\nWayne Parry, Associated Press \u00b7 February 13, 2015 at 3:24 pm
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\n\tATLANTIC CITY, N.J. (AP) \u2013 Atlantic City\u2019 Trump Taj Mahal casino is closing its money-losing poker room for a makeover and plans to re-open it by summer.<\/p>\n
\tTrump Entertainment Resorts CEO Robert Griffin said the room has become unprofitable for the casino, which is struggling to emerge from bankruptcy.<\/p>\n
\t\u201cPoker is a money loser for us at this point,\u201d he said. \u201cWith all the starts and stops in this process, we\u2019ve lost enough business that we need to do something to make it profitable again.\u201d<\/p>\n
\tThe 48-table poker room will close on Sunday, undergo renovations and hopefully have a grand re-opening by July 4th, Griffin said.<\/p>\n
\tThe casino is in the process of being acquired by billionaire investor Carl Icahn, who is swapping $286 million worth of debt he owns in Trump Entertainment in return for ownership of the company.<\/p>\n
\tIcahn has put up $20 million to keep the Taj Mahal open and operating through the bankruptcy process. The casino estimated that should be enough cash to keep it open through the end of 2015.<\/p>\n
\tTrump Entertainment is fighting its main employees union over health insurance and pension coverage that a bankruptcy judge allowed it to cancel in October.<\/p>\n
\tThe Taj Mahal is the last remaining casino that the company owns; it closed Trump Plaza in September and sold the former Trump Marina in 2011 to Landry\u2019s Inc., which reopened it as the Golden Nugget.<\/p>\n
\tIcahn also owns Atlantic City\u2019s Tropicana Casino and Resort.<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wayne Parry, Associated Press \u00b7 February 13, 2015 at 3:24 pm Bookmark and Share ATLANTIC CITY, N.J. (AP) \u2013 Atlantic City\u2019 Trump Taj Mahal casino is closing its money-losing poker room for a makeover and plans to re-open it by…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8655","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8655"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8655\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}