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Omaha Steve

(99,079 posts)
Mon Dec 15, 2014, 10:51 PM Dec 2014

Casino union defies deadline in Taj Mahal showdown

Source: Philly.com-AP

WAYNE PARRY

ATLANTIC CITY, N.J. (AP) - A casino workers union in Atlantic City defied a company-imposed deadline Monday to withdraw its appeal of a court-ordered, cost-cutting package.

The deadline passed as the showdown over the future of the Trump Taj Mahal casino entered what could be its final week.

Local 54 of the Unite-HERE union ignored the deadline imposed last week by Trump Entertainment Resorts to withdraw its appeal of a bankruptcy court order that terminated the union contract with Taj Mahal workers. The Oct. 17 order eliminated health insurance and the pension plan for the casino's workers.

Neither side would discuss the deadline's expiration or what it might mean for the casino's future or the jobs of its 3,000 workers. Taj Mahal is scheduled to close at 6 a.m. Saturday.

FULL story at link.


Read more: http://www.philly.com/philly/business/20141215_ap_a48b5ba357da456baab165c972fc47f6.html

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Casino union defies deadline in Taj Mahal showdown (Original Post) Omaha Steve Dec 2014 OP
Mr. Get Rich Quick Birther is a serial deadbeat and still expects to be POTUS? What a con man. freshwest Dec 2014 #1
But he don't own it anymore. Hoppy Dec 2014 #2
He no longer runs or controls it but he still owns a substantial stake in it Brother Buzz Dec 2014 #3
Trump owns 9.8% according to SEC filings Crabby Appleton Dec 2014 #4

Brother Buzz

(36,217 posts)
3. He no longer runs or controls it but he still owns a substantial stake in it
Tue Dec 16, 2014, 02:19 AM
Dec 2014

Twenty-five percent by some accounts, and despite the lawsuit to remove it, his name is still branded all over the building. In the public eye he owns it.

Crabby Appleton

(5,231 posts)
4. Trump owns 9.8% according to SEC filings
Tue Dec 16, 2014, 07:29 AM
Dec 2014

Pryor to the 2004 bankruptcy Trump owned 42%, the bankruptcy reduced his share to 27%. The 2009 bankruptcy further reduced his ownership to 10%, half of which was payment for the perpetual use of his name and likeness on the business. The place will cease operations eventually but Icahn wants to keep it going for awhile longer so he can finish looting the remaining assets.

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