Icahn: Trump Taj Mahal “Will Almost Certainly Close”
Billionaire investor Carl Icahn says Trump Taj Mahal "will almost certainly close."
In an interview with The Associated Press earlier tonight, Icahn says the casino's finances are dire. Icahn said that even though he won't back out of a deal he made with Trump Entertainment Resorts to acquire the Taj Mahal and pump millions of dollars into it, he wishes he never answered the phone when the company first called. Icahn said,
"One overriding fact is perfectly clear: The Taj is quickly running out of money and will almost certainly close. Reprehensibly, the union, instead of working with, and trying to help, the company to keep the Taj alive, is instead doing everything to destroy the possibility of saving the jobs of over 3,000 employees. I will not walk away from what I agreed to with the company, but I must admit I wish I never took their phone call."
Local 54 of the Unite Here union is planning to protest a court-ordered termination of employees' health care and pension plans outside of the casino Friday night. Trump Entertainment has declined to comment. The company now promises to keep the casino open at least through November.