Trump Plaza’s shutdown will imply that as four Atlantic City casinos might be closed this year. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is presently facing a freefall that is unprecedented. After many 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 also expect you’ll shut down in just a month or two.
That is 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. Although the owners reportedly said that the decision isn’t entirely final, employees had been to receive warnings for the anticipated closing on earlier this week.
‘Although [the] review hasn’t been completed and no final decision has been made, the business expects it will end 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 this year down. In January, the Atlantic Club shuttered its doors, while the Showboat is likely to close in August. Meanwhile, the Revel is currently in bankruptcy court for the 2nd time, and may potentially shut if a customer for the home can’t be discovered. That could leave the town with simply eight casinos that are remaining compared to 12 at the start of the 12 months.
According to an AP report, no buyer has yet come forward to just take over the casino, which is not yet known what the near future 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 only owns a ten percent stake in Trump Entertainment Resorts and is no longer involved in the daily operations associated with company. The venue cost $210 million to construct.
Loss in Gambling Enterprises Could Help resorts that are remaining
Whilst the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s explanation to think it might actually assist in the long run. The oversaturated casino market in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being particularly harmful.
But you will find still plenty of visitors to the populous city, along with 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 numerous gamblers as before, but that there will now be only eight casinos to divide those customers rather than 12.
That’ll be comfort that is cold those who lose jobs due to 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 the city’s gambling workforce.
Trump Plaza is definitely in the marketplace, but Trump Entertainment Resorts has had trouble finding a buyer that is interested. Last year, the venue ended up being nearly offered for $20 million to a company in California, but that deal fell through. If 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, that is denied he has any links to crime that is organized was ordered to post $2 million bail, along with giving up his $48 million private jet as collateral. (Image: bankrollmob.com)
Probably if you plan to set up an unlawful sports betting ring, doing it in the property of a major Las Las vegas casino with their own activities book is not your most readily useful idea ever. But that reality seemingly have eluded high-stakes poker player Paul Phua, who has been arrested along side A world that is illegal cup band operating out of three luxury rooms in Caesars Palace on the Las vegas, nevada Strip.
The FBI broke up the operation at the high-roller suites last week, where in actuality the gang of seven men and one woman had been running what the Gambling Control Board described as being a kind of high-tech ‘wire space,’ where illegal World Cup bets had been being monitored by computers remotely connected to others computers offshore.
The poker world understands Paul Phua, 50, as high-stakes poker player, a ‘wealthy Asian businessman’ and a figure that is prominent the fabled Macau big game; he is ranked #1 on the Hendon Mob’s Macau All-Time Money List. Three months ago he came sixth into the EPT Grand Final High Roller Event in Monte Carlo as well as in 2012 he played in the Big One for just one Drop tournament. However, in accordance with the FBI, he is Wei Seng Phua, a high-ranking member of the 14K Triad organized unlawful group.
The ‘Wire Room’
The court heard Phua had been arrested in Macau in mid-June and faced with running a gambling that is illegal there. After being released on bail, it seems he hot-tailed it up to vegas to continue 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 help eight subscriber that is digital on top the normal WiFi access. Employees observed computer monitors that were hooked up to what appeared as if a sportsbook, and next to the computer stations, there were three screen that is large, tuned into World Cup soccer games.
(We are going to pause so that you can observe time that is smirk).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored activity into the suites throughout the thirty days. They raided the suites on July 9, seizing gambling documents, computer equipment and other evidence.
All eight defendants appeared in court on Monday and were charged with one or more count of the unlawful transmission of wagering information and of running an illegal gambling company. Paul Phua’s Las Vegas attorney, David Chesnoff, denied the web link to planned crime and 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 jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly a known person in the gang, was bought to post $500,000 bail. Both defendants were ordered to be electronically monitored also to stay on home detention in the custody of a regional physician who had befriended Phua senior through the poker community. According to Chesnoff, several poker players, including Andrew Robl, were rallying around to greatly help post Phua’s bail, with Robl evidently ready 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 same tournament. Yong and their son Wai Kin Yong were both detained as flight risks.
An investigation that is ongoing 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 google professional. (Image: Shmuel Thaler/AP)
Medications, prostitution plus the death of a major corporate executive sound just like the aspects of a made-for-TV movie. But in this case, the story is all too real, and also possesses connection that is surprising the globe 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 with 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 of the ensuing overdose. Hayes died on 23, 2013 november.
That fee was passed in Santa Cruz Superior Court last week, along side fees of possession, management and transport of drugs, in addition to destroying evidence, doing 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 being a prostitute. Safety footage from Hayes’ yacht, the ‘Escape,’ presumably shows Tichelman stepping over Hayes’ human anatomy and ingesting from a glass of wine without doing any such thing to assist him after she had allegedly inserted him utilizing the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to determine Tichelman, as did her distinctive tattoos, which she had shared on social news reports.
Tichelman had been arrested week that is last authorities lured her to a Santa Cruz resort. Reports state that police led her to think that a rich client was ready to pay her $1,000 for intercourse.
Although the present cost 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 human life and she acted deliberately and in conscious disregard for human life.’
Tichelman is Daughter of CEO Poker Player
Tichelman is the child of Bart Tichelman, the CEO of SynapSense, A folsom-based firm that manages Internet data centers throughout the world. He could be also a successful poker player with more than $430,000 in profession tournament earnings. Most of this came in one major cash: a success in a 2008 World variety of Poker Circuit event 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 days gone by weeks lightning link slot online that are few.
Alix Tichelman was previously related to Dean Riopelle, a former fan whom passed away just two months before Hayes. Riopelle died of a heart assault, but police are now apparently reopening a research into their death because the circumstances were very similar to 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 had been convicted of the voluntary manslaughter of a woman who died after a lethal dose of heroin.
Tichelman was understood for modeling under the pseudonym of AK Kennedy, and when said she enjoyed modeling because it permitted her to play a character. She also saw herself as an author and poet, sometimes posting dark poems to Facebook and other social news sites.