Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Taj Mahal casino closing; Carl Icahn says he lost $100M
Associated Press ^ | Aug 3, 2016 7:15 PM EDT | Wayne Parry

Posted on 08/03/2016 4:49:31 PM PDT by Olog-hai

Donald Trump has been gone from Atlantic City for years, but his name has lived on in glowing neon on the façade of a casino he no longer owned.

But later this year, the Republican presidential nominee’s name will disappear from the seaside gambling resort — along with 3,000 jobs.

The Trump Taj Mahal casino, opened 26 years ago by Trump, announced Wednesday that it will shut down after Labor Day. The business now belongs to Trump’s friend and fellow billionaire Carl Icahn, who decided he can no longer support a casino losing millions of dollars each month amid a crippling strike. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Local News
KEYWORDS: atlanticcity; icahn; newjersey; tajmahalcasino
Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

1 posted on 08/03/2016 4:49:31 PM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

Trump never had a huge interest in casinos, financially. His name was the big deal. More propoganda to destroy.

But wow!! I had some good times there. Met Chuck Zito there and got autograph :)

If the Golden Nugget closes down, i’ll head to the basement with a grand worth of Black Label and relive the good times in my had :(


2 posted on 08/03/2016 4:52:47 PM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Fodder for the next 24-48 hour news cycle.


3 posted on 08/03/2016 4:53:50 PM PDT by Arm_Bears (Rope. Tree. Politician/Journalist. Some assembly required.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dp0622

Lol


4 posted on 08/03/2016 4:54:26 PM PDT by SirLurkedalot (My carry permit was issued in 1791. It has no expiration date.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Olog-hai
Icahn replied, "What is my obligation? I give hundreds of millions to charity, but this is a business; it's not a charity. They look at this as my responsibility, and I'm a bad guy if I don't give them what they want."

That's the story in a nutshell.
5 posted on 08/03/2016 4:56:15 PM PDT by NRx (A man of integrity passes his father's civilization to his son, without selling it off to strangers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Even very successful people and companies gave us things like the Arch Deluxe, New Coke and Windows ME. You cannot have success without risk.


6 posted on 08/03/2016 4:57:52 PM PDT by LukeL
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Atlantic City was doomed by casinos opening up in neighboring states. The overall business numbers have been grim for years.


7 posted on 08/03/2016 4:57:56 PM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

In a fair world, Hillary’s best buddy Buffet would buy the Casino and keep it open so nobody loses their Jobs.


8 posted on 08/03/2016 4:59:43 PM PDT by Kickass Conservative (Hillary Clinton has killed four more People than Three Mile Island.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Arm_Bears

Just another story to get off the subject of emails.


9 posted on 08/03/2016 5:00:35 PM PDT by Sacajaweau
[ Post Reply | Private Reply | To 3 | View Replies]

To: LukeL

you can’t say that enough times. Lazy mother###s who never took a chance and don’t want to work but want everything handed to them are the ones that will complain about this. Didn’t Hillary lose 6 billion dollars?


10 posted on 08/03/2016 5:03:26 PM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
[ Post Reply | Private Reply | To 6 | View Replies]

To: dp0622

Charles “Chuck” Carmine Zito, Jr., is an American actor, amateur boxer, martial artist, celebrity bodyguard, stuntman, former boxing trainer and former president of the New York chapter of the Hells Angels.


11 posted on 08/03/2016 5:03:40 PM PDT by Robert DeLong
[ Post Reply | Private Reply | To 2 | View Replies]

To: dp0622

The libs are going to try to smear Trump with this, but 1) he has not been involved for years, 2) the business situation has been dire since competitor casinos opened up in neighboring states, and 3) the union thumbed their noses at the deal numbers that could still make this work in the present business environment. None of this is Trump’s fault, but the ‘Rats and MSM will try to make it so.


12 posted on 08/03/2016 5:06:10 PM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kickass Conservative

Really, tell Buffet to run the business as a charity, he is the big time lib....


13 posted on 08/03/2016 5:07:37 PM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
[ Post Reply | Private Reply | To 8 | View Replies]

To: Enchante

Excellent points, all.

I didn’t know Trump had control over PA and NY when it came to putting up casinos /s

Still, I’ll cry like an unfed 4 month old if they close Golden Nugget.


14 posted on 08/03/2016 5:08:17 PM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
[ Post Reply | Private Reply | To 12 | View Replies]

To: NRx

Yep.


15 posted on 08/03/2016 5:09:43 PM PDT by RushIsMyTeddyBear (<<<<<a<< he no longer IS my 'teddy bear'.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Enchante
"Atlantic City was doomed by casinos opening up in neighboring states."

I'll also add that they tried to strip you of your money as fast as they could. They forgot about repeat business.

In the early eighties, I used to got to Vegas with some friends. I would carry $500 for gambling. I could make it last for two days with little problem. They got my money and I had two days of fun and free alcohol. I used to go every two-three months.

I went to Atlantic city in its prime and they stripped me of may cash as fast as they could and very little free alcohol. I did not feel inclined to ever go back.

16 posted on 08/03/2016 5:10:01 PM PDT by fini
[ Post Reply | Private Reply | To 7 | View Replies]

To: Kickass Conservative

A “fair world”? Really?


17 posted on 08/03/2016 5:10:21 PM PDT by Osage Orange (You hurt my family...you better watch your six.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Olog-hai

When I lived in Ct., we’d go there a couple times a year with friends, but I haven’t been to Atlantic City in maybe 25 years. Back then, the Boardwalk and maybe the block back to Pacific Ave was passable, but further away from the Boardwalk, it was pretty dodgy and you didn’t walk around there in groups of less than about 10 and that was during the day!

Frankly, I’m surprised that any of the casinos are still in business down there, especially given some of the plush Indian casinos that have sprung up closer to the big cities.


18 posted on 08/03/2016 5:13:35 PM PDT by ssaftler (Proud member of the "ABC" coalition: Anybody But Clinton!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: fini

A casino surrounded by Haiti!


19 posted on 08/03/2016 5:14:05 PM PDT by Dr. Ursus
[ Post Reply | Private Reply | To 16 | View Replies]

To: Osage Orange

>>>A “fair world”? Really?<<<

You do know I was being facetious, right? #;^)


20 posted on 08/03/2016 5:14:07 PM PDT by Kickass Conservative (Hillary Clinton has killed four more People than Three Mile Island.)
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson