The Trump Taj Mahal is all about to become the Atlantic that is fifth City to shut its doors once and for all in 3 years. Its closure will signal end towards the Trump casino brand forever.
Union members protest outside the Trump Taj Mahal, which will shut its doorways on 4, 2016 september. Icahn Enterprises says it has lost $100 million on the endeavor.
In the midst of industrial action by members of the Unite Here Local 54 Union, who have been picketing the Taj for days, investor Carl Icahn has given up on the casino that is stricken will shutter it permanently on September 4.
That closure date hits right in the center of Labor Day, which might be a coincidence that is wild or it could be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch attempt to conserve the Taj.
Icahn stepped in to rescue the casino in 2014, when its previous owners, Trump Entertainment, declared bankruptcy. The billionaire corporate raider owned the majority of its $286 million financial obligation, which he was prepared to convert into equity.
Icahn additionally said he was ready https://rubetting.club to invest $100 million within the home, if, and only if, he were granted certain concessions by the town. These included the short-term cessation of worker pension and healthcare advantages, that have end up being the focus of the squabble between Icahn Enterprises and the casino employees’ union. Continue reading After Long Union Fight, Trump Taj Mahal Ironically Closing on Labor Day Weekend
Very First Lady Michelle Obama energized the crowd during the Democratic National Convention regarding the shared common theme that Donald Trump isn’t fit for the Oval Office.
Donald Trump spent a quarter-century businesses that are owning Atlantic City. Throughout the length of his campaign, the billionaire Republican Party nominee has repeatedly trumpeted their success in the east coastline gambling mecca.
‘I made a ton of cash in Atlantic City and left seven years ago, great timing,’ Trump tweeted earlier this thirty days.
After a weeklong Republican National Convention (RNC) that officially made Trump the GOP’s presidential prospect, it’s now time for the Democrats to carry their own love fest. While contention remains involving the Bernie Sanders faithful and presumptive nominee Hillary Clinton, one thing most in attendance in Philadelphia during the Democratic National Convention (DNC) can acknowledge is that Donald Trump is not qualified to be president.
His record in Atlantic City is a prime example for Democrats who argue Trump isn’t looking out for the American people.
‘Trump says he would run our country like he has run his companies,’ nj-new Jersey Senator Cory Booker stated in delivering a speech that is passionate. ‘ I’m from New Jersey, and we now have seen the way he leads . . . He got rich while his companies declared numerous bankruptcies.’
Massachusetts Senator Eliza Continue reading Donald Trump’s Atlantic City Record Attacked on one of Democratic National Convention day