Donald Trump's nightmare week is somehow getting worse. The Trump Taj Mahal, which bares his name, is closing, according to an announcement today. While the Republican presidential candidate doesn't own the hotel anymore, his current difficult position in the election will be linked to this failure and voters will be reminded of his legacy in Atlantic City.
The Atlantic City casino-hotel announced on Wednesday that it will be closing its doors after Labor Day, buckling under the pressure of an ongoing worker strike.
"Currently the Taj is losing multi-millions a month, and now with this strike we see no path to profitability," said Tony Rodio, president and CEO of Tropicana Entertainment, which runs the Taj Mahal, in a statement. "Unfortunately, we've reached the point where we have will to have to close the Taj after Labor Day weekend and intend to send WARN notices to before this weekend."
The announcement comes just days after workers represented by United Here Local 54, who have been on strike at the Taj Mahal since July 1, were toasted at the Democratic National Convention in Philadelphia. The workers had engaged in an ongoing back-and-forth with Carl Icahn, whose Icahn Enterprises (IEP) - Get Report now owns the business behind the Taj Mahal, Trump Entertainment Resorts, over lost benefits for months. Icahn also endorsed Trump for president.
Bob McDevitt, president of Unite Here 54, reacted to the news of the Taj Mahal's closing in a statement obtained by TheStreet Wednesday afternoon critical of the move.
"How petty. I would never have thought Carl Icahn was so one-dimensional," he said. "The great deal-maker would rather burn the Trump Taj Mahal down just so he can control the ashes. For a few million bucks he could have had labor peace and a content workforce, but instead he'd rather slam the door shut on these long-term workers just to punish them and attempt to break their strike. There was no element of trying to reach an agreement here on Icahn's part; it was always 'my way or the highway' from the beginning with Icahn. It is the epitome of the playground bully, who picks up his ball and announces he is going home because nobody else would do it his way. It is truly a shame that such an unscrupulous person has control of billions of dollars."
McDevitt also took a swipe at Trump, who originally opened the Taj Mahal in 1990 and has a friendly relationship with Icahn.
"If this is the guy Donald Trump wants to be Treasury Secretary of the United States, then this country is doomed," he said.