Trump Taj Mahal casino set to close Monday due to financial loss

The Trump Taj Mahal casino in Atlantic City is set to close Monday.

It will be the fifth casino to close in the city in less than three years, and is expected to put nearly 3,000 people out of work.

Many of the casino and hotel employees have been on strike for the last several months over health benefits and vacation time.

The CEO of Tropicana Entertainment blames the strike for the shutdown, saying that he sees "no path to profitability" with the workers on strike.

The casino's owner says he lost at least $100 million trying to keep Taj Mahal open.

Some of the workers tell News 12 New Jersey that they expect to have a hard time finding a new job because the job market is tough.

"I went to a job fair today at the Sheraton. They didn't have a whole lot," says Jose Dedos.

Some casino regulars believe the closure is a negotiating tactic by the owner.

"There are some people inside that were told to leave their equipment in place in the restaurant so that ought to give you a hint of what's going to be happening," says Jeff Brettler, of Pemberton.

A spokesperson for Hard Rock International, one of the restaurants inside the Taj Mahal, says the restaurant will still stay open.

"The cafe will maintain regular operating hours and be accessed through the boardwalk entrance," the spokesperson said in a news release.

The hotel and casino will cease operations at 5:59 a.m. Monday, Oct. 10. Chips and vouchers can be cashed in until 8 a.m.

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