![]() It said cost-cutting negotiations with the main casino workers’ union have stalled, and that the company is preparing notices warning employees the Taj Mahal may close on Nov. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of between US$100 million and US$500 million, and assets of no more than US$50,000. It’s the fourth such filing for the struggling casino company or its corporate predecessors. The company owns Trump Plaza, which is closing in a week, and the Taj Mahal, which has been experiencing cash-flow problems and had been trying to stave off a default with its lenders.
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