Lawmakers approve measure to punish Trump Taj Mahal owner Carl Icahn for closing casino

New Jersey lawmakers have approved a measure to punish billionaire investor Carl Icahn for closing Atlantic City's Trump Taj Mahal casino.



The state Assembly voted, 60-17, Monday to impose a five-year license suspension for anyone shutting down a casino after Jan. 2016.



That means it would only apply to Icahn at this point, even though four other casinos have closed since 2014.



The measure still needs approval from Republican Gov. Chris Christie.



President-elect Donald Trump built the casino in 1990, but cut most ties with Atlantic City in 2009.



Icahn acquired it from bankruptcy court in March.



He says the bill is unconstitutional, would discourage investment in Atlantic City, and make it virtually impossible to reopen the casino should he decide to do so in the future.


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