Icahn Reportedly Seeks to Sell Trump Taj Mahal
Trump believed that taxpayers and senior citizens would be the biggest benefactors of legalizing sports betting in New Jersey. Whether you have it or you don't have it, you have it. In October, Trump's administration sided with the major professional sports leagues on opposing New Jersey's sports betting offering. Trump was going against former New Jersey governor Chris Christie, who also ran against Trump in the presidential race before backing him, who started the challenge of the federal law.
Christie called the major sports leagues hypocrites since they have already started moving hockey and football teams to Las Vegas. Please enter your email address associated with the account so we can help reset your password.
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Email Address Enter valid email address. Zip Code Please enter zip code or country for newsletter signup. No one from Trump's transition team offered any comment that could tip Trump's hand on the issue. However the AP spoke with Steve Norton , an Indiana-based casino consultant and former casino executive who once worked with Trump back in the s, who "predicted [Trump] will ultimately oppose nationwide approval of internet gambling, due in part to Adelson's opposition, but said he does not think Trump would move to strip it from states that already offer it.
As far as sports betting is concerned, the American Gaming Association has already requested Trump's support for several of its core causes, including the approval of sports betting. In a memo to the transition team — available on the AGA website — the organization highlighted a number of priorities including legalizing sports betting, curbing illegal gambling, reforming current tax laws affecting the industry, and more. Speaking in November , Trump was less ambiguous about not opposing sports betting or daily fantasy sports, telling Fox Sports 1, "I'm okay with it because it's happening, anyway.
Norton thinks Trump will be more open to sports betting. Trump will support individual states rights, and help overturn [a federal ban]. Meanwhile Norton didn't believe Trump would bother with daily fantasy sports, describing it as a "non-issue" for him. For more on the industry's thoughts on Trump's potential influence, visit the AP. Speaking of Donald Trump's old casinos, over the past year we reported frequently on the final days of the beleaguered Trump Taj Mahal which officially shut its doors two months ago.
Prior to the closing, billionaire business magnate Carl Icahn had helped Trump Entertainment Resorts out of bankruptcy earlier this year after making the company a subsidiary of his Icahn Enterprises , thereby becoming the Trump Taj Mahal's new owner. Now Icahn is reportedly looking to unload the property, largely because of legislation passed by New Jersey lawmakers preventing Icahn from being able to reopen the casino for the next five years.
Citing "a source close to the situation," The New York Post has reported that Icahn is "in talks with fellow casino operators about selling control of the recently shuttered Trump Taj Mahal. Back in October the New Jersey Senate passed legislation prohibiting anyone closing a casino after the start of from holding a license to operate it again for the following five years. On Monday the New Jersey Assembly likewise voted in favor of the bill, which as written solely applies to Icahn's situation with the Trump Taj Mahal.
The bill still requires Governor Chris Christie 's signature to be enacted into law, and while he may veto it there may be enough votes to override a veto. For more on the matter, check out The New York Post. On Tuesday a federal judge refused the Florida's governor's request to reconsider an early November ruling that that state violated an agreement with the Seminole Tribe , reports WGCU. District Judge Robert Hinkle issued the order which denied the motion to alter or amend the earlier ruling, his response coming less than a week after attorneys for the Florida Governor Rick Scott and the Department of Business and Professional Regulation had made their request.
That previous agreement had been for five years and expired in , although it existed as part of a larger year compact between the state and the Seminoles. The offering of such games at other state-regulated pari-mutuel facilities was ruled to have violated that agreement, thereby allowing the Seminoles to continue to offer them. In his early November ruling, Judge Hinkle sided with the tribe's argument that blackjack and other "banked" games "triggered an exception to the five-year agreement," thus prompting his order "that the tribe be allowed to continue to conduct the banked games for the remainder of the overall compact's year term.