‘The only one I ever knew was in New Jersey’: The story of Trump’s Taj Mahal that Rubio joked about
U.S. Secretary of State Marco Rubio joked about never visiting the Taj Mahal, referencing the Trump Taj Mahal casino in New Jersey.Summary
U.S. Secretary of State Marco Rubio, during a visit to the Taj Mahal in Agra, joked that he had never been to the iconic structure, stating, "The only one I ever knew about was the one in New Jersey that President Trump used to have." This comment referred to the Trump Taj Mahal casino in Atlantic City, which opened in 1990 as Trump's most ambitious real estate project. Named after the Indian monument, the casino was valued at $1.2 billion and featured lavish amenities, including chrome-domed minarets and a hotel tower. However, the venture was heavily financed by high-interest junk bonds, leading to immediate financial trouble. Despite strong initial business, the Taj Mahal filed for bankruptcy in 1991, and Trump eventually lost control of the property. In 2016, billionaire Carl Icahn purchased the casino out of bankruptcy, shut it down, and later sold it to Hard Rock International for $50 million. The property is now owned by the Seminole Tribe of Florida and operates as a Hard Rock casino.
(Source：Firstpost)