Business

Trump’s Failed Taj Mahal Casino Officially Shuts Down

trumptajmahal
JM Ashby
Written by JM Ashby

Just under 3,000 people are officially out of a job as of early this morning after Trump's failed Taj Mahal casino in Atlantic City was formally closed.

Just before 6 a.m. Monday, the Taj Mahal shuttered its doors amid a strike by union members that lasted over 100 days. It is the fifth Atlantic City casino to close since 2014.

Trump said both sides should have been able to work out a deal to keep the casino open. Local 54 of the Unite-HERE union went on strike July 1, after it could not agree with Icahn on a new contract to restore health insurance and pension benefits that were terminated two years ago in bankruptcy court.

Trump has not been in control of the casino since 2009, but that's because he repeatedly drove it into the ground.

Trump dragged his Atlantic City properties through bankruptcy 4(!) times, the last of which resulted in employees losing their pensions and health insurance.

There doesn't appear to be any credible evidence that Trump has ever run a successful business venture. His trail of misfortune and incompetence is nearly 40 years long. Trump received his first big bailout from his father Fred in 1980 after struggling through most of the 70s.

It's still not clear to me how a casino business can fail so badly, let alone fail four times.

  • muselet

    Directly to your point: as I’ve said before, a former casino manager has said, publicly (he wrote a book on the subject, no less), that Donald Trump had absolutely no clue how a casino operated, even pitching a colossal fit because someone walked in off the street and almost immediately hit a big jackpot on a slot machine (Trump could or would not be convinced that the publicity from the jackpot would bring more people into the casino; he insisted that only people who had spent a fair amount of money should be allowed to win big).

    In the good universe, no one other than real estate developers in the Tri-State area have ever heard of Donald Trump, and then only as the meathead who flew Fred’s company into the ground.

    –alopecia

    • Yeah, having someone walk in off the street and hit a huge jackpot is like a dream come true for most casinos. It’s a great story that will garner a lot of publicity and also bring new people in the door hoping to do the same thing. Sheesh, Trump, you are terrible at life.

  • Aynwrong

    “It’s still not clear to me how a casino business can fail so badly, let alone fail four times.”

    In a single word, TRUMP!!!

  • Casinos are cash cows….Herr Drumpf not only couldn’t milk them, he basically killed them. I think Mark Cuban said something to the effect of ‘Show me one person who will say that Donald was a good mentor. Show me one successful business that he has run. Show me one investor that has made money from his companies. He can’t produce even one.’