Icahn, who also owns Atlantic City's Tropicana Casino and Resort, said he decided one casino in town is enough. He said the company plans to invest $300 million in renovating and rebranding the property. 'We are 100 percent convinced Hard Rock Hotel and Casino Atlantic City will be a success.' 'We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment,' Jim Allen, chairman of Hard Rock International, said in a statement. The sale comes four months after Icahn closed it amid a crippling strike.
Saul Loeb/AFP/Getty ImagesThe Trump Taj Mahal Hotel and Casino in Atlantic City.īillionaire investor Carl Icahn reached a deal Wednesday to sell the shuttered Trump Taj Mahal casino in Atlantic City to Hard Rock International and two New Jersey investors.
Shuttered Trump Taj Mahal to Become Hard Rock Hotel in Atlantic City
