Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account At its peak, the Plaza hosted world-famous boxing matches, high-profile concerts and celebrity ebents.īoth casino’s failures shadow broader struggles for Atlantic City, with vacationers going to other gambling locales such as Las Vegas or nearby casinos. He said in the lawsuit that Trump Resorts had allowed the Taj and its sister casino, Trump Plaza, “to fall into an utter state of disrepair,” which tainted the “superior reputation” of his brand.īy the time of its closure, Trump owned only the name attached to the Taj, with Icahn controlling the rest. In 2014, Trump sued Trump Entertainment Resorts to take his name off both casinos. It has since reopened under the Hard Rock brand. His most noted property, the Trump Taj Mahal hotel and casino, which he once dubbed “the eighth wonder of the world,” officially closed in 2016 with little fanfare. Trump’s decades-long relationship with Atlantic City has been marked by both grandiose ambition and rocky finances. The strike, composed of more than 1,000 resort workers, is one of the longest strikes in Atlantic City’s 38-year casino history.The remnants of the hotel. Icahn Enterprises, owned by investor Carl Icahn, bought the casino-including the 10 percent stake owned by Trump-after it emerged from bankruptcy in February. Trump resigned as chairman following the company’s bankruptcy in 2009, though he maintained a 10 percent interest in the casino because it retained the name “Trump Taj Mahal.”

The casino was built by Republican presidential candidate Donald Trump, then-Trump Entertainment Resorts chairman, in 1990.

A federal judge permitted the casino to eliminate those benefits in 2014, when Trump Entertainment Resorts filed for bankruptcy. The strike by Unite Here Local 54, a union representing hospitality workers in Atlantic City, began in July in protest of the casino’s lack of health insurance and pension benefits. “Currently the Taj is losing multi-millions a month, and now with this strike we see no path to profitability,” Tony Rodio, president of Tropicana Entertainment, which manages the casino, said in the statement Wednesday. NEWS BRIEF The Trump Taj Mahal Casino in Atlantic City, New Jersey, will close after Labor Day weekend following one month of union strikes, the Press of Atlantic City reports.

Trump's atlantic city casino