The Taj opened in April 1990 and had financial problems almost immediately, according to an analysis by CNN of documents Trump filed with state gaming authorities. Of the seven that remain, two, Bally's and Caesar's, have filed for Chapter 11 bankruptcy protection. The Trump Taj Mahal had been in trouble for years, along with the rest of cash-strapped Atlantic City, where five casinos have closed since 2014, including Trump Plaza.
Related: Workers strike at Trump Taj Mahal 'Despite our best efforts, which included losing almost $350 million over just a few short years, we were unable to save the Taj Mahal,' Icahn said in a statement Monday. The union, representing about 1,000 of the Taj's workers, reached deals with four other casinos in the city just before the Independence Day weekend, including another casino owned by Icahn.
