Updated: OCTOBER 20, 2016 — 3:39 PM EDT
by WAYNE PARRY, The Associated Press
ATLANTIC CITY, N.J. (AP) – The New Jersey Senate approved a measure Thursday that would punish billionaire Carl Icahn for shutting down the Trump Taj Mahal casino by prohibiting him from holding a casino license for it for five years.
The bill would only apply to Icahn at this time, even though four other Atlantic City casinos have shut down since 2014.
Icahn’s Atlantic City management team says the bill is unfair and unconstitutional, making it virtually impossible to reopen the Taj Mahal should they decide to do so.
The bill has not yet been voted on in the state Assembly. If passed by the full Legislature, it is likely to be vetoed by Republican Gov. Chris Christie, who has made criticism of some labor unions a key part of his political agenda.
