Billionaire Investor Carl Icahn Surrendering Trump Taj Mahal Casino License

Written by :

Guest

Published on :

3 January, 2017

ATLANTIC CITY - Billionaire investor Carl Icahn plans to surrender the casino license for his shuttered Trump Taj Mahal casino and wants to make sure that anyone who buys it in the future can't use it as a casino.

New Jersey gambling regulators revealed Tuesday that the Icahn company that owns the casino petitioned the state Division of Gaming Enforcement on Dec. 22 for permission to surrender the license.

The company also filed a deed restriction in state Superior Court prohibiting any future purchaser from using the premises as a casino - unless they pay an unspecified fee.

The moves seem to undercut a widely held suspicion among former Taj Mahal workers that Icahn plans to reopen the casino in the spring, with or without a union contract.

Trump Taj Mahal closed Oct. 10.

New Jersey lawmakers approved a measure last month to impose a five-year license suspension for anyone shutting down a casino after Jan. 2016.

Icahn says the bill is unconstitutional, would discourage investment in Atlantic City, and make it virtually impossible to reopen the casino should he decide to do so in the future.

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.

Knoxville Tennessee is Getting a New Nonstop Flight to Las Vegas

Southwest Airlines has announced it will begin flying nonstop flights between Knoxville, Tennessee and Las Vegas, Nevada on Saturdays and Sundays, which will compliment Allegiant Airlines Monday and Friday nonstop flights.

Rare Albino Alligator Sisters to Make This Marksville Louisiana Casino Their New Home

Native American tribes consider albino alligators extraordinary beings that are often associated with spirituality, renewal and the importance of respecting the natural world.

ISPs in France Ordered to Block Polymarket

France’s gambling regulator said on Friday it had instructed internet service providers to block access to the Polymarket betting website, citing concerns that it ‌could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated.