Hard Rock International said that it plans to renovate and reopen the shuttered Trump Taj Mahal casino in Atlantic City, New Jersey, at a total cost of $300 million including the purchase of the property, Bloomberg News reported on Friday. Hard Rock, a casino and restaurant operator controlled by the Seminole Tribe of Florida, will be majority owner of the rebranded Hard Rock Hotel & Casino Atlantic City in partnership with the Morris and Jingoli families, according to statement late Wednesday. The group acquired the property this week from billionaire Carl Icahn, who is whittling down his holdings in the gambling market. The new owners plan a complete remodel and rebranding of the property, which is located on 17 acres along the Atlantic City boardwalk. They said that the renovation would create 3,000 local jobs. The remodeled property could be opened by the spring of next year, according Jim Allen, chairman of Hard Rock International.
