Icahn Enterprises, owned by investor Carl Icahn, bought the casino-including the 10 percent stake owned by Trump-after it emerged from bankruptcy in February. Trump resigned as chairman following the company’s bankruptcy in 2009, though he maintained a 10 percent interest in the casino because it retained the name “Trump Taj Mahal.” The casino was built by Republican presidential candidate Donald Trump, then-Trump Entertainment Resorts chairman, in 1990. A federal judge permitted the casino to eliminate those benefits in 2014, when Trump Entertainment Resorts filed for bankruptcy. The strike by Unite Here Local 54, a union representing hospitality workers in Atlantic City, began in July in protest of the casino’s lack of health insurance and pension benefits. “Currently the Taj is losing multi-millions a month, and now with this strike we see no path to profitability,” Tony Rodio, president of Tropicana Entertainment, which manages the casino, said in the statement Wednesday. NEWS BRIEF The Trump Taj Mahal Casino in Atlantic City, New Jersey, will close after Labor Day weekend following one month of union strikes, the Press of Atlantic City reports.
