Carl Icahn Files Closing Paperwork for Trump Taj Mahal
Carl Icahn Files Closing Paperwork for Trump Taj Mahal Carl Icahn wasn’t joking about closing the Trump Taj Mahal casino in Atlantic City. Icahn will be chalking

Carl Icahn wasn’t joking about closing the Trump Taj Mahal casino in Atlantic City.
Icahn will be chalking up the ‘investment’ as being a $100 million loss.
Thousands of jobs will be lost and the livelihoods of numerous families will be thrust into jeopardy.
It’s strike three for the Local 54 union at the Trump Taj Mahal, as Carl Icahn is dancing with closing the resort.
Members for the Unite Here regional 54 union walked off the job on July 1 in protest of wellness and pension benefits. Following 30 days of much picketing but little negotiating, Icahn announced their plans to shutter the home this fall.
There was some hope that the 2 sides could come together and avoid Atlantic City’s 5th casino closure since 2014. But on September 2, Icahn made his move official.
In newly released documents from the latest Jersey Division of Gaming Enforcement (DGE), Icahn’s company states, ‘As results of the ongoing Local 54 hit and the vast amounts it has cost the Taj Mahal, Trump Entertainment Resorts (TER) no longer sees a way to profitability.’
Noon Check-out
DGE regulations require casinos to detail their closing plans. Owners must explain just how unused liquor will be discarded or sold, and whether the gambling machines will likely be transferred to a new casino or be stored elsewhere.
Casino chips must additionally be properly disposed.
The Trump Taj Mahal will continue arrival that is accepting until Saturday, October 8. All guests must checkout of the hotel by 12 noon the day that is following.
The casino and resort will formally shut at 5:59 am on October 10 monday.
Taj Gift cards, credit, comp bucks, vouchers, and other promotional offers will all be rendered null and void on October 10.
Union Strikeout
The Trump Taj Mahal was built in 1990 at a high price of $1 billion. Billed by Donald Trump as the ‘eighth wonder worldwide,’ the now-GOP candidate that is presidential their Atlantic City interests last year amid his casino business’s bankruptcy and restructuring.
Trump sold TER to a hedge fund in 2009. After TER again fell into bankruptcy, Icahn purchased the hospitality and gaming business in 2016.
A bankruptcy court allowed Icahn to cancel specific benefits for Taj workers as he bought the casino that is bankrupt in March. He told the union that he needed more time before restoring benefits for their levels that are previous.
In addition to the renovation of their medical and pension advantages, regional 54 bartenders that are striking wait staff, chefs, and housekeeping service people also demanded increased hourly wages.
Icahn stated it wasn’t feasible. That angered union officials who noticed that Icahn is worth tens of bucks.
‘ For the few million bucks, he could have had labor comfort and a content work force,’ Unite right Here Local 54 President Bob McDevitt said. ‘ But rather he’d rather slam the door shut.’
Icahn claims he appears to lose $100 million regarding the Trump Taj Mahal.
‘McDevitt august has proven over and over that he has no regard for the truth,’ Icahn said in late. ‘ The best thing that could happen for Atlantic City is for McDevitt to go out of, and I’d joyfully purchase him a one-way air plane admission and pay his moving costs.’
RAWA Supporters Chaffetz and Adelson Find Common Ground in Politics and Internet Security
Utah Representative Jason Chaffetz (R) and Las Vegas Sands CEO Sheldon Adelson (also definitely a Republican) involve some connective tissue whenever it comes down to their views on who they hope becomes the next US president. Each may be focused in slightly different guidelines, but their six degrees of separation whenever it comes down to their eyesight for America going forward makes them political bedfellows nonetheless.
The FBI got served this week by Rep. Jason Chaffetz of Utah regarding the grounds that the agency has to turn over all documents associated with its investigation of Hillary Clinton’s emails. (Image: Committee on Oversight & Government Reform)
Adelson has outright come away in support of Donald Trump, donating a reputed $100 million via a super PAC to your billionaire that is fellow campaign efforts. While Chaffetz’ support may be somewhat more reluctant, their unbridled hatred for Democratic opponent Hillary Clinton has forced him to straight back the casino mogul that is former.
‘. . . [it’s a] no-brainer for me personally,’ said Chaffetz back May, also before Trump’s nomination was sealed up. ‘Hillary Clinton as president is definitely a scary scenario, so I think the country will see it the way that is same. [Trump] wasn’t my first option, but my number 1 goal is to maybe not allow Hillary Clinton to become the next president of the United States.’
House of Guards
Compared to that final end, Chaffetz has no intention of letting Clinton’s ongoing e-mail debacle fade away.
During the House Committee on Oversight and Government Reform’s hearing this week, Chaffetz asked FBI legislative liaison Jason Herring if the FBI will turn over all documents to the committee relating to the agency’s investigation of Hillary Clinton’s personal e-mail server. When Herring said he could perhaps not make that commitment, Chaffetz issued a subpoena immediately.
‘I’m going to issue a subpoena, and I’m going to do it today,’ Chaffetz, who chairs the committee, said. ‘I’ve signed this subpoena . . . we would like complete file. You can accept service on behalf of the FBI?’
‘Certainly,’ Herring answered.
‘You are hereby served,’ Chaffetz declared.
As soon as known into the gaming community simply as billionaire casino bigwig Adelson’s congressional RAWA puppet, Chaffetz has ver quickly become enemy number 1 associated with FBI. The Oversight’s meeting this titled ‘Classifications and Redactions in FBI’s Investigative File,’ was for federal agencies to explain why their reports to Congress came with substantial redactions and omissions of evidence week.
The Utah congressman introduced the Restoration of America’s Wire Act (RAWA), the gambling that is anti-online, right back in February of 2015. The measure has largely failed to gain any traction in either branch of Congress, nonetheless it’s unlikely Adelson will allow it die, having vowed to ‘spend whatever it requires’ to view it pass.
The reality, and Everything But the facts
Chaffetz believes Clinton might have put America in danger by hosting classified information on unsecured email servers.
Ironically, one of RAWA’s main arguments is the online world cannot be properly secured or managed, and so online casinos cannot adequately protect against underage gambling, money laundering, and other activities that are illegal.
In July, Chaffetz’ Oversight Committee grilled FBI Director James Comey, aswell as US Attorney General Loretta Lynch, on how the FBI found the conclusion they would forego recommending criminal fees against the Democratic candidate.
Chaffetz described himself at that time as being a ‘kid in a candy shop’ while interrogating Comey. He asked why Clinton, who testified under oath it found evidence to the contrary that she didn’t send or receive classified information on her private server, wasn’t charged when the FBI admitted.
Comey deflected by explaining that the FBI discovered no intent on Clinton’s component to provide statements that are false. Chaffetz responded, ‘It’s reasonable to think that the secretary of state would get classified information every moment! She actually is not the head of seafood and wildlife!’
Lynch showed up prior to the committee the following week, but provided little further understanding.
‘having less clarity you share with this body is pretty stunning,’ Chaffetz told the united states Attorney General.
Not Permitting Up
One of many things Chaffetz and other anti-online gambling proponent Adelson share is a determination to dig in and maybe not let go.
Worth an estimated $30 billion and now 83-years-old, Adelson is showing no indications of slowing down. The nevada Sands founder continues to pressure Chaffetz into the home, and Sen. Lindsey Graham (R-South Carolina) in the Senate, to push through RAWA.
Adelson is busier than your typical senior citizen. His company opened its $2.5 billion Parisian resort in Macau on Tuesday, and he’s also actively attempting to bring expert football to Las vegas, nevada. But while he believes it is time for the NFL to embrace sports betting, he isn’t almost as enthusiastic about the possibility of day-to-day fantasy sports (DFS) online.
‘I think [DFS] exploits people that are poor’ Adelson told Yahoo Finance recently. ‘I can earn money in an way that is honest being a form of entertainment. But why do it is needed by me, the fantasy sports? I do believe it’s immoral.’
NCAA Moves Seven Championships From North Carolina Over ‘Civil Rights Protections’
North Carolina’s position on bathrooms has flushed seven NCAA national championship events out from the state. NCAA President Mark Emmert says the competitions will be moved to more ‘respectful’ environments. (Image: LM Otero/Associated Press)
The NCAA is going seven nationwide championship occasions from North Carolina because of the state’s law that mandates individuals use public restroom facilities that correspond with the sex that’s listed on their birth certificates.
New york’s House Bill 2, popularly known as the ‘Public places Privacy & Security Act,’ was passed in the continuing state legislature in March. The statute prohibits gay, bisexual, transgender, genderqueer, and intersex people from utilizing the gender bathroom they most closely identify with.
The law happens to be highly controversial. The Department of Justice sued North Carolina Governor Pat McCrory (R) in May on grounds that HB2 violates multiple laws that are federal the Civil Rights Act.
‘Fairness is about more than the ability to participate in college activities, or compete for championships even,’ NCAA President Mark Emmert stated in a statement. ‘ We believe in providing a safe and respectful environment at our events and are committed to providing the experience that is best possible for college athletes, fans and everyone participating inside our championships.’
Hosting national championships is big business for state and neighborhood economies. The sporting competitions can boost revenues at also casinos.
Glendale, Arizona, estimated its web hosting of the NCAA College Football National Championship in January generated an impact that is economic of300 million and 60,000 resort visitor room nights. The Desert Diamond West Valley Casino launched just weeks before the game that is big simply take advantage of the influx of tourists towards the Phoenix area.
Significant Impact
Though none of the canceled occasions carry the https://myfreepokies.com/dolphin-treasure/ marquee of hosting the NCAA university Football Playoff National Championship, the monetary loss is still considerable.
The seven NCAA championship activities going are:
Cary, NC
2016 Division I Women’s Soccer Championship
2017 Division III Men’s and Women’s Tennis Championships
2017 Division I Women’s Lacrosse Championship
2017 Division II Baseball Championship
Greensboro, NC
2016 Division I Men’s Basketball Championship, first/second rounds
2016 Division III Men’s and Women’s Soccer Championships
Greenville, NC
2017 Division We Ladies’ Golf Championship
North Carolina Attorney General Roy Cooper claims it is time to repeal HB 2. ‘Enough is enough,’ Cooper said in statement. ‘ We have to repeal this law and get our state back on the right track.
But North Carolina Republic Party spokeswoman Kami Mueller said the NCAA’s outrage is unwarranted and hypocritical.
‘we genuinely look forward to the NCAA merging all males’s and females’s groups together as singular, unified, unisex groups,’ Mueller said. ‘in the event that you are reluctant to have females’s bathrooms and locker rooms, how do you’ve got a women’s team?’
NCAA’s Means or the Highway
Whilst the NCAA certainly has every right to host its competitions wherever it views fit, the organization does present an attitude of ethical superiority that is criticized by some.
The college sports body that is governing adamantly against sports betting and recently won a lawsuit against nj that prevents hawaii from legalizing gambling on athletics. The NCAA also opposes daily fantasy sports (DFS).
DraftKings and FanDuel, the two leading DFS organizations in the US, removed university contests from their platforms in March.
The NCAA is a not-for-profit organization, meaning it doesn’t pay taxes on many of its income. In 2015, the NCAA created about $1 billion in revenue.
Players have advocated for many sort of compensation in the past few years, but to date the NCAA has won those lawsuits aswell.
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