Report: Icahn in talks to sell Trump Taj Mahal

Billionaire Carl Icahn has reportedly begun searching for a buyer for his Trump Taj Mahal casino, just one day after New Jersey legislators passed a bill that severely restricted Icahn’s future options for the property.

On Tuesday, the New York Post quoted sources claiming that Icahn was “in dialogue with operators” regarding a sale of the Atlantic City casino, which closed its doors in October after failing to come to terms with the property’s unionized workforce.

The news followed Monday’s passage by the New Jersey Assembly of new legislation that would impose a five-year gaming license suspension on any operator that voluntarily closes an Atlantic City casino. The state Senate has approved the bill by a similarly wide majority, leaving only Gov. Chris Christie’s signature for the bill to become law.

Icahn had previously voiced concerns that the legislation was unconstitutional in that it is retroactive to January 2016 and therefore applied only to himself and not to the other four AC properties that have shut their doors since 2014.