Trump Taj Mahal closing 1 hotel tower, stops issuing credit; has asked state for OK to close

Trump Entertainment Resorts is closing its newest hotel tower and is no longer issuing credit as it prepares for a Dec. 12 shutdown of the Taj Mahal, its lone remaining casino.

The company filed a petition last week asking the state for formal permission to close the casino.

In the petition, which was released Monday by the state's Gaming Enforcement Division, the company says it is closing its Chairman Tower and would stop issuing credit as of Monday.

Company officials did not respond to requests for comment on Monday.

Trump Entertainment has been in talks with its union and state officials on ways to save the casino and its 3,000 jobs. They hinge on the union withdrawing its appeal of a court-ordered cost-cutting plan.