Trump Taj Mahal in Atlantic City to close after Labor Day weekend, reports say

"We see no path to profitability," said Tony Rodio, president and CEO of Carl Icahn-owned Tropicana Entertainment

Published August 3, 2016 7:29PM (EDT)

 (AP Photo/Wayne Parry)
(AP Photo/Wayne Parry)

Trump Taj Mahal — the Atlantic City, New Jersey, hotel-casino once owned by GOP nominee Donald Trump — will close for good after Labor Day weekend, according to reports.

"Currently the Taj is losing multi-millions a month, and now with this strike we see no path to profitability," announced Tony Rodio, president and CEO of Tropicana Entertainment, the gaming affiliate of Icahn Enterprises. "Unfortunately, we’ve reached the point where we have will to have to close the Taj after Labor Day weekend and intend to send WARN notices to before this weekend."

Icahn Enterprises' namesake, billionaire Carl, purchased Taj Mahal — rescuing it from bankruptcy — from Trump Entertainment Resorts in 2014.

Taj Mahal employees — members of the Unite-HERE union's Local 54 chapter — have been striking since July 1.

By Brendan Gauthier

Brendan Gauthier is a freelance writer.

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Atlantic City Carl Icahn Donald Trump Icahn Enterprises Tropicana Entertainment Trump Taj Mahal