Atlantic City Trump Plaza More Likely to Close in September

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March 3, 2020
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March 3, 2020

Atlantic City Trump Plaza More Likely to Close in September

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

The casino industry of Atlantic City is presently dealing with an unprecedented freefall. After years of declining revenues, at least two casinos have already closed or plan to close this year, and another is facing a bankruptcy that is second two years. And now, a fourth has said that they also be prepared to shut straight down in only a months that are few.

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

‘Although [the] review hasn’t been completed and no final 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 business told the Associated Press.

Trump Plaza Joins Other AC Closures

If the closure goes through as expected, the result could be that up to 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 planning to close in August. Meanwhile, the Revel is currently in bankruptcy court for the time that is second and could potentially close if a buyer for the property cannot be discovered. That could keep the city with simply eight remaining gambling enterprises, when compared with 12 at the start of the year.

In accordance with an AP report, no buyer has yet come forward to just take over the casino, which is maybe not yet known just what the long term could hold for the building after the resort closes.

The Trump Plaza was opened in May 1984. At the time, it had been a personal task for Donald Trump, though he now just owns a 10 % stake in Trump Entertainment Resorts and is no longer involved in the day-to-day operations associated with the company. The venue cost $210 million to create.

Loss in Gambling Enterprises Could Help Remaining Resorts

As the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s explanation to think it might actually aid in the long run. The casino that is oversaturated in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being particularly harmful.

But there are still many visitors to the city, and with eight casinos nevertheless active there, many gamblers will do not have trouble getting a resort that appeals to them. That means that there could be nearly as many gamblers as before, but that there will now be only eight casinos to split those customers rather than 12.

That’ll be comfort that is cold those who lose jobs due to the casino closures, however. If both the Revel and Trump Plaza had been to shut, that could suggest that nearly 8,000 casino employees may have lost jobs in Atlantic City in 2010 alone. That represents in regards to a quarter associated with the city’s gambling workforce.

Trump Plaza is definitely available on the market, but Trump Entertainment Resorts has had trouble finding an interested buyer. Final year, the venue had been nearly offered for $20 million to a firm in California, but that deal fell through. Should 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 is denied he’s got any links to organized crime aussie-pokies.club, was ordered to post $2 million bail, along side stopping 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 is arrested along side a illegal world cup gambling band running out of three luxury rooms in Caesars Palace on the vegas Strip.

The FBI broke up the operation at the high-roller suites week that is last where in actuality the gang of seven men plus one 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 associated with other people computers overseas.

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 into the EPT Grand Final High Roller Event in Monte Carlo and in 2012 he played in the Big One for starters Drop competition. However, based on the FBI, he could be Wei Seng Phua, a high-ranking person in the 14K Triad organized criminal 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, it appears he hot-tailed it over to nevada to carry on running the operation remotely.

Caesars became suspicious whenever Phua, or certainly one of his associates, insisted that the casino install an unusual quantity of technical equipment in 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 were three screen that is large, tuned into World Cup soccer games.

(we’ll pause and that means you can observe time that is smirk).

Acting on a tip-off from Caesars, undercover law enforcement agents monitored task into the rooms 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 unlawful transmission of wagering information and of operating a gambling business that is illegal. Paul Phua’s Las Vegas lawyer, David Chesnoff, denied the link to crime that is organized said that Phua would fight the charges.

‘ This is a very sophisticated, 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 member of the gang, was ordered to publish $500,000 bail. Both defendants had been ordered to be electronically monitored and to stay on home detention in the custody of a local medical practitioner who had befriended Phua senior through the poker community. According to Chesnoff, several poker players, including Andrew Robl, were rallying around to greatly help publish Phua’s bail, with Robl apparently willing to pay $1.5 million.

Among the 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. Not forgetting the wrath of the Triad.

Bart Tichelman Daughter Charged in Bing Executive Overdose

Bart Tichelman’s daughter Alix is faced with voluntary manslaughter in the death of A google executive. (Image: Shmuel Thaler/AP)

Medications, prostitution plus the death of the major executive that is corporate like the components of a made-for-TV film. But in this case, the story is all too real, and also has a connection that is surprising the globe of gambling.

Alix Catherine Tichelman, a model who police say was also a high-end prostitute, has been charged with manslaughter in connection utilizing 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 for the overdose that is resulting. Hayes died on November 23, 2013.

That charge was passed down in Santa Cruz Superior Court week that is last along side charges of control, management and transport of drugs, in addition to destroying evidence, doing prostitution, and agreeing to prostitution. Tichelman did 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 being a prostitute. Protection footage from Hayes’ yacht, the ‘Escape,’ presumably shows Tichelman stepping over Hayes’ body and drinking from a glass of wine without doing such a thing to aid him after she had allegedly inserted him with the ultimately deadly heroin overdose. Fingerprints on the glass of wine helped to spot Tichelman, as did her distinctive tattoos, which she had shared on social media reports.

Tichelman was arrested week that is last police lured her to a Santa Cruz resort. Reports say that police led her to think that the rich client was ready to pay her $1,000 for intercourse.

While the current cost associated with Hayes’ death is manslaughter, the situation could get even worse for Tichelman should the investigation turn up more proof.

‘In the event that evidence shows that murder may be proven beyond a reasonable doubt, then we are going to 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 may be the child of Bart Tichelman, the CEO of SynapSense, A folsom-based company that manages Internet data centers throughout the planet. He could be also a poker that is successful with more than $430,000 in profession tournament earnings. Most of that came in one cash that is major a success 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, even cashing in a World group of Poker occasion within the last weeks that are few.

Alix Tichelman was previously associated with 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 reportedly reopening an investigation into their death because the circumstances were much like those of Hayes.

There’s also another connection with a similar death in 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 lethal dose of heroin.

Tichelman was understood for modeling under the pseudonym of AK Kennedy, and when said she enjoyed modeling her to play a character because it allowed. 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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