The Real Deal New York

Carl Icahn injects $20M into Trump Taj Mahal

The billionaire hopes to keep the bankrupt casino open until summer

December 20, 2014 05:00PM

From left: Carl Icahn and Trump Taj Mahal in Atlantic City

From left: Carl Icahn and Trump Taj Mahal in Atlantic City

Carl Icahn is lending $20 million to the Trump Taj Mahal to save it from shutting down today.

That will save some 3,000 jobs, for now, according to the New York Post.

On Thursday, the billionaire backed out of a four-year deal with the Atlantic City casino’s main union.

“We signed it, and the Trump CEO signed as well,” the union boss said. “At noon [Thursday], we were told that Carl Icahn had gone back on his commitment and would not enter into the agreement.”

Icahn estimates that the injection of cash will keep the Taj afloat until summer. [NYP]Christopher Cameron

MENU