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 Get digital access ||||| (Reuters) - Atlantic City’s Trump Taj Mahal casino, owned by Carl Icahn, will close at the end of the summer, the billionaire investor’s company (IEP.O) said on Wednesday. 
 
 The Trump Taj Mahal is lit up at sunset in Atlantic City, New Jersey July 5, 2016. Picture taken July 5, 2016. REUTERS/Brian Snyder 
 
 Closure of the casino, which is in the midst of a strike by its unionized workers over wages and health insurance costs, would be another blow to the struggling New Jersey beach resort. Four of its 12 casinos remain shut after closing in 2014, though one of them reopened as a hotel only. 
 
 “Currently the Taj is losing multimillions a month, and now with this strike, we see no path to profitability,” Tony Rodio, chief executive of Tropicana Entertainment Inc TPCA.PK, said in a statement. 
 
 The board of the Taj and Icahn Enterprises “cannot just allow the Taj to continue burning through tens of millions of dollars when the union has single handedly blocked any path to profitability.” said Rodio, whose company is controlled by Icahn. 
 
 He said the company intends to send required layoff notices to workers before this weekend, adding that Icahn’s company has lost nearly $100 million “trying to save the Taj.” 
 
 The casino was once owned by Republican presidential nominee Donald Trump, who lost his stake in it during its bankruptcy. 
 
 Bob McDevitt, president of Unite Here Local 54, which represents about 1,100 workers at the casino who will lose their jobs, called the closure “petty” and an attempt to break their labor strike. 
 
 “The great dealmaker would rather burn the Trump Taj Mahal down just so he can control the ashes,” McDevitt said in a statement. 
 
 “In the end he’ll have to live with what he’s done to working people in Atlantic City,” he said. “The Boardwalk is littered with empty monuments to his greed.” 
 
 Atlantic City, once the U.S. East Coast’s only casino gambling site, is struggling to pay its bills and has until November to devise a fiscal recovery plan or else face possible state takeover. 
 
 Its property tax base eroded when its gambling industry lost value because competing casinos began opening in neighboring states. 
 
 Atlantic City Mayor Don Guardian said in a statement that it is “unfortunate and disappointing” that no resolution has been found to keep the Taj Mahal open. 
 
 “Atlantic City has been resilient for over 160 years and we will continue to do so, as we rise to meet any challenge ahead of us,” Guardian said. ||||| Casino once owned by now defunct Trump Entertainment Resorts will be shuttered after Labor Day weekend as union leader takes parting shot at Trump 
 
 It was billed as the “eighth wonder of the world” when it opened a quarter-century ago on the glitziest stretch of the Jersey shore, but after multiple bankruptcies and the longest union strike in Atlantic City casino history, the Trump Taj Mahal is about to go the way of the Colossus of Rhodes. 
 
 
 
 The casino, once the crown jewel of the now defunct Trump Entertainment Resorts company, will shutter after Labor Day weekend, according to a statement issued by Tropicana Entertainment’s CEO Tony Rodio, who put the failure of the casino at the feet of striking union members and “the prior equity owners who put it into its recent bankruptcy” – that is, the Trump Organization. 
 
 “Icahn Enterprises [which owns Tropicana Entertainment] saved the Tropicana [another Atlantic City casino owned by the company], and to date has lost almost $100m trying to save the Taj when no other party including the prior equity owners who put it into its recent bankruptcy were willing to invest even one dollar to save it,” Rodio said, referring to Carl Icahn, the current owner of the Trump Taj Mahal, who purchased the final shares of the resort casino from Trump in February. 
 
 “Currently the Taj is losing multi-millions a month, and now with this strike, we see no path to profitability,” Rodio continued. “Unfortunately, we’ve reached the point where we will have to close the Taj after Labor Day weekend.” 
 
 More than 1,000 members of the Local 54 chapter of the Unite-Here union have been on strike since 1 July, demanding restoration of the health insurance and pension benefits that were stripped from the casino’s employees by a bankruptcy court judge in 2014. 
 
 In a statement by the president of Local 54, Bob McDevitt, the union put the blame on mismanagement by Icahn – and threw in a sideshot at Trump, who has floated Icahn as a potential treasury secretary if he wins the presidential election in November. 
 
 “In the end, these workers stood up for what every other casino worker doing their job in this town has, and what every other casino worker here has had since gaming was introduced to Atlantic City over three decades ago,” McDevitt said. “If this is the guy Donald Trump wants to be treasury secretary of the United States, then this country is doomed.” 
 
 Atlantic City, once seen as a potential rival to Las Vegas as a gaming capital of the country, struggled economically after the Great Recession, combined with the redevelopment of Las Vegas and the construction of casinos in nearby Philadelphia. Inaccurate reports of the city’s partial destruction during Hurricane Sandy in 2012 dampened tourism further, and plans for further casino construction dwindled as a result.
– The Trump Taj Mahal in Atlantic City is closing down for good—two years after Donald Trump sued to get his name off the casino because its "appalling condition" was wrecking his brand. The casino is now owned by billionaire Carl Icahn and operated by his Tropicana Entertainment company, which says it will shut the place down after Labor Day weekend, reports Reuters. Around 1,100 of the casino's 2,100 workers have been on strike since July 1, and Tropicana CEO Tony Rodio blames their union, Unite Here, for the closure. In a statement, he said the casino is losing millions of dollars a month, and Icahn Enterprises "cannot just allow the Taj to continue burning through tens of millions of dollars when the union has single-handedly blocked any path to profitability." The service workers were striking to restore the health insurance and pension benefits a bankruptcy judge stripped them of in 2014, reports the Press of Atlantic City, which notes that five other casinos in the city, including sister casino Trump Plaza, shut down the same year. Trump himself no longer had any stake in the casino, though Unite Here Local 54 President Bob McDevitt mentioned him in a statement that blamed the closing on Icahn, the Guardian reports. "These workers stood up for what every other casino worker doing their job in this town has, and what every other casino worker here has had since gaming was introduced to Atlantic City over three decades ago," McDevitt said. "If this is the guy Donald Trump wants to be treasury secretary of the United States, then this country is doomed."