Trump Plaza’s shutdown will signify as four Atlantic City casinos could 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 minimum two casinos have already closed or plan to close this season, and another is facing a second bankruptcy in 2 yrs. And now, a fourth has stated that they additionally expect to shut straight down in only a months that are few.
That’s the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they expect the venue to close on September 16. Although the owners reportedly said that the choice isn’t entirely last, employees had been to receive warnings regarding the expected closing on previously this week.
‘Although [the] review has not been completed and no ultimate decision has been made, the company expects that it will terminate 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 anticipated, the result could be aussie-pokies.club that up to a third of Atlantic City’s casinos could close this year down. In January, the Atlantic Club shuttered its doors, while the Showboat is about to close in August. Meanwhile, the Revel is currently in bankruptcy court for the time that is second and could potentially close if a customer for the property can not be found. That could keep the town with simply eight casinos that are remaining in comparison to 12 in the beginning 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. During the time, it ended up being a personal task for Donald Trump, though he now only owns a 10 % stake in Trump Entertainment Resorts and is no longer involved with the daily operations associated with company. The venue cost $210 million to construct.
Loss in Casinos Could Help Remaining Resorts
As the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s reason to believe it might 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 especially harmful.
But you will find still an abundance of visitors to the city, and with eight casinos still active there, most gamblers will have no trouble getting 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 will be cool comfort to those whom lose jobs as a result 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 about a quarter associated with the city’s gambling workforce.
Trump Plaza is certainly in the marketplace, 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’s denied he’s got any links to crime that is organized was ordered to post $2 million bail, along side stopping their $48 million private jet as collateral. (Image: bankrollmob.com)
Probably if you prepare to set up an illegal recreations betting ring, doing it regarding the property of a major Las Vegas casino with their own activities book is not your most readily useful idea ever. But that reality seems to have eluded high-stakes poker player Paul Phua, who has been arrested along side A world that is illegal cup ring running out of three luxury suites in Caesars Palace on the vegas Strip.
The FBI broke up the procedure at the high-roller suites week that is last where in actuality the gang of seven men and something woman had been running what the Gambling Control Board described as being a kind of high-tech ‘wire room,’ where illegal World Cup bets were being monitored by computers remotely linked to others computer systems overseas.
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 rated #1 on the Hendon Mob’s Macau All-Time Money List. Three months he played in the Big One for One Drop tournament ago he came sixth in the EPT Grand Final High Roller Event in Monte Carlo and in 2012. However, based on the FBI, he’s 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, it seems he hot-tailed it over to Las Vegas to carry on running the procedure remotely.
Caesars became suspicious when Phua, or certainly one of his associates, insisted that the casino install an unusual level of technical equipment in the suites, enough to support 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 have been three screen that is large, tuned into World Cup soccer games.
(We are going to pause which means you can observe smirk time now).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored activity 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 operating an illegal gambling company. Paul Phua’s Las Vegas attorney, David Chesnoff, denied the link to crime that is organized said that Phua would fight the charges.
‘ This will be 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, along with his $48 million jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly a known member of the gang, was ordered to publish $500,000 bail. Both defendants were ordered to be electronically monitored also to stay on home detention in 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 greatly help post Phua’s bail, with Robl apparently willing to pay $1.5 million.
Among the list of group was another poker player, Malaysian Seng that is national Chen, 56. In April 2012, Yong placed fourth 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 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 address five years in prison. And undoubtedly the wrath of the Triad.
Bart Tichelman Daughter Charged in Google Executive Overdose
Bart Tichelman’s daughter Alix was faced with voluntary manslaughter in the loss of A google professional. (Image: Shmuel Thaler/AP)
Medications, prostitution and the death of the major corporate executive sound like the components of a made-for-TV movie. However in this case, the story is all too real, and also features a connection that is surprising the world of gambling.
Alix Catherine Tichelman, a model who police say was also a prostitute that is high-end has been charged with manslaughter in connection because of 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 regarding the overdose that is resulting. Hayes died on November 23, 2013.
That fee was passed in Santa Cruz Superior Court last week, along side costs of possession, administration and transportation of drugs, along with destroying evidence, engaging in prostitution, and agreeing to prostitution. Tichelman didn’t enter a plea.
Security Footage Shows Tichelman on Yacht
Police allege that Tichelman had a relationship that is ongoing Hayes inside her role being a prostitute. Safety footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ human body and ingesting from a glass of wine without doing any such thing to assist him after she had allegedly inserted him because of the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to identify Tichelman, as did her tattoos that are distinctive which she had shared on social media accounts.
Tichelman ended up being arrested last week after police lured her to a Santa Cruz resort. Reports state that police led her to trust that a rich client was ready to pay her $1,000 for sex.
Whilst the current charge linked to Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation turn up more proof.
‘If the evidence shows that murder may be proven beyond a reasonable doubt, then we’ll certainly evaluate that when that is 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 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 could be also a poker that is successful with more than $430,000 in job tournament earnings. Most of this came in one cash that is major a victory in a 2008 World Series of Poker Circuit event in Tunica that earned him $425,595 in prize cash. Bart Tichelman is still active in poker today, even cashing in a World Series of Poker event within the last couple weeks.
Alix Tichelman once was linked 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 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 similar death in Tichelman’s past. She once dated Warren Ullom, an Atlanta singer whom had been convicted of the manslaughter that is voluntary of woman whom died after a deadly dose of heroin.
Tichelman was understood for modeling under the pseudonym of AK Kennedy, and once said she enjoyed modeling her to play a character because it allowed. She also saw by herself as a writer and poet, often posting dark poems to Twitter and other media sites that are social.