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IS THE TAJ MAHAL DEAL REALLY OFF?
23rd November, 2014 at 02:34:04
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.
Related News Tags: Atlantic City, New Jersey
BULLISH FORECAST FOR PENNSYLVANIA ONLINE GAMBLING
28th March, 2017 at 19:47:54
Hundreds of millions of dollars in new tax revenue possible with legalisation.
MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)
21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.
NOW WEST VIRGINIA EYES ONLINE GAMBLING LEGALISATION
18th March, 2017 at 06:34:19
New legalisation bill follows earlier challenge to PASPA
REPUBLICANS FILE ANTI-ONLINE GAMBLING BILL IN PENNSYLVANIA
14th March, 2017 at 08:11:41
HB801 has echoes of last year's unsuccessful attempt authored by former Representative (now Senator) Mario Scavello.
BETFAIR BREAKS EVEN IN NEW JERSEY
11th March, 2017 at 07:26:29
Profitability in sight as licensed online partnership with Golden Nugget prospers and US television assets grow.