Taj Poker Room Overview - CLOSED Part of Trump Taj Mahal Casino. The Taj offers the second largest poker room in Atlantic City with 75 poker tables and another 14 tables in the tournament area. The Taj spreads all types of games including no limit and limit Hold' Em, Stud.
The Trump Taj Mahal’s best days are likely behind it, but the famed casino’s future in Atlantic City isn’t exactly bleak. The casino, now owned by Tropicana Resorts, appears ready to emerge from its Chapter 11 bankruptcy in relatively good shape.
Taj Mahal Attack
It’s only been two weeks since billionaire Carl Icahn‘s Tropicana Resorts was green lighted to take over the Trump Taj Mahal by the New Jersey Casino Control Commission, and Tropicana is already looking to recapture some of the Taj’s former glory, as it has announced the reopening of the famed Taj poker room.
The Taj, back in business
The announced reopening of the room was a welcome surprise for East Coast poker players on Monday thanks to the Taj’s place in poker lore.
The newly remodeled room is slated to reopen on Friday, May 13, with three weeks of special giveaways and promotions on the docket.
Here is the press release from Tropicana announcing the reopening of the Trump Taj Mahal poker room:
POKER RETURNS!
Starting 11 a.m. on Friday, May 13, 2016, Taj Poker is back in action, ready to deal players in. The iconic Taj Poker Room is back with a fresh look and new high-definition TV screens broadcasting an array of sporting events. Poker players should be sure to get “all in” on the action with their favorite Taj Poker Employees.
Taj Mahal Albuquerque
To celebrate the return of poker, the Taj is giving away a total of 50 32” TVs on the weekends of May 13, May 20 and May 27. Also starting May 13, poker players who play two hours can receive their choice of a Taj T-shirt or hat, while supplies last. Players will enjoy a full calendar of promotions and a variety of live games including Texas Hold’em, No-Limit Hold’em, Omaha, Stud, Pot Limit Omaha, Omaha High-Low and 7-Card Stud High-Low.
For more information on the new Trump Taj Mahal poker room, you can visit the revamped website here.
History of the Taj’s poker room
Following the legalization of poker in Atlantic City in 1992, the Trump Taj Mahal poker room was the hub of East Coast poker for a decade, before Borgata usurped their throne in the mid 2000’s. But The Taj was always a strong second fiddle, and its 48-table poker room was well trafficked throughout the poker boom, which made the closure all the more surprising.
When the room was shuttered in February of 2015, Trump Entertainment Resorts CEO Robert Griffinsaid it was for renovations and remodeling, and that the room would reopen in about six months.
With the company in bankruptcy, there was very little faith in the poker world that this was the case. For all intents and purposes, poker players suspected The Taj poker room, made famous in several scenes from the movie Rounders, had dealt its last hand of poker.
Fortunately, it hasn’t. The legacy of the Trump Taj Mahal poker room, “where the sand turns to gold,” will live on.
The Taj 2.0
With Icahn at the helm, the casino is now getting a reboot.
This is something Icahn excels at, after all, Icahn has completely turned around Tropicana AC after acquiring the casino in bankruptcy in 2010.
First, Icahn is pumping $15 million into the property right away to bring the casino up to a sufficient operating level.
Second, Icahn has promised to funnel $100 million back into his newly acquired property, so long as the North Jersey casino referendum isn’t passed this November.
If the larger investment is realized, the remodeled and renovated poker room is just the tip of the iceberg for The Taj. But everything seems to hinge on the casino referendum.
Tropicana President Tony Rodio was quoted by the Courier Post as telling the New Jersey Casino Control Commission that “the uncertainty of north Jersey (casinos) throws some uncertainty into what should be deployed.”
Rodio qualified this by saying future investment is not completely off the table should the referendum pass. “If I can put forth something I can show him that shows whether I will get a return, he’s never said ‘no’ to us at the Tropicana when we’ve come to him with something like that,” Rodio told the CCC.
Sean Pavone / Shutterstock.com
The Trump Taj Mahal in Atlantic City shut its doors Oct. 10, weeks away from the presidential election, reported The Associated Press.
The Taj Mahal had one of the more famous poker rooms for a number of years and was a favorite reference and inspiration for scenes in the film Rounders (Brian Koppleman said the scene where Matt Damon faces off with Johnny Chan was inspired by his stint in the WSOP against Phil Hellmuth).
“It was the place that you could go play without violating any laws and where, if you were someone who wanted to get better at poker and study the best players, you were there,” Koppelman said to The Associated Press. He created Showtime’s TV show, Billions with Rounders writing partner David Levien. “If you were someone who wanted to hustle people, you could go there and find tourists to hustle.”
The casino opened in 1990 after poker became legal in New Jersey. According to the Associated Press, it was made into a popular destination after the U.S. Poker Championship in 1996 where top players laid down $10,000, making it the first tournament on the East Coast to match the financial caliber of the World Series of Poker.
The opening of the Borgata Casino in 2003 began the downfall of the Taj poker room, with poker rooms in Connecticut (with Foxwoods Casino taking some of the New York market), Pennsylvania, Delaware and Maryland accounting for the rest of the poker room’s usual action.
Taj Mahal Construction
After closing for renovations in February 2015, the Taj Mahal opened back up in May. Two months later, a worker’s strike appeared to be the last straw for the casino.
In the casino’s final days, the controller was Carl Icahn, who told CNN it was a “sad day for Atlantic City.” After being unable to make an agreement with the striking union workers, Icahn couldn’t afford to run the casino, and so 3,000 workers lost their jobs instead with its closure just before 6 a.m. on Oct. 10.
Despite our best efforts, which included losing almost $350 million over just a few short years, we were unable to save the Taj Mahal.
“Despite our best efforts, which included losing almost $350 million over just a few short years, we were unable to save the Taj Mahal,” Icahn said in a statement Monday. CNN reported that the union workers were able to make deals with four other casinos in the city, including another that Icahn owned.
Donald Trump stepped down as chief executive officer over a decade ago, unloading the 17-acre (and over $1 billion to build) casino in 2009, according to Vanity Fair. He sued his own company to take his name off the casinos because the casinos did not meet his reputation and had fallen into a poorer conditions than he would have liked.
According to CNN, five other casinos have closed in Atlantic City since 2014, including Trump Plaza. Seven remain but two have filed for Chapter 11 bankruptcy protection: Bally’s and Caesar’s. These closures have by and large been called Atlantic City’s casino crisis by AP. Icahn decided Aug. 3 to close down the casino after realizing it could bleed $100 million in the next year.
Trump Taj Mahal was not without its struggles; it had financial problems almost since its inception, according to CNN’s analysis of Trump documents filed with the state gaming authorities.
The 1990 New Jersey Division of Gaming Enforcement report showed that Trump financed the casino with junk bonds (unable to cover payments with gaming operation profits), had less than $0 in its account four of the first 16 days of operation and had deep deficits reaching $1.7 million.
I have personally lived through Trump's economy. Mine was one of the middle-class jobs Trump created, then subsequently destroyed.
The Taj Mahal would file bankruptcy three times due to interest payments forcing them into the red (despite operating profit): in 1991, in 2004, in 2009, according to CNN. Initially in 1990, the state approved a $65 million bailout after the fear of closing was thought to potentially threaten the Atlantic City economy.
One of the casino’s former cocktail watresses, Valerie McMorris, was one of the 3,000 employees out of work (the casino’s total is 11,000 jobs lost to date). She worked for the casino for 26 years and is a Unite-HERE Local 54 union leader, who expressed to Refinery29 how initially the casino took care of its employees but over time it turned into a bait and switch.
“I'm remembering the excitement and anticipation of that 20-year-old girl, standing on that stage among hundreds of perfumed and decorated women,” she said to Refinery29. “We were promised decent jobs and golden futures. But in the past 26 years, I have personally lived through Trump's economy. Mine was one of the middle-class jobs Trump created, then subsequently destroyed.”
What Donald Trump once called the “eighth wonder of the world” is now something that he told AP shouldn’t have happened.
Taj Mahal Virtual Tour
“I felt they should have been able to make a deal,” Trump said to The Associated Press in another story. “It's hard to believe they weren't able to make a deal.”
Once the casino closes, Trump told AP it’s too expensive to reopen. Many employees who decided to strike told AP that they did not regret their actions and that this instance should give Icahn pause in the future.
Lead photo courtesy of Wikipedia.org
Taj Mahal Images
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