Billionaire Carl Icahn reached an agreement to sell the now-closed Taj Mahal Casino to a group of investors led by Florida-based Hard Rock International (HRI) for a reported $300 million.
According to The Press of Atlantic City, the casino will be rebranded to the Hard Rock Hotel & Casino Atlantic City, growing the number of casinos in Atlantic City, New Jersey, from seven back to eight.
The number of casinos was temporarily reduced to seven after the Trump Taj Mahal closed its doors in October 2016 putting over 2,000 employees out of work.