He sued his own company to take his name off the casinos because the casinos did not meet his reputation and had fallen into a poorer conditions than he would have liked.Īccording to CNN, five other casinos have closed in Atlantic City since 2014, including Trump Plaza. CNN reported that the union workers were able to make deals with four other casinos in the city, including another that Icahn owned.ĭonald Trump stepped down as chief executive officer over a decade ago, unloading the 17-acre (and over $1 billion to build) casino in 2009, according to Vanity Fair.

“Despite our best efforts, which included losing almost $350 million over just a few short years, we were unable to save the Taj Mahal,” Icahn said in a statement Monday.

10.ĭespite our best efforts, which included losing almost $350 million over just a few short years, we were unable to save the Taj Mahal. In the casino’s final days, the controller was Carl Icahn, who told CNN it was a “sad day for Atlantic City.” After being unable to make an agreement with the striking union workers, Icahn couldn’t afford to run the casino, and so 3,000 workers lost their jobs instead with its closure just before 6 a.m. Two months later, a worker’s strike appeared to be the last straw for the casino. The opening of the Borgata Casino in 2003 began the downfall of the Taj poker room, with poker rooms in Connecticut (with Foxwoods Casino taking some of the New York market), Pennsylvania, Delaware and Maryland accounting for the rest of the poker room’s usual action.Īfter closing for renovations in February 2015, the Taj Mahal opened back up in May. Poker Championship in 1996 where top players laid down $10,000, making it the first tournament on the East Coast to match the financial caliber of the World Series of Poker. According to the Associated Press, it was made into a popular destination after the U.S. The casino opened in 1990 after poker became legal in New Jersey.

Atlantic city casino closing list