Carl Icahn Rues The Day His Assistant Told Him Trump Taj Mahal Was On The Line

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Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino “will almost certainly close.” The would-be purchaser of the casino told the Associated Press on Thursday night that the casino’s finances are dire. Four of Atlantic City’s 12 casinos have closed this year, and the Taj Mahal would be the fifth. Mr. Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won’t back out of a deal he made with owner Trump Entertainment Resorts to acquire the Taj Mahal and pump $100 million into it, he wishes he never answered the phone when the company first called him about it. “One overriding fact is perfectly clear: The Taj is quickly running out of money and will almost certainly close,” Mr. Icahn said. [WSJ]

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"You know who I can relate to? I’m nothing like Alexander the Great and I don’t want it to be misconstrued that way, but I was reading his biography and I can relate to one aspect about the guy. He could have stayed in Persia and had a nice life. Instead, he went off and fought a new fight. That’s how I can relate. I don’t like just sitting there. I enjoy the hunt much more than the “good life” after the victory." [BreakingViews via BI]