Regardless of who's or what is to blame, the closing of the grand casino resort is a blow to the already struggling town that itself has teetered on the brink of bankruptcy since 2015.
Yet despite plans to invest $100 million in renovations, Icahn said the recent month-long strike by union workers employed by the resort was to blame for the casino’s closure, according to the Press of Atlantic City.Ĭritics and employees say Icahn is just pointing fingers. Four casinos shuttered within that year, all but ending the resort town’s history as the ritzy gambling mecca of the Mid-Atlantic.īillionaire owner Carl Ichan bought Donald Trump’s remaining 10 percent ownership stake of Trump Taj Mahal in January 2016, saving the casino resort from bankruptcy. Yesterday’s announcement makes the casino, once dubbed the 'eighth greatest wonder in the world,' the fifth to close in Atlantic City since 2014.
