From luxury to vacancy

General April 5, 2019 8:04 am

Atlantic City, New Jersey, April 2, 1990: In this place and on this day "the eighth wonder of the world" was opened. At least that’s how Donald Trump called his 42 level casino "Trump Taj Mahal" back then. Together with his business partners, the current president had his luxurious gambling temple built for over a billion dollars.

Until 2006, Atlantic City was a vibrant casino city – then, in the neighboring states of Maryland, Pennsylvania and New York, gambling houses were opened and visitors wandered away. It came as it had to: Donald Trump’s "wonder of the world" also felt the effects of the competition. Trump took out numerous loans and withdrew money from his other casinos. Nevertheless, the "Taj Mahal" was always in the red. Shortly before the closure the casino made several million minus per month. Investors saved Trumps Casino again and again from insolvency – but in 2016 the house had to be finally closed.

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