The news hit many tied to the Taj Mahal like a ton of bricks Thursday afternoon, billionaire investor Carl Icahn pulled out of a deal that would have kept the Taj open.

We signed it, and the Trump CEO signed as well. At noon today, we were told that Carl Icahn had gone back on his commitment and would not enter into the agreement.

However, according to a breaking news report from the Press of Atlantic City, Icahn may not be completely walking away.

The Press reports that Icahn is willing to pledge an additional $20 million to see the company through bankruptcy proceedings.

Union president Bob McDevitt posted on the union's Facebook page, "we signed it, and the Trump CEO signed as well. At noon today, we were told that Carl Icahn had gone back on his commitment and would not enter into the agreement."

According to the Press, after months of uncertainty, it appears the casino will close its doors 6:00 a.m. on Saturday.

This story is still developing and we will bring you any information just as soon as it becomes available.