New Delhi: The Atlantic City casino, Trump Taj Mahal, is shutting down after multiple bankruptcies and years of losses. The casino will shut after Labour Day weekend.
The strike by the Atlantic City’s main casino workers union will be the longest in Atlantic City’s 38-year casino history.
According to the statement by Tropicana Entertainment’s CEO Tony Rodio, The Taj is currently losing multi-million a month.
“Currently the Taj is losing multi-million a month, and now with this strike, we see no path to profitability,” Rodio said. “Unfortunately, we’ve reached the point where we will have to close the Taj after Labor Day weekend.”
Trump Taj Mahal’s closure will leave only seven casinos in Atlantic City. The casino workers union was protesting over the restoration of the health insurance and pension benefits.
Founded by the business tycoon and Republican presidential nominee Donald Trump, the casino was billed as the “eighth wonder of the world” when it opened 26 years ago.