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"Billionaire Carl Icahn’s Atlantic City management team is holding out the possibility of reopening or selling the shuttered Trump Taj Mahal casino, but says a bill pending in the New Jersey Legislature would make it impossible to do either.", www.reviewjournal.com
"ATLANTIC CITY, N.J. (AP) — Billionaire Carl Icahn's Atlantic City management team is holding out the possibility of reopening or selling the shuttered Trump Taj Mahal casino, but says a bill pending in the New Jersey Legislature would make it impossible to do either. The New Jersey state Senate is to vote Thursday on a bill that would effectively punish Icahn for shutting down the Taj Mahal on Oct. 10, stripping him of a casino license for the property for five years. Tony Rodio, who ran the Taj Mahal for Icahn, said the proposed bill would prevent the company from reopening the casino and restoring lost jobs. Many union workers say they suspect the company will try to reopen the Taj Mahal in the spring as a nonunion facility following a 102-day strike by Local 54 of the Unite-HERE union that lasted until the casino's final day.", www.ctpost.com
"The business now belongs to Trump's friend and fellow billionaire Carl Icahn, who decided he can no longer support a casino losing millions of dollars each month amid a crippling strike. Icahn told The Associated Press Wednesday he has lost nearly $100 million on the Taj Mahal in the past 18 months, including money he spent to keep it afloat during bankruptcy court before he even owned it. The job losses will be in addition to 8,000 workers who became unemployed when four Atlantic City casinos closed in 2014. Having lost ownership of the company to bondholders in a previous bankruptcy, Trump resigned as chairman of Trump Entertainment Resorts, retaining a 10 percent stake in return for the use of his name. The central issue in the strike is restoration of health insurance and pension benefits that previous owners got a bankruptcy court judge to approve in October 2014. [...] he'll have to live with what he's done to working people in Atlantic City.", www.sfgate.com
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