The Trump Taj Mahal is mostly about to end up being the Atlantic that is fifth City to close its doors for good in 3 years. Its closing will signal end to your Trump casino brand forever.
Union members protest outside the Trump Taj Mahal, which will shut its doorways on 4, 2016 september. Icahn Enterprises says it has lost $100 million on the venture https://rubetting.club.
In the middle of industrial action by members of the Unite Here Local 54 Union, who have been picketing the Taj for days, investor Carl Icahn has abadndoned the stricken casino and will shutter it permanently on September 4.
That closure date hits right in the exact middle of Labor Day, that will be a coincidence that is wild or it might be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch try to conserve the Taj.
Icahn stepped in to rescue the casino in 2014, when its owners that are previous Trump Entertainment, declared bankruptcy. The billionaire raider that is corporate the bulk of its $286 million financial obligation, which he was ready to convert into equity.
Icahn additionally said he had been ready to invest $100 million within the home, if, and only if, he were granted concessions that are certain the town. These included the temporary cessation of worker pension and healthcare advantages, which may have become the focus of the squabble between Icahn Enterprises and the casino workers’ uni Continue reading