Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn accuses brand New Jersey State Senate President Stephen Sweeney of attempting to sell out Atlantic City by supporting a north Jersey casino.

Business Carl that is mogul Icahn nj-new Jersey State Senate President Stephen Sweeney exchanged harsh terms last Friday, with each accusing the other of selling out some portion of Atlantic City for their gain. The war of words started after Sweeney participated in protests with union workers from the Trump Taj Mahal, protests of which Icahn proved to be always a major target.

Those protests were designed to fight back against a Trump Entertainment plan to break out of a contract and cut pensions and benefits for workers in order to cut costs and keep the casino open as we reported earlier this week.

The company states that the casino will have to close on November 13 unless many concessions are granted to it, including the cutbacks in worker benefits and $25 million in help from the state, along with a reduced taxation assessment.

Workers Blame Icahn

But Icahn became a major figure in the protests. The protesters demonstrated near the Tropicana, which is owned by a group led by Icahn, and many see him as the threat that is true the advantages and wages provided by their current positions. In bankruptcy court, Trump Entertainment has required permission to turn its venue over to Icahn by converting the debt he holds in the company into ownership of Continue reading “Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future”