The Closing of Taj Mahal Postponed The saga using the Taj Mahal Casino Resort continues. November those who keep up with the events and the setbacks the venue is currently experiencing, know that it may close in the middle of.
The owner that is previous Donald Trump, demands the removal of his title through the outside associated with casino however the Trump Entertainment Resorts authorities are not too happy about it. Meanwhile the billionaire Carl Icahn is trying his better to save your self the casino by turning its debt into ownership.
However, the latest news concerning the casino are somehow a bit more optimistic. The casino authorities got a relief from the situation that is complicated. The closing of this casino was formally postponed. A few days ago, a judge that is local to allow the supervisors to terminate the union contract involving the casino while the employees. a warning that is official the casino owners ended up being made and, in accordance with it, the casino would shut unless this new Jersey’s authorities make some compromises. The union employees had been expected to sacrifice their health care and pension advantages.
The authorities decided that the casino will not be closed at the least before the end of November however the official closure is unlikely become announced until the end of the year.
Last Friday, Kevin Gross, the bankruptcy judge, permitted Trump Entertainment Resorts make the contract because of the union employees invalid, which will undoubtedly make the employees discontent and trigger protests that are new. Continue reading “The Closing of Taj Mahal Postponed The saga using the Taj Mahal Casino Resort continues.”