when did trump regain atlantic city casino

Less visible repairs include fixing leaks in a roof. Icahn will wait until the referendum to commit to spending that much money on a casino that could be at an even worse competitive position with new in-state rivals.īut he has authorized $15 million for immediate repairs on things guests will immediately notice, like 250 new slot machines, reactivating lights and water fountains that had been turned off for years, reopening a poker room, and offering live entertainment every night in its re-done Ego lounge. New Jersey voters will decide in November whether to authorize them. “We want to let the world know that we are open for business and we’re not going anywhere,” said Tony Rodio, president of the Icahn-owned Tropicana casino, which now runs the Taj Mahal as well.īut almost as soon as Icahn took over in March, he wavered on investing the full $100 million, spooked by the prospect of two new casinos in the northern part of the state. Icahn rescued the Taj Mahal by keeping it afloat during its Chapter 11 case and pledging to invest $100 million once he got control. The name on the front still reads “Trump,” but a different flamboyant billionaire now wants to make the Taj Mahal casino great again.Ĭarl Icahn isn’t sure whether he’ll spend the $100 million he promised to spruce up the struggling gambling hall opened in 1990 by Donald Trump, who hailed it as “the eighth wonder of the world.”īut there are certain things the new owner is doing right away to make the casino a place of his own.įirst is healing the damage that the casino’s reputation incurred during a prolonged near-death experience as it languished in bankruptcy court and repeatedly threatened to close over the last year and a half.

When did trump regain atlantic city casino