Doors in Atlantic City

Submitted by jhartgen@abi.org on

Donald Trump called it the Eighth Wonder of the World, but the Trump Taj Mahal closed its doors yesterday just before 6 a.m., CNNMoney.com reported yesterday. Donald Trump himself no longer owned anything more than the name attached to the Taj's grandiose neon minarets. In its last days, the casino was controlled by the financier Carl Icahn. Icahn called it a "sad day for Atlantic City" and for the 3,000 workers at the Taj. But he said he couldn't reach an agreement with striking union workers and could no longer run the casino without hemorrhaging money. The union, representing about 1,000 of the Taj's workers, reached deals with four other casinos in the city just before the Independence Day weekend, including another casino owned by Icahn. But Taj workers went on strike July 1. The Trump Taj Mahal had been in trouble for years, along with the rest of cash-strapped Atlantic City, where five casinos have closed since 2014, including Trump Plaza. Of the seven that remain, two, Bally's and Caesar's, have filed for chapter 11 protection.