Trending

Formal petition filed to close Trump Taj Mahal casino

/ AP

Louisiana flood losses could reach $15B, and other MoneyWatch headlines

ATLANTIC CITY, N.J. - Billionaire Carl Icahn’s management team is asking New Jersey gambling regulators for permission to shut down the Trump Taj Mahal casino next month.

His team has filed a formal petition asking the New Jersey Division of Gaming Enforcement for permission to close the casino and to approve plans to wind down table games, disconnect slot machines, store unused liquor and destroy cards, dice and gambling chips.

The petition indicates the billionaire is serious about closing the Taj Mahal. He says it’s losing millions of dollars a month while the city’s main casino workers’ union carries out a strike against it.

The Taj Mahal plans to close at 6 a.m. on Oct. 10. But it will begin winding down some table games on Sept. 26.

© 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.