Icahn: Union costs helped kill 4 Atlantic City casinos

March 31, 2015 6:44 PM

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Billionaire investor Carl Icahn says a big reason four of Atlantic City's 12 casinos closed last year is the "exorbitant" payments they had to make to a union-run health insurance fund and an underfunded pension plan.

Icahn told The Associated Press on Tuesday that Local 54 of the Unite-HERE union "is one of the main contributors to the problems in Atlantic City." His comments came a day after union president Bob McDevitt said Icahn is trying to "disembowel" Atlantic City to line his own pockets.

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