Tag Archives: unite here
- Hard Rock Int’l to spend $500m ridding Taj Mahal of Trump taint
May 26, 2017
The chairman of casino operator Hard Rock International (HRI) can’t wait to rid the Trump Taj Mahal of everything that reminds people of the current occupant of the White House. In March, HRI struck a deal with Donald Trump’s buddy Carl Icahn to acquire the shuttered Atlantic City casino and...
- Icahn, labor union play the Taj Mahal closure blame game
August 8, 2016
The finger pointing now begins as Billionaire casino investor Carl Icahn blamed officials of Local 54 of the Unite-Here of inciting the soon-to-be unemployed workers of the Taj Mahal to destroy their own jobs by participating in the longest strike by Atlantic City's main casino workers union, according to Associated...
- Atlantic City revenue dips in June as Trump Taj Mahal strike drama ratchets up
July 14, 2016
Atlantic City’s casinos suffered another brick-and-mortar revenue decline in June, and this time they can’t blame the calendar. Figures released Wednesday by the New Jersey Division of Gaming Enforcement show land-based gaming revenue of $197.5m, down 3.6% from the same month last year and down even further from May’s $203.3m....
- Five Atlantic City casinos facing unionized workers strike on July 1
June 17, 2016
Workers at four Atlantic City casinos have voted to go on strike if they don’t receive satisfactory labor contracts by July 1. On Thursday, several thousand members of Local 54 of the Unite-HERE union voted 96% in favor of a strike. The affected casinos are the Tropicana and all three...
- Carl Icahn gets New Jersey nod on Trump Taj Mahal takeover
June 11, 2015
New Jersey gaming regulators have approved billionaire Carl Icahn’s takeover of Atlantic City’s Trump Taj Mahal casino. On Wednesday, the state Casino Control Commission approved Icahn’s plan to rescue the Taj Mahal from bankruptcy court. Icahn, who held $292m of the property’s debt, reached a deal with Taj creditors in...
- New Jersey pols offer tax relief for Atlantic City; Taj Mahal’s time running out
December 3, 2014
New Jersey politicians have put forward legislation intended to stuff a financial cork into Atlantic City’s leaking dike. Bills introduced on Monday by Senate President Stephen Sweeney and Sen. Jim Whelan would allow casinos to collectively make fixed payments of $150m in lieu of taxes for two years, a sum...
New Jersey sells bonds to fund AC casino tax appeals
September 22, 2017
Atlantic City casino revenues down 2.7 percent
August 15, 2017
Atlantic City’s mothballed Revel/TEN casino reportedly sold
October 5, 2017