Icahn: Taj future at risk amid benefits, expansion talks
ATLANTIC CITY, N.J. (AP) — Atlantic City casino union members plan to picket the Trump Taj Mahal casino, which billionaire investor Carl Icahn recently acquired from bankruptcy.
On Wednesday night, they'll protest the elimination of health care and pension benefits under previous owners.
But Icahn has a grievance of his own: The state's plan to expand casinos to northern New Jersey, outside New York City. That is something he fears will destroy what's left of Atlantic City, and dissuade him from investing the $100 million he had promised the Taj Mahal to revive it.
Either one of those issues could kill the casino.
Union president Bob McDevitt says Icahn refuses to provide benefits that Atlantic City's other seven casinos provide.
But Icahn accuses the union boss of trying to destroy the Taj Mahal to help its competitors.