As a secured lender who’s owed $285 million plus interest, Carl Icahn’s in a prime position in the Trump Entertainment Resorts Inc. Chapter 11 case. The case began on Tuesday and is speeding toward a possible shutdown of the two casinos on the Atlantic City Boardwalk still bearing the name of rival billionaire Donald J. Trump, the Wall Street Journal reported today. Trump Plaza closed on Tuesday, but there’s a chance Trump Taj Mahal, the larger and more successful of the two, can be saved. Court papers pin that hope on concessions from Unite Here Local 54, the union that represents thousands of Atlantic City casino workers.
