The Taj Mahal (/ ˌ t ɑː dʒ m ə ˈ h ɑː l, ˌ t ɑː ʒ-/; lit. Crown of the Palace, taːdʒ ˈmɛːɦ(ə)l) is an ivory-white marble mausoleum on the south bank of the Yamuna river in the Indian city of Agra. The Trump Taj Mahal casino, opened 26 years ago by Trump, announced Wednesday that it will shut down after Labor Day. The business now belongs to Trump’s friend and fellow billionaire Carl Icahn.
- Taj Mahal Casino Closing Date 2016
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- Trump Taj Mahal Casino Atlantic City
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- Taj Mahal Closing Dates. Taj mahal closing dates How can the answer be improved?Trump Taj Mahal announces it will closeSee & do more with a day-by-day itinerary!Taj Mahal Closing Dates casino slots on mobile las vegas usa casino no deposit bonus 2014 fiesta hotel and casinoThe Trump Taj Mahal may still close, but the date for that shut down has been pushed back until at least December 20.
- Oct 17, 2016 How Trump's Taj Mahal Casino Went From '8th Wonder of the World' to Closure After Years of Losses A construction company owner who worked on the casino said Trump didn't pay him.
- Nov 21, 2016 There have been rumors circulating recently that the Taj Mahal is closing in the next 3 - 5 years. Built in the 17th century by the Mughal Emperor Shah Jahan for his beloved wife Mumtaz Mahal, the Taj took over 22 years and 20,000 men to build.
- This place use to be one of the prime attraction, but now it is poorly maintained as well as its architecture is not much similar to Actual taj mahal:) Read more Date of experience: March 2016.
One of Atlantic City’s iconic casinos has moved back its scheduled closing date to Dec. 20 in what it says is a “last ditch effort” to not be the fifth brick-and-mortar casino in the seaside town to close this calendar year.
Taj Mahal Casino Closing Date 2016
According to the AP, Trump Taj Mahal said in a bankruptcy court filing on Friday:
“The debtors continue to make progress with respect to various efforts that are critical to the success of these chapter 11 cases and their ability to keep the Taj open, and therefore it remains possible that the current proposed closing date for the Taj…will be further extended [past Dec. 20].”
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A bill was introduced into the New Jersey legislature last week that would provide tax assistance to the eight remaining Atlantic City casinos. The Taj also wants help from Atlantic City itself, but that doesn’t appear to be on the table right now.
The remaining Atlantic City casinos “would make payments in lieu of taxes totaling $150 million in each of the first two years, followed by $120 million a year for the next 13 years as long as gambling revenue stays within certain ranges,” according to the AP.
Trump Taj Mahal Casino Latest News
The Taj has said it wants $175 million (for itself) in government aid to stay open.
Billionaire Carl Icahn is looking to buy the Taj if certain financial stipulations are met. Icahn, who also owns the Tropicana, owns a huge amount of the casino’s current debt.
He did say in October that the Taj will “almost certainly” be closing this year.
Trump Entertainment reportedly is still negotiating with its beleaguered union of casino workers who weeks ago saw a court order result in their pension and healthcare plans being terminated. Since then, many have had their hours cut. Trump Entertainment Resorts CEO Bob Griffin recently compared the president of the union to notorious Russian dictator Joseph Stalin.
Trump Entertainment claims that shedding the union contract saves it $14.6 million a year. The union is appealing the bankruptcy court’s decision to dissolve the contract.
The Taj has been featured in a number of movies, including the poker cult classic “Rounders,” in which stars Matt Damon and Edward Norton play a session in the casino’s poker room. With 48 tables, the room is the second largest in Atlantic City behind the Borgata.
Trump Taj Mahal Casino Atlantic City
Roughly 3,000 people work at the Trump Taj Mahal and if it closes 11,000 casino workers in total will have lost their jobs this year. Atlantic City started the year with 12 casinos.