Trump Taj Mahal to Close This Year
Donald Trump opened the casino in 1990, but it now belongs to the Republican presidential nominee’s friend Carl Icahn. Union negotiators rejected that proposal, insisting that Taj Mahal workers be treated the same as those at other casinos, including the Tropicana, which Icahn also owns.
“It was a bad bet”, he said. Thursday will mark the 35th day that Local 54’s workers have been picketing, officially eclipsing the 34-day strike the union led against seven AC casinos in 2004.
The New York billionaire went on to declare bankruptcy a further three times in connection with Atlantic City properties before finally pulling out of the Atlantic Ocean resort south of New York.
“Currently the Taj is losing multi-millions a month, and now with this strike we see no path to profitability”, said Tony Rodio, President and CEO of Tropicana Entertainment, in a statement obtained by the Press of Atlantic City. “[We] have fiduciary duties to shareholders and our directors can not just allow the Taj to continue burning through tens of millions of dollars”. Representatives for Tropicana Entertainment, who manage the Taj Mahal properrty, are expected to contact the state of New Jersey this week regarding the layoffs that the company will incur. The company is now a subsidiary of Icahn Enterprises, which is owned by Carl Icahn.
Local 54 representatives demanded better health care and pension benefits that workers lost when a prior owner took the casino in bankruptcy.
The report added that the Trump Taj Mahal workers are among the lowest-paid in Atlantic City, getting an average wage of less than Dollars 12 an hour. Unions turned down the offer.
“How petty”, McDevitt said, calling Icahn, “…so one-dimensional.
“This titan of Wall Street is utterly incapable of making a decision unless it is mean-spirited and benefiting him alone”, McDevitt said. “In the end he’ll have to live with what he’s done to working people in Atlantic City”.
Icahn replied, “What is my obligation?”
The Taj Mahal’s run as the greatest didn’t last long.
The Trump Taj Mahal in Atlantic City says it plans to close its doors after Labor Day. You don’t need a “Breaking News” chyron on CNN to understand that what vultures like Icahn have done to the middle-class economy is exactly what’s fomenting the anger causing millions of voters to look for radical solutions, from Trump’s nationalistic authoritarianism to the democratic socialism of Bernie Sanders.
Scittina, now 54 and living in Egg Harbor Township, did exactly that for most of his 26-year career as a unionized food server at the casino’s Players Club – but then the ride started going back down, fast.