Trump Plaza’s shutdown will mean that as four Atlantic City casinos might be closed this 12 months. (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 this season, and another is facing a second bankruptcy in couple of years. And now, a fourth has stated that they additionally expect to shut lightning link slot app down in just a month or two.
That’s the fate that is apparent of Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. Even though the owners reportedly said that the decision isn’t entirely final, employees were to get warnings for the expected closing on previously this week.
‘Although [the] review have not been completed and no final decision was made, the company expects it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014,’ the business told the Associated Press.
Trump Plaza Joins Other AC Closures
If the closure goes through as anticipated, the result could be that up to a third of Atlantic City’s casinos could close down this 12 months. In January, the Atlantic Club shuttered its doors, while the Showboat is likely to close in August. Meanwhile, the Revel happens to be in bankruptcy court for the time that is second and might potentially close if a customer for the home can’t be found. That could keep the town with just eight casinos that are remaining compared to 12 in the beginning of the 12 months.
According to an AP report, no buyer has yet come forward to take over the casino, and it is perhaps not yet known 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 ended up being a project that is personal Donald Trump, though he now just owns a 10 percent stake in Trump Entertainment Resorts and is no longer involved with the daily operations for the company. The venue cost $210 million to construct.
Loss of Gambling Enterprises Could Help Remaining Resorts
As the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s reason to think it might actually help in the long run. The casino that is oversaturated in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being particularly damaging.
But you can find still lots of visitors to the populous city, sufficient reason for eight casinos still active there, most gamblers will have no trouble locating a resort that appeals to them. That means that there could be nearly as many gamblers as before, but that there will now be only eight casinos to rather split those customers than 12.
That will be cold convenience to those who lose jobs as a consequence of the casino closures, however. If both the Revel and Trump Plaza were to shut, that could suggest that nearly 8,000 casino employees will have lost jobs in Atlantic City in 2010 alone. That represents in regards to a quarter associated with city’s gambling workforce.
Trump Plaza is certainly in the marketplace, but Trump Entertainment Resorts has had trouble finding a buyer that is interested. Last year, the venue was almost sold for $20 million to a company in California, but that deal fell through. Should the Plaza near 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’s denied he’s got any links to arranged crime, was purchased to post $2 million bail, along with giving up 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 seems to have eluded high-stakes poker player Paul Phua, who happens to be arrested along with A world that is illegal cup ring operating out of three luxury suites in Caesars Palace on the vegas Strip.
The FBI broke up the procedure at the high-roller suites week that is last in which the gang of seven men and something woman had been running what the Gambling Control Board described being a kind of high-tech ‘wire space,’ where illegal World Cup bets had been being monitored by computers remotely associated with 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, according to the FBI, he could be 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 running an illegal gambling business there. After being released on bail, it seems he hot-tailed it over to vegas to carry on running the operation remotely.
Caesars became suspicious whenever Phua, or one of his associates, insisted that the casino install an unusual level of technical equipment within the suites, enough to support eight subscriber that is digital on top the normal WiFi access. Employees observed computer monitors which were hooked up to what looked like a sportsbook, and then to the computer stations, there have been three large screen televisions, tuned into World Cup soccer games.
(We will pause so you can observe time that is smirk).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored activity in the rooms through the 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 company. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the link to crime that is organized said that Phua would fight the charges.
‘ This will be 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 jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly a known member of the gang, was ordered to post $500,000 bail. Both defendants had been ordered to be electronically monitored also to stay on home detention within 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 help upload Phua’s bail, with Robl apparently willing to pay $1.5 million.
One of the group was another poker player, Malaysian Seng that is national Chen, 56. In April 2012, Yong placed 4th in the Asian Poker Tour Manila for $ 439,379, coincidently a year before Phua also placed fourth in the same tournament. 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 discovered guilty, the defendants could confront five years in prison. As well as the wrath of the Triad.
Bart Tichelman Daughter Charged in Bing Executive Overdose
Bart Tichelman’s daughter Alix was charged with voluntary manslaughter in the death of A bing executive. (Image: Shmuel Thaler/AP)
Medications, prostitution while the death of a major corporate professional sound just like the components of a made-for-TV movie. But in this case, the story is all too real, and also possesses connection that is surprising the world of gambling.
Alix Catherine Tichelman, a model who police say was also a prostitute that is high-end has been charged with manslaughter in connection using the loss of Forrest Tim Hayes, a Google executive. Tichelman is accused of injecting Hayes with heroin on his yacht, then leaving him to die associated with the resulting overdose. Hayes died on November 23, 2013.
That charge was passed down in Santa Cruz Superior Court last week, along with fees of possession, administration and transportation of drugs, also destroying evidence, doing prostitution, and agreeing to prostitution. Tichelman didn’t enter a plea.
Security Footage Shows Tichelman on Yacht
Police allege that Tichelman had a relationship that is ongoing Hayes inside her role being a prostitute. Safety footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ body and drinking from a glass of wine without doing such a thing to assist him after she had allegedly inserted him utilizing 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 was arrested week that is last authorities lured her to a Santa Cruz resort. Reports state that police led her to believe that a rich client was prepared to pay her $1,000 for intercourse.
The situation could get even worse for Tichelman should the investigation turn up more evidence while the current charge related to Hayes’ death is manslaughter.
‘In the event that evidence shows that murder can be proven beyond a reasonable doubt, then we will certainly evaluate that when that is presented,’ said prosecutor Rafael Vazquez. ‘She knew the act was dangerous to human life and she acted deliberately and in conscious disregard for human life.’
Tichelman is Daughter of CEO Poker Player
Tichelman could 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 more than $430,000 in job tournament earnings. Most of this came in one cash that is major a success in a 2008 World variety of Poker Circuit occasion in Tunica that earned him $425,595 in prize money. Bart Tichelman is still active in poker today, even cashing in a World Series of Poker event within the last few weeks.
Alix Tichelman was once related to Dean Riopelle, a previous lover whom died just two months before Hayes. Riopelle died of the heart attack, but police are now reportedly reopening a research into his death due to the fact circumstances were much like those of Hayes.
There’s also another connection with a comparable death in Tichelman’s past. She once dated Warren Ullom, an Atlanta singer whom had been convicted of the voluntary manslaughter of a girl whom died after a lethal dose of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, as soon as said she enjoyed modeling her to play a character because it allowed. She also saw by herself as a writer and poet, sometimes posting dark poems to Twitter and other media sites that are social.