Hard Rock completes acquisition of Taj Mahal
Former Trump Taj Mahal Casino in Atlantic City was acquired by American Seminole firm Hard Rock International this weekend.
US.- This weekend finalised the acquisition of former Trump Taj Mahal Casino by national company, Hard Rock International. The controversial gaming venue, which was closed last October due to severe conflicts with its employees, will be revamped to highlight the imprint of the new owners.
Representatives of Hard Rock International announced a press conference for this Wednesday to publicly present the project. The Florida firm, operated by Seminole native tribe, aims at developing New Jersey’s casino market, concentrated in Atlantic City, to boost the economic recovery of the area.
Although the acquisition price was not revealed, Hard Rock International’s CEO James Allen commented that the investment that includes the purchase and the redecoration was set at US$300 million. The latest Atlantic City casino would be reopened by next spring.
Trump Taj Mahal casino was inaugurated in 1990 by the current President of the United States, Donald Trump. Last year, the operators announced a bankruptcy and the gaming venue was left in charge of Trump’s confident and billionaire investor, Carl Icahn. After a conflict with employees, due to the reduce of payments, Icahn decided to close the venue and sell it.
