Icahn lends $5 million to help Taj Mahal

atlantic-city-casinoPHILADELPHIA — Investor Carl Icahn has agreed to lend Trump Entertainment Resorts Inc. up to $5 million to help the owner of Trump Taj Mahal Casino in Atlantic City, N.J., pay its bankruptcy expenses into January. The move, described in a bankruptcy court filing Wednesday, could indicate that a deal is near to keep the Taj…

Posted: November 26th, 2014 | Author: | Filed under: Atlantic City | Tags: , , | 1 Comment »

One Comment on “Icahn lends $5 million to help Taj Mahal”

  1. Well, said at 11:37 pm on November 28th, 2014:

    that buys a bit more time, for there to be one less black hole on the shoreline, at night: with 4 gone already, it’s both eerie and sad to see, now. What can be done to keep AC’s lights on? Sports betting? Slots at the racetracks sponsored by the remaining casinos? Doesn’t seem like online gaming in NJ is generating anything to help stop the bleeding. Appears that soon every state surrounding us will have more and more gambling, so, unless one prefers the shore, (as of today,) the lights along the beach will continue to be extinguished, one by one.