Property expected to close on October 10
Carl Icahn files formal petition to shut down Trump Taj Mahal
Billionaire Carl Icahn’s management team is asking New Jersey gambling regulators for permission to shut down the Trump Taj Mahal casino next month.
2016-09-12
Reading time 29 seg
Billionaire Carl Icahn’s management team is asking New Jersey gambling regulators for permission to shut down the Trump Taj Mahal casino next month.
His team has filed a formal petition asking the New Jersey Division of Gaming Enforcement for permission to close the casino and to approve plans to wind down table games, disconnect slot machines, store unused liquor and destroy cards, dice and gambling chips.
The petition indicates the billionaire is serious about closing the Taj Mahal. He says it’s losing millions of dollars a month while the city’s main casino workers’ union carries out a strike against it.
The Taj Mahal plans to close at 6 a.m. on October 10. But it will begin winding down some table games on September 26.
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