Billionaire Investor Surrenders Casino License
Atlantic City, New Jersey – Now for rare news out of former gambling mecca Atlantic City: The Billionaire investor behind the Trump Taj Mahal, Carl Icahn, has surrendered the gaming license for that property and has also petitioned that no one be able to reopen that property as a casino. The petition specifies that no company can open a gambling operation on that property for at least five years.
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Atlantic City is one of the slumping casino towns in the United States that has seen many better days. One knock on the city is that the State of New Jersey has never approved a sports betting license for any casino there. It is thought that sports betting may have produced the boost the city needed to for its casinos to survive.