Donald Trump's Failed Atlantic City Casino Receives New Gambling LicenseHard Rock Atlantic City To Open June 28 |
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President Donald Trump’s former Trump Taj Mahal casino in Atlantic City is now approved for gambling once again.
New Jersey casino regulators on Wednesday gave the revamped casino, now named Hard Rock Atlantic City, the OK to offer brick-and-mortar gambling. The casino is expected to begin taking bets again in late June. The former Trump Taj Mahal closed in October 2016 after a string of other casino closings in the seaside gambling town.
President Trump opened the Taj in 1990 at a cost of more than $1 billion and boasted that it was the “eighth wonder of the world.” It quickly went bankrupt but managed to stay in business. The Taj was the city’s top grossing casino until the Borgata overtook it in 2003. At the time it closed, the casino was the worst performing in the Atlantic City.
Hard Rock International, owned by the Seminole tribe of Florida, a gambling juggernaut in the Sunshine State, acquired the casino for $50 million last year. President Trump didn’t have an ownership stake when it sold. Hard Rock said it was investing $400 million into the remodeling.
Hard Rock Atlantic City has already indicated in will pursue online gambling operations.
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