NEW OWNERSHIP GROUP WILL INVEST MORE THAN $300 MILLION TO OPEN REBRANDED HARD ROCK HOTEL & CASINO ATLANTIC CITY
Orlando, FL – March 1, 2017 – Hard Rock International unveils plans for Hard Rock Hotel & Casino Atlantic City. Today, Hard Rock and its partners announced they have reached a definitive agreement with a wholly-owned subsidiary of investor Carl Icahn to purchase Atlantic City’s former Taj Mahal.
Hard Rock International will be majority owner of the rebranded Hard Rock Hotel & Casino Atlantic City in partnership with the Morris and Jingoli families. The group will invest more than $300 million to purchase, substantially renovate and re-open the casino.
“We are excited to be part of this revitalization of Atlantic City creating thousands of jobs to help local employment,” states Jim Allen, chairman of Hard Rock International. “We are 100 percent convinced Hard Rock Hotel & Casino Atlantic City will be a success.”
Orlando, Fla., February 26, 2015 – At this time, Hard Rock International intends to operate its Atlantic City cafe location through the balance of its lease. The company will not close the location unless the Taj Mahal, the casino in which the cafe resides, closes. Conditional notices required under the Worker Adjustment and Retraining Notification (WARN) Act were issued to employees in the event that the Taj Mahal bankruptcy plan is not approved, resulting in the closure of the Taj Mahal. These notices provide employees with appropriate advance notice of the possibility of Taj Mahal closure.