The Closing of Taj Mahal Postponed The saga using 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 owner that is previous Donald Trump, demands the elimination of their title through the outside of the casino nevertheless the Trump Entertainment Resorts authorities are not too delighted about this. Meanwhile the billionaire Carl Icahn is trying his better to save yourself the casino by switching its debt into ownership.
But, the latest news concerning the casino are somehow a bit more positive. The casino authorities got a rest from the complicated situation. The closing associated with casino ended up being formally postponed. A few days ago, a neighborhood judge decided to allow the supervisors to end the union agreement between the casino as well as the employees. a official caution towards the casino owners had been made and, based on it, the casino would close unless the New Jersey’s authorities earn some compromises. The union workers were expected to sacrifice their health pension and care benefits.
The authorities decided that the casino will not be closed at the very least until the end of November nevertheless the official closure is improbable to be established before the end of the year.
Last Friday, Kevin Gross, the bankruptcy judge, permitted Trump Entertainment Resorts make the contract utilizing the union employees invalid, which will certainly make the workers discontent and trigger brand new protests. (more…)