ATLANTIC CITY (CelebrityAccess) — A federal bankruptcy court judge has voided a labor contract at the Trump Taj Mahal in Atlantic City, opening the door to the possibility that the casino might be saved.
According to NBC, Judge Kevin Gross in Delaware granted a request Friday by Trump Entertainment Resorts to terminate its contract with Local 54 of the Unite-HERE union. The company and billionaire investor Carl Icahn have painted the contracts as a stumbling block, claiming that the casino can't survive without shedding pension and health care obligations.
Icahn has expressed interest in acquiring the casino, promising to inject $100 million into the property if New Jersey will offer $175 million in state aid.
Trump Entertainment had threatened to shut the casino on Nov. 13 if the judge did not void the contract. – Staff Writers