Atlantic City’s Trump Taj Mahal casino, owned by Carl Icahn, will close at the end of the summer, the billionaire investor’s company said on Wednesday. “The great dealmaker would rather burn the Trump Taj Mahal down just so he can control the ashes,” McDevitt said in a statement. Atlantic City Mayor Don Guardian said in a statement that it is “unfortunate and disappointing” that no resolution has been found to keep the Taj Mahal open. Four of its 12 casinos remain shut after closing in 2014, though one of them reopened as a hotel only. “Currently the Taj is losing multimillions a month, and now with this strike, we see no path to profitability,” Tony Rodio, chief executive of Tropicana Entertainment Inc, said in a statement.

Source: Huffington Post August 03, 2016 21:00 UTC