The Closing of Taj Mahal Postponed The saga with all 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 removal of their name through the outside associated with casino nevertheless the Trump Entertainment Resorts authorities are not too pleased about it. Meanwhile the billionaire Carl Icahn is wanting his best to save yourself the casino by switching its financial obligation into ownership.
However, the news that is latest in regards to the casino are somehow a bit more positive. The casino authorities got a relief from the complicated situation. The closing regarding the casino ended up being officially postponed. A couple of days ago, a judge that is local to permit the managers to end the union contract between your casino and the employees. a official caution towards the casino owners had been made and, in accordance with it, the casino would close unless the latest 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 won’t be closed at the very least before the end of November but the official closure is improbable become announced before the end of the year.
Last Friday, Kevin Gross, the bankruptcy judge, permitted Trump Entertainment Resorts make the contract using the union workers invalid, which will definitely result in the workers discontent and trigger new protests. (suite…)