Owners: Taj Mahal to stay open throughout November

AP News
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Posted: Oct 22, 2014 5:38 PM
Owners: Taj Mahal to stay open throughout November

ATLANTIC CITY, N.J. (AP) — Trump Entertainment Resorts is dropping its threat to close Atlantic City's Taj Mahal casino on Nov. 13.

The company says it still cannot guarantee the Taj Mahal won't close by the end of the year, but says it will definitely remain open throughout the month of November.

Trump Entertainment has been pursuing a long-shot rescue plan to re-finance the company and transfer ownership to billionaire Carl Icahn, who would pump $100 million into it. But the plan hinges on getting $175 million in state assistance that state Senate President Steve Sweeney has already ruled out.

The company says it acted Wednesday in part to assure customers that a Culture Club concert scheduled for Nov. 28 will go on as planned.