Carl Icahn accuses brand New Jersey State Senate President Stephen Sweeney of selling out Atlantic City by supporting a north Jersey casino.
Business mogul Carl Icahn and New Jersey State Senate President Stephen Sweeney exchanged harsh terms final Friday, with each accusing the other of selling out some portion of Atlantic City for their 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 become 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 business states that the casino will need to close on November 13 unless many concessions are granted to it, including the cutbacks in employee benefits and $25 million in aid from hawaii, along side a reduced taxation assessment.
Workers Blame Icahn
But Icahn became a figure that is major the protests. The protesters demonstrated near the Tropicana, which will be owned by a group led by Icahn, and numerous see him as the threat that is true the benefits and wages provided by their present positions. In bankruptcy court, Trump Entertainment has required permission to turn over its venue to Icahn by converting the debt he holds in the company into ownership of the casino. Read more