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 dealing with a freefall that is unprecedented. After many years of declining revenues, at least two casinos have already closed or plan to close in 2010, and another is facing a second bankruptcy in 2 yrs. And now, a fourth has said that they additionally be prepared to shut down in just a few months.
This is the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they expect the venue to close on September 16. Whilst the owners reportedly said that the decision isn’t entirely last, employees had been to receive warnings for the anticipated closing on earlier this week.
‘Although [the] review have not been completed and no ultimate decision happens to be made, the company expects 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 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 2nd time, and may potentially close if a customer for the property can not be discovered. That could keep the town with simply eight remaining casinos, compared to 12 in the very beginning of the year.
According to an AP report, no buyer has yet come forward to take the casino over, which is 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. During the time, it was a personal project for Donald Trump, though he now only owns a 10 % stake in Trump Entertainment Resorts and is no longer involved with the daily operations regarding the company. The venue cost $210 million to construct.
Lack of Gambling Enterprises Could Help Remaining Resorts
Even though the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s explanation to believe it could actually aid in the run that is long. The oversaturated casino market in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being particularly damaging.
But you will find still many visitors to the populous city, sufficient reason for eight casinos nevertheless active there, most gamblers will do not have 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 rather split those customers than 12.
That will be comfort that is cold those who lose jobs as a result of the casino closures, however. If both the Revel and Trump Plaza had been to shut, that could suggest that nearly 8,000 casino employees will have lost jobs in Atlantic City this present year alone. That represents about a quarter of 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 was almost sold for $20 million to a company in California, but that deal fell through. Should 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, who is denied he’s any links to crime that is organized was purchased to post $2 million bail, along with stopping their $48 million private jet as collateral. (Image: bankrollmob.com)
Probably if you plan to set up an illegal activities betting ring, doing it on the property of an important Las Vegas casino with their particular activities book is not your most useful idea ever. But that reality seemingly have eluded high-stakes poker player Paul Phua, who has been arrested along with a illegal world cup gambling ring running out of three luxury suites in Caesars Palace on the vegas Strip.
The FBI broke up the operation at the high-roller suites week that is last where the gang 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 figure that is prominent the fabled Macau big game; he is ranked #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 starters Drop tournament. However, according to the FBI, he’s Wei Seng Phua, a high-ranking member of the 14K Triad organized unlawful group.
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, it seems he hot-tailed it over to Las Vegas to carry on running the operation remotely.
Caesars became suspicious whenever Phua, or certainly one of his associates, insisted that the casino install an unusual amount of technical equipment within the suites, enough to help eight subscriber that is digital on top the normal WiFi access. Employees observed computer monitors which were hooked up to what appeared as if a sportsbook, and then to the computer stations, there have been three large display televisions, tuned into World Cup soccer games.
(We are going to pause so you can observe smirk time now).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored task within the rooms 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 illegal transmission of wagering information and of operating an illegal gambling business. Paul Phua’s Las Vegas attorney, David Chesnoff, denied the web link to crime that is organized said that Phua would fight the charges.
‘ This will be a very advanced, intelligent individual who really 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 member of the gang, was ordered to post $500,000 bail. Both defendants had been aussie-pokies.club ordered to be electronically monitored also to stay on home detention into the custody of a regional doctor who 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 evidently prepared 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 4th in the Asian Poker Tour Manila for $ 439,379, coincidently a year before Phua also placed fourth in the same tournament. 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 address five years in prison. Not forgetting 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 loss of A google professional. (Image: Shmuel Thaler/AP)
Medications, prostitution and also the death of a 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 has 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 loss 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 ensuing overdose. Hayes died on November 23, 2013.
That charge was passed down in Santa Cruz Superior Court last week, along with costs of possession, management and transportation of drugs, also destroying evidence, doing 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 inside her role as a prostitute. Safety footage from Hayes’ yacht, the ‘Escape,’ presumably shows Tichelman stepping over Hayes’ human anatomy and drinking from a glass of wine without doing any such thing to assist him after she had allegedly injected him utilizing the ultimately fatal 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 news records.
Tichelman was arrested the other day after authorities lured her to a Santa Cruz resort. Reports state that police led her to believe that the rich client was ready to pay her $1,000 for sex.
While the current charge related to Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation turn up more evidence.
‘In the event that evidence shows that murder is proven beyond a reasonable doubt, then we are going to certainly evaluate that when that’s presented,’ said prosecutor Rafael Vazquez. ‘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 is the child of Bart Tichelman, the CEO of SynapSense, A folsom-based firm that manages Internet data centers throughout the entire world. He is also a successful poker player with more than $430,000 in profession tournament earnings. Most of this came in one major money: a triumph 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, also cashing in a World Series of Poker event within the past couple of weeks.
Alix Tichelman was previously linked with Dean Riopelle, a lover that is former passed away just two months before Hayes. Riopelle passed away of a heart attack, 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 similar death in Tichelman’s past. She once dated Warren Ullom, an Atlanta singer who was convicted of the manslaughter that is voluntary of girl who died after a lethal dose of heroin.
Tichelman was understood 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 by herself as a writer and poet, sometimes posting dark poems to Facebook and other media sites that are social.