World

Trump Taj Mahal on line casino to close down after years of losses

Trump Taj Mahal casino

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AFP

Trump Taj Mahal, the Atlantic Metropolis on line casino, based by Republican presidential nominee Donald Trump however now not below his possession, will shut down after years of losses.

The house owners stated the on line casino had lengthy been unprofitable.

The closure after Labour Day will come after a prolonged strike over advantages.

Closing the Trump Taj Mahal will price three,000 jobs, including to eight,000 staff who had been laid off in 2014 when 4 of the opposite casinos within the metropolis had been closed.

The closure of the Trump Taj Mahal will go away solely seven casinos in Atlantic Metropolis.

The on line casino was opened 26 years in the past by present Republican presidential candidate Donald Trump.

It was taken over by billionaire Carl Icahn in 2009 when Trump Leisure filed for chapter – a transfer which compelled Mr Trump to surrender all of his funding in his Atlantic Metropolis casinos.

Mr Icahn instructed the AP information company that he has misplaced almost $100 million on the Taj Mahal.

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Getty Pictures

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Staff’ unions fought for healthcare and pension advantages

Atlantic Metropolis’s essential on line casino staff union has been on strike in opposition to the Taj Mahal since 1 July.

On Thursday, the strike will change into the longest within the metropolis’s 38-year on line casino period.

The strike is over the restoration of medical health insurance and pension advantages. Unions have rejected a proposal to revive medical health insurance at a degree lower than that of staff on the metropolis’s different casinos.

Atlantic Metropolis was once the one playing centre on the US east coast, however is now fighting competitors from casinos in neighbouring states.