Business

Trump’s Failed Taj Mahal Casino Officially Shuts Down

Written by SK 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.