ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn says if New Jersey approves casinos in the northern part of the state, he won’t pump $100 million into his newly acquired Taj Mahal casino in Atlantic City.
Icahn says that his planned investment in the casino he acquired Friday from bankruptcy court is contingent on New Jersey not approving two new casinos just outside New York City.READ MORE: Camden County Issues Code Blue Due To How Cold It Will Get Tuesday Night
Icahn, whose Tropicana Entertainment will run the Taj Mahal, says in-state competition will devastate Atlantic City and make it impossible to invest that much money into his new casino.READ MORE: Trial Resumes In Harrisburg Tuesday That Could Impact How Pennsylvania Funds Public Schools
A bill to authorize a statewide referendum in November on north Jersey casinos is expected to be passed later this month.MORE NEWS: Teen Victim Speaks Out For First Time Following Racially Motivated Attack Aboard SEPTA Train
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