“Like many of the employees at the Taj Mahal, I wish things had turned out differently. “Today is a sad day for Atlantic City,” he said Monday. It was then that he decided to close the casino, fearing he would lose an additional $100 million next year. 3, when he determined the $350 million he had lost investing in, and then owning, the Taj Mahal was enough. There will be more closings, and not just in the. Icahn reached his own Popeye moment on Aug. Atlantic City is a victim of the saturated mid-Atlantic casino market, and nearly 8,000 workers are slated to lose their jobs as the price to pay. I applaud them: for the first time in 30 years, workers stood up to Carl Icahn and made him throw in the towel.” “The workers made a choice that they weren’t going to accept benefits and terms of employment worse than everyone else’s. “Everybody has their Popeye moment: ‘That’s all I can stands I can’t stands no more,’ ” he said. The most spectacular and costly failure in Atlantic Citys 36-year history of casino gambling begins to play out Monday when the 2.4 billion Revel Casino Hotel empties its hotel. The Taj Mahal becomes the fifth Atlantic City casino to go out of business since 2014, when four others, including Trump Plaza, shut their doors.īob McDevitt, president of Local 54 of the Unite-HERE union, said virtually all of the striking workers feel the same way.
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