Carl Icahn accuses New Jersey State Senate President Stephen Sweeney of selling out Atlantic City by supporting a north Jersey casino.
Business mogul Carl Icahn and nj-new Jersey State Senate President Stephen Sweeney exchanged harsh terms final real-money-casino.club Friday, with each accusing the other of selling out some portion of Atlantic City for their gain. The war of words started after Sweeney took part in protests with union employees from the Trump Taj Mahal, protests of which Icahn proved to be a major target.
Those protests were designed to fight back against a Trump Entertainment plan to break out of a contract and cut pensions and benefits for workers in order to cut costs and keep the casino open as we reported earlier this week.
The company says that the casino will have to close on November 13 unless many concessions are granted to it, like the cutbacks in worker benefits and $25 million in aid from their state, along with a tax assessment that is reduced.
Workers Blame Icahn
But Icahn became a major figure in the protests. The protesters demonstrated near the Tropicana, which is owned by a group led by Icahn, and numerous see him as the real threat to the huge benefits and wages provided by their present positions. In bankruptcy court, Trump Entertainment has required permission to turn over its venue to Icahn by converting the financial obligation he holds in the company into ownership of the casino.