Trump Taj Mahal owner Carl Icahn sells casino to Hard Rock International
Billionaire Carl Icahn is selling the shuttered Trump Taj Mahal casino in Atlantic City to Hard Rock International and two New Jersey investors.
The sale comes four months after Icahn closed the casino amid a crippling strike.
A sale price was not revealed.
President Donald Trump opened the casino in 1990 but lost control of it in a bankruptcy filing.
Icahn bought it last year from a separate bankruptcy, but closed it in October amid a strike by its main casino workers' union seeking restoration of employee health insurance and pension benefits that Icahn deemed unaffordable.
Atlantic City Mayor Don Guardian says that he is happy with the sale.
"Having professional investors like the Hard Rock International group invest in the Taj Mahal will reinvigorate that end of the boardwalk, which includes the Showboat and the Steel Pier," Guardian said in part in a statement.
Icahn, who also owns the Tropicana, said he only wanted to operate one casino in town. He's still trying to sell the shuttered former Trump Plaza casino.
Guardian says he hopes more investors come to Atlantic City.
"Now is the time to invest in our great city. The price is right. We need to bring back thousands of jobs for our Atlantic City residents and for South Jersey," he says.
The Associated Press wire services contributed to this report.