As New Jersey approved a new casino license law, the Taj Mahal venue could be sold.
US.- Atlantic City’s Taj Mahal casino would be seemingly on sale after the New Jersey Assembly approved a new gaming legislation. As casino operators are not be able to reuse their license in other venues once they decide to close their business in the State, Carl Icahn will not be allowed to install a new casino.
Carl Icahn, new owner of former Trump Taj Mahal, is allegedly talking to several gaming companies to sell the now closed gambling centre. After a major battle with unionised Taj Mahl workers, who held a relevant strike in July, the gaming magnate decided to shut down the casino. However, the local media reported that Icahn’s intentions were to reopen the Taj Mahal without unionised workers and under a new name.
But the strategy was paralysed by the recent New Jersey legislation, which suspends for five years the gaming licenses owned by operators who close their casinos. Gaming companies in New Jersey, especially in Atlantic City, are very expectant about the law, as the State’s Governor Chris Christie has not signed it yet.