The Latest: Taj Mahal closing set for Oct. 10

AP News
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Posted: Aug 05, 2016 6:06 PM
The Latest: Taj Mahal closing set for Oct. 10

ATLANTIC CITY, N.J. (AP) — The Latest on the planned closing of Atlantic City's Trump Taj Mahal casino (all times local):

6 p.m.

Atlantic City's Trump Taj Mahal casino plans to shut down on Oct. 10.

That was the date listed in warning notices that were required by law to be filed with the state Department of Labor.

Owner Carl Icahn said this week he will close the casino, which is losing millions of dollars each month, sometime after Labor Day.

Notices filed on Friday set the date as Oct. 10

Nearly 3,000 workers will lose their jobs in the shutdown.

That's on top of the 8,000 who became unemployed when four other Atlantic City casinos shut down in 2014.

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9:15 a.m.

The impending closure of Atlantic City's Trump Taj Mahal casino may help bolster the arguments of both sides in the November referendum over expanding casinos to New York City's northern New Jersey suburbs.

Proponents say New Jersey casinos are already losing business in nearby states and needs new ones closer to these customers.

Opponents argue that Atlantic City's casinos are already so fragile that three or more may close when faced with new in-state competition.

Billionaire owner Carl Icahn says he will shut the Trump Taj Mahal down after Labor Day, saying it is losing millions of dollars a month. That would leave Atlantic City with seven.

Atlantic City's main casino workers' union has been on strike against the casino since July 1.

Voters will decide whether to add two new casinos.