Investor Carl Icahn has agreed to sell the shuttered Trump Taj Mahal casino to Hard Rock International and two New Jersey real estate families, the buyers said, under a $300 million plan to acquire, renovate and reopen the Atlantic City gaming hall.
Billionaire investor Carl Icahn, seemingly frustrated by legislation that would have stripped him of his casino license, says he will sell the shuttered Trump Taj Mahal in Atlantic City.
The owner of the shuttered Trump Taj Mahal in Atlantic City is reportedly seeking to give up its gaming license, a move that comes as lawmakers push to impose a five-year suspension on the operator in the wake of the casino’s closure.
A bill that is headed to Gov. Chris Christie’s desk would impose a five-year casino license suspension on billionaire investor Carl Icahn, who owns the shuttered Trump Taj Mahal in Atlantic City.
A developer has proposed building a 21-unit residential complex at what is now a repair shop in Jersey City’s Heights section, according to a published report.
The Trump Taj Mahal Casino Hotel in Atlantic City was set to close early Monday morning, becoming the fifth gaming hall in the resort town to shut down in less than three years.
The defunct Revel casino in Atlantic City has a new name and a new management team.