APNewsBreak: Court papers filed to close another Atlantic City casino, Taj Mahal, on Dec. 12

Markets Associated Press

The owner of the struggling Trump Taj Mahal Casino Resort in Atlantic City, New Jersey, has filed court papers to close it by next month, making it the fifth of the city's 12 casinos to shut down this year.

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Trump Entertainment Resorts says in a Delaware bankruptcy court filing obtained by The Associated Press on Friday its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package.

The filing says Trump Entertainment has notified state casino regulators of its intention to close and is preparing to cease operations.

Company officials say in court papers the closing will happen because they haven't received the state and local tax breaks they sought.