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Carl Icahn Still Looking to Keep Taj Mahal Open
Sunday November 22,2014 : IS THE TAJ MAHAL DEAL REALLY OFF?
Confusing signals as principal creditor tries last-minute approach to the unions.
Reports last week that the closing of Atlantic City's Taj Mahal land casino on December 12 appeared inevitable have been sidetracked by fresh disclosures from Bloomberg business news that principal creditor Carl Icahn is still searching for a solution with the unions.
The New York Post also reported over the weekend that Icahn has offered to restore healthcare benefits for the Taj’s 1,100 union workers along with partial pension benefits and support for continued unionisation....if the union withdraws its appeal against an earlier court ruling allowing him to void its contract.
To sweeten the pot, the Post reported, New Jersey Gov. Chris Christie and State Senate President Stephen Sweeney are prepared to give the Taj Mahal $50 million in tax breaks, a remarkable switch from former official statements that the casino would have to meet its tax obligations.
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Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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