Atlantic City's Taj Mahal

Hard Rock International want to purchase Atlantic City’s Taj Mahal

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Hard Rock and its partners have announced they want to purchase Atlantic City’s Taj Mahal after the company have reached a definitive agreement with a wholly-owned subsidiary of investor Carl Icahn.

Hard Rock International is to become majority owner of the rebranded Hard Rock Hotel & Casino Atlantic City, after the partnership with the Morris and Jingoli families. The group will thus invest over $300 million to buy, greatly renovate and re-open the casino.

Jim Allen, chairman of Hard Rock International:

“We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment. We are 100% convinced Hard Rock Hotel & Casino Atlantic City will be a success.”

The partnership with the majority controlled by Hard Rock International, will turn the existing Taj Mahal into a complete remodel and rebrand of the property.   Atlantic City’s Taj Mahal is located on 17-acres of prime Boardwalk real estate, providing guestrooms with views of the city and ocean in the building which was once named the 8th wonder of the world.

Jack Morris, CEO of Edgewood Properties:

“Both the Morris and Jingoli families are honored and excited to partner with Hard Rock International in the rebuilding of Atlantic City. This is a once-in-a-lifetime opportunity to be a part of revitalizing one of our nation’s most iconic destinations. Atlantic City has a rich and dynamic history and we are so proud to help recapture that greatness.”

From its renovation to completion, the new Hard Rock Hotel & Casino is expected to create over 3,000 jobs for Atlantic City and bring an ongoing and significant impact to the local and regional economies, together with the revitalization of Atlantic City.

Hard Rock International want to purchase Atlantic City’s Taj Mahal was last modified: March 6th, 2017 by CasinoNews.Today
Source: Hard Rock