Search Results for: "icahn"

Caesars Entertainment Corporation purchase for Carl Icahn

March 11, 2019

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American hedge fund billionaire, Carl Icahn (pictured), has reportedly purchased a further 5.85% stake in Caesars Entertainment Corporation to become the land-based casino operator’s largest shareholder. Sig...

Caesars Entertainment Corporation inks Carl Icahn agreement

Adam Morgan

March 4, 2019

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American land-based casino operator, Caesars Entertainment Corporation, has announced the signing of a deal with Carl Icahn (pictured) that has seen it allow the billionaire investor to name a trio of new direc...

Icahn gets initial nod for $5.6M grant to help demo former Trump Plaza

K Morrison

November 23, 2017

Latest Casino and Gambling News, Casino News, Casino closures, Taxation, New Jersey

Preliminary approval for $5.6 million grant has been given to billionaire businessman Carl Icahn (pictured) by a New Jersey redevelopment agency to help cover a portion of the demolition cost of the shuttered T...

Icahn looks to casino tax funds to help pay for Trump Plaza demo

K Morrison

November 21, 2017

Latest Casino and Gambling News, Casino News, Casino closures, New Jersey

Having closed its doors for good on September 16, 2014, due to Atlantic City’s shrinking gambling market, the Trump Plaza Hotel and Casino will reportedly be imploded in the spring. The property’s owner, billio...

Casino magnate Carl Icahn mentioned in high-profile insider trading trial

Adam Morgan

April 6, 2017

Latest Casino and Gambling News, Crime, Fines, Lawsuits & Litigation, New York

In the United States, billionaire casino magnate Carl Icahn could reportedly be about to be pulled into the high-profile insider trading trial taking place in a Manhattan federal court against Las Vegas-based s...

Carl Icahn sells Trump Taj Mahal to Hard Rock International

Alex Lanter

March 2, 2017

Casino Sales, Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, New Jersey

Billionaire investor and casino magnate Carl Icahn has found buyers for his Trump Taj Mahal Casino in Atlantic City, which has been closed down since October 2016. According to an official press release, Icahn ...

Carl Icahn plans to sell the shuttered Trump Taj Mahal Casino in Atlantic City

K Morrison

February 7, 2017

Latest Casino and Gambling News, Casino closures, Licenses, New Jersey

Billionaire business magnate and investor Carl Icahn (pictured) issued a statement on Monday indicating that his company, Trump Taj Mahal Associates, Inc, will sell the shuttered Trump Taj Mahal casino in Atlan...

Carl Icahn to give up casino license and stop anyone else from using Taj as gaming venue

Sadonna Price

January 4, 2017

Latest Casino and Gambling News, Economy/Finance, Licenses, New Jersey

Billionaire activist investor Carl Icahn may have had big plans last year for the Trump Taj Mahal Casino after purchasing the venue out of bankruptcy. However, decisions along the way would result in Icahn now ...

Carl Icahn reportedly in talks to sell shuttered Trump Taj Mahal Casino Resort

Adam Morgan

December 22, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Mergers, Acquisitions & Partnerships, New Jersey

After closing the Trump Taj Mahal Casino Resort in October amid a labor dispute concerning pension, health care and wager issues for its workers, billionaire businessman Carl Icahn is now reportedly in talks to...

New Jersey lawmakers approve gambling bill that will hurt Carl Icahn for Trump Taj Mahal closure

Renee Kingsley

December 20, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino closures, Labor Relations, New Jersey

Billionaire Carl Icahn decided in August to close the iconic Trump Taj Mahal on October 10, 2016 as the management was unable to reach agreement with the Local 54 of Unite-HERE union who had gone on strike as t...

Carl Icahn will not be allowed to reopen Trump Taj Mahal under another name if New Jersey approves bill S-2575

Renee Kingsley

October 11, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino closures, Employment & Careers, New Jersey

The iconic Trump Taj Mahal casino in Atlantic City closed its doors on October 10 just as billionaire owner Carl Icahn had promised. The Trump Taj Mahal became the fifth casino in Atlantic City to wind up opera...

Carl Icahn confirms Showboat casino can operate as non-casino hotel

Sadonna Price

October 5, 2016

Latest Casino and Gambling News, New Hotels, New Jersey

As of yesterday, billionaire investor Carl Icahn has confirmed that the former Showboat Casino of Atlantic City can now operate as a non-casino hotel. A spokesman for Icahn confirmed that the investor and a dev...

Formal petition filed by Icahn to close Trump Taj Mahal

Sadonna Price

September 10, 2016

Latest Casino and Gambling News, New Jersey

The management team of Carl Icahn have filed a formal petition requesting permission to close the Trump Taj Mahal in October. The petition was filed today and asks the New Jersey Division of Gaming Enforcement ...

Carl Icahn rejects UNITE HERE Local 54 proposal to pay $1.3 million to call off Trump Taj Mahal casino strike

Renee Kingsley

August 29, 2016

Latest Casino and Gambling News, Employment & Careers, Labor Relations, New Jersey

Billionaire and owner of the Trump Taj Mahal casino, Carl Icahn had announced earlier this month that he intended to shut down the troubled Trump Taj Mahal casino on October 10 as a result of the casino continu...

Carl Icahn to Shutter Trump Taj Mahal after Labor Day

Renee Kingsley

August 4, 2016

Latest Casino and Gambling News, Casino closures, Employment & Careers, Labor Relations, Bankruptcy, New Jersey

Just when gaming analysts were predicting that Atlantic City’s casino woes were witnessing a turn around, billionaire Carl Icahn has announced that he plans to shutdown the iconic Trump Taj Mahal casino after L...