Atlantic City Trump Plaza Prone to Close in September

Atlantic City Trump Plaza Prone to Close in September

Trump Plaza’s shutdown will signify as four Atlantic City casinos could be closed this year. (Image: Lisa Andres/Flickr)

The casino industry of Atlantic City is presently facing a freefall that is unprecedented. After many years of declining revenues, at minimum two casinos have already closed or plan to shut this present year, and another is facing a bankruptcy that is second two years. And now, a fourth has stated that they additionally expect you’ll shut down in just a month or two.

That’s the fate that is apparent of Trump Plaza casino, as Trump Entertainment Resorts has said that they expect the venue to close on September 16. Even though the owners reportedly said that the decision isn’t entirely final, employees were to receive warnings of this expected closing on previously this week.

‘Although [the] review have not been completed and no ultimate decision was made, the company expects that it will terminate 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 expected, the effect could be that as much 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 planning to close in August. Meanwhile, the Revel is currently in bankruptcy court for the time that is second and could potentially shut if a buyer for the home cannot be found. That could leave the city with just eight casinos that are remaining in comparison to 12 in the very beginning of the 12 months.

According to an AP report, no buyer has yet come forward to take the casino over, and it is perhaps not yet known exactly 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 only owns a 10 percent stake in Trump Entertainment Resorts and is no longer tangled up in the day-to-day operations associated with the company. The venue cost $210 million to build.

Lack of Casinos Could Help Remaining Resorts

While the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s explanation to believe it could actually help 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 specially damaging.

But there are still lots of visitors to the city, along with eight casinos still active there, most gamblers will don’t have any trouble getting a resort that appeals to them. That means that there might be nearly as numerous gamblers as before, but that there will now be only eight casinos to split those customers rather than 12.

That will be cold convenience to those who lose jobs because of the casino closures, however. If both the Revel and Trump Plaza were to close, that could mean that nearly 8,000 casino employees may have lost jobs in Atlantic City in 2010 alone. That represents about a quarter for the city’s gambling workforce.

Trump Plaza has long been available on the market, but Trump Entertainment Resorts has had trouble finding an interested buyer. Final 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 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 got 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 seemingly have eluded high-stakes poker player Paul Phua, who was arrested along side A world that is illegal cup ring operating out of three luxury suites in Caesars Palace on the vegas Strip.

The FBI broke up the procedure during the high-roller suites week that is last where the gang of seven men and another woman had been running what the Gambling Control Board described as a kind of high-tech ‘wire space,’ where illegal World Cup bets were being monitored by computers remotely connected 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 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 is Wei Seng Phua, a high-ranking person in 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, this indicates he hot-tailed it up to Las Vegas to continue running the operation remotely.

Caesars became suspicious when Phua, or one of his associates, insisted that the casino install an unusual number of technical equipment within 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 to be a sportsbook, and next to the computer stations, there were three large screen televisions, tuned into World Cup soccer games.

(we’ll pause so that you can observe smirk time now).

Acting on a tip-off from Caesars, undercover law enforcement agents monitored task in the rooms throughout the month. They raided the suites on July 9, seizing gambling records, computer gear and other evidence.

All eight defendants appeared 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 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 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 a known person in the gang, was ordered to publish $500,000 bail. Both defendants had been ordered to be electronically monitored also to stay on home detention within 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 help post Phua’s bail, with Robl evidently ready 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 per 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 https://aussie-pokies.club/lightning-link-pokies-review/. If found guilty, the defendants could confront five years in prison. Not to mention 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 loss of A bing professional. (Image: Shmuel Thaler/AP)

Drugs, prostitution and the death of a major corporate professional sound like the aspects of a made-for-TV movie. However in this case, the story is all too real, and also features a surprising connection to 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 aided by the loss 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 23, 2013 november.

That charge was passed in Santa Cruz Superior Court last week, along with costs of control, administration and transportation of drugs, also destroying evidence, engaging in prostitution, and agreeing to prostitution. Tichelman failed to 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. Security footage from Hayes’ yacht, the ‘Escape,’ presumably shows Tichelman stepping over Hayes’ human anatomy and ingesting from a glass of wine without doing any such 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 news accounts.

Tichelman had been arrested week that is last police lured her to a Santa Cruz hotel. Reports state that police led her to think that a client that is rich prepared to pay her $1,000 for sex.

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 daughter of Bart Tichelman, the CEO of SynapSense, A folsom-based company that manages Internet data centers throughout the world. He is also a poker that is successful with over $430,000 in career tournament earnings. Most of that came in one major money: a victory in a 2008 World variety 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 variety of Poker occasion within yesteryear weeks that are few.

Alix Tichelman was once related to Dean Riopelle, a lover that is former passed away just two months before Hayes. Riopelle passed away of the heart attack, but police are now apparently reopening a research into his death once 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 who had been convicted of the voluntary manslaughter of a woman whom died after a deadly dose of heroin.

Tichelman was known for modeling under the pseudonym of AK Kennedy, and once said she enjoyed modeling because it permitted her to try out a character. She also saw by herself as a journalist and poet, often posting dark poems to Twitter and other media sites that are social.

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