CDC GAMING REPORTS / AP: … Trump Entertainment intends to hand itself over to billionaire investor Carl Icahn, who would cancel the $286 million in company debts he owns in return for ownership of Trump Entertainment. Icahn would invest $100 million into the Taj Mahal, but only if he can get significant state and local tax breaks – requests that thus far have been rejected at every level of government.filed a petition last week with the state Division of Gaming Enforcement asking for formal permission to close the casino. The company said it was taking two actions effective Monday, the day the filing was made public: closing the Chairman Tower, the newer of its two hotel towers, and halting the issuance of credit…
Trump Entertainment has been in talks with its union and state officials on ways to save the casino and its 3,000 jobs. They hinge on the union withdrawing its appeal of a court-ordered cost-cutting plan that terminated the contract with Local 54 of the Unite-HERE union, freeing the company from costly health insurance and pension costs…
Trump Entertainment intends to hand itself over to billionaire investor Carl Icahn, who would cancel the $286 million in company debts he owns in return for ownership of Trump Entertainment. Icahn would invest $100 million into the Taj Mahal, but only if he can get significant state and local tax breaks – requests that thus far have been rejected at every level of government.(more)
