Deals
Hard Rock Group Invests $300 Million in Former Trump Casino
- Taj Mahal was once the flagship of Trump’s casino empire
- Icahn agreed to sell as he whittles down his gambling holdings
The Trump Taj Mahal in Atlantic City, New Jersey, on May 4, 2016.
Photographer: John Taggart/BloombergThis article is for subscribers only.
Hard Rock International said it plans to renovate and reopen the shuttered Trump Taj Mahal casino in Atlantic City, New Jersey, at a total cost of $300 million including the purchase of the property.
Hard Rock, a casino and restaurant operator controlled by the Seminole Tribe of Florida, will be majority owner of the rebranded Hard Rock Hotel & Casino Atlantic City in partnership with the Morris and Jingoli families, according to statement late Wednesday.