Atlantic City’s Trump Taj Mahal Will Remain Open
Trump Taj Mahal was scheduled to close Saturday morning at 6AM.
That's not going to happen anymore. 3,000 jobs will be saved. Billionare Carl Icahn will keep the casino open. Here's the latest from The New York Post:
“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.
The union, Unite Here 54, which has been operating without a contract since Sept. 15, got pretty much what wanted with only hours before a pre-shutdown deadline, sources said.
Icahn had been fighting to have the right to outsource some services, including non-union restaurant workers.
The union’s lone concession to Icahn was allowing him to pay pension benefits to a plan only tied to the Taj, and, perhaps, the neighboring Tropicana casino, which he owns, instead of one tied to several struggling Atlantic City casinos.”