After Long Union Fight, Trump Taj Mahal Ironically Closing on Work Weekend day

The Trump Taj Mahal is all about to end up being the Atlantic that is fifth City to close its doors for good in 3 years. Its closure will signal a final end to your Trump casino brand name forever.
Union members protest outside the Trump Taj Mahal, which will shut its doors on September 4, 2016. Icahn Enterprises says it has lost $100 million on the venture.
In the midst of industrial action by members of the Unite Here Local 54 Union, who have been picketing the Taj for months, investor Carl Icahn has given up on the casino that is stricken will shutter it permanently on September 4.
That closure date hits right in the middle of Labor Day, that will be a coincidence that is wild or it could be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch try to conserve the Taj.
Icahn stepped in to rescue the casino in 2014, when its owners that are previous Trump Entertainment, declared bankruptcy. The billionaire raider that is corporate the majority of its $286 million debt, which he was prepared to convert into equity.
Icahn also said he had been prepared to invest $100 million within the property, if, and only if, he were granted certain concessions by the town. These included the cessation that is temporary of pension and healthcare advantages, which have get to be the focus of the squabble between Icahn Enterprises plus the casino workers’ union.
Out $100 Million
In accordance with neighborhood 54 leader Bob McDevitt, Icahn has plumped for to ‘burn the Trump Taj Mahal down’ so as to ‘punish’ strikers.
‘ For a few million bucks, he may have had labor peace and a content work force,’ McDevitt said in a statement. ‘But rather he’d rather slam the door shut on these workers that are long-term to discipline them and attempt to break their strike. In the long run, he’ll have to live with what he is done to working people in Atlantic City.’
But according to Tony Rodio, leader of Icahn Enterprises’ casino subsidiary Tropicana Entertainment, the employees’ demands have made the continued operation for the casino impossible.
‘Currently, the Taj is multimillions that are losing month, and today with this specific hit, we see no path to profitability,’ Rodio said myfreepokies.com. He included that Icahn Enterprises had lost around $100 million since it took over the Taj.
Bankrupt Eighth Wonder
The casino was announced to function as the ‘eighth wonder regarding the world’ by the current Republican presidential nominee when he opened it in 1990, at a high price of $1 billion. In 1991, it became the wonder that is first of world to go under since the Colossus of Rhodes ended up being destroyed by an earthquake in 226 BC.
In 2009, Trump sold his Atlantic City casino interests to a combined group of venture capitalists, who formed Trump Entertainment. He was able to negotiate a deal whereby he retained a ten percent stake in the casino in return for the use of his famous brand name while he has had nothing to do with the management of the Taj since.
But, in 2014, incensed by exactly what he saw as Trump Entertainment’s mismanagement of the Taj and its sister Atlantic City property the Plaza, he litigated to have his name eliminated from both casinos. He later relented following his friend that is old Icahn intervention. He also relinquished the stake when Trump Entertainment declared for bankruptcy protection.
The Labor Day weekend closure of the Trump Taj Mahal will keep just seven casinos running into the beachside resort, that has been fighting problems that are financial years.
FBI Busts Significant Mafia Crime Syndicate, Included Prohibited Gambling Ops
A Mafia that is massive arm engaged in illegal gambling, extortion, gun-running, and fraud, among other crimes, was smashed by the FBI on Thursday. Bureau agents arrested 46 alleged mob associates, soldiers, capos, and one reputed boss, all in locations up and down the East Coast.
Joey Merlino, the reputed boss regarding the Philadelphia Mafia, was one of 46 alleged mobsters arrested up and down the East Coast on Thursday, following a major fbi and nyoctf infiltration and bust. (Image: miamiherald.com)
Alleged members of the Genovese, Gambino, Lucchese, and Bonanno criminal activity families, four of the brand new York Mob’s top five families, were taken into custody. Key among those arrested had been Joseph ‘Skinny Joey’ Merlino, the boss that is alleged of Philadelphia Mob. Merlino has beaten murder fees into the past, but served jail time for racketeering.
The directory of suspects reads like something out of ‘Casino’ or ‘Goodfellas,’ with nicknames like ‘Tony the Cripple,’ ‘Mustache Pat,’ ‘Muscles,’ ‘Tugboat,’ ‘Nicky the Wig,’ and ‘Big Vinny.’
Diversification associated with Mob
The scale that is sheer scope of the operations shows that the Mafia is still a force become reckoned with in present-day America. The vast empire that is criminal stretched from Massachusetts to Florida, said US Attorney for the Southern District of New York Preet Bharara.
Most of the defendants are alleged to be part of a group known as the East Coast LCN Enterprise, an ‘organized criminal enterprise,’ according to the indictment, that was formed following a pact between your four targeted brand new York families and also the Philadelphia Mafia.
‘ The Mob remains a scourge on this populous city and around the country,’ said Bharara. ‘From loan-sharking and unlawful gambling, to credit card and health care fraud, and also firearms trafficking, today’s Mafia is fully diversified.
‘As alleged, threatening to assault, maim, and kill people who get in the way of the unlawful schemes remains the go-to play in the Mob’s playbook.’
Bharara was notably the prosecutor that is lead the Black Friday busts of major poker sites PokerStars and Full Tilt in 2011. The sites were, at that right time, running away from scope of legality in the usa.
Undercover Agents
The arrests have a joint investigation between the FBI and New York’s Organized Crime Task Force (OCTF), which spanned several years and included infiltration by an undercover FBI agent in to the ranks of the corporation.
Investigators have amassed thousands of hours of testimony collected through wiretaps while the cooperation of a witness. The 32-page indictment, unsealed on Thursday, details incidents of assaults, threats, and arson.
Illegal gambling was a big way to obtain the organization’s income, in accordance with the indictment. It owned an establishment in ny that held poker tournaments and took bets on horses, and additionally operated sports betting companies based in nyc, Florida, New Jersey, and Costa Rica.
All defendants plead not bad, and the majority had been released on $300,000 relationship, while some were retained, with no bail having been set.
Summer Olympics Underway in Rio as City’s Preparation Takes Center Stage
Over 11,000 athletes come in Rio de Janeiro to compete at the 2016 Summer Olympics, nevertheless the victory that is greatest comes by means of a safe and secure 16-day event. (Image: Jewel Samad/AFP)
The 2016 Summer Olympics officially kickoff this evening in Rio de Janeiro, and while the athletes, fans, and news are ready for the competitions, it’sn’t quite therefore clear that the city itself is.
Starting ceremonies begin at 8 pm time that is local Rio.
The Brazilian town is 1 hour ahead associated with United States’ coveted Eastern time zone. NBC will delay its coverage by an full hour to air the event at 8 pm ET instead of 7 pm, much to the dismay of several fans.
More than 11,000 athletes will compete in 39 sport disciplines now through the closing ceremonies on August 21. But after years of planning and planning, or lack thereof on the component of Rio, plenty of serious concerns linger as the world’s sporting tournament that is greatest begins.
Uh-Oh de Janeiro
The controversy surrounding the 2016 Summer Olympics will likely have a lasting impact on the games. Brazil is the first South country that is american play host to an Olympics, and its own severe shortcomings in adequately preparing Rio is anticipated to push Olympic organizers back to keeping the occasion in more stable regions of this world.
Africa happens to be the only continent to never host an Olympics. That likely will not change anytime soon.
The International Olympic Committee (IOC) and nations around the world are more concerned with the next 16 days in Rio while Rio’s mishandling will have long-term consequences.
- Zika: The most problem that is serious Rio is physically the littlest. Mosquitos infected with Zika, a virus that may cause severe birth defects, continues to be rampant.
- Water: Sewage-infested waters surrounding the city contain high quantities of bacteria. Open-water swimmers have been told never to submerge their heads while competing.
- Crime: Rio is definitely an city that is impoverished some locals have actually nothing to readily lose. And having a local law enforcement agency that pales compared to first-world nations, criminal activity is of utmost concern. a 22-year-old moroccan boxer had been arrested just this morning after wanting to rape two maids.
- Terrorism: The united states of america has over 1,000 spies in Rio monitoring terror threats and everything that is doing can to keep Team USA safe. Army forces are also on standby.
- Housing: Several countries have deemed the athletes’ village uninhabitable. Team USA basketball countered by renting a cruise that is luxurious with the capacity of accommodating 296 guests for his or her stay in Rio.
Let the Betting Begin
In Nevada and Las Vegas, the sportsbooks get it right more often than they get it wrong. Oddsmakers in las vegas are experts at setting lines on sports they know inside and out, but this year’s Olympics presents a series of challenges for the bookies, and potentially a series of preferred chances for gamblers.
For the time that is first the 2000 Olympics, Nevada sportsbooks are offering odds regarding the games. The Nevada Gaming Commission opted to consist of certain amateur contests in February of 2015.
While every book in the Silver State knows football, baseball, basketball, and ice hockey, numerous aren’t quite as familiar with gymnastics, curling, speed walking, javelin, and other disciplines that are olympic.
If you’ve been a follower that is devout of slalom or handball and think you know a lot more than Vegas, now might function as the time to place a wager.
For all of those other country outside of Nevada boundaries, day-to-day fantasy recreations operators are offering a smattering of contests.
Hillary Clinton Campaigns Through Nevada, Condemning Donald Trump
Hillary Clinton doesn’t believe her GOP opponent Donald Trump is competent enough to assume the Oval Office. The Democratic presidential nominee made two stops this week in the all-important swing state of Nevada, where she invested a considerable quantity of her time decrying Trump’s company record and general disposition.
Hillary Clinton spent a great amount of time going after Donald Trump while campaigning in Nevada. Latest polls show her offensive attack, combined with a devastating week for her opponent, is working. (Image: Andrew Harnik/AP)
Appearing before A las vegas, nevada crowd on August 4, Clinton called Trump ‘temperamentally unfit’ to be president. She also attacked his corporate record in both Atlantic City and Las Vegas.
‘i went to Atlantic City and I met a true number of smaller businesses, too as workers, plumbers and painters, cup installers, marble installers, at one of is own resorts. They finished the work . . . and they presented their bill, and also the Trump individuals said, ‘No, we are perhaps not going to pay you,” Clinton reported.
The property, and along with it the Trump casino brand, will shut down for good on Labor Day though Trump has been largely removed from the Trump Taj Mahal since 2009, when Trump Entertainment Resorts filed for bankruptcy.
Before criticizing Trump, Clinton praised Nevada Senator Harry Reid (D) who introduced the Democratic candidate at the event. Reid, who is offered in Congress representing Nevada since 1983, is pro-gambling, but has also expressed help for the Restoration of America’s Wire Act (RAWA), the anti-online gambling measure, an uncommon stance in the 1st state to legalize online poker in America.