The Closing of Taj Mahal Postponed The saga utilizing 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 past owner, Donald Trump, demands the elimination of his title through the exterior associated with casino nevertheless the Trump Entertainment Resorts authorities are not too delighted about it. Meanwhile the billionaire Carl Icahn is attempting his best to save your self the casino by switching its debt into ownership.
But, the news that is latest about the casino are somehow a little more positive. The casino authorities got a rest from the situation that is complicated. The closure of the casino ended up being formally postponed. Several days ago, a judge that is local to permit the managers to terminate the union contract between your casino plus the employees. a warning that is official the casino owners ended up being made and, based on it, the casino would close unless the newest Jersey’s authorities earn some compromises. The union employees had been asked to lose their own health pension and care advantages.
The authorities decided that the casino won’t be closed at the least before the end of November however the closure that is official improbable to be announced until the end of the season.
Final Friday, Kevin Gross, the bankruptcy judge, allowed Trump Entertainment Resorts result in the contract with all the union workers invalid, which will undoubtedly result in the workers discontent and lead to new protests.