Trump Taj Mahal Casino Shutting Down
On Aug 3, 2016The Trump Taj Mahal casino in Atlantic City is poised to be shut down after Labor Day, amid reported substantial profit losses and an ongoing union strike.
The casino’s closing is expected to affect approximately 3,000 workers, and adds to Atlantic City’s overall documented fiscal woes and gaming-related declines.
Of note, while the “Trump” name appears on the casino, the presidential candidate is no longer an owner; the casino is instead owned by Icahn Enterprises.
In broad terms, Atlantic City has seen a decrease in casino-related revenues due to competition from other locales. Over a period of several years, Showboat, Trump Plaza, Revel and Atlantic Club were closed, as well.
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