By Real Estate NJ
A bill that is headed to Gov. Chris Christie’s desk would impose a five-year casino license suspension on billionaire investor Carl Icahn, who owns the shuttered Trump Taj Mahal in Atlantic City.
A report by The Record on Tuesday noted that Icahn, an ally of President-elect Donald Trump, would be the only casino owner affected by the bill, despite the fact that four other gaming halls in the city have closed in recent years. The other four ceased operations in 2014 amid increased competition within the gaming industry, but the bill only affects those that closed on or after Jan. 1.
The Taj Mahal closed in October after Icahn and union casino workers could not reach an agreement on health care and other benefits. Icahn, who has questioned whether the bill is constitutional, assumed control of the casino in February after the operating company emerged from bankruptcy proceedings.
It was not clear Tuesday if Christie would sign the bill, the report said.
For more, see Tuesday’s story by The Record.
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