Trump Taj Mahal

Trump Taj Mahal is a closed casino and hotel on the Boardwalk in Atlantic City, New Jersey, United States, owned by Trump Entertainment Resorts, a subsidiary of Icahn Enterprises. Hard Rock International and other investors announced plans in March 2017 to purchase the property and convert it into the Hard Rock Hotel & Casino Atlantic City.The casino was inaugurated by its then-owner Donald Trump in 1990, and was built at a total cost of nearly one billion dollars. Restaurants at the Taj included Dynasty, Il Mulino New York, Moon at Dynasty, Robert's Steakhouse, and Hard Rock Cafe. It was also the home of Scores, the country's first in-casino strip club.The Taj Mahal came to the brink of closure in 2014 as its parent company went through bankruptcy, but ultimately remained open under the new ownership of Icahn Enterprises. On August 3, 2016, it was announced that the Trump Taj Mahal would close after Labor Day. It was closed on October 10, 2016.HistoryConstruction of the Taj Mahal was begun in 1983 by Resorts International, owner of the neighboring Resorts Casino Hotel, with an estimated budget of $250 million. Resorts head James Crosby said it might be named the United States Hotel, in reference to the city's first major hotel.After Crosby's death in April 1986, Resorts International became a takeover target. The Taj Mahal had encountered construction problems, and Crosby's heirs, lacking experience in large development projects, doubted their ability to complete it successfully. Donald Trump, who owned two other Atlantic City casinos, beat out several other bidders to purchase a controlling stake in the company for $79 million in July 1987. Trump was appointed chairman of Resorts International, and said he would complete the Taj Mahal in about a year.