Trump Plaza’s shutdown will mean that as four Atlantic City casinos could possibly be closed this year. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is presently facing an unprecedented freefall. After years of declining revenues, at least two casinos have already closed or plan to close this present year, and another is facing a second bankruptcy in couple of years. And now, a fourth has stated that they also expect to shut down in only a months that are few.
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. While the owners reportedly said that the decision isn’t entirely final, employees were to get warnings associated with the anticipated closing on previously this week.
‘Although [the] review hasn’t been completed and no ultimate decision is made, the business expects so 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 expected, the effect could be that as many as 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 happens to be in bankruptcy court for the time that is second and might potentially shut if a buyer for the home can’t be discovered. That could leave the city with just eight remaining casinos, when compared with 12 in the very beginning of the 12 months.
Based on an AP report, no buyer has yet come forward to just take the casino over, and it is maybe not yet known just what the near future could hold for the building after 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 just owns a 10 % stake in Trump Entertainment Resorts and is no longer tangled up in the daily operations associated with company. The venue cost $210 million to create.
Loss of Gambling Enterprises Could Help resorts that are remaining
As the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s reason to trust 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 you will find still many visitors to the populous city, along with eight casinos still active there, most gamblers will do not have trouble locating a resort that appeals to them. That means that there might be nearly as much gamblers as before, but that there will now be only eight casinos to rather split those customers than 12.
Which is cold comfort to those who lose jobs because of the casino closures, however. If both the Revel and Trump Plaza had been to close, that could mean that nearly 8,000 casino workers will have lost jobs in Atlantic City this season alone. That represents in regards to a quarter regarding the city’s gambling workforce.
Trump Plaza has long been on the market, but Trump Entertainment Resorts has had trouble finding an interested buyer. Final year, the venue ended up being nearly sold for $20 million to a company in California, but that deal fell through. If the Plaza close 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 got any links to crime that is organized was bought to post $2 million bail, along with quitting their $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 seemingly have eluded high-stakes poker player Paul Phua, who has been arrested along with a illegal world cup gambling ring operating out of three luxury suites in Caesars Palace on the Las vegas, nevada Strip.
The FBI broke up the operation during the high-roller suites final week, where in actuality the gang of seven men and one 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 linked to others computer systems 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 rated #1 on the Hendon Mob’s Macau All-Time Money List. Three months ago he came sixth within the EPT Grand Final High Roller Event in Monte Carlo as well as in 2012 he played in the Big One for starters Drop tournament. However, in accordance with the FBI, he is Wei Seng Phua, a high-ranking person in the 14K Triad organized group that is criminal.
The ‘Wire Room’
The court heard Phua had been arrested in Macau in mid-June and faced with operating an illegal gambling business there. After being released on bail, this indicates he hot-tailed it over to Las vegas, nevada to carry on running the procedure remotely.
Caesars became suspicious whenever Phua, or one of his associates, insisted that the casino install an unusual amount of technical equipment in the suites, enough to help eight digital subscriber lines on top the normal WiFi access. Employees observed computer monitors that were hooked up to what looked like a sportsbook, and then to the computer stations, there were three large screen televisions, 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 task within the suites through the thirty days. They raided the suites on July 9, seizing gambling documents, computer gear and other evidence.
All eight defendants appeared in court on Monday and were charged with one or more count of the illegal transmission of wagering information and of running an illegal gambling business. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the hyper link to organized crime and said that Phua would fight the charges.
‘ This is a very advanced, 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, together with his $48 million private jet as collateral. Phua’s son Darren Phua, 22, also allegedly member of the gang, was bought to post $500,000 bail. Both defendants had been ordered to be electronically monitored and also to stay on home detention into 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 simply help upload Phua’s bail, with Robl apparently prepared to pay $1.5 million.
Among 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 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 confront five years in prison. And undoubtedly the wrath of the Triad.
Bart Tichelman Daughter Charged in Bing Executive Overdose
Bart Tichelman’s daughter Alix has been faced with voluntary manslaughter in the loss of A bing professional. (Image: Shmuel Thaler/AP)
Medications, prostitution as well as the death of the major executive that is corporate such as the aspects of a made-for-TV film. But in this case, the story is all too real, and also features a connection that is surprising the globe of gambling.
Alix Catherine Tichelman, a model who police say had been also a high-end prostitute, has been charged with manslaughter in connection because of 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 overdose that is resulting. Hayes died on November 23, 2013.
That fee was passed down in Santa Cruz Superior Court week that is last along side charges of possession, administration and transport of drugs, in addition to destroying evidence, doing prostitution, and agreeing to prostitution. Tichelman would not 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,’ allegedly shows Tichelman stepping over Hayes’ body and drinking from a glass of wine without doing anything to aid him after she had presumably injected him utilizing the ultimately deadly heroin overdose. Fingerprints on the glass of wine helped to recognize Tichelman, as did her tattoos that are distinctive which she had shared on social media records.
Tichelman was arrested the other day after police lured her to a Santa Cruz hotel. Reports say that police led her to trust that the rich client was willing to pay her $1,000 for sex.
Even though the present fee regarding Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation turn up 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 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’s also a successful poker player with over $430,000 in job competition 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, also cashing in a World number of Poker event within days gone by few weeks.
Alix Tichelman was previously related to Dean Riopelle, a previous fan whom died just two months before Hayes. Riopelle passed away of a heart attack, but police are now apparently reopening an investigation into their death as 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 was convicted of the voluntary manslaughter of a woman whom died after a life-threatening dosage of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, and when said she enjoyed modeling because it permitted her to relax and play a character. She also saw herself as an author and poet, often posting dark poems to Twitter and other social media sites.