Atlantic City Trump Plaza Likely to Close in September

Atlantic City Trump Plaza Likely  to Close in September

Atlantic City Trump Plaza Likely to Close in September

Atlantic City Trump Plaza Likely to Close in September

Trump Plaza’s shutdown will mean 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 years of declining revenues, at minimum two casinos have already closed or plan to shut this year, and another is facing a bankruptcy that is second two years. And now, a fourth has said that they also expect to shut straight down in only a couple of months.

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. Even though the owners reportedly said that the choice isn’t entirely final, employees had been to receive warnings for the expected closing on previously this week.

‘Although [the] review has not been completed and no concluding decision was 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 end result 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 planning to close in August. Meanwhile, the Revel happens to be in bankruptcy court for the second time, and could potentially close if a customer for the home can’t be discovered. That could leave the city with just eight remaining gambling enterprises, in comparison to 12 at the start of the 12 months.

Based on an AP report, no buyer has yet come forward to just take the casino over, which is maybe not yet known just what the near future could hold for the building following 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 with the day-to-day operations for the company. The venue cost $210 million to construct.

Loss of Casinos Could Help Remaining Resorts

As the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s reason to trust it may 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 can find still many visitors to the city, along with eight casinos nevertheless active there, many gamblers will do not have trouble getting 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 split those customers rather than 12.

Which will be cold convenience to those whom lose jobs as a consequence of the casino closures, however. If both the Revel and Trump Plaza had been to shut, that could suggest that nearly 8,000 casino workers may have lost jobs in Atlantic City this season alone. That represents in regards to a quarter of 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. 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, who is denied he has any links to orderly crime, was ordered to post $2 million bail, along side giving up his $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 appears to have eluded high-stakes poker player Paul Phua, who has been arrested along side a unlawful world cup gambling ring running out of three luxury rooms in Caesars Palace on the nevada Strip.

The FBI broke up the procedure during the high-roller suites week that is last where in fact the gang lightning link slot of seven men and one woman had been running what the Gambling Control Board described as being a kind of high-tech ‘wire room,’ where illegal World Cup bets had been being monitored by computers remotely linked to other people 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 rated #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 One Drop competition. However, according to the FBI, he could be 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 charged with running a gambling that is illegal there. After being released on bail, this indicates he hot-tailed it over to vegas to continue running the procedure remotely.

Caesars became suspicious when Phua, or certainly one of his associates, insisted that the casino install an unusual quantity of technical equipment in the suites, enough to support eight digital subscriber lines on top the normal WiFi access. Employees observed computer monitors which were hooked up to what looked like a sportsbook, and then to the computer stations, there have been three screen that is large, tuned into World Cup soccer games.

(we’ll pause so you can observe time that is smirk).

Acting on a tip-off from Caesars, undercover law enforcement agents monitored task into the rooms through the month. 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 a minumum of one count of the illegal transmission of wagering information and of running a gambling business that is illegal. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the hyper link to planned crime and said that Phua would fight the charges.

‘ This will be 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, together with his $48 million private jet as collateral. Phua’s son Darren Phua, 22, also allegedly person in the gang, was purchased to publish $500,000 bail. Both defendants had been ordered to be electronically monitored also to stay on home detention within the custody of a neighborhood doctor whom had befriended Phua senior through the poker community. According to Chesnoff, several poker players, including Andrew Robl, were rallying around to 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 per year before Phua also placed fourth in the tournament that is same. 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 found guilty, the defendants could confront 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 has been charged with voluntary manslaughter in the loss of A google executive. (Image: Shmuel Thaler/AP)

Drugs, prostitution therefore the death of the major executive that is corporate like the components of a made-for-TV movie. However in this case, the story is all too real, and also includes a connection that is surprising the world of gambling.

Alix Catherine Tichelman, a model who police say had been also a high-end prostitute, has been charged with manslaughter in connection with all the death of Forrest Tim Hayes, a Google professional. Tichelman is accused of injecting Hayes with heroin on his yacht, then leaving him to die for the ensuing overdose. Hayes died on November 23, 2013.

That cost was handed down in Santa Cruz Superior Court week that is last along side fees of control, management and transportation of drugs, also destroying evidence, participating 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 being a prostitute. Protection footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ human body and consuming from a glass of wine without doing anything to aid him after she had allegedly inserted him using the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to spot Tichelman, as did her tattoos that are distinctive which she had shared on social news reports.

Tichelman was arrested week that is last police lured her to a Santa Cruz resort. Reports state that police led her to trust that the rich client was willing 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.

‘In the event that evidence shows that murder are proven beyond a reasonable doubt, then we will certainly evaluate that when that is presented,’ said prosecutor Rafael Vazquez. ‘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 could be the daughter of Bart Tichelman, the CEO of SynapSense, a firm that is folsom-based manages Internet data centers throughout the world. He is also a successful poker player with more than $430,000 in career competition earnings. Most of that came in one major cash: a victory in a 2008 World group 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 the last couple of weeks.

Alix Tichelman was once related to Dean Riopelle, a previous enthusiast whom passed away just two months before Hayes. Riopelle died of a heart attack, but police are now apparently reopening an investigation into their death once 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 was convicted of the manslaughter that is voluntary of woman whom died after a lethal dosage of heroin.

Tichelman was known for modeling under the pseudonym of AK Kennedy, and once said she enjoyed modeling because it allowed her to try out a character. She also saw by herself as a journalist and poet, often posting dark poems to Twitter and other social news sites.

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