New Jersey

New Jersey Lawmakers Pass Bill Targeting Carl Icahn-Owned Casino

Carl Icahn may need to return to the bargaining table with Trump Taj Mahal's union workers if he wants to reopen the shuttered casino anytime soon.

The New Jersey Assembly on Monday voted 60-17 to approve a bill that prevents the owner of a casino to shut it down, and then reopen it a short time later without employing unionized workers, according to the Associated Press.

The bill, which still needs Gov. Chris Christie's signature, specifically targets Icahn since it would impose a 5-year gaming license suspension to anyone who shut down a casino after January 2016.

The billionaire investor closed the Taj in October after months of failed negotiations with UNITE Here Local 54. The shutdown put nearly 3,000 workers out of a job.

Lawmakers told the AP the legislation, while only impacting the Taj and not the four other casinos previously closed in Atlantic City, is meant to keep casino owners from sitting on the licenses for years. Assemblyman John Burzichelli told the outlet this will inhibit casino owners from "manipulating the licensing system."

To read the full article, click here.

For more business news, visit Philadelphia Business Journal. 

Copyright bizjournal
Contact Us