Trump Taj Mahal casino in Atlantic City to shut down

August 04, 2016 02:14

The Trump Taj Mahal casino will shut down after Labor Day, the victim of the longest strike in Atlantic City's 38-year casino era.

The closure of the casino opened by Republican presidential nominee Donald Trump but now owned by his friend and fellow billionaire Carl Icahn will cost about 3,000 workers their jobs, and reduce the number of casinos in Atlantic City to seven.

Those job losses will be in addition to 8,000 workers who lost their jobs when four Atlantic City casinos closed in 2014.

And the bloodletting may not be over yet: Voters will decide in November whether to permit two new casinos in northern New Jersey just outside New York City, a development that would likely lead to additional casino closures in Atlantic City.

Tony Rodio, president of Tropicana Entertainment, which runs the Taj Mahal, said management decided today it can no longer operate a money-losing property in the midst of a strike.

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