New Jersey Senate fails to override anti-Icahn legislation veto

There is no longer a legal impediment that will prevent billionaire investor Carl Icahn from selling the now shuttered Taj Mahal casino in Atlantic City.

The New Jersey Senate on Tuesday came too close in overriding Gov. Chris Christie’s veto of a controversial legislation that will suspend for five years the gambling license of any New Jersey casino that “substantially closed” last year or in the future.

NJ.com reported that the Democratic-controlled Senate could only muster 24 of the 27 votes needed to overturn Christie’s veto on measure S2575. The 13 Republican senators were all united in opposing the override despite four of them voted in favor of the bill.

Republican Senators Jennifer Beck of Monmouth County, Christopher Connors of Ocean, Michael Doherty of Warren, and Jim Jim Holzapfel of Ocean joined the Democratic senators in enacting the bill that some lawmakers said would punish Icahn for closing the Trump Taj Mahal casino in 2016.