Carl Icahn and his management team are asking state gambling regulators for permission to shut down the Trump Taj Mahal casino next month.
US.- Billionaire Carl Icahn and his management team are asking the New Jersey Division of Gaming Enforcement for permission to shut down the Trump Taj Mahal casino next month.
Carl Icahn announced on Aug. 4 his plan to close the casino. However, nearly a month passed without formally asking regulators for permission to do it and some strikers began questioning whether Icahn truly planned to close it or whether the shutdown threat was a bluff to get the striking union to accept the casino’s final offer.
The petition indicates that Carl Icahn is serious about closing the Taj Mahal. He says it’s losing millions of dollars a month whilst the city’s main casino workers union carries out a strike against it.
The petition was filed on September 2 but it wasn’t made public by the state until Friday. New Jersey’s approval of shutdown plans is required before a casino can close. Similar petitions for the four casinos that shut down in 2014 all were approved. Trump Taj Mahal plans to close at 6 AM on October 10. But it will begin winding down some table games as soon as September 26.
Local 54 of the Unite-HERE union is demanding to restore health insurance and pension benefits that a bankruptcy judge terminated in 2014 before Icahn officially owned the Taj Mahal. During the bankruptcy, Icahn had been keeping the casino afloat financially as its lender.