Billionaire Icahn settles Showboat casino dispute
Blatstein bought the former Atlantic City casino and reopened it this year as a non-gambling hotel. He told The Associated Press that Icahn, who owns the Trump Taj Mahal casino next door, agreed to only "a minor consideration" that does not involve payment in return for resolving the claim.
At issue was a 1988 legal covenant requiring that the Showboat not be used for anything other than a casino. That document scuttled Stockton University's attempt to turn the casino into a satellite campus after buying it without getting the restriction lifted.
The university then sold the casino to Blatstein, who is mulling plans unlikely to include casino gambling.
"I have a nice working relationship with Carl, and he is interested in doing the right thing for Atlantic City," Blatstein said. "No money changed hands, and it was a pleasure dealing with him."
A spokesman for Icahn confirmed the agreement but declined to comment further.
Massachusetts high court signals skepticism in Kalshi sports contracts case
State attorneys general push for local control over sports prediction markets
Win Systems launches Wigos CMS at Casino City Center Rosario in Argentina
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
CT Interactive expands portfolio, boosts Bulgaria presence in April
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Racing and Sports partners with Altenar to enhance global racing offering
Altenar wins Best Online Sportsbook Provider 2026 at SiGMA South America
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
