Trump Taj Mahal likely to close, billionaire investor says

Published January 08, 2015

Billionaire investor Carl Icahn says Atlantic City's Trump Taj Mahal casino will almost certainly close.

The would-be purchaser of the casino tells The Associated Press that the casino's finances are dire.

He says even though he won't back out of a deal he made with Trump Entertainment Resorts to acquire the Taj and pump $100 million into it, he wishes he never answered the phone when the company first called him about it.

Union members will picket outside the casino Friday night.

Trump Entertainment had threatened to close the Taj Mahal on Nov. 13 if it didn't get a judge to free it from making health care and pension payments for the Taj's 3,000 workers.

The company now promises to keep the casino open at least through November.

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https://www.foxnews.com/us/trump-taj-mahal-likely-to-close-billionaire-investor-says