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Billionaire activist investor Carl Icahn said on Monday he planned to sell his shuttered Trump Taj Mahal casino in Atlantic City, New Jersey, likely bringing an end to his troubled relationship with the city. Icahn, a special adviser to U. Icahn closed the year-old Taj Mahal in October after failing to reach a new contract with union employees.
New Jersey legislators accused him of planning to close the casino only briefly in order to reopen it shortly after with lower wages and benefits this web page employees. In an taj casino in atlantic city to prevent that, the state's legislature last year passed a bill that would disqualify individuals who closed a casino since January from holding a gambling license in the state for five years.
That taj casino in atlantic city was vetoed on Monday by New Jersey Governor Chris Christiecontinue reading Republican, who called it a transparent attempt to punish the owner of the Taj Mahal casino.
Despite the fact Christie vetoed the bill, Icahn railed against the sponsor of the legislation, New Jersey Senate President Stephen Sweeney, a Democrat, on his website on Monday. I believe other large investors will similarly have no interest in investing taj casino in atlantic city amounts in Atlantic City or New Jersey as long as Sweeney is in control of the Senate, he said. The only person who will benefit from this veto will be billionaire investor Carl Icahn," said Sweeney.
The veto "will allow Icahn to exploit and manipulate bankruptcy laws and casino licensing regulations in ways that would enrich himself at the expense of regular casino workers and the families who depend on them. The Taj Mahal was once the flagship of Trump's casino empire, which at its taj casino in atlantic city had four properties, three of them in New Jersey.
Trump lost control of the casinos through a series of bankruptcies with Icahn ultimately emerging as the sole owner of the Taj Mahal. The casino is owned by Icahn Enterprisesthe taj casino in atlantic city firm controlled by Icahn. Trump named Icahn as a special adviser to his administration in December, tasked with helping him overhaul federal regulations.
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Register Log In Profile Email Preferences PRO Sign Out. Icahn to sell closed Trump Taj This web page casino in Atlantic City Published 8: A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City, New Jersey.
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