At the Trump Taj Mahal, the offering bid that is latest from casino union Unite Here Local 54 to owner Carl Icahn has fallen on deaf ears in Atlantic City.
Bartenders, wait staff, cooks, housekeeping, and other service workers stepped off the job on July 1, demanding higher hourly wages and the restoration of health and pension benefits that disappeared during the Taj’s bankruptcy procedures.
Owner Carl Icahn is continuing with his intends to close the Trump Taj Mahal in Atlantic City come October, despite a new offer from the neighborhood employees union striking at the resort.
Icahn, whom took control of the home in March by acquiring nearly all its $286 million with debt, shunned the union’s offer, saying he required more time before reinstating benefits. The billionaire decided to take a $100 million loss and now plans to permanently close the casino on October 10 after weeks of divisive picketing and a back-and-forth shouting match between union leaders and Icahn management.
Unite Here saw the move as a bluff, and went back to the drawing board. This week the union presented a new proposition that will reportedly only price Icahn $1.3 million more than their past offer. But Icahn will not budge.
‘[Union president] Bob McDevitt while the Taj bargaining committee have no someone to blame but by themselves for this outcome that is sad’ Tropicana President Tony Rodio told the Associated Press. Rodio is overseeing the Taj’s closing for Icahn, and also the Tropicana is additionally under Icahn’s ownership.
‘If McDevitt cared also one iota concerning the future for the employees he’d have allowed them to vote regarding the proposal we offered five weeks ago based on his guidelines, which we believe may have saved the Taj,’ Rodio concluded.
The 20 Percent
With a lot of money estimated to be worth $16 billion, Icahn is certainly one of the wealthiest individuals on the planet. The union in Atlantic City believes he reached that known level by searching for himself first and most important.
‘Carl Icahn has taken hundreds of millions of bucks away from Atlantic town,’ McDevitt said this month. ‘It has been nothing but the usual ‘my means or the highway’ from Carl Icahn. That is not attempting to reach an agreement; that’s punishing people that are working taking a stand to injustice.’
It is the latest chapter in what’s been a trying saga in Atlantic City.
A report that is new Stockton University claims one in five casino jobs, or about 20 percent, not exist in the beachside resort. The Unite Here Local 54 hit is for around 1,000 workers during the Trump Taj, but if Icahn does certainly close the entire resort, a total of 3,000 jobs will be gone.
Online Trumping Brick-and-Mortar
The Trump Plaza, Revel, Showboat, and Atlantic Club all shut in 2014. The remaining eight casinos managed to weather the storm over the last two years, with some analysts calling the loss ‘right-sizing.’
Almost all of the gamblers’ bankrolls will be wagered during the three Marina District resorts, and another perhaps more place that is surprising on the web.
Gambling in New Jersey is up 1.5 percent in 2016 through the very first six months, but brick-and-mortar revenue is up only 0.6 percent. The distinction comes from Web casinos surging 31.7 percent through June.
The alleged ‘ninth casino’ taken in nearly $95 million, more than land-based Resorts ($79.7 million) while the Taj Mahal ($85.2 million). Plus the overhead of an casino that is online miniscule in comparison to its land-based counterparts.
While that’s good for the gaming operators, it’s harmful to casino workers looking for work. As well as for now, it looks like several thousand of those workers may be facing the break season without a steady paycheck.
GAN Suggests It’s Working Together With A united states Gambling Company on Non-US Online Casino
Dermot Smurfit has landed another investment from billionaire Dermot Desmond, and the GAN CEO says more promising news is in the way should a potential deal by having a major casino in america become finalized. (Image: businesspost.ie)
The United Kingdom’s GAN, previously GameAccount Network, hinted to people this week that it’s working with a gambling that is major in the United States on developing an oversees on-line casino. GAN CEO Dermot Smurfit said he hopes to produce an official announcement on the news before the entire year stops.
But for now, he wouldn’t reveal which gambling business GAN ended up being in talks with.
Online gambling remains unlawful in 47 of the 50 states. While there is technically nothing that stops A american-based casino from partnering having a business abroad to offer online flash games where it is legal, the major operators have avoided doing so.
Erring in the side of caution is a move that is good it comes to the United States and internet gaming regulations. Five years considering that the US Department of Justice seized the PokerStars domain on poker’s infamous ‘Black Friday,’ the now Amaya-owned internet card room is still experiencing difficulties from its ‘Bad Actor’ days, particularly in California where some Native tribes want the company banned.
GAN’s Secret Partner
In the event that handle the unidentified US video gaming operator undergoes, GAN would give you the software and technology and myfreepokies.com the casino company would just wrap the web site along with its branding.
GAN is a business-to-business turnkey gaming systems supplier and another regarding the largest interactive casino software organizations in the entire world.
Smurfit says online gaming is managed in countries that account for nearly 30 percent of our planet’s population.
‘ This is a big strategic move for us,’ Smurfit told the Irish occasions. ‘The market hasn’t yet seen a major us land casino enter online in Europe.’
GAN supplies online games for Borgata in Atlantic City and simulated gaming for numerous casinos Foxwoods that is including Live, and Parx.
There exists a laundry list of possible suitors that could be revealed due to the fact mystery party.
Though it’s complete speculation, it’s important not to ever disregard the Seminole Tribe in Florida. Currently engulfed in a battle that is compact state lawmakers, the Seminoles own two Hard Rock gambling enterprises into the Sunshine State and own the Hard Rock Café chain.
London has an intense Rock Café, as does Manchester. Native American teams would be less worried about appeasing federal regulators as they reside on sovereign land.
But again, GAN and Smurfit didn’t provide any specifics on the united states company. The sole strong bet is that it isn’t Sheldon Adelson’s Las Vegas Sands.
Significant Casino, Significant Investor
Along with the news that is big GAN might be teaming with A us operator, Smurfit’s media conference last week had been to reveal that billionaire Dermot Desmond was further investing into the company. For $1.7 million, Desmond is purchasing 3.25 million new shares.
The buy is significant for GAN and Smurfit. Desmond, A irish businessman and banker, first purchased GAN just two years after the business was founded.
‘Dermot Desmond could be the good reason why my family members spent,’ Smurfit told the Irish Independent. ‘It had been Dermot Desmond’s 2004 investment in that which was then called Game Account . . . that triggered my loved ones’s interest because Dermot quite definitely validated what it ended up being we were wanting to build.’
Smurfit comes from an affluent household. Their father was a primary executive at Powerflute Oyj, a Finland paper and packaging group, and currently functions as president regarding the European Corrugated Packaging Association in Brussels.
Smurfit is wagering on Desmond snagging up a larger stake in GAN plus the company’s teasing of a possible new on-line casino coming to European countries to create yet additional investors to the business.
But, stocks of GAN dropped 0.94 % on Tuesday (the London Stock market had been closed Monday).
Irish Olympic Boxers Allegedly Gambled on 2016 Summer Games
Two of these Irish boxers that are olympic being accused of gambling on the 2016 Sumer Games in Rio, nevertheless the suspects’ identities are being withheld. (Image: Ryan Byrne/Inpho Sports Photography)
Two Irish Olympic boxers allegedly gambled on the 2016 Summer Olympics in Rio de Janeiro. If the costs are proven, the unidentified athletes would face serious disciplinary sanctions from both the International Olympic Committee (IOC) while the Olympic Council of Ireland (OCI).
Pat Ryan, the president of this Irish Amateur Boxing Association (IABA), says there’s absolutely no conceivable way the duo gambled without knowing they were in breach of participation agreements they finalized ahead of the Games.
‘They have all attended seminars that are numerous. They happen fully informed of the contract’s content,’ Ryan stated on RTÉ’s ‘this. week’
‘All the Olympians have finalized contracts while the contracts are very explicit,’ Ryan continued. ‘There are regulations in it on gambling which bans them from participating in wagering on Olympic events and providing inside information to gamblers.’
It’s maybe not known which sports the set bet on.
The Integrity Betting Intelligence System (IBIS), established in 2014 by the IOC, reportedly caught the two Irish Olympic boxers.
IBIS collects and distributes intelligence on sports wagering around the world as it relates to the Olympics. Should it detect a betting that is irregular or suspicious task, the IOC is notified.
Police Lineup
The fighting Irish didn’t perform very well in Rio. The country won just two medals, both silver, one in rowing and the other in sailing.
Ireland planned to deliver eight boxers to Rio, but just seven made the trip after Michael O’Reilly had been expelled from the Games for failing a drug test.
The seven athletes who competed were:
Paddy Barnes
Michael Conlan
Joseph Ward
David Joyce
Steven Donnelly
Brendan Irvine
Katie Taylor
It’s ambiguous whether the alleged gambling took place before or during the actual Olympics. Considering activities wagering is widespread in Ireland and banned in Brazil, one might be inclined to think the two suspects put bets before their trips south.
Countless operators are cooperative partners of IBIS. One organization that participates is the Remote Gambling Association, an industry cooperative whose membership includes Irish bookmaker Paddy Power.
The IOC’s investigation is ongoing.
‘ What we shall do is await the completion of the IOC’s investigation . . . then we will be in a position to simply take the mandatory action that is disciplinary’ Ryan explained.
Fortune regarding the Irish?
The weeks after the 2016 Olympics appear to be a bad hangover for the Irish.
Not merely are a couple of of the boxers the topics of a gambling investigation, but OCI President Pat Hickey remains in Rio on charges of improperly tickets that are selling. Hickey was finally released from a Rio prison on August 30, and remains firm that he committed no violations.
The 71-year-old said in a statement, ‘I will now stay static in Rio and my lawyers will proceed to have the charges laid against me personally put aside as there is absolutely no substantive proof of any wrongdoing on my part. I’d like to thank the prison authorities for their kindness they demonstrate to me.’
Ireland’s scandalous Olympics wasn’t its very first.
During the 2012 London Games, sailor Peter O’Leary was proven to have placed a $330 wager on one of his opponents to win. The bet web O’Leary some $4,000.
Pocono Casinos Enjoying Bountiful 2016 as Revenues Trend Up
Pocono gambling enterprises have done a tremendous job keeping their slot machines occupied, additionally the games are the key reason the two resorts are seeing their profits increase in 2016. (Image: Kevin Mingora/Allentown Call morning)
The two Pocono casinos located in the mountainous northeastern Pennsylvania region are posting higher total profits across their gambling floors in 2016. Mohegan Sun Pocono and Mount Airy Casino Resort are correspondingly up 1.62 percent and 2.87 % through the first six months.
Once more oahu is the tried-and-true slots responsible for the gaming winnings increase.
Mohegan Sun reported slots income for initial 1 / 2 of the 12 months was $111 million, a five percent enhance in the period that is same 2015. At Mount Airy, slots brought in $71.5 million, a nearly six percent gain for the resort.
Although the reliable slots increased their winning ways for gaming operators, tables headed in an opposite direction. Table games reduced 12 % at Mohegan Sun to $22.8 million and 5.6 percent at Mount Airy to $21 million.
