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. '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, said in a statement.
Four of its 12 casinos remain shut after closing in 2014, though one of them reopened as a hotel only. 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. Atlantic City's Trump Taj Mahal casino, owned by Carl Icahn, will close at the end of the summer, the billionaire investor's company said on Wednesday.
