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 several 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 additionally expect you’ll shut straight down in only a few months.
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 last, employees were to get warnings of this anticipated closing on early in the day this week.
‘Although [the] review has not been completed and no concluding 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 business told the Associated Press.
Trump Plaza Joins Other AC Closures
If the closure goes through as anticipated, 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 likely to close in August. Meanwhile, the Revel is in bankruptcy court for the 2nd time, and may potentially close if a customer for the property cannot be discovered. That could leave the town with just eight remaining gambling enterprises, when compared with 12 at the start of the 12 months.
According to an AP report, no buyer has yet come forward to take the casino over, which is maybe 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 project that is personal 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 create.
Lack of Casinos Could Help Remaining Resorts
Even though the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s reason to think it may actually aid in the long run. The oversaturated casino market in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being specially harmful.
But you will find still plenty of visitors to the city, and with eight casinos nevertheless 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 rather split those customers than 12.
That will be cold convenience to those who lose jobs due to 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 of this city’s gambling workforce.
Trump Plaza is definitely on the market, but Trump Entertainment Resorts has had trouble finding a buyer that is interested. Last year, the venue had been nearly sold for $20 million to a company in California, but that deal fell through. If the Plaza close 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, that is denied he’s any links to planned crime, was bought to post $2 million bail, along side 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 appears to have eluded high-stakes poker player Paul Phua, who is arrested along side A world that is illegal cup band operating out of three luxury suites in Caesars Palace on the Las vegas, nevada Strip.
The FBI broke up the operation during the high-roller suites final week, where in actuality the gang of seven men and one woman had been running what the Gambling Control Board described being a kind of high-tech ‘wire space,’ where illegal World Cup bets had been being monitored by computers remotely associated with other people 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 ranked #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, in accordance with the FBI, he could be 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 a gambling that is illegal there. After being released on bail, it seems he hot-tailed it up to Las vegas, nevada to carry on running the operation remotely.
Caesars became suspicious when Phua, or one of his associates, insisted that the casino install an unusual amount of technical equipment into the suites, enough to help 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 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 within the suites throughout the month. They raided the suites on July 9, seizing gambling documents, computer gear and other evidence.
All eight defendants appeared in court on Monday and were charged with at least one count of the illegal transmission of wagering information and of running an illegal gambling business. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the link to arranged crime and said that Phua would fight the charges.
‘ This is a very advanced, 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 jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly person in the gang, was bought to upload $500,000 bail. Both defendants had been ordered to be electronically monitored and 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 simply help post Phua’s bail, with Robl apparently 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 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 ongoing investigation is 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 Google Executive Overdose
Bart Tichelman’s daughter Alix is faced with voluntary manslaughter in the death of A bing executive. (Image: Shmuel lightning link slot machine strategy Thaler/AP)
Drugs, prostitution plus the death of a major executive that is corporate just like the aspects 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 had been also a high-end prostitute, has been charged with manslaughter in connection with all 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 of the overdose that is resulting. Hayes died on 23, 2013 november.
That charge was handed down in Santa Cruz Superior Court week that is last along with charges of control, management and transport of drugs, also destroying evidence, engaging in prostitution, and agreeing to prostitution. Tichelman did not enter a plea.
Security Footage Shows Tichelman on Yacht
Police allege that Tichelman had an ongoing relationship with Hayes in her role as being a prostitute. Protection footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ body and consuming from a glass of wine without doing such a thing to assist him after she had presumably inserted him utilizing 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 media accounts.
Tichelman ended up being arrested last week after authorities lured her to a Santa Cruz resort. Reports state that police led her to believe that a rich client was willing to pay her $1,000 for sex.
As the current charge pertaining 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 could be the daughter of Bart Tichelman, the CEO of SynapSense, A folsom-based company that manages Internet data centers throughout the world. He’s also a poker that is successful with over $430,000 in profession tournament earnings. Most of that came in one cash that is major a triumph in a 2008 World variety 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 number of Poker event within the last few weeks.
Alix Tichelman was once associated with Dean Riopelle, a previous lover whom died just two months before Hayes. Riopelle passed away of the heart attack, but police are now apparently reopening a research into his death as the 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 whom had been convicted of the manslaughter that is voluntary of girl who died after a life-threatening 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 herself as a journalist and poet, sometimes posting dark poems to Twitter and other social media sites.