For immediate release
November 18, 2014
Tensions mount as Icahn threatens to shut down another casino on Dec. 12
What: Citywide march and rally, protesting Carl Icahn, who has threatened to shut down the Trump Taj Mahal on Dec. 12, unless taxpayers fork over millions in breaks
Who: 1000+ casino workers, including members of UNITE HERE Local 54, with family members, politicians, clergy leaders and other community allies
Where: March begins outside Trump Taj Mahal Casino (1000 Boardwalk) and ends outside Tropicana Casino and Resort (2831 Boardwalk)
When: Wednesday, November 19, 2014; march begins at 5:15 p.m. and culminates at the Tropicana at 5:45, when the speaking program will commence
Why: Amid casino closings and mass layoffs in Atlantic City, one guy is coming out on top: billionaire Carl Icahn. Icahn and his funds are the sole debt holders on the Trump Taj Mahal—a casino that is to be shut down Dec. 12, forcing 1000 layoffs, unless New Jersey taxpayers give Icahn $175 million in tax breaks. Already, Icahn has driven the casino into bankruptcy, costing casino workers their health insurance and retirement plans.
But the people of Atlantic City say Icahn has profited enough, and he has the power to make this right. Icahn has already pulled $350 million out of Trump, using the bankruptcy process to gain control of casinos at steep discounts and lending at 12% interest rates. For decades, Icahn has built his fortune using the bankruptcy process to hurt workers and destroy companies. Workers say the current crisis in Atlantic City is the latest one that Icahn has created and profited from.
Now, New Jerseyans say they won’t be bullied by this billionaire. This week’s march is the latest stand taken by area workers and allies to stop Icahn from profiting from Atlantic City’s distress.
Visuals: 1000 marchers in red shirts, carrying banners, signs down Atlantic City’s historic boardwalk. Signs/stickers that read “I will not be Cahned.” Teams of tap dancers and drummers.