The Trump Taj Mahal, originally founded by Republican presidential candidate Donald Trump for a cost of $1 billion, yesterday announced that it will be closing its doors following Labor Day Weekend in early September.
The property is owned by billionaire Carl Icahn's Icahn Enterprise and operated by Tropicana Enterprises who in a statement blames the shutdown on the ongoing strike by nearly 1,000 workers of the UNITE Here union since the Fourth of July weekend. With no end in sight to the strike, president and CEO of Tropicana Entertainment Tony Rodio believes there is no "path to profitability," and that due to the casino bleeding millions of dollars a month the closure is necessary to meet "fiduciary duties to their shareholders.