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Trump Plaza’s shutdown will mean that as four Atlantic City casinos could possibly be closed this 12 months. (Image: Lisa Andres/Flickr)

The casino industry of Atlantic City is presently dealing with a freefall that is unprecedented. After years of declining revenues, at minimum two casinos have already closed or plan to close this year, and another is facing a 2nd bankruptcy in 2 yrs. And now, a fourth has stated that they also be prepared to shut straight down in just a few months.

That’s 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 final, employees were to get warnings of the anticipated closing on previously this week.

‘Although [the] review has not been completed and no concluding decision has been made, the company expects 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 anticipated, the end result could be that as much as a third of Atlantic City’s casinos could close down this year. 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 close if a customer for the home can’t be found. That could keep the town with just eight remaining casinos, when compared with 12 in the beginning of the year.

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

The Trump Plaza was exposed in May 1984. During the time, it ended up being a project that is personal Donald Trump, though he now just owns a 10 % stake in Trump Entertainment Resorts and is no longer tangled up in the daily operations of the company. The venue cost $210 million to create.

Lack of Gambling Enterprises Could Help Remaining Resorts

As the loss of up to four casinos may seem apocalyptic for Atlantic City, there’s reason to believe it could actually help in the long run. The casino that is oversaturated in the northeastern United States has hurt Atlantic City, with competition from Pennsylvania being especially damaging.

But there are still lots of visitors to the populous city, sufficient reason for eight casinos still active there, many gamblers will haven’t 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 divide those customers rather than 12.

Which is cold convenience to those whom 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 could have lost jobs in Atlantic City this year alone. That represents in regards to a quarter for the city’s gambling workforce.

Trump Plaza is definitely in the marketplace, but Trump Entertainment Resorts has had trouble finding an interested buyer. Final year, the venue had been nearly sold 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 has any links to crime that is organized was bought to post $2 million bail, along side 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 happens to be arrested along with A world that is illegal cup ring running out of three luxury suites in Caesars Palace on the Las vegas, nevada Strip.

The FBI broke up the procedure during the high-roller suites week that is last in which the gang of seven men and something woman had been running what the Gambling Control Board described being a kind of high-tech ‘wire room,’ where illegal World Cup bets had been being monitored by computers remotely connected to 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 in the EPT Grand Final High Roller Event in Monte Carlo and in 2012 he played into the Big One for starters Drop tournament. However, based on the FBI, he’s 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 charged with running an illegal gambling business there. After being released on bail, this indicates he hot-tailed it up to Las vegas, nevada to play lightning link slot online free continue running the operation remotely.

Caesars became suspicious when Phua, or one of his associates, insisted that the casino install an unusual amount 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 next to the computer stations, there have been three screen that is large, tuned into World Cup soccer games.

(We are going to pause so you can observe smirk time now).

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

‘ This will be 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, along with his $48 million jet that is private collateral. Phua’s son Darren Phua, 22, also allegedly member of the gang, was bought to post $500,000 bail. Both defendants had been ordered to be electronically monitored and also to stay on home detention in 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 publish Phua’s bail, with Robl evidently prepared to pay $1.5 million.

On the list of 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 same tournament. 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. 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 death of A google professional. (Image: Shmuel Thaler/AP)

Medications, prostitution and also the death of a major executive that is corporate such as 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 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 handed down in Santa Cruz Superior Court week that is last along side costs of control, management and transportation of drugs, along with destroying evidence, participating in prostitution, and agreeing to prostitution. Tichelman didn’t 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,’ allegedly shows Tichelman stepping over Hayes’ human anatomy and drinking from a glass of wine without doing any such thing to aid him after she had allegedly inserted him utilizing the ultimately deadly heroin overdose. Fingerprints on the glass of wine helped to recognize Tichelman, as did her tattoos that are distinctive which she had shared on social media reports.

Tichelman ended up being arrested week that is last authorities lured her to a Santa Cruz resort. Reports say that police led her to believe that the rich client was willing 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 daughter of Bart Tichelman, the CEO of SynapSense, a firm that is folsom-based manages Internet data centers throughout the planet. He is also a successful poker player with more than $430,000 in profession tournament earnings. Most of this came in one major money: a success in a 2008 World Series 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 Series of Poker occasion within yesteryear couple weeks.

Alix Tichelman was once associated with Dean Riopelle, a former fan whom passed away just two months before Hayes. Riopelle died of a heart assault, but police are now apparently reopening an investigation into their death while 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 whom ended up being convicted of the manslaughter that is voluntary of girl whom died after a lethal dose of heroin.

Tichelman was understood for modeling under the pseudonym of AK Kennedy, and when said she enjoyed modeling because it permitted her to try out a character. She also saw by herself as a writer and poet, sometimes posting dark poems to Facebook and other social media sites.

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