The Trump Taj Mahal, the last of the Atlantic City gambling palaces to bear Donald Trump’s name, closed its doors at 6 a.m. Monday. Trump boasted of its grandeur when the Taj opened in 1990, but he lost control of the company that owned it in 2004 and more recently tried to have his name taken off the building.
The Taj, at the time of its closing, was owned by billionaire investor Carl Icahn’s Icahn Enterprises. In July, its employees struck over cuts to their health and pension benefits, and Icahn announced a few weeks later that he was closing the casino down.
Atlantic City has been hard hit by the legalization of casino gambling in nearby states, including Pennsylvania and Delaware, and the Taj is the fifth casino to close in the past two years. That means 2,800 more people are out of work and the city has lost another 2,000 hotel rooms.
on NJTV News Online, a content partner of NJ Spotlight.