Trump Plaza’s shutdown will imply that as four Atlantic City casinos could possibly be closed this year. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is presently dealing with a freefall that is unprecedented. After several years of declining revenues, at minimum two casinos have already closed or plan to close in 2010, and another is facing a bankruptcy that is second 2 yrs. And now, a fourth has stated that they additionally expect to shut down in just a months that are few.
That’s the fate that is apparent of Trump Plaza casino, as Trump Entertainment Resorts has said that they expect the venue to close on September 16. While the owners reportedly said that the choice isn’t entirely final, employees were to get warnings associated with the expected closing on previously this week.
‘Although [the] review has not been completed and no concluding decision happens to be made, the business expects so it will end the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014,’ the company told the Associated Press.
Trump Plaza Joins Other AC Closures
If the closure goes through as expected, the end result could be that up to a third of Atlantic City’s casinos could close this year down. In January, the Atlantic Club shuttered its doors, while the Showboat is likely to aussie-pokies.club close in August. Meanwhile, the Revel is in bankruptcy court for the time that is second and might potentially close if a customer for the property can not be found. That could keep the town with simply eight remaining gambling enterprises, compared to 12 in the beginning of the year.
In accordance with an AP report, no buyer has yet come forward to take the casino over, which is maybe not yet known just what the long term could hold for the building after the resort closes.
The Trump Plaza was opened in May 1984. At the time, it had been a personal project for Donald Trump, though he now only owns a 10 percent stake in Trump Entertainment Resorts and is no longer involved in the day-to-day operations for the company. The venue cost $210 million to create.
Lack of Casinos Could Help resorts that are remaining
Even though the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s explanation to trust it might actually aid in the long run. The oversaturated casino market in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being especially damaging.
But you will find still plenty of visitors to the populous city, sufficient reason for eight casinos nevertheless active there, most gamblers will have no trouble locating a resort that appeals to them. That means that there may be nearly as much gamblers as before, but that there will now be only eight casinos to rather split those customers than 12.
That’ll be comfort that is cold those whom lose jobs because of the casino closures, however. This year alone if both the Revel and Trump Plaza were to close, that could mean that nearly 8,000 casino employees will have lost jobs in Atlantic City. That represents in regards to a quarter of this city’s gambling workforce.
Trump Plaza is certainly in the marketplace, but Trump Entertainment Resorts has had trouble finding an interested buyer. Final year, the venue was almost offered for $20 million to a company in California, but that deal fell through. Should the Plaza close down, Trump Entertainment will operate simply one casino in Atlantic City, the Trump Taj Mahal.
Poker Player Paul Phua Arrested with World Cup Gambling Ring
Paul Phua, who is denied he’s got any links to organized crime, was ordered to post $2 million bail, along side quitting his $48 million private jet as collateral. (Image: bankrollmob.com)
Probably on the property of a major Las Vegas casino with their own sports book is not your best idea ever if you plan to set up an illegal sports betting ring, doing it. But that reality seemingly have eluded high-stakes poker player Paul Phua, who was arrested along side A world that is illegal cup ring running out of three luxury suites in Caesars Palace on the Las vegas, nevada Strip.
The FBI broke up the procedure during the high-roller suites final week, in which the gang of seven men and another woman had been running what the Gambling Control Board described as a kind of high-tech ‘wire space,’ where illegal World Cup bets had been being monitored by computers remotely linked to others computer systems offshore.
The poker world understands Paul Phua, 50, as high-stakes poker player, a ‘wealthy Asian businessman’ and a prominent figure in the fabled Macau big game; he is ranked #1 on the Hendon Mob’s Macau All-Time Money List. Three months he played in the Big One for One Drop tournament ago he came sixth in the EPT Grand Final High Roller Event in Monte Carlo and in 2012. However, based on the FBI, he’s Wei Seng Phua, a high-ranking member of the 14K Triad organized criminal group.
The ‘Wire Room’
The court heard Phua had been arrested in Macau in mid-June and faced with operating an illegal gambling business there. After being released on bail, it seems he hot-tailed it over to vegas to continue running the procedure remotely.
Caesars became suspicious when Phua, or one of his associates, insisted that the casino install an unusual level of technical equipment in the suites, enough to support eight electronic subscriber lines on top the normal WiFi access. Employees observed computer monitors which were hooked up to what looked like a sportsbook, and next to the computer stations, there were three screen that is large, tuned into World Cup soccer games.
(we’ll pause so that you can observe time that is smirk).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored task in the suites through the entire month. They raided the suites on July 9, seizing gambling records, computer equipment and other evidence.
All eight defendants appeared in court on Monday and were charged with at least one count of the illegal transmission of wagering information and of operating an illegal gambling business. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the web link to crime that is organized said that Phua would fight the charges.
‘ This is a very sophisticated, intelligent individual who wants to defend himself,’ said Chesnoff.
$2 Million Bail for Phua
US Magistrate Judge Bill Hoffman set the bail for Paul Phua at $2 million, along with his $48 million private jet as collateral. Phua’s son Darren Phua, 22, also allegedly member of the gang, was purchased to post $500,000 bail. Both defendants had been ordered to be electronically monitored and also to stay on home detention into the custody of a doctor that is local had befriended Phua senior through the poker community. According to Chesnoff, several poker players, including Andrew Robl, were rallying around to simply help publish Phua’s bail, with Robl apparently prepared to pay $1.5 million.
Among the group was another poker player, Malaysian national Seng Chen Yong, 56. In April 2012, Yong placed fourth in the Asian Poker Tour Manila for $ 439,379, coincidently per year before Phua also placed fourth in the tournament that is same. Yong and his son Wai Kin Yong were both detained as flight risks.
An ongoing investigation is being conducted by the FBI, Homeland Security Investigations, and the Nevada Gaming Control Board. If found guilty, the defendants could confront five years in prison. As well as the wrath of the Triad.
Bart Tichelman Daughter Charged in Google Executive Overdose
Bart Tichelman’s daughter Alix is faced with voluntary manslaughter in the loss of A bing executive. (Image: Shmuel Thaler/AP)
Drugs, prostitution as well as the death of a major executive that is corporate just like the elements of a made-for-TV film. However in this case, the story is all too real, and also includes a astonishing link with the globe of gambling.
Alix Catherine Tichelman, a model who police say had been also a prostitute that is high-end has been charged with manslaughter in connection because of the death of Forrest Tim Hayes, a Google executive. Tichelman is accused of injecting Hayes with heroin on his yacht, then leaving him to die regarding the ensuing overdose. Hayes died on November 23, 2013.
That charge was passed in Santa Cruz Superior Court week that is last along with fees of possession, administration and transportation of drugs, along with destroying evidence, participating in prostitution, and agreeing to prostitution. Tichelman failed to enter a plea.
Security Footage Shows Tichelman on Yacht
Police allege that Tichelman had an ongoing relationship with Hayes in her role as being a prostitute. Security footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ human body and drinking from a glass of wine without doing such a thing to help him after she had allegedly injected him because of the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to recognize Tichelman, as did her distinctive tattoos, which she had shared on social media reports.
Tichelman ended up being arrested week that is last authorities lured her to a Santa Cruz hotel. Reports state that police led her to think that a client that is rich willing to pay her $1,000 for sex.
As the present charge regarding Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation generate more proof.
‘then we’ll certainly evaluate that when that’s presented,’ said prosecutor Rafael Vazquez if the evidence shows that murder can be proven beyond a reasonable doubt. ‘She knew the act was dangerous to life that is human she acted deliberately and in conscious disregard for human life.’
Tichelman is Daughter of CEO Poker Player
Tichelman may be the daughter of Bart Tichelman, the CEO of SynapSense, a firm that is folsom-based manages Internet data centers throughout the planet. He could be also a successful poker player with over $430,000 in career tournament earnings. Most of this came in one major cash: a victory in a 2008 World Series of Poker Circuit event in Tunica that earned him $425,595 in prize cash. Bart Tichelman is still active in poker today, even cashing in a World variety of Poker event within yesteryear few weeks.
Alix Tichelman was previously associated with Dean Riopelle, a lover that is former passed away just two months before Hayes. Riopelle died of the heart attack, but police are now apparently reopening an investigation into their death once the circumstances were much like those of Hayes.
There’s also another connection with a death that is similar Tichelman’s past. She once dated Warren Ullom, an Atlanta singer who was convicted of the voluntary manslaughter of a woman who died after a lethal dosage of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, and once said she enjoyed modeling because it permitted her to play a character. She also saw by herself as an author and poet, sometimes posting dark poems to Facebook and other media sites that are social.