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FILE - In this April 5, 1990 file photo, Donald Trump stands next to a genie's lamp as the lights of his Trump Taj Mahal Casino Resort light up during ceremonies to mark its opening in Atlantic City, N.J. Trump opened his Trump Taj Mahal casino 26 years ago, calling it "the eighth wonder of the world." But his friend and fellow billionaire Carl Icahn is closing it Monday morning, making it the fifth casualty of Atlantic City's casino crisis. (AP Photo/Mike Derer, File)

The iconic Trump Taj Mahal has closed after years of losing millions


The Trump Taj Mahal, a hotel/casino in Atlantic City, closed Monday after losing "almost $350 million over just a few short years," according to owner Carl Icahn.

The hotel opened in 1990 after years of legal wrangling by then-owner Donald Trump. It was one of the largest casinos in the world at the time, USA Today reports. Owners filed for bankruptcy multiple times over its tenure. The most recent bankruptcy was in February, after Trump Entertainment Resorts became a subsidiary of Icahn Enterprises.

Here, workers officially close the casino down as press watched.

Housekeepers, servers and other casino workers at the Taj Mahal earn on average less than $12 and hour.
Unite Here Local 54, casino union

A union representing the casino's employees said hourly wages only increased 80 cents per hour  in the past 12 years. In the meantime, the cost of living in Atlantic City has increased 25 percent. 

taj mahal casino strike.jpg
A union organizer registers a striker outside the Trump Taj Mahal casino in Atlantic City, N.J. on Friday July 1, 2016. Local 54 of the Unite-HERE union went on strike against the casino Friday, unable to reach a new contract with it.(AP Photo/Wayne Parry)

About 1,000 casino employees went on strike July 1. Icahn's last offer to the group was rejected.

Trump critics tried to pin the collapse on him.

However, Trump hasn't owned the casino for years, despite it bearing his name.

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