Trump Taj Mahal Casino Workers Strike During July 4 Weekend
(Bloomberg) -- About a thousand workers at the Trump Taj Mahal casino in Atlantic City, New Jersey, went on strike Friday morning ahead of the busy July 4 weekend, another blow to the resort city's long-struggling tourism business.
Workers including housekeepers, bartenders, cooks and cocktail servers are seeking higher wages and health-care benefits lost when Trump Entertainment Resorts Inc. declared bankruptcy in 2014. The Taj Mahal is controlled by investor Carl Icahn. Donald Trump, the presumptive Republican presidential nominee, no longer has a management role.
Talks with the Taj Mahal failed to reach an agreement that the negotiating committee could recommend, Unite Here, the union representing casino workers, said in an e-mailed statement Friday.
Workers rejected a “good faith attempt to reach an agreement” that included restoring contributions toward employee health care, the casino said in an e-mailed statement. The Taj Mahal will stay open with “minimal impact on our operations,” Alan Rivin, the casino's general manager, said.
Atlantic City, once the second-largest casino market in the U.S. after Las Vegas, has struggled in recent years as neighbors expanded their gambling offerings. Casino revenue in the city totaled $2.4 billion last year, half the take from ten years ago.
Unite Here reached a contract agreement Thursday with three resorts owned by Caesars Entertainment Corp., the largest operator in the city, and with the Tropicana, another casino Icahn controls. That prevented a strike at those properties, according to the union.
Since the bankruptcy, the Taj Mahal has been owned by Icahn Enterprises LP, a publicly traded investment vehicle controlled by the New York-based billionaire. Icahn Enterprises owns 69 percent of another publicly-traded company, Tropicana Entertainment Inc., which owns its namesake resort in the city and manages both casinos.
To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net. To contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Paul Barbagallo
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.