Trump Taj Mahal to close after 26 years

Donald Trump's Trump Taj Mahal casino in Atlantic City is closing after 26 years.

Donald Trump opened his Trump Taj Mahal casino 26 years ago, calling it "the eighth wonder of the world.''

But his friend and fellow billionaire Carl Icahn is closing it on Monday morning, making it the fifth casualty of Atlantic City's casino crisis.

The sprawling Boardwalk casino, with its soaring domes, minarets and towers built to mimic the famed Indian palace, will shut its doors at 5.59am, having failed to reach a deal with its union workers to restore health care and pension benefits that were taken away from them in bankruptcy court.

Nearly 3000 workers are losing their jobs, bringing the total jobs lost by Atlantic City casino closings to 11,000 since 2014.

The union went on strike July 1, and Icahn decided to shut the place down a little over a month later, determining there was "no path to profitability."

The Taj Mahal will thus become the fifth Atlantic City casino to go out of business since 2014, when four others, including Trump Plaza, shut their doors.


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Source: AAP


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