InvestorsHub Logo
Followers 5
Posts 1453
Boards Moderated 0
Alias Born 06/24/2006

Re: None

Thursday, 12/18/2014 11:12:39 AM

Thursday, December 18, 2014 11:12:39 AM

Post# of 2833
Carl Icahn is saving Atlantic City’s second-biggest casino, the Trump Taj Mahal, The Post has learned.

The bankrupt, nearly 25-year-old casino was scheduled to close its doors Saturday morning.

The move will save 3,000 jobs.

The union representing roughly 1,100 casino workers, which had been seen as a stumbling block to keeping the Taj Mahal open, is expected Wednesday evening or Thursday morning to execute a new agreement with management, two sources said.

Icahn, the billionaire investor who owns all of the $292 million in Taj Mahal bank loans, conceded Wednesday to the union’s demands to restore all work rules after earlier agreeing to restore just health care and some pension benefits, two sources close to the negotiations said.