Taj Mahal to Stay Open

Though a deal between casino workers and Carl Icahn fell through, he will provide $20 million to keep the Taj open.

NJ Spotlight News | December 18, 2014

Although a deal between casino workers and Carl Icahn reportedly fell through, the Trump Taj Mahal will remain open, according to NJ.com.

Icahn has said he will provide up to $20 million to keep the struggling casino open through bankruptcy proceedings. The Taj Mahal was scheduled to close Saturday.

Earlier today, NJBIZ reported that a deal brokered between Icahn and the casino workers union fell through.

“We thought that we had come to an agreement with all parties that would resolve all of the issues with the Taj Mahal,” McDevitt said in the statement. “We signed it, and the Trump CEO signed as well. At noon today, we were told that Carl Icahn had gone back on his commitment and would not enter into the agreement. This is what we have been dealing with for some time now at this property. We are disappointed that Mr. Icahn’s whims are going to add to the feelings of uncertainty and instability that the workers have had to live with and have to endure during this holiday season and beyond.”

Four other Atlantic City casinos have closed recently.