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 New Jersey State Senate President Stephen Sweeney of selling out Atlantic City by supporting a north Jersey casino.

Business Carl that is mogul Icahn 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 very own gain. The war of words started after Sweeney took part 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 says that the casino will have to close on November 13 unless numerous concessions are granted to it, like the cutbacks in worker benefits and $25 million in aid from their state, along with a tax assessment that is reduced.

Workers Blame Icahn

But Icahn proved to be a major figure in the protests. The protesters demonstrated near the Tropicana, which will be owned by a group led by Icahn, and numerous see him as the true threat to the benefits and wages made available from their current positions. In bankruptcy court, Trump Entertainment has required permission to turn its venue over to Icahn by transforming the debt he holds in the company into ownership (more…)

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