Trump Entertainment set for tax sale

A bankruptcy court will need to approve the arrangement, which would enable the city to hold a tax sale of Trump Entertainment’s back debt.

The operator’s right to appeal the amount of its unpaid 2014 taxes will still be preserved by the new terms.

The only remaining casino owned by Trump Entertainment, the Trump Taj Mahal in Atlantic City is set to close on 12 December, with the tax sale planned for the previous day.

There is a chance that it could remain open however, if a deal can be reached with its main union on the restoration of health insurance and pension plans for its 3,000 employees.

Carl Icahn, who owns $286m worth of shares in Trump Entertainment, wishes to invest in a new payment plan, but has so far been unable to reach an agreement with the Unite-HERE union.

It was announced in September that the casino would be closing – the same month that Trump Plaza closed following a 31% revenue loss this year.

Five Atlantic City casinos will have closed for business by the end of the year, as Showboat, Revel and the Atlantic Club have also shut down.

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David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

During his tenure, David led the publication’s largest editorial team to date, guiding its expansion and ensuring consistent, high-quality output across all channels. He also hosted and helped launch the GI Huddle podcast, a project he was proud to bring from concept to reality.

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