Carl-Icahn

Carl Icahn Closes Trump Taj Mahal Casino After Prolonged Labor Dispute

2016-10-10 00:00:00 +0000 UTC | Importance: 8/10

Carl Icahn permanently closed the Trump Taj Mahal casino in Atlantic City on October 10, 2016, after a bitter 102-day labor dispute with Unite-HERE Local 54 union workers. Icahn, who had acquired the casino through Trump Entertainment Resorts in 2014, cited substantial financial losses, claiming to …

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Carl Icahn Partners with Andrew Beal in Trump Entertainment Resorts Bankruptcy Restructuring

2009-01-01 00:00:00 +0000 UTC | Importance: 8/10

Trump Entertainment Resorts filed for Chapter 11 bankruptcy in 2009, owing $1.2 billion. Initially, Trump worked with Avenue Capital Management to restructure the company, rejecting an earlier partnership with Andrew Beal’s Beal Bank. Carl Icahn then purchased 51% of Beal Bank’s first …

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