ATLANTIC CITY - Billionaire Carl Icahn's Atlantic City management team is holding out the possibility of reopening the shuttered Trump Taj Mahal casino.

The New Jersey Legislature is expected to vote Thursday on a bill that would disqualify casino owners from holding a gambling license for five years after closing a casino.

If passed, the bill would effectively punish Icahn for shutting down the Taj Mahal on Oct. 10. Tony Rodio, who ran the Taj Mahal for Icahn, tells The Associated Press that the proposed bill would prevent the company from reopening the casino and restoring lost jobs.

Many union workers say they suspect the company will try to reopen the Taj Mahal in the spring as a non-union facility following a 102-day strike by Local 54 of the Unite-HERE union that lasted until the casino's final day.

Four other Atlantic City casinos have shut down since 2014.

The Associated Press wire services contributed to this report.