Is The Taj Mahal Deal Really Off?

Confusing signals as principal creditor tries last-minute approach to the unions

Reports last week that the closing of Atlantic City's Taj Mahal land casino on December 12 appeared inevitable have been sidetracked by fresh disclosures from Bloomberg business news that principal creditor Carl Icahn is still searching for a solution with the unions.

The New York Post also reported over the weekend that Icahn has offered to restore healthcare benefits for the Taj's 1,100 union workers along with partial pension benefits and support for continued unionisation… if the union withdraws its appeal against an earlier court ruling allowing him to void its contract.

To sweeten the pot, the Post reported, New Jersey Gov. Chris Christie and State Senate President Stephen Sweeney are prepared to give the Taj Mahal $50 million in tax breaks, a remarkable switch from former official statements that the casino would have to meet its tax obligations.

Online Casino News Courtesy of Infopowa

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Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

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