The Taj Mahal was designated as a UNESCO World Heritage Site in 1983 for being 'the jewel of Muslim art in India and one of the universally admired masterpieces of the world's heritage'. It is regarded by many as the best example of Mughal architecture and a symbol of India's rich history.
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Hard Rock Hotel & Casino Atlantic City
A giant greeting sign, outside of the main entrance
Location	Atlantic City, New Jersey
Address	1000 Boardwalk
Opening date	April 2, 1990 (as Trump Taj Mahal), June 28, 2018 (as Hard Rock)^[1]
Closing date	October 10, 2016 (as Trump Taj Mahal)
Theme	Rock and roll
No. of rooms	1,971 ^[2]
Total gaming space	167,000 square feet (15,500 m²)
Permanent shows	The Theater Ego Lounge Blue Velvet Theater Scores
Signature attractions	Steel Pier Hard Rock Live
Notable restaurants	Hard Rock Cafe, Council Oak Fish, The Sugar Factory, Fresh Harvest Buffet, Il Mulino, Song Chinese Restaurant, The Flavor Tour, Dynasty, Robert's Steakhouse, White House Sub Shop, Maharaja Express & Salad Express, Fralinger's Salt Water Taffy, Youyu Noodle Bar, Trattoria Il Mulino, Plate American Cafe
Casino type	Land
Owner	Hard Rock International
Operating license holder	Seminole Tribe of Florida
Previous names	Resorts Taj Mahal (pre-opening) Trump Taj Mahal (1990–2016)
Renovated in	2008, 2018
Coordinates	39.3587° N, 74.4198° W
Website	www.hardrockhotelatlanticcity.com

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The Hard Rock Hotel & Casino Atlantic City (formerly Trump Taj Mahal) is a casino and hotel on the Boardwalk, owned by Hard Rock International, in Atlantic City, New Jersey, United States.^[3]

The casino, originally known as the Trump Taj Mahal, was inaugurated by its then-owner Donald Trump in 1990, and was built at a total cost of nearly $1 billion USD. Originally Restaurants at the Taj Mahal included Hard Rock Cafe, Sultan's Feast, Dynasty, Il Mulino New York, Moon at Dynasty, and Robert's Steakhouse. It was also the home of Scores, the country's first in-casino strip club.

The Taj Mahal came to the brink of closure in 2014 as its parent company went through bankruptcy, but ultimately remained open under the new ownership of Icahn Enterprises. In 2015, the Taj Mahal admitted to having “willfully violated” anti-money-laundering regulations for years and was fined $10 million. It was the highest penalty ever levied by the U.S. federal government against a casino. On August 3, 2016, it was announced that the Trump Taj Mahal would close after Labor Day, because of casino workers on strike.^[4] It was closed on October 10, 2016.

On March 1, 2017, the Seminole Tribe of Florida through its Hard Rock International brand, and the Morris and Jingoli families, announced its purchase of the facility and conversion to the Hard Rock Hotel and Casino brand. It reopened on June 27, 2018, a day earlier than planned.^[5]^[6]

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1History

History[edit]

Trump Taj Mahal era: 1990–2016[edit]

Construction of what was originally known as the Taj Mahal commenced in 1983 by Resorts International, owner of the neighboring Resorts Casino Hotel, with an estimated budget of $250 million.^[7]^[8] Resorts head James Crosby said it might be named the United States Hotel, in reference to the city's first major hotel.^[9]

After Crosby's death in April 1986, Resorts International became a takeover target.^[10] The Taj Mahal had encountered construction problems, and Crosby's heirs, lacking experience in large development projects, doubted their ability to complete it successfully.^[11]Donald Trump, who owned two other Atlantic City casinos, beat out several other bidders to purchase a controlling stake in the company for $79 million in July 1987.^[12] Trump was appointed chairman of Resorts International, and said he would complete the Taj Mahal in about a year.^[12]

Because New Jersey law prohibited anyone from owning more than three casinos, Trump planned to close the original Resorts casino and operate it as a hotel annex to the Taj Mahal.^[13]^[14]

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As the total budget had ballooned to $930 million, Resorts sought to raise $550 million to complete the Taj Mahal, but struggled to find the financing.^[15] With the company claiming to be near bankruptcy in early 1988, Trump made a tender offer to buy all outstanding stock for $22 a share, stating that he was willing to personally finance the construction, but only if he owned the entire company.^[16] Television producer Merv Griffin made an unexpected offer to purchase the company for $35 a share,^[17] sparking a highly publicized takeover battle,^[18] with Trump and Griffin filing lawsuits against each other.^[19] The two ultimately reached a settlement, which was executed in November 1988, with Griffin purchasing the company, and Trump purchasing the Taj Mahal from the company for $273 million.^[20]

Trump raised $675 million to finance the purchase and completion of the casino, primarily through junk bonds with a 14 percent interest rate.^[21]^[22]

The casino opened on April 2, 1990.^[23] With 120,000 square feet (11,000 m²) of gaming space, it claimed to be the largest casino in the world (though this was disputed by the Riviera),^[24] and billed itself as the 'eighth wonder of the world'.^[25] An elaborate grand opening ceremony was held three days later.^[26]

In 1991, the Taj Mahal went through a prepackaged bankruptcy, resulting in Trump giving a 50 percent stake in the business to its bondholders in exchange for lowered interest rates and a longer payoff schedule.^[27]^[28]

Trump's new publicly traded company, Trump Hotels & Casino Resorts, purchased the Taj Mahal in 1996, in a transaction that valued the property at $890 million.^[29]^[30] In the 1990s, Trump's Taj Mahal casino was 'the world's largest, most flamboyant casino' and Trump took on an 'enormous amount of debt' to launch it.

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