Atlantic City Trump Plaza Prone to Close in September

Atlantic City Trump Plaza Prone to Close in September

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

The casino industry of Atlantic City is currently dealing with an unprecedented freefall. After 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 2 yrs. And now, a fourth has stated that they additionally expect to shut down in just a months that are few.

That 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. Whilst the owners reportedly said that the decision isn’t entirely last, employees were to get warnings of the anticipated closing on previously this week.

‘Although [the] review has not been completed and no concluding decision happens to be made, the business expects 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 expected, the effect could be that up to 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 is currently in bankruptcy court for the time that is second and might potentially close if a customer for the home can not be discovered. That could keep the town with simply eight casinos that are remaining when compared with 12 at the start of the year.

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

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

Loss of Gambling Enterprises Could Help resorts that are remaining

As the loss of as much as four casinos may seem apocalyptic for Atlantic City, there’s explanation to trust it could actually help 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 there are still an abundance of visitors to the city, along with eight casinos nevertheless active there, most gamblers will don’t have any trouble locating 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 separate those customers rather than 12.

Which is comfort that is cold those whom lose jobs as a consequence of 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 associated with the city’s gambling workforce.

Trump Plaza has long been in the marketplace, but Trump Entertainment Resorts has had trouble finding an interested buyer. Last year, the venue was nearly offered for $20 million to a company in California, but that deal fell through. Should 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 any links to crime that is organized was ordered to post $2 million bail, along side quitting their $48 million private jet as collateral. (Image: bankrollmob.com)

Probably if you prepare to set up an illegal sports betting ring, doing it on the property of a significant Las Vegas casino with their very own activities book is not your most readily useful idea ever. But that reality seemingly have eluded high-stakes poker player Paul Phua, who has been arrested along with A world that is illegal cup band running out of three luxury rooms in Caesars Palace on the Las Vegas Strip.

The FBI broke up the procedure during the high-roller suites week that is last 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 room,’ where illegal World Cup bets were being monitored by computers remotely connected to others 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 aussie-pokies.club 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 person in 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 running a gambling that is illegal there. After being released on bail, this indicates he hot-tailed it over to Las vegas, nevada to carry on running the procedure remotely.

Caesars became suspicious when Phua, or certainly one of his associates, insisted that the casino install an unusual amount of technical equipment in 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 then to the computer stations, there were three screen that is large, tuned into World Cup soccer games.

(We are going to pause and that means you can observe smirk time now).

Acting on a tip-off from Caesars, undercover law enforcement agents monitored task in the rooms through the entire thirty days. 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 a minumum of one count of the unlawful transmission of wagering information and of running an illegal gambling company. Paul Phua’s Las Vegas attorney, David Chesnoff, denied the web link to organized crime and said that Phua would fight the charges.

‘ This will be 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, along with his $48 million jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly a known person in the gang, was purchased to publish $500,000 bail. Both defendants were ordered to be electronically monitored and 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 simply 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 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 face up to 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 happens to be charged with voluntary manslaughter in the death of A bing executive. (Image: Shmuel Thaler/AP)

Medications, prostitution therefore the death of a major corporate professional sound like the elements of a made-for-TV film. However in this case, the story is all too real, and also possesses connection that is surprising the globe of gambling.

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

That fee was handed down in Santa Cruz Superior Court last week, along with costs of control, administration and transportation of drugs, in addition to destroying evidence, doing prostitution, and agreeing to prostitution. Tichelman would not enter a plea.

Security Footage Shows Tichelman on Yacht

Police allege that Tichelman had an ongoing relationship with Hayes inside her role as 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 such a thing to help him after she had allegedly injected him utilizing the ultimately fatal 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 had been arrested week that is last authorities lured her to a Santa Cruz hotel. Reports state that police led her to believe that a client that is rich 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 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 child of Bart Tichelman, the CEO of SynapSense, A folsom-based firm that manages Internet data centers throughout the planet. He could be also a successful poker player with more than $430,000 in profession tournament earnings. Most of that came in one cash that is major a victory in a 2008 World variety 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 occasion within days gone by couple weeks.

Alix Tichelman was once related to Dean Riopelle, a former fan who passed away just two months before Hayes. Riopelle passed away of the heart assault, but police are now apparently reopening an investigation into their death since the circumstances were nearly the same as those of Hayes.

There’s also another connection with a comparable death in Tichelman’s past. She once dated Warren Ullom, an Atlanta singer who was convicted of the voluntary manslaughter of a woman 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 because it allowed her to try out a character. She also saw herself as a journalist and poet, often posting dark poems to Facebook and other social news sites.