Trump Plaza’s shutdown will imply that as four Atlantic City casinos might be closed this 12 months. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is currently facing an unprecedented freefall. After several years of declining revenues, at least 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 stated that they additionally expect to shut straight down in just a months that are few.
That’s the apparent fate of the 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 decision isn’t entirely final, employees were to get warnings associated with the expected closing on previously this week.
‘Although [the] review has not been completed and no concluding 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 company told the Associated Press.
Trump Plaza Joins Other AC Closures
If the closure goes through as expected, the effect could be that as much 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 is currently in bankruptcy court for the 2nd time, and could potentially shut if a customer for the property can’t be found. That could leave the city with just eight casinos that are remaining compared to 12 in the very beginning 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 run could hold for the building after the resort closes.
The Trump Plaza was exposed in May 1984. At the time, it was a personal project for Donald Trump, though he now only owns a ten percent stake in Trump Entertainment Resorts and is no longer tangled up in the daily operations associated with the company. The venue cost $210 million to build.
Loss in Gambling Enterprises Could Help Remaining Resorts
Even though the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s reason to trust it could actually help in the long run. The oversaturated casino market in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being specially damaging.
But there are still an abundance of visitors to the populous city, and with 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 numerous 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 whom lose jobs because of the casino closures, however. This year alone if both the Revel and Trump Plaza were to close, that could mean that nearly 8,000 casino employees will have lost jobs in Atlantic City. 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 a buyer that is interested. Final 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, who is denied he has any links to prepared crime, was ordered to post $2 million bail, along with 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 is arrested along with a unlawful world cup gambling band running out of three luxury rooms in Caesars Palace on the Las Vegas Strip.
The FBI broke up the procedure during the high-roller suites week that is last where in actuality the gang of seven men plus one woman had been running what the Gambling Control Board described being a kind of high-tech ‘wire room,’ where illegal World Cup bets had been being monitored by computers remotely connected to other people computers offshore.
The poker world understands 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 within the aussie-pokies.club EPT Grand Final High Roller Event in Monte Carlo plus in 2012 he played in the Big One for just one Drop competition. However, according to the FBI, he is 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 up to vegas to continue running the procedure remotely.
Caesars became suspicious when Phua, or one of his associates, insisted that the casino install an unusual level of technical equipment into the suites, enough to support 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 screen that is large, tuned into World Cup soccer games.
(We will pause so you can observe time that is smirk).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored task within the suites throughout 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 unlawful transmission of wagering information and of running 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 is a very sophisticated, intelligent individual who desires 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 jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly a known person in the gang, was ordered to post $500,000 bail. Both defendants were ordered to be electronically monitored also to stay on home detention within 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 upload Phua’s bail, with Robl apparently ready to pay $1.5 million.
Among 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 discovered 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 loss of A google executive. (Image: Shmuel Thaler/AP)
Medications, prostitution and the death of the major corporate professional sound like the elements of a made-for-TV film. However in this case, the story is all too real, and also has 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 using 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 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 side fees of possession, management and transport 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 a relationship that is ongoing Hayes in her role as being a prostitute. Protection 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 help him after she had presumably injected him utilizing the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to recognize Tichelman, as did her distinctive tattoos, which she had shared on social news records.
Tichelman ended up being arrested week that is last authorities lured her to a Santa Cruz resort. Reports say that police led her to think that a rich client was ready to pay her $1,000 for sex.
While the current cost associated with Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation turn up 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 could be the child of Bart Tichelman, the CEO of SynapSense, A folsom-based firm that manages Internet data centers throughout the entire world. He could be also a successful poker player with over $430,000 in profession tournament earnings. Most of that came in one cash that is major a victory in a 2008 World number of Poker Circuit event in Tunica that earned him $425,595 in prize money. Bart Tichelman is still active in poker today, also cashing in a World Series of Poker event within the past weeks that are few.
Alix Tichelman was previously associated with Dean Riopelle, a lover that is former passed away just two months before Hayes. Riopelle died of the heart assault, but police are now reportedly reopening a research into their death due to the fact circumstances were very similar to 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 who ended up being convicted of the voluntary manslaughter of a girl who died after a life-threatening dose of heroin.
Tichelman was understood for modeling under the pseudonym of AK Kennedy, as soon as said she enjoyed modeling her to play a character because it allowed. She also saw by herself as an author and poet, often posting dark poems to Facebook and other media sites that are social.