“It’s as black and white as it can be: They can’t sell that casino without our consent. It’s not going for anywhere close to $20 million,” said Icahn.
Icahn also holds the mortgage for the Trump Taj Mahal Casino Resort and the sale of the Trump Plaza cannot go through without his approval. Icahn feels the casino should be sold for more and that the casino has not invested enough money into improving itself. $20 million would be the lowest sale price to date for an Atlantic city casino.
Icahn previously approved the sale of the Trump Marina Hotel Casino, now the Golden Nugget Atlantic City, and says he does not have a problems with the Meruelo Group purchasing the Trump Plaza for a higher price.