Is Carl Icahn giving up on Atlantic City, New Jersey? In a letter to Mayor Don Guardian, who recently rejected Icahn’s request for tax reductions to help keep the Trump Taj Mahal operational, Icahn said he “would like to see Atlantic City saved,” but in order for this to happen “investors need to believe they have a chance” at making money on the project. In light of Guardian’s recent moves, “Today, obviously this is not the case,” Icahn wrote. Icahn asked Atlantic City Hotel Union employees for concessions Striking out with Guardian is the second in a string of losses…
Is Icahn Giving Up On Atlantic City or Just Negotiating?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.