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Trump Taj Mahal Survives Bankruptcy by Joining Icahn Empire
Michael Bathon and Steven Church
Updated on
Trump Entertainment Resorts Inc.’s Taj Mahal in Atlantic City, New Jersey, will survive as part of billionaire Carl Icahn’s empire under a bankruptcy restructuring plan approved by a federal judge Thursday.
Trump Entertainment, which also owns the shuttered Trump Plaza, adds to Icahn’s gaming venues in the downtrodden seaside town, joining the Tropicana, which the investor acquired out of bankruptcy five years ago.
