Atlantic City, New Jersey, has been experiencing difficult economic situation for years. Severely hit by a looming crisis, four super casinos have been forced to close their doors since the beginning of this year. According to Don Guardian, the mayor of the city, casino shutdown is a major source of concern since casino industry is one of NJ economic sectors that generate high revenue to the State’s coffers.
Accordingly, casino facilities that still operate are hailing calls, among other things, for tax-rate reduction to keep their establishments open. This is the case of Taj Mahal Casino Resort. If things are getting worse, DonaldTrump’s Taj Mahal would be the fifth to close its doors. Indeed, the owners of the Taj Mahal Casino Resort requested massive tax cut, the purpose of which was adamantly disproved by Mayor Don Guardian. Interviewed by The Associated Press, the Mayor said they cannot satisfy Trump and Carl Icahn’s requests as Atlantic City is now nose-diving by its never-ending crisis.