Billionaire and Taj Mahal owner Carl Icahn said that he is ready to sell Trump Taj Mahal casino to Atlantic City’s mayor for $300 million. That was his response to comments of mayor Don Guardian, who called on Icahn to sell Trump Taj Mahal casino and move forward.
According to billionaire, he has lost $300 million on the casino and ‘would be happy to sell it to the mayor for that price’. Carl Icahn also said that City Hall could’ve offered some help during Trump Taj Mahal Casino employees strike that led him to close the casino.
The current mayor of Atlantic City Don Guardian called Carl Icahn to sell the shuttered casino, saying his struggling city can’t afford to let such a big piece of its Boardwalk lie vacant indefinitely.
In December 2016, Carl Icahn had some talks with several casino operators about selling Trump Taj Mahal casino. This news became known in less than 24 hours after the New Jersey State Assembly voted in favor of the bill which prohibits reopening shuttered casinos with employees who are not casino workers’ union — unless the casino owner renegotiates with the union.
Carl Icahn shut the Trump Taj Mahal on October 10, expecting that it will make casino union workers to sign an employment contract on less favorable conditions for them. If Icahn sells the Taj Mahal, he will make the way for a new casino owner to reopen the casino with nonunion workers.