It was not immediately clear whether Hard Rock still intends to seek a Meadowlands casino. But voters overwhelmingly rejected a statewide referendum last November that would have authorized casino gambling to expand beyond Atlantic City, and the issue cannot be revisited for at least two years.

Hard Rock has proposed building a major casino resort in northern New Jersey at the Meadowlands racetrack with its owner Jeff Gural. We wish Hard Rock and its partners the best of luck with the Taj Mahal.' 'A sale of the Taj Mahal therefore represents the optimal outcome for us. are extremely happy with our ownership of the Tropicana Casino and Resort, and after considerable analysis and deliberation we determined that we only wanted to own one operating casino property in Atlantic City,' he said in a statement Wednesday night.

He said in January he had lost about $300 million owning the Taj Mahal, and would be delighted if he could sell it for half that amount.

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

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