Carl Icahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Must Resolve by Monday


Carl Ic<span id="more-13192"></span>ahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Must Resolve by Monday

Workers picketing the Trump Taj Mahal have actually until 5 pm ET on Monday, July 18 to accept a brand new medical offer, or it is off the dining table once and for all. That’s the word this from the Atlantic City casino’s owner, Icahn Enterprises week.

Striking union workers outside the Trump Taj Mahal in Atlantic City also demonstrated outside Donald Trump’s New York offices this week.

The strike at the Taj has been ongoing since July 1, when around 1,000 bar staff, chefs, porters, and cleaners, organized by Local 54 of the Unite-HERE union, walked off the premises in protest at the loss of healthcare and pension benefits friday.

Action continued over the Independence that is normally lucrative Day and has shown no signs of abating. Organizers have said the plan offered up by the casino’s management represents ‘a shadow’ of the health care benefits of other Atlantic City casino workers, and that industrial action will continue for ‘as long since it takes.’

Rightsized Benefits

Carl Icahn rescued the Taj from chapter 11 bankruptcy in 2014. The billionaire corporate raider and activist investor consented to battle nearly all its $286 million debt as part for the purchase agreement.

He additionally promised to show that debt into equity and to take a position within the property, but only if Atlantic City while the courts granted him the temporary cessation of worker retirement and health care benefits.

The courts complied, but now, with some signs of recovery within the Atlantic City casino sector, union workers want their benefits to reflect the uptick. Industry analysts have called the seaside resort’s range video gaming houses ‘rightsized,’ following the closures of several properties within the last years that are few. Local 54 claims its workers want their advantageous assets to too be rightsized.

Demos Outside Trump’s Nyc Offices

This week, demonstrators headed for ny, and chants were heard outside of Donald Trump’s Manhattan offices. Icahn has announced their support for A president that is potential trump who when said that Icahn would produce a great Secretary of the Treasury in their theoretical cabinet. Icahn hasn’t expressed any fascination with such a position, however.

Whilst the Trump Taj Mahal nevertheless bears the name associated with presumptive GOP nominee that is presidential he not any longer has any financial interest in the property. Trump purchased in 1988, unfinished, for $230 million, but by the right time it absolutely was completed in 1990, construction expenses had escalated to $1 billion.

He declared the property bankrupt later that and then again in 2004, and the union still blames him for Atlantic City’s woes year.

‘Both Trump and Icahn took a lot of cash out of this property, an incredible number of bucks which could have been accustomed reconstruct it and provide wages that are good benefits for employees,’ union spokesman Ben Begleiter told the Associated Press. ‘Now Trump thinks Icahn should be operating America’s economy. If that occurs, then all of America’s workers are in trouble.’

Aussie Pols Call for $1 Pokie Limits and Ban on TV Gambling Ads

Senator Nick Xenophon said that Australia’s parents are concerned by their children talking about chances in place of the game, a condition he puts down to exorbitant gambling marketing during sports broadcasts. (Image:

Australia’s pokie machines should be restricted to $1 per spin, while gambling advertising during activities broadcasts that could be viewed by minors must be banned, say two influential Australian politicians.

Longtime gambling opponents Senator Nick Xenophon and Tasmanian separate MP Andrew Wilkie are demanding tighter regulation of Australia’s gambling industry, in a country where there is cause that is increasing concern about the gambling habits of its citizens.

The proliferation of pokies, or slots, because they are known somewhere else, is a hugely issue that is controversial Australia, along with justification.

There are five time more slot devices within the country, per capita, than you will find in america, and meanwhile, recent studies have shown that Australians spend more per mind on gambling than every other country worldwide; twice up to in the US and three times as much as in britain.

In the last year, the growth of gambling has outpaced the development of the Australian economy by 100 %, while Australians plow around AU$11 billion into pokie devices annually.

Turnbull U-turn

While Prime Minister Malcolm Turnbull’s government has moved to ban in-play online betting in the country, more comprehensive reforms have already been compared by the influential Clubs Australia, an industry body representing 6,500 licensed social clubs across Australia, all of which rely on revenue from gambling.

Turnbull, who had previously supported reform, now states it’s up to your national governments of this Australia’s states and territories to decide their particular gambling laws and regulations. But Xenophon and Wilkie think he’s fudging the problem.

‘ We are arranging a whole series of measures, both in the parliament and outside of the parliament, to deal with the problem of gambling reform and, in particular, one issue that has resonated through the entire community and that is in the dilemma of sports betting advertising,’ said Xenophon in parliament this week.

‘ So many parents have approached each of us to state these are typically appalled their kids are speaking about … the chances of a game in the place of the game itself.’

Untrustworthy Regulators

Wilkie added that the states had so far shown themselves to be ‘untrustworthy’ regulators, which designed that there had been a case that is strong federal intervention.

‘The case is compelling, also it is quite, extremely sad that up until now, parliamentarians haven’t seemed to care enough about the hurt caused by issue gambling; that parliamentarians have been very happy to be entirely away from step with the the greater part associated with members associated with community who would like strong reform,’ said Wilkie.

Larry Flynt Scolds Gardena City Council Over Casino Signage and Last-Minute Tax Provision

The Gardena City Council is not laughing at Larry Flynt’s logo for his planned Lady that is lucky Casino the former house associated with Normandie card club in California. (Image: Rex Features/Associated Press)

Larry Flynt has more money than 99.9 percent of US citizens, but in his home state of Ca the purveyor of all things risqué says he is like a citizen that is second-class.

Appearing before the Gardena City Council on July 12, the ‘Hustler’ publisher lashed down at the area board for voting against his fortunate Lady Casino indication and deciding to amend tax breaks previously afforded to the planned location.

The Normandie Casino was closing after 75 years following the admission of guilt by the card club’s owners that money was laundered through the casino as reported in May. Flynt bought the property earlier this thirty days for a price that is undisclosed.

He’s planning to renovate the Normandie and rebrand it once the Lucky Lady. Along with his Hustler Casino, Flynt now owns two card clubs within the populous city located south of l . a ..

The council initially said it would provide substantial tax breaks to Flynt. Nevertheless, City Manager Mitch Lansdell included a provision during the last minute that now states Flynt must spend $800,000 30 days before any incentives apply. The town Council authorized the noticeable change by a vote of 3-1.

‘ In the 16 years we’ve been down there, I’ve paid the populous city $80.5 million in tax revenue,’ Flynt sternly told the panel. ‘ We saved the populous town from bankruptcy. We’ve been paying the city payroll . . . and I do not think anyone has been doing just as much for the town and received so little.’

Not Lucky

Apart from Flynt’s dissatisfaction and anger on the council’s tax structure changes, he’s also at war with the city over his Lady that is lucky branding. Flynt’s group offered a logo featuring a woman in a swimsuit that is low-cut her feet draped across the ‘Y’ in Lucky.

Council member Tasha Cerda took offense.

‘I nevertheless believe this is offensive to ladies,’ Cerda stated. ‘For anybody who is maybe not going into the casino, to see this image of a woman shaking her legs, scantily dressed, I simply don’t believe is good.’

But Flynt countered by saying the statutory legislation is on their side. Flynt referenced a landmark decision by former US Supreme Court Justice Antonin Scalia that warned governments not to make an effort to legislate ‘taste.’

Ultimatum Delivered

Flynt claims his plans to invest $60 million into the Normandie over the next four years are being put on hold. The card club is a former rival regarding the Hustler Casino because the two properties are less than a mile aside.

Flynt had been ready to go forward with upgrading the Normandie following the council said he would receive tax incentives whenever his profits exceed $2 million 30 days.

Now guaranteed to be on the hook for $800,000 a flynt is walking away month.

‘A proposition that only a fool could sign, and I’m no fool,’ Flynt said. ‘I’ve never heard within my 50 years of business, I’ve never, ever been aware of a deal like that.’

It’s ambiguous if Lansdell and the Gardena City Council will need action to make renovating the Normandie more attractive to Flynt. The following meeting that is scheduled July 26.

Interpol Arrests Over 4,000 Individuals Involved in Illegal Betting During Euro 2016 Football Tournament

Interpol is continuing its crusade against illegal sports betting, but the agency is being criticized by some for going after the little guys instead for the multibillion-dollar operators. (Image: European Pressphoto Agency)

Interpol arrested more than 4,100 individuals and seized some $13.6 million from illegal sports gambling rings during come early july’s 2016 UEFA European Championship (Euro 2016).

The international legislation enforcement agency unveiled on July 18 that it carried out two operations during the month-long football competition.

Dubbed ‘Operation SOGA VI’ and ‘Aces,’ the 2 stings involved over 4,000 raids by police. Prohibited gambling operators were targeted in China, France, Greece, Italy, Malaysia, Singapore, Thailand, Vietnam, Cambodia, Southern Korea, and the Philippines.

Interpol believes those apprehended handled $649 million in wagers.

‘Illegal gambling creates massive profits for organized crime networks which are generally linked to corruption, human trafficking and money laundering,’ said Jim Anderson, associate manager of Interpol’s Anti-Corruption and Financial Crimes Unit. ‘The successes of Operations SOGA and Aces would perhaps not have already been achieved without global information sharing and the significant efforts by regulations enforcement authorities on the floor.’

Massively Popular, Massively Corrupt

Football, or soccer as it’s more commonly understood in the usa, is considered the most sport that is popular the entire world. The game is estimated to have 3.5 billion fans that watch, follow actively, or play soccer.

Its appeal that is vast makes ideal for rogue criminal syndicates. And while soccer requires a backseat to football that is american the US, it does not keep corruption at bay.

The notorious Paul Phua made lots of headlines in 2014 when he allegedly operated a boiler-style that is illegal community out of their villas at Caesars Palace in Las Vegas. Though he was later on acquitted as tactics utilized by investigators were very questionable, the full case highlighted the enduring potential risks of illegal recreations betting.

The federal government wins over 90 % of the criminal cases it files, but it flopped on Phua.

Ongoing Problem

‘Operation SOGA VI’ was the SOGA that is sixth operation by Interpol since it began concentrating on unlawful gambling in 2007. Up to now, Interpol says $53 million in cash has been sized and over 3,400 gambling that is illegal have been halted.

According to Interpol, those detained were responsible for facilitating $6.4 billion worth of bets.

While Interpol is patting it self in the straight back, not absolutely all professionals believe the agency is going about it the right way.

‘Interpol is coordinating gambling that is anti-sport in Asia for years now, always with big arrest and seizure numbers associated with the easy-to-detect smaller street operators,’ International Centre for Sport protection Integrity Director Chris Eaton said in a statement.

‘The big organized online gambling operators turning over billions . . . escape this attention,’ Eaton declared. ‘Small-scale and police that is token look good, but have a tendency to boost the mega illegal operators by reducing small ones.’

Eaton might have a point that is valid the FBI estimated Phua’s team had taken in $357 million in unlawful bets in 2014.

The American Gaming Association claims People in the us alone will bet nearly $139 billion illegally on sports in 2016. This is exactly why Interpol just intercepting $6.4 billion in bets over nine years might not be one thing to celebrate.


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