Trump Plaza’s shutdown will mean that as four Atlantic City casinos could be closed this year. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is currently facing an unprecedented freefall. After many years of declining revenues, at least two casinos have already closed or plan to shut this present year, and another is facing a bankruptcy that is second couple of years. And now, a fourth has said that they also expect you’ll shut straight down in just a months that are few.
This is the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. Whilst the owners reportedly said that the decision isn’t entirely last, employees were to receive warnings associated with the expected closing on early in the day this week.
‘Although [the] review have not been completed and no final decision was made, the company expects that 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 result 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 about to close in August. Meanwhile, the Revel happens to be in bankruptcy court for the 2nd time, and may potentially shut if a buyer for the property can not be discovered. That could leave the city with simply eight casinos that are remaining compared to 12 in the beginning of the year.
According to an AP report, no buyer has yet come forward to just take the casino over, and it’s also perhaps not yet known exactly 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 ended up being 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 in the day-to-day operations for the company. The venue cost $210 million to construct.
Lack of Casinos Could Help Remaining Resorts
Whilst the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s reason to believe it could actually help in the run that is long. The oversaturated casino market in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being specially damaging.
But you can find still many visitors to the populous city, sufficient reason for eight casinos still active there, most gamblers will haven’t any trouble finding 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.
Which will be comfort that is cold those whom lose jobs as a consequence of the casino closures, however. If both the Revel and Trump Plaza were to shut, that could suggest that nearly 8,000 casino employees will have lost jobs in Atlantic City this year alone. That represents in regards to a quarter associated with the city’s gambling workforce.
Trump Plaza is definitely in the marketplace, but Trump Entertainment Resorts has had trouble finding an interested buyer. Last year, the venue ended up being almost sold for $20 million to a firm 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, that is denied he’s any links to arranged crime, was purchased to post $2 million bail, along with giving up 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 happens to be arrested along with A world that is illegal cup ring operating out of three luxury rooms in Caesars Palace on the nevada Strip.
The FBI broke up the operation during the high-roller suites last week, where in fact 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 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 ranked #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 into the Big One for starters Drop competition. However, based on the FBI, he’s Wei Seng Phua, a high-ranking member of 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 up to Las Vegas to carry on running the procedure remotely.
Caesars became suspicious whenever Phua, or one of his associates, insisted that the casino install an unusual number of technical equipment in the suites, enough to support eight subscriber that is digital on top the normal WiFi access. Employees observed computer monitors which 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 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 in the rooms through the entire month. They raided the suites on July 9, seizing gambling records, computer gear and other evidence.
All eight defendants showed up in court on Monday and were charged with one or more count of the unlawful transmission of wagering information and of running an illegal gambling business. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the web link to crime that is organized 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, along with his $48 million private jet as collateral. Phua’s son Darren Phua, 22, also allegedly a known member of the gang, was ordered to post $500,000 bail. Both defendants had been ordered to be electronically monitored also to stay on home detention in the custody of a regional medical practitioner whom had befriended Phua senior through the poker community. According to Chesnoff, several poker players, including Andrew Robl, were rallying around to help publish Phua’s bail, with Robl evidently prepared to pay $1.5 million.
One of the 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 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 discovered guilty, the defendants could address 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 was faced with voluntary manslaughter in the loss of A bing executive. (Image: Shmuel Thaler/AP)
Medications, prostitution while the death of a major executive that is corporate just like the elements of a made-for-TV film. However in this case, the story is all too real, and also possesses astonishing connection to the globe 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 with the death 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 resulting overdose. Hayes died on November 23, 2013.
That charge was passed in Santa Cruz Superior Court last week, along side costs of control, administration and transportation of drugs, along with destroying evidence, participating in prostitution, and agreeing to prostitution. Tichelman would not enter a plea.
Security Footage Shows Tichelman on Yacht
Police allege that Tichelman had a relationship that is ongoing Hayes in her role as 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 assist him after she had presumably injected him because of the ultimately deadly heroin overdose. Fingerprints on the glass of wine helped to determine Tichelman, as did her tattoos that are distinctive which she had shared on social media reports.
Tichelman ended up being arrested last week after authorities lured her to a Santa Cruz hotel. Reports say that police led her to believe that the rich client was prepared to pay her $1,000 for intercourse.
Whilst the present fee linked to 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 may be the child of Bart Tichelman, the CEO of SynapSense, a firm that is folsom-based manages Internet data centers throughout the planet. He’s 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 occasion in Tunica that earned him $425,595 in prize cash. Bart Tichelman is still active in poker today, even cashing in a World variety of Poker occasion within the past weeks that are few.
Alix Tichelman was previously associated with Dean Riopelle, a lover that is former died just two months before Hayes. Riopelle passed away of the heart assault, but police are now apparently reopening an investigation into their death as the circumstances were much like 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 was convicted of the manslaughter that is voluntary of woman who died after a deadly dosage of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, as soon as said she enjoyed modeling because it permitted her to relax and play a character. She also saw by herself as a journalist and poet, sometimes posting dark poems to Facebook and other social news sites.