Icahn: NJ Senate leader Sweeney ‘selling out’ Atlantic City

ATLANTIC CITY, N.J. (AP) -- Billionaire investor Carl Icahn is accusing New Jersey's Senate president of "selling out" Atlantic City by considering casinos near New York City.

Icahn responded Friday to stinging criticism by state Senate President Steve Sweeney and others about Icahn's role in a proposed bailout of the struggling Trump Taj Mahal Casino Resort. Icahn says he'll give the casino $100 million, but only with union givebacks and tax credits.

Sweeney is ruling out any state contribution to Icahn's proposed transfer. That makes it even more likely the Taj Mahal will close on Nov. 13.

Icahn says Sweeney, who is also a union leader, "is selling out Atlantic City" by publicly considering expanding casino gambling to the Meadowlands - something he and many other southern New Jersey politicians were once solidly against.

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