(10/10/16) - Donald Trump opened his Trump Taj Mahal casino 26 years ago, calling it "the eighth wonder of the world."

But his friend and fellow billionaire Carl Icahn is closing it this morning, making it the fifth casualty of Atlantic City's casino crisis.

The sprawling Boardwalk casino will shut its doors at 5:59 a.m. Eastern Time, having failed to reach a deal with its union workers to restore health care and pension benefits that were taken away from them in bankruptcy court.

Nearly 3,000 workers are losing their jobs, bringing the total jobs lost by Atlantic City casino closings to 11,000 since 2014.

Trump tells The Associates Press he thinks both sides should have been able to reach a deal to save the casino.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)