Plans Revealed by Hard Rock Chairman for Shuttered Trump Taj Mahal Casino

Trump Taj Mahal CasinoFinally, the Chairman of Hard Rock Jim Allen has revealed his plans for under consideration of Trump Taj Mahal Casino. It is a recently acquired casino by the casino and is situated in Atlantic City.

Seminole Indian Tribe of Florida operates Hard Rock and it has acquired Trump Taj Mahal casino earlier in 2017 for a whopping cost of $50 million that translates into approximately 4 cents on the dollar.

The United States President Donald Trump initially developed this casino and was opened to public back in 1990. It is a troubled casino and has changed a number of owners since then.

The investor billionaire Carl Icahn was the last owner of this casino who had to sell it because of the failure to resolve differences with the local union over salary and benefits. There was a prolonged strike by the workers union that led to the closure of the casino in October last year. Allen spoke to a media outlet and said that the casino would be completely renovated by Hard Rock with an investment of $500 million and the entire property would be upgraded. All the differences with the workers union of the casino have been resolved.

NJTV News

Allen further stated that he has a successful conversation with the President of Local 54 of the Unite-HERE union, Bob McDevitt, related to the new contract. Jim Allen has made the following statement:

There’s going to be no dispute with Local 54. We are going to put people back to work. We’ll get it done. We’ll do it fair.

In addition to this, Hard Rock is looking forward to announcing a partnership in which Internet gaming will be introduced in New Jersey.

Allen further speaks that major motto of the renovation would be to reinvent the appearance of the casino by replacing its existing flamboyant styling that involves minarets, towers and loud colours. According to him, the property will have the signature Hard Rock look along with the well-known logo and guitars, thereby removing all the embellishments of Trump era.

Hard Rock is basically focused on rock and roll with a special emphasis on music and entertainment. Allen believes that it would certainly bring a lot of customers to the Atlantic City rather than taking away customers from other casinos in that area.

Christopher Baldwin who is the Managing Director of Nomura Securities said that Hard Rock has a sound reputation in the market and it would certainly attract customers to the Trump Taj Mahal Casino. Customers would be really interested coming here because it would include a number of concerts and other similar offerings.

Jay Stevens

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