Carl Icahn Expected to Surrender Trump Taj Mahal License

January 07, 2017 / by: Gray Peterson

Donald Trump’s prospective candidate for the position of regulatory advisor and owner of Trump Taj Mahal in Atlantic City, Carl Icahn is expected to surrender the licenses for the property.

Reports from New Jersey Division of Gaming Enforcement (DGE) on Tuesday indicated that Icahn Enterprises had filed a petition to the regulator asking permission to give up its license on December 22. Taj Mahal closed its doors last October following months of industrial action that involved a workers’ union that was protesting the loss of health care benefits and employee pensions. Icahn Enterprises said that they were making losses of million dollars every day, something they attributed to the picketing outside the casino.

The announcement by DGE has laid to rest the perverse suspicion within the union, which claimed that Icahn had closed the Trump Taj Mahal to reopen it as a non-authorized business.

Legislators in New Jersey passed a bill which was aimed to punish Icahn for shutting down the Taj and also to prevent him from reopening it. The bill has not yet been signed into law, but it is up to Governor Chris Christie to sign it or use his power to veto the measure. However, in what is seen as a retaliatory measure, Icahn Enterprise has filed an application in New Jersey’s Superior Court seeking to have a deed restriction that will prohibit any person to reopen the property as a casino in future, unless they pay an unspecified fee.

Tagged with: Land-Based Gambling