Atlantic City undergoing major facelift after disastrous decline Icahn, who also owns Atlantic City’s Tropicana Casino and Resort, said he decided one casino in town is enough. He said in January he had lost about $300 million owning the Taj Mahal, and would be delighted if for half that amount. Are extremely happy with our ownership of the Tropicana Casino and Resort, and after considerable analysis and deliberation we determined that we only wanted to own one operating casino property in Atlantic City,” he said in a statement Wednesday night. “A sale of the Taj Mahal therefore represents the optimal outcome for us. We wish Hard Rock and its partners the best of luck with the Taj Mahal.” Atlantic City Mayor Don Guardian reacted to the news by saying, “Today is just another example of that optimism and resiliency,”. “Having professional investors like the Hard Rock International group invest in the Taj Mahal will reinvigorate that end of the boardwalk, which includes the Showboat and the Steel Pier,” he said.