If timing is everything, in business and in politics, then this concurrence is sublime. The Trump Taj Mahal, the iconic New Jersey hotel that Donald Trump once called the “eighth wonder of the world,” is closing down, less than four weeks before Election Day, as its former owner reels from the publication of a damning Access Hollywood tape in which he can be heard boasting about groping women without their permission.

The minaret-studded casino, which for nearly a quarter century was a cornerstone of the Atlantic City boardwalk, officially shut its doors before 6 a.m. Monday after failing to reach a deal with union workers, who have been striking for months.

Although the Republican presidential nominee no longer has any financial interest in the hotel, it still bears his name. Trump stepped down as C.E.O. more than a decade ago and unloaded the casino in 2009. Earlier this year, Carl Icahn, Trump’s fellow billionaire friend, whom the candidate once floated as a potential Treasury Secretary if he is elected president, bought the property out of bankruptcy. The bet didn’t work out for Icahn, who said in a statement that the casino has hemorrhaged nearly $350 million in a few years. The closure leaves about 3,000 employees out of a job.

“It was simply impossible to find a workable path forward that would not have required funding additional investments and losses in excess of $100 million over the next year,” Icahn wrote.

The Trump Taj Mahal, a 17-acre Jersey Shore gambling hub which cost more than $1 billion to build, was a losing proposition since it opened its doors in 1990. A report from CNN this summer found that the casino started bleeding money almost immediately, before filing for bankruptcy four times.

About two weeks after the Trump Taj Mahal opened, the now-G.O.P. nominee told Larry King in an interview that his new venture was “a tremendous success.” In reality, according to CNN, the casino’s bank account had less than zero dollars on four of the first 16 days that it had been open, amassing deficits of up to $1.7 million. Later that year, New Jersey approved a $65 million bailout for the hotel, and it filed for bankruptcy for the first time a year later.

Trump’s decades-old sit-down with King, in which he boasted about the success of his casino while it floundered financially, will sound more than familiar to anyone who has paid attention to the billionaire’s often baseless swaggering throughout the election: his post-debate claim that he’s won both showdowns with Hillary Clinton, for example, despite polls to the contrary; or his insistence that he treats women with respect, even as he attacks their weight, calls them “pigs,” and brags about groping them. If the Trump Taj Mahal was the eighth wonder, then the ninth has to be whatever reality Trump is living in. Now it’s a question of when that will close in on him, too.