Billionaire Carl Icahn says he'll sell former-Trump Taj Mahal casino
Billionaire investor Carl Icahn says he will try to sell the former Trump Taj Mahal casino in Atlantic City, blaming a failed bill by the leader of New Jersey's state Senate as the last straw.
Icahn tells The Associated Press he has decided to seek a buyer for the casino he shuttered on Oct. 10.
He says his mind was made up by a bill written by Senate president Steve Sweeney that would have punished Icahn for closing the Taj by stripping him of a casino license for the property for five years.
That bill was vetoed Monday by Republican Gov. Chris Christie, who called it an example of the state Legislature's worst instincts.
Christie said that the bill "shamelessly" backed one side in a labor dispute.
Democratic Assemblyman John Burzichelli says that the bill's goal was to prevent casino owners from manipulating the licensing system and hurting workers.
The Taj Mahal closed while casino workers were on strike in an effort to obtain better benefits.
Icahn last month said he was surrendering his casino license and filed a deed restriction preventing future purchasers from using the Taj Mahal as a casino.
President Donald Trump opened the casino in 1990 but lost control of it in a bankruptcy.
The Associated Press wire services contributed to this report.