Is Icahn Giving Up On Atlantic City or Just Negotiating?

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 for the activist investor in a town famous for gambling winners and losers.  As previously reported in ValueWalk, Icahn asked Atlantic City...