Carl Icahn | World Casino News

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

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...

Appeals court rules against Straub in former Showboat casino claim

Marie Kelley

March 12, 2017

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, New Jersey

Glenn Straub has been fighting two battles in Atlantic City, both concerning two former casinos. Straub currently owns the former Revel Casino and has been trying to reopen the venue under a new brand known as ...

Atlantic City wants to study creation of utilities “micro-grid”

Adam Morgan

March 9, 2017

Latest Casino and Gambling News, Casino News, New Jersey

In Atlantic City, the city council has reportedly voted to ask the state to fund a study into the possibility of creating a miniature power grid that would supply electricity, heating and cooling services to as...

Las Vegas Sands Corporation in negotiations to offload Pennsylvania casino

Adam Morgan

March 3, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Labor Relations, Pennsylvania

In the midst of planning an $800 million redevelopment of its Sands Casino Resort Bethlehem property, operator Las Vegas Sands Corporation has reportedly told employees at the Pennsylvania venue that the casino...

Hard Rock International still interested in northern New Jersey casino

Marie Kelley

March 3, 2017

Latest Casino and Gambling News, New Jersey

Hard Rock International was just announced as the new buyer of Carl Icahn’s Trump Taj Mahal Casino in Atlantic City, and yet the company still has their eyes on the northern New Jersey market. According to CEO ...

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

Marie Kelley

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

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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...

New Jersey State Senate passes proposed casino licensing protocol legislation

Adam Morgan

October 21, 2016

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

In New Jersey, proposed legislation that would alter the current licensing protocols for casinos in Atlantic City and disqualify for five years any applicant that had “substantially closed” a property has passe...

Trump Taj Mahal management not happy with Bill S-2575; Big fight ahead for Atlantic City

Renee Kingsley

October 20, 2016

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

Earlier this month Senate President Steven Sweeney had stated that his bill S-2575 which seeks to revoke the license of closed New Jersey casinos and prevent owners from reopening their casinos under a new name...

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...

Trump Taj Mahal officially shuts down

Marie Kelley

October 10, 2016

Latest Casino and Gambling News, Casino closures, Economy/Finance, Bankruptcy, New Jersey

As of 5:59 a.m., on October 10, 2016, the Trump Taj Mahal became the 5th casino to shut down in Atlantic City, New Jersey since 2014. Almost 3,000 individuals are without jobs after billionaire owner Carl Icah...

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

Marie Kelley

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...

Proposed casino licensing protocol legislation clears first hurdle in New Jersey

Adam Morgan

September 28, 2016

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

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In New Jersey, proposed legislation that would alter the current licensing protocols for casinos in Atlantic City and disqualify any applicant that had “substantially closed” a property during the previous five...