The management team of Carl Icahn have filed a formal petition requesting permission to close the Trump Taj Mahal in October. The petition was filed today and asks the New Jersey Division of Gaming Enforcement to grant the operator permission to close the venue as well as approve plans to destroy gaming cards, gambling chips and dice as well as store any unused liquor.
According to the plan, designated table games will shut down on the 26th with slot machines to be disconnected along the way. The petition shows that Icahn is serious about shutting down the venue after stating he has lost millions of dollars each month while the casino workers union continues a strike against the property.
Icahn actually waited about a month before filing a petition for closure on the 2nd of September. The public was not made aware of this action until today. The approval must be granted by the state for shutdown plans to move forward. The Taj Mahal is planning on shutting down on October 10th at 6 a.m. However, the winding down of the gaming options will begin with the table games on the 26th of September.
The plan states that as a result of the ongoing Local 54 strike and millions of dollars that the Taj Mahal has lost, Trump Entertainment Resorts no longer sees a path to profitability for the casino. As a result, on August 4th of 2016, the Board of Directors of TER voted to cease casino and other operations at the venue becoming effective the 10th of October 2016.
Any guests of the hotel will have to checkout of the hotel by noon on the 9th of October based on the plan. After the official closing of the casino at 6 a.m. patrons will have the option to cash in gaming vouchers and gaming chips until 8 a.m. at the Main Cage of the casino. Any vouchers or chips thereafter will need to be redeemed at the Tropicana Atlantic City. The Tropicana will set up a designated area for this process.