Hard Rock International To Buy Atlantic City Taj Mahal

Hard Rock and its partners announced that they have reached a definitive agreement with the 100% subsidiary of investor Carl Icahn to purchase Atlantic City's former Taj Mahal.

Hard Rock International will become the majority shareholder of Hard Rock Hotel & Casino Atlantic City, which has been rebranded in partnership with the Morris and Jingoli families. The group will invest more than $300 million to buy, renovate and reopen casinos.

"We are excited to be part of the revitalization of Atlantic City, which creates thousands of jobs to help local employment," said Jim Allen, president of Hard Rock International. "We are 100% confident that Hard Rock Hotel & Casino Atlantic City will succeed."

The partnership, controlled mostly by Hard Rock International, will transform the existing Taj Mahal with a complete remodeling and rebranding of the property located on 17 acres of the boardwalk's main property, and will provide rooms with views of the city and the ocean from the building once listed as one of the Eight Wonders of the World. 동행복권파워볼

"Both the Morris family and the Gingoli family are honored and excited to partner with Hard Rock International to rebuild Atlantic City," said Jack Morris, CEO of Edgewood Property. "This is a once-in-a-lifetime opportunity that will be a part of revitalizing one of our country's most iconic destinations. Atlantic City has a rich and dynamic history and we are very proud to be able to help bring back that greatness."

The new Hard Rock Hotel & Casino is expected to create more than 3,000 jobs in Atlantic City from renovation to completion and have a lasting and significant impact on the local and regional economies, as well as the revitalization of Atlantic City.