Taj Mahal is against new casinos
This month New Jersey will confirm its position with more casino licenses.
US.- Yesterday, magnate Carl Icahn, a Taj Mahal investor, threatened to stop his businesses in New Jersey if the state keeps spurring the licenses for two more casinos in North Jersey. Icahn reminded that he plans to invest US$100 million in the Trump Taj Mahal casino that he bought last week.
As the current owner of Tropicana, located also in Atlantic City, he states that the competition wouldn’t be profitable so it would be worthless to invest in the gaming city. “They are for gaming in north Jersey, which as everyone knows would destroy thousands of jobs in Atlantic City and south Jersey. It would result in even more home foreclosures and further devastate an already devastated region, as well as mortally wounding Atlantic City’s great potential as a resort and will also obliterate the hope for job growth, not only in AC but also the Jersey Shore and south Jersey,” Icahn complained.
The investor accuses politicians to change the rules in the middle of the game. He also comments that government deemed to support regulations that would relive the region not allowing new casinos nearby. “Based on these assurances, hundreds of millions of dollars were invested. If now they are broken and Atlantic City is abandoned by politicians in favor of North Jersey gaming, would anyone ever invest in the great state of New Jersey knowing that the assurances of political leaders in New Jersey mean nothing?,” he provoked.
