Trump Plaza’s shutdown will imply that as four Atlantic City casinos could possibly be closed this 12 months. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is currently dealing with an unprecedented freefall. 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 two years. And now, a fourth has said that they also be prepared to shut down in only a couple of months.
lightning link slot russian cheats That is the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. As the owners reportedly said that the decision isn’t entirely last, employees had been to get warnings associated with expected closing on previously this week.
‘Although [the] review have not been completed and no concluding decision happens to be made, the business expects that 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 effect could be that as many as a third of Atlantic City’s casinos could close down this year. In January, the Atlantic Club shuttered its doors, while the Showboat is about 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 not be discovered. That could leave the town with just eight casinos that are remaining compared to 12 in the beginning of the 12 months.
In accordance with an AP report, no buyer has yet come forward to take over the casino, and it’s also maybe not yet known just what the near future could hold for the building following the resort closes.
The Trump Plaza was opened in May 1984. At that time, it had been a project that is personal Donald Trump, though he now only owns a ten percent stake in Trump Entertainment Resorts and is no longer tangled up in the day-to-day operations of the company. The venue cost $210 million to build.
Loss in Gambling Enterprises Could Help Remaining Resorts
While the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s reason to believe it may 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 especially harmful.
But there are still plenty of visitors to the 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 divide those customers rather than 12.
Which is cold comfort to those who lose jobs due to the casino closures, however. If both the Revel and Trump Plaza had been to shut, that could suggest that nearly 8,000 casino workers need lost jobs in Atlantic City this present year alone. That represents in regards to a quarter associated with city’s gambling workforce.
Trump Plaza is certainly available on the market, but Trump Entertainment Resorts has had trouble finding an interested buyer. Last year, the venue ended up being almost sold for $20 million to a company in California, but that deal fell through. If the Plaza near down, Trump Entertainment will operate just 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’s any links to orderly crime, was bought to post $2 million bail, along side quitting their $48 million private jet as collateral. (Image: bankrollmob.com)
Probably if you plan to set up an unlawful recreations betting ring, doing it on the property of an important Las Las vegas casino with their own sports book is not your most readily useful idea ever. But that reality seems to have eluded high-stakes poker player Paul Phua, who is arrested along with a illegal world cup gambling ring operating out of three luxury rooms in Caesars Palace on the Las Vegas Strip.
The FBI broke up the operation at the high-roller suites week that is last where in actuality the gang of seven men and something woman had been running what the Gambling Control Board described as a kind of high-tech ‘wire space,’ where illegal World Cup bets were being monitored by computers remotely associated with others computers overseas.
The poker world knows 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 ago he came sixth in the EPT Grand Final High Roller Event in Monte Carlo plus in 2012 he played within the Big One for One Drop competition. However, in accordance with 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 running an illegal gambling business there. After being released on bail, this indicates he hot-tailed it over to Las Vegas to carry on running the operation remotely.
Caesars became suspicious when Phua, or certainly one of his associates, insisted that the casino install an unusual quantity of technical equipment within the suites, enough to help eight electronic subscriber lines on top the normal WiFi access. Employees observed computer monitors that were hooked up to what appeared as if a sportsbook, and then to the computer stations, there were three large display televisions, tuned into World Cup soccer games.
(We will pause and that means you can observe smirk time now).
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 a minumum of one count of the illegal transmission of wagering information and of operating a gambling business that is illegal. Paul Phua’s Las Vegas attorney, David Chesnoff, denied the link to crime that is organized said that Phua would fight the charges.
‘ This will be a very advanced, intelligent individual who really 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 a known person in the gang, was purchased to publish $500,000 bail. Both defendants were ordered to be electronically monitored also to stay on home detention in 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 post 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 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 investigation that is ongoing being conducted by the FBI, Homeland Security Investigations, and the Nevada Gaming Control Board. If found guilty, the defendants could face up to 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 is faced with voluntary manslaughter in the death of A google executive. (Image: Shmuel Thaler/AP)
Drugs, prostitution and the death of the major executive that is corporate such as the elements of a made-for-TV movie. But in this case, the story is all too real, and also has a connection that is surprising the world of gambling.
Alix Catherine Tichelman, a model who police say ended up being also a prostitute that is high-end has been charged with manslaughter in connection utilizing 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 overdose that is resulting. Hayes died on 23, 2013 november.
That cost was passed down in Santa Cruz Superior Court last week, along with charges of control, management and transportation of drugs, also destroying evidence, engaging in prostitution, and agreeing to prostitution. Tichelman didn’t enter a plea.
Security Footage Shows Tichelman on Yacht
Police allege that Tichelman had an ongoing relationship with Hayes in her role as a prostitute. Safety footage from Hayes’ yacht, the ‘Escape,’ presumably shows Tichelman stepping over Hayes’ human body and consuming from a glass of wine without doing anything to aid him after she had presumably inserted him using the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to identify Tichelman, as did her tattoos that are distinctive which she had shared on social news records.
Tichelman ended up being arrested last week after authorities lured her to a Santa Cruz resort. Reports say that police led her to think that a client that is rich prepared to pay her $1,000 for sex.
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.
‘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 could be the child of Bart Tichelman, the CEO of SynapSense, A folsom-based firm that manages Internet data centers throughout the planet. He could be also a successful poker player with over $430,000 in job tournament earnings. Most of this came in one major money: a triumph in a 2008 World group of Poker Circuit occasion 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 occasion within yesteryear couple weeks.
Alix Tichelman once was associated with Dean Riopelle, a former enthusiast who passed away just two months before Hayes. Riopelle died of a heart attack, but police are now apparently reopening an investigation into their death while the circumstances were very similar to those of Hayes.
There’s also another connection with a similar death in Tichelman’s past. She once dated Warren Ullom, an Atlanta singer whom ended up being convicted of the manslaughter that is voluntary of girl whom died after a deadly dose of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, and once said she enjoyed modeling because it permitted her to try out a character. She also saw herself as a writer and poet, often posting dark poems to Facebook and other social news sites.