Trump Taj Mahal re-investment not to take place if casinos allowed in NJ, says billionaire

This might be bad news for poker players expecting a re-opening of the poker room of Trump Taj Mahal.

On Wednesday, speaking to a leading news agency, Billionaire Carl Icahn said that if the lawmakers of the Garden State and state voters let casinos in north Jersey, he would not be spending $100 million on upgrades as well as other enhancements to the Taj Mahal that he acquired recently for less than $300 million thanks to the Chapter 11 bankruptcy of the casino.
The Taj closed its poker room early in 2015 and it has not re-opened since then. Originally, it had planned to re-open the storied room previous summer. With 48 tables, the poker room of Taj was once the 2nd largest in the city behind the Borgata.
Icahn added that even though he had planned to invest up to US$ 100 million in the this old casino, just as he made significant investments at Tropicana, obviously it would not be heady to proceed with those investments when gaming in north of Jersey is really an open issue, and they would have to wait to see the outcome of those proposals. He would pump between $10 million to $20 million into the casino for some maintenance works regardless of north Jersey decision.
Now, a November referendum on letting casinos outside Atlantic City appears like a bypast conclusion. Atlantic City presently has 8 casinos, but more are anticipated to close if north Jersey possesses Las Vegas type casino gambling.