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 facing an unprecedented freefall. After many years of declining revenues, at least two casinos have already closed or plan to shut this season, and another is facing a bankruptcy that is second 2 yrs. And now, a fourth has stated that they also expect you’ll shut straight down in just a few months.
That’s the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they expect the venue to close on September 16. Even though the owners reportedly said that the choice isn’t entirely last, employees had been to receive warnings of the anticipated closing on earlier this week.
‘Although [the] review has not been completed and no concluding decision happens to be made, the company expects so it will terminate 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 anticipated, the effect 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 about to close in August. Meanwhile, the Revel happens to be in bankruptcy court for the second time, 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 in comparison to 12 at the start of the year.
According to an AP report, no buyer has yet come forward to take over the casino, and it is maybe not yet known what the long term could hold for the building after the resort closes.
The Trump Plaza was exposed 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 involved in the daily operations of the company. The venue cost $210 million to build.
Loss in Casinos Could Help resorts that are remaining
While the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s reason to think it could actually aid in the long run. The casino that is oversaturated in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being particularly harmful.
But you will find still lots of visitors to the populous city, sufficient reason for eight casinos still active there, many gamblers will haven’t any trouble finding a resort that appeals to them. That means that there may be nearly as many gamblers as before, but that there will now be only eight casinos to separate those customers rather than 12.
Which is comfort that is cold those who lose jobs as a result of the casino closures, however. If both the Revel and Trump Plaza were to shut, that could mean that nearly 8,000 casino employees will have lost jobs in Atlantic City this year alone. That represents about a quarter regarding the city’s gambling workforce.
Trump Plaza has long been available on the market, but Trump Entertainment Resorts has had trouble finding a buyer that is interested. Last year, the venue ended up being nearly sold for $20 million to a firm 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, that is denied he’s got any links to arranged crime, was purchased to post $2 million bail, along with giving up their $48 million private jet as collateral. (Image: bankrollmob.com)
Probably if you prepare to set up an unlawful activities betting ring, doing it regarding the property of a significant Las Vegas casino with their sports book is not your most useful idea ever. But that reality seems to have eluded high-stakes poker player Paul Phua, who is arrested along with A world that is illegal cup band running out of three luxury rooms in Caesars Palace on the vegas Strip.
The FBI broke up the operation during the high-roller suites final week, where in actuality the gang of seven men and something woman had been running what the Gambling Control Board described being a kind of high-tech ‘wire room,’ where illegal World Cup bets were being monitored by computers remotely associated with others computer systems offshore.
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 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 group that is criminal.
The ‘Wire Room’
The court heard Phua had been arrested in Macau in mid-June and charged 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 procedure remotely.
Caesars became suspicious whenever Phua, or one of his associates, insisted that the casino install an unusual quantity of technical equipment into 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 to be a sportsbook, and next to the computer stations, there were three large screen televisions, tuned into World Cup soccer games.
(We will pause and that means you can observe time that is smirk).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored task in the suites throughout the thirty days. They raided the suites on July 9, seizing gambling documents, computer gear and other evidence.
All eight defendants showed up in court on Monday and were charged with one or more count of the illegal transmission of wagering information and of operating an illegal gambling business. Paul Phua’s Las Vegas attorney, David Chesnoff, denied the hyper link to organized crime and said that Phua would fight the charges.
‘ This is a very sophisticated, intelligent individual who would like 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 purchased to publish $500,000 bail. Both defendants were ordered to be electronically monitored and also to stay on home detention in the custody of a neighborhood medical practitioner who had befriended Phua senior through the poker community. According to Chesnoff, several poker players, including Andrew Robl, were rallying around to simply help upload Phua’s bail, with Robl apparently willing to pay $1.5 million.
On the list of 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 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 face up to five years in prison. And of course the wrath of the Triad.
Bart Tichelman Daughter Charged in Bing Executive Overdose
Bart Tichelman’s daughter Alix happens to be faced with voluntary manslaughter in the death of A bing professional. (Image: Shmuel Thaler/AP)
Medications, prostitution as well as the death of a major corporate executive sound such as the components of a made-for-TV movie. However in this case, the story is all too real, and also features a connection that is surprising the world of gambling.
Alix Catherine Tichelman, a model who police say was also a high-end prostitute, has been charged with manslaughter in connection with all 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 for the overdose that is resulting. Hayes died on November 23, 2013.
That cost was passed down in Santa Cruz Superior Court last week, along with fees of control, management 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 inside her role being a prostitute. Security footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ human anatomy and drinking from a glass of wine without doing any such thing to lightning link slot strategy help him after she had presumably inserted him utilizing the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to determine Tichelman, as did her tattoos that are distinctive which she had shared on social news records.
Tichelman ended up being arrested week that is last authorities lured her to a Santa Cruz hotel. Reports say that police led her to think that the client that is rich prepared to pay her $1,000 for sex.
Although the present charge linked to Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation generate more evidence.
‘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 is the daughter of Bart Tichelman, the CEO of SynapSense, a firm that is folsom-based manages Internet data centers throughout the entire world. He is also a successful poker player with over $430,000 in job tournament earnings. Most of this came in one major money: 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 group of Poker event within the last weeks that are few.
Alix Tichelman was previously linked with Dean Riopelle, a previous enthusiast whom died just two months before Hayes. Riopelle died of the heart attack, but police are now apparently reopening an investigation into his death since the circumstances were nearly the same as 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 whom had been convicted of the voluntary manslaughter of a girl whom died after a life-threatening dose of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, and when said she enjoyed modeling her to play a character because it allowed. She also saw herself as an author and poet, often posting dark poems to Facebook and other social media sites.