Today, the Taj Mahal’s now-faded and frayed façade reveals what Trump wasn’t saying in 1990: that his casinos were failing – and that he almost brought down the city. This is the Trump Taj Mahal Casino Resort, a behemoth of a building about to be thrust upon the world by Donald Trump, who already owns a sizable chunk of this South Jersey resort town. In this April 5, 1990 file photo, Donald Trump stands next to a genie lamp as the lights of his Trump Taj Mahal Casino Resort. In its first year, the casino filed for bankruptcy and had... The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s, according to the IRS in a 1998 settlement agreement. The Taj Mahal was initially conceived by Resorts International as a grand replacement for its original casino, a refurbished old hotel that gave Resorts a head start when gambling was legalized... Trump described himself in documents as the “sole Shareholder of Trump Taj Mahal, Inc.” The consequences of the Taj bankruptcy rippled through Atlantic City and Donald Trump’s empire. What inspired ''The Donald'' in his latest I-told-you-so mood was the opening last week of his third Atlantic City casino, the Trump Taj Mahal. On April 2 1990, Trump Taj Mahal, the twelfth and largest casino in Atlantic City, opens for business. Dubbed the 'eighth wonder of the world,' it cost in excess of $1 billion to build. The casino was inaugurated in 1990 by its owner, Donald Trump, and was built at a total cost of nearly US$1 billion. Original restaurants at the Taj Mahal included Hard Rock Cafe, Sultan's Feast, Dynasty, Il Mulino New York, Moon at Dynasty, and Robert's Steakhouse.
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