Carl Icahn accuses New Jersey State Senate President Stephen Sweeney of attempting to sell out Atlantic City by supporting a north Jersey casino.
Business mogul Carl Icahn and New Jersey State Senate President Stephen Sweeney exchanged harsh words final Friday, with each accusing the other of selling out some portion of Atlantic City for their own 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 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 organization states that the casino will need to close on November 13 unless many concessions are granted to it, including the cutbacks in worker benefits and $25 million in aid from their state, along side a reduced income tax assessment.
Workers Blame Icahn
But Icahn proved to be a major figure in the protests. The protesters demonstrated near the Tropicana, that will be owned by a group led by Icahn, and numerous see him as the real threat to the advantages and wages offered by their present positions. In bankruptcy court, Trump Entertainment has requested permission to turn over its venue to Icahn by transforming the debt he holds in the company into ownershi Continue reading “Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future”