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Taj Mahal casino closing; Carl Icahn says he lost $100M
Associated Press ^ | Aug 3, 2016 7:15 PM EDT | Wayne Parry

Posted on 08/03/2016 4:49:31 PM PDT by Olog-hai

Donald Trump has been gone from Atlantic City for years, but his name has lived on in glowing neon on the façade of a casino he no longer owned.

But later this year, the Republican presidential nominee’s name will disappear from the seaside gambling resort — along with 3,000 jobs.

The Trump Taj Mahal casino, opened 26 years ago by Trump, announced Wednesday that it will shut down after Labor Day. The business now belongs to Trump’s friend and fellow billionaire Carl Icahn, who decided he can no longer support a casino losing millions of dollars each month amid a crippling strike. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Local News
KEYWORDS: atlanticcity; icahn; newjersey; tajmahalcasino
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To: Osage Orange

>>>You are no wordsmith.....<<<

Yea, but I did stay at a Holiday Inn Express a few years ago.


41 posted on 08/03/2016 8:09:00 PM PDT by Kickass Conservative (Hillary Clinton has killed four more People than Three Mile Island.)
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To: Kickass Conservative

Sheet...me too!!


42 posted on 08/03/2016 8:30:18 PM PDT by Osage Orange (You hurt my family...you better watch your six.)
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To: fini

“I went to Atlantic city in its prime and they stripped me of may cash as fast as they could and very little free alcohol. I did not feel inclined to ever go back. “

The mountain casinos in Colorado work exactly the same way. And you’re right, I could go to Vegas and lose a little bit of money slowly over a couple of days and have a great time. The Colorado casinos just take it all in a few minutes. I think i went one time and then never went back.


43 posted on 08/03/2016 9:58:39 PM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: catnipman; fini

I haven’t spent much time in casinos and have only been in one in Atlantic City once. How do they take money faster than casinos in other places? Just curious......


44 posted on 08/03/2016 10:54:46 PM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
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To: Enchante

Slot machines that never pay out is one way.

Stingy “freebies” (drinks), over priced buffets and restaurants.

I don’t play, so I’m guessing there are more ways than that.


45 posted on 08/04/2016 3:54:23 AM PDT by JohnnyP
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To: Enchante

“How do they take money faster than casinos in other places?”

I’m talking about how “loose” the slot machines are, that is, what percentage of your money do they return over a given period of time. Discounting the really rare “jackpot”, a slot machine that returns 95% of your money on average over time can be played a LOT longer before going bust than one that takes 89%.


46 posted on 08/04/2016 8:46:57 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: tina07

Was he a conservative before that day? Is he now?

No fun.


47 posted on 08/04/2016 8:51:27 AM PDT by FreedomPoster (Islam delenda est)
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To: catnipman

ah, got it, thanks.... I had seen the expression “loose” slots in ads but I didn’t know if there was anything to it or not....


48 posted on 08/04/2016 9:05:17 AM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
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To: JohnnyP

thanks for the education! heh heh


49 posted on 08/04/2016 9:05:58 AM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
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