Atlantic City Trump Plaza Likely to Close in September

Atlantic City Trump Plaza Likely to Close in September

Trump Plaza's shutdown will signify 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 many years of declining revenues, at minimum two casinos have already closed or plan to close this present year, and another is facing a 2nd bankruptcy in 2 yrs. And now, a fourth has said that they additionally be prepared to shut straight down in just a months that are few.

This is the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. While the owners reportedly said that the choice isn't entirely final, employees were to get warnings of this expected closing on early in the day this week.

'Although [the] review has not been completed and no final decision is made, the company 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 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 time that is second and might potentially shut if a customer for the property can't be discovered. That could keep the town with just eight casinos that are remaining compared to 12 in the very beginning of the 12 months.

In accordance with an AP report, no buyer has yet come forward to take over the casino, and it's also not yet known just what the future could hold for the building after the resort closes.

The Trump Plaza was opened in May 1984. At that time, it was a personal task for Donald Trump, though he now only owns a 10 percent stake in Trump Entertainment Resorts and is no longer tangled up in the daily operations of the company. The venue cost $210 million to build.

Lack of Gambling Enterprises Could Help Remaining Resorts

Even though the loss of up to four casinos may seem apocalyptic for Atlantic City, there's explanation to think it might actually assist 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 particularly damaging.

But you will find still lots of visitors to the city, and with eight casinos nevertheless active there, many gamblers will don't have any trouble locating a resort that appeals to them. That means that there might be nearly as much gamblers as before, but that there will now be only eight casinos to divide those customers rather than 12.

That will be cool comfort 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 in regards to a quarter of the city's gambling workforce.

Trump Plaza is definitely in the marketplace, but Trump Entertainment Resorts has had trouble finding an interested buyer. Last year, the venue ended up being almost offered for $20 million to a firm in California, but that deal fell through. If the Plaza close 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's denied he's got any links to prepared crime, was bought to post $2 million bail, along with stopping his $48 million private jet as collateral. (Image: bankrollmob.com)

Probably if you prepare to set up an illegal sports betting ring, doing it regarding the property of a major Las Vegas casino with their own activities book is not your most useful idea ever. But that reality seems to have eluded high-stakes poker player Paul Phua, who was arrested along side a unlawful world cup gambling ring operating out of three luxury suites in Caesars Palace on the Las Vegas Strip.

The FBI broke up the procedure during the high-roller suites final week, where in actuality the gang of seven men and something woman had been running what the Gambling Control Board described as a kind of high-tech 'wire space,' where illegal World Cup bets had been being monitored by computers remotely linked to other people computer systems 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 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, according to the FBI, he is Wei Seng Phua, a high-ranking member of 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, it appears he hot-tailed it up to Las vegas, nevada to continue running the procedure remotely.

Caesars became suspicious whenever Phua, or one of his associates, insisted that the casino install an unusual quantity 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 looked like a sportsbook, and then to the computer stations, there have been three screen that is large, tuned into World Cup soccer games.

(we'll pause so that you can observe time that is smirk).

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

All eight defendants appeared in court on Monday and were charged with one or more count of the unlawful transmission of wagering information and of operating an illegal gambling business. Paul Phua's Las Vegas attorney, David Chesnoff, denied the web link to orderly crime and said that Phua would fight the charges.

' This is a very sophisticated, intelligent individual who would like 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 member of the gang, was purchased to publish $500,000 bail. Both defendants had been ordered to be electronically monitored and 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 greatly help upload Phua's bail, with Robl evidently willing to pay $1.5 million.

One of the group was another poker player, Malaysian Seng that is national Chen, 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 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. If found guilty, the defendants could address five years in prison. And of course the wrath of the Triad.

Bart Tichelman Daughter Charged in Bing Executive Overdose

Bart Tichelman's daughter Alix was faced with voluntary manslaughter in the loss of A bing executive. (Image: Shmuel Thaler/AP)

Medications, prostitution as well as the death of the major executive that is corporate just like the components of a made-for-TV movie. However in this case, the story is all too real, and also possesses astonishing connection to the world 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 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 associated with the overdose that is resulting. Hayes died on 23, 2013 november.

That charge was passed in Santa Cruz Superior Court week that is last along side costs of possession, management and transport 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 an ongoing relationship with Hayes in her role as a prostitute. Protection footage from Hayes' yacht, the 'Escape,' presumably shows Tichelman stepping over Hayes' human anatomy and ingesting from a glass of wine without doing anything to help him after she had presumably injected him with all the ultimately fatal heroin overdose. Fingerprints on the glass of wine helped to recognize Tichelman, as did her distinctive tattoos, which she had shared on social news records.

Tichelman ended up being arrested the other day after authorities lured her to a Santa Cruz resort. Reports state that police led her to trust that the rich client was ready to pay her $1,000 for sex.

Although the current charge associated with 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.'

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Tichelman is Daughter of CEO Poker Player

Tichelman is the child of Bart Tichelman, the CEO of SynapSense, a firm that is folsom-based manages Internet data centers throughout the entire world. He's also a poker that is successful with over $430,000 in job tournament earnings. Most of that came in one cash that is major a success in a 2008 World Series of Poker Circuit occasion 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 event within yesteryear weeks that are few.

Alix Tichelman was once associated with Dean Riopelle, a previous enthusiast who passed away just two months before Hayes. Riopelle died of the heart attack, but police are now reportedly reopening a research into their death since the circumstances were nearly the same as 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 voluntary manslaughter of a girl 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 allowed her to try out a character. She also saw by herself as an author and poet, sometimes posting dark poems to Twitter and other media sites that are social.