As­sets of ex-Trump casino on sale in N.J.

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — The As­so­ci­ated Press

AT­LANTIC CITY, N.J. — Fans of the Trump Taj Ma­hal Casino Re­sort can take home a piece of the for­mer casino be­fore it’s gut­ted to make way for the Hard Rock Ho­tel and Casino.

Fur­ni­ture, poker ta­bles, grand pi­anos, art and even its fa­mous chan­de­liers will be among the mer­chan­dise up for grabs at a liq­ui­da­tion sale that starts to­day.

Na­tional Con­tent Liq­uida­tors said the sale will con­tinue un­til ev­ery­thing’s gone.

Pres­i­dent Don­ald Trump opened the Taj Ma­hal in 1990, pro­claim­ing it to be “the eighth won­der of the world.” But within a year it had filed for bank­ruptcy, crip­pled by chok­ing debt. Trump cut most of his ties with At­lantic City in 2009, hav­ing lost con­trol of the casino com­pany he once owned in a bank­ruptcy.

Bil­lion­aire in­vestor Carl Ic­ahn shut the Taj Ma­hal down in Oc­to­ber af­ter a bit­ter strike with the casino’s main union, and he sold it to Hard Rock In­ter­na­tional in March for $50 mil­lion. That’s about 4 cents on the dol­lar from the $1.2 bil­lion that Trump spent to open it.

A sum­mer 2018 open­ing is planned for the Hard Rock Ho­tel and Casino.

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