Trump Plaza’s shutdown will imply that as four Atlantic City casinos could possibly be closed this year. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is presently dealing with a freefall that is unprecedented. 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 couple of years. And now, a fourth has stated that they also expect you’ll 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 anticipate the venue to close on September 16. Even though the owners reportedly said that the choice isn’t entirely last, employees were to receive warnings of this anticipated closing on early in the day this week.
‘Although [the] review has not been completed and no ultimate 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 many as a third of Atlantic City’s casinos could close down this 12 months. 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 time that is second and may potentially shut if a customer for the home can not be found. That could keep the town with just eight remaining casinos, compared 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 not yet known what the near future could hold for the building after the resort closes.
The Trump Plaza was opened in May 1984. At the time, it ended up being a project that is personal Donald Trump, though he now just owns a ten percent stake in Trump Entertainment Resorts and is no longer involved in the daily operations of the company. The venue cost $210 million to construct.
Loss of Gambling Enterprises Could Help resorts that are remaining
As the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s reason to trust it could actually aid in the run that is long. The casino that is oversaturated in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being especially damaging.
But you can find still lots of visitors to the populous city, along with eight casinos nevertheless active there, many gamblers will do not have trouble locating a resort that appeals to them. That means that there may be nearly as much gamblers as before, but that there will now be only eight casinos to rather split those customers than 12.
That’ll 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 close, that could suggest that nearly 8,000 casino employees need lost jobs in Atlantic City in 2010 alone. That represents about a quarter for 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 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 any links to crime that is organized 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 happens to be arrested along with A world that is illegal cup ring running out of three luxury rooms in Caesars Palace on the Las Vegas Strip.
The FBI broke up the operation at the high-roller suites last week, where the gang of seven men plus one woman had been running what the Gambling Control Board described being a kind of high-tech ‘wire space,’ where illegal World Cup bets were being monitored by computers remotely associated with others computers offshore.
The poker world knows 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 into the EPT Grand Final High Roller Event in Monte Carlo and in 2012 he played in the Big One for One Drop tournament. However, based on the FBI, he could be 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 a gambling that is illegal there. After being released on bail, it appears he hot-tailed it up to nevada to continue running the operation remotely.
Caesars became suspicious when Phua, or certainly one of his associates, insisted that the casino install an unusual amount of technical equipment in lightning-link-slot 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 as if 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 that you can observe time that is smirk).
Acting on a tip-off from Caesars, undercover law enforcement agents monitored activity in the rooms through the entire month. They raided the suites on July 9, seizing gambling documents, computer equipment and other evidence.
All eight defendants appeared in court on Monday and were charged with at least one count of the unlawful transmission of wagering information and of running an illegal gambling business. 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 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 purchased to post $500,000 bail. Both defendants were ordered to be electronically monitored and also to stay on home detention into the custody of a neighborhood physician who 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 ready to pay $1.5 million.
One of the 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 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 ongoing investigation is 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 Bing Executive Overdose
Bart Tichelman’s daughter Alix is charged with voluntary manslaughter in the death of A google executive. (Image: Shmuel Thaler/AP)
Drugs, prostitution and 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 includes a astonishing connection to the world of gambling.
Alix Catherine Tichelman, a model who police say was also a high-end prostitute, has been charged with manslaughter in connection aided by 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 of the overdose that is resulting. Hayes died on November 23, 2013.
That cost was handed down in Santa Cruz Superior Court week that is last along with charges of possession, administration and transportation of drugs, along with destroying evidence, engaging 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 inside her role as a prostitute. Safety footage from Hayes’ yacht, the ‘Escape,’ allegedly shows Tichelman stepping over Hayes’ human body and drinking from a glass of wine without doing such a thing to help him after she had allegedly inserted him using the ultimately deadly 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 reports.
Tichelman ended up being arrested last week after authorities lured her to a Santa Cruz resort. Reports state that police led her to think that the rich client was prepared to pay her $1,000 for intercourse.
The situation could get even worse for Tichelman should the investigation turn up more evidence while the current charge related to Hayes’ death is manslaughter.
‘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 human life and 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 folsom-based company that manages Internet data centers throughout the world. He’s also a poker that is successful with over $430,000 in job tournament earnings. Most of this came in one major cash: a triumph in a 2008 World group of Poker Circuit occasion in Tunica that earned him $425,595 in prize cash. Bart Tichelman is still active in poker today, also cashing in a World variety of Poker event within the past few weeks.
Alix Tichelman was previously linked with Dean Riopelle, a lover that is former died just two months before Hayes. Riopelle passed away of the heart attack, but police are now apparently reopening an investigation into his 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 whom ended up being convicted of the voluntary manslaughter of a woman who died after a lethal dosage of heroin.
Tichelman was known for modeling under the pseudonym of AK Kennedy, as soon as said she enjoyed modeling because it allowed her to try out a character. She also saw herself as a writer and poet, often posting dark poems to Facebook and other media sites that are social.