The casino at the time was the largest ever built. “ might pass in 30 days,” the source said.ĭonald Trump in 1988 bought the rights to the casino that cost nearly $1 billion to build - and when it opened in 1990, the bombastic builder billed it as the Eighth Wonder of the World. If the bill passes, the 26-year-old Taj might have coughed up its last slot machine payout. However, there is strong momentum in the New Jersey legislature to pass a union-supported bill that would make it financially difficult to close and reopen a casino, a Republican legislative source said. There is speculation that, after failing to reach a deal with the Unite Here union, Icahn plans to reopen the money-losing casino as a non-union facility. “Today is a sad day for Atlantic City,” Icahn said in a statement, referring to the 3,000 workers who are losing their jobs. Carl Icahn on Monday shut down the Trump Taj Mahal casino, bringing a formal end to an era of lost opportunity.
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