The union, which represents bartenders, wait staff, cooks, and housekeepers, demanded the restoration of member health and pension benefits, plus higher hourly wages. A bankruptcy judge allowed Icahn to reduce certain benefits for an interim period, in order to bring the casino resort out of the red.<\/em><\/p>\n<\/div>\nBut the union, which represents about 1,000 of Taj’s 2,800-employee workforce, eventually lost its patience and initiated several protests, all of which fell on deaf ears when Icahn wouldn’t relent.<\/p>\n
“Icahn Enterprises was willing to endure a tough situation when we thought we could emerge successful,” Icahn said in a letter to employees. “We wish this story could have had a different ending. We will do everything we can to manage the closure in the best way possible.”<\/p>\n
Sweeney in Retrograde<\/h2>\n Some in New Jersey believe Icahn is “warehousing” the casino gambling license, and will reopen the resort under a new name, and with a new labor force. Sweeney’s bill would prevent him from doing just that.<\/p>\n
And regardless of the fact that SB 2570 isn’t presently on the books, the Senate president is making sure it would apply to Icahn, by including a provision that makes the legislation retroactive to January 1, 2016.<\/strong><\/p>\n“Casino owners shouldn’t be able to misuse bankruptcy laws and gaming regulations in order to warehouse a license or take money out of the pockets of casino workers and strip them of benefits simply because they refuse to come to a labor agreement with their employees,” Sweeney told the Press of Atlantic City<\/em> this week.<\/p>\n","protected":false},"excerpt":{"rendered":"New Jersey State Senate President Stephen Sweeney (D-District 3) has introduced new legislation that would overhaul casino licensing protocols in Atlantic City. Senate Bill 2575, which was introduced concurrently with Assemblyman John Burzichelli’s (D-District 3) Assembly Bill 4187 in identical text and language, would amend the current law on how license holders proceed in closing […]<\/p>\n","protected":false},"author":42,"featured_media":39859,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18,61],"tags":[],"acf":[],"yoast_head":"\n
New Jersey Stephen Sweeney After Carl Icahn in Casino Regulatory Bill<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n