The Closure of Taj Mahal Postponed The saga with the Taj Mahal Casino Resort continues.

The Closure of Taj Mahal Postponed The saga with the Taj Mahal Casino Resort continues. November those who keep up with the events and the setbacks the venue is currently experiencing, know that it may close in the middle of.

The past owner, Donald Trump, demands the removal of their title from the exterior for the casino nevertheless the Trump Entertainment Resorts authorities are not too delighted about any of it. Meanwhile the billionaire Carl Icahn is trying their better to save yourself the casino by switching its financial obligation into ownership.

However, the latest news in regards to the casino are somehow a bit more positive. The casino authorities got a respite from the complicated situation. The closure associated with the casino was officially postponed. Several days ago, a local judge decided to permit the managers to terminate the union contract between your casino and also the employees. a formal caution towards the casino owners had been made and, in accordance with it, the casino would shut unless the brand new Jersey’s authorities make some compromises. The union employees had been asked to lose their own health pension and care benefits.

The authorities decided that the casino will not be closed at least before the end of November however the closure that is official not likely to be announced until the end of the year.

Last Friday, Kevin Gross, the bankruptcy judge, allowed Trump Entertainment Resorts make the contract aided by the union employees invalid, which will certainly result in the employees discontent and result in protests that are new. (more…)