After Long Union Fight, Trump Taj Mahal Ironically Closing on Work Day Weekend

After Long Union Fight, Trump Taj Mahal Ironically Closing on Work Day Weekend

The Trump Taj Mahal is about to become the 5th Atlantic City casino to close its doors for good in 3 years. Its closing will signal a final end to your Trump casino brand once and for all.

Union members protest outside the Trump Taj Mahal, which will shut its doorways on September 4, 2016. Icahn Enterprises says it has lost $100 million on the venture.

In the middle of industrial action by members of the Unite Here Local 54 Union, who’ve been picketing the Taj for weeks, investor Carl Icahn has given up on the casino that is stricken will shutter it permanently on September 4.

That closure date hits right in the center of Labor Day, that will be a wild coincidence, or it might be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch attempt 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 corporate raider owned the bulk of its $286 million financial obligation, which he had been prepared to convert into equity.

Icahn additionally said he had been willing to invest $100 million within the property, if, and only if, he had been granted concessions that are certain the city. These included the short-term cessation of worker pension and healthcare advantages, which may have become the focus of the squabble between Icahn Enterprises and also the cas 阅读更多