Silver as an investment

Carl Icahn Shuts Trump Taj Mahal After 26 Years Of Operation; 3,000 Union Workers Lose Their Jobs

zerohedge.com / by Tyler Durden / Oct 10, 2016 11:58 AM

In what may not have been the most opportune time for the presidential candidate, the Atlantic City casino bearing his name – if little else – the Trump Taj Mahal, which Donald Trump opened 26 years ago calling it “the eighth wonder of the world”, officially closed today. To be sure, the now defunct structure had no trace of ownership to Trump, and instead was until yesterday owned by Trump’s friend and fellow billionaire Carl Icahn, who closed the casino on Monday morning, making it the fifth casualty of Atlantic City’s casino crisis. Nearly 3,000 workers lost their jobs, bringing the total jobs lost by Atlantic City casino closings to 11,000 since 2014.

The sprawling Boardwalk casino, with its soaring domes, minarets and towers built to mimic the famed Indian palace, shut down at 5:59 a.m., having failed to reach a deal with its union workers to restore health care and pension benefits that were taken away from them in bankruptcy court.

Picketers affixed an anti-Icahn poster that they had signed to the casino’s main Boardwalk entrance door. It proclaimed “We held the line.” “We held the line against a billionaire taking from us!” said Marc Scittina, a food service worker at the Taj Mahal’s player’s club since shortly after it opened in 1990. “This battle has been going on for two years.”

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