Trump Taj Mahal Revised Casino Union Offer Rebuffed by Carl Icahn, as New Jersey Online Outpaces on Land

Trump T<span id="more-9343"></span>aj Mahal Revised Casino Union Offer Rebuffed by Carl Icahn, as New Jersey Online Outpaces on Land

During the Trump Taj Mahal, the latest offering bid from casino union Unite right Here Local 54 to owner Carl Icahn has fallen on deaf ears in Atlantic City.

Bartenders, wait staff, cooks, housekeeping, as well as other service employees walked off the job on July 1, demanding higher wages that are hourly the renovation of wellness and pension benefits that disappeared through 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 local employees union striking during the resort.

Icahn, who took control of the property in March by acquiring nearly all its $286 million with debt, shunned the union’s offer, saying he needed 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 returned to the drawing board. This week the union presented a proposal that is new will reportedly only cost Icahn $1.3 million more than his past offer. But Icahn will perhaps not budge.

‚[Union president] Bob McDevitt while the Taj bargaining committee haven’t any one to blame but on their own for this outcome that is sad‘ Tropicana President Tony Rodio told the dolphin treasure slot game Associated Press. Rodio is overseeing the Taj’s closing for Icahn, and also the Tropicana is additionally under Icahn’s ownership.

‚If McDevitt cared even one iota in regards to the future associated with employees he’d have allowed them to vote regarding the proposal we offered five weeks hence based on his recommendations, which we believe might have saved the Taj,‘ Rodio concluded.

The 20 Percent

With a fortune estimated to be well worth $16 billion, Icahn is one of the wealthiest individuals on earth. The union in Atlantic City believes he reached that level by looking out for himself first and foremost.

‚Carl Icahn has taken hundreds of millions of dollars away from Atlantic town,‘ McDevitt stated this thirty days. ‚It has been nothing but the usual ‚my means or the highway‘ from Carl Icahn. That isn’t attempting to reach a contract; that’s punishing working people for standing up to injustice.‘

It’s the chapter that is latest in what’s been a trying saga in Atlantic City.

A new report from Stockton University states 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 at the Trump Taj, but if Icahn does indeed close the resort that is entire a total of 3,000 jobs will be gone.

Online Trumping Brick-and-Mortar

The Trump Plaza, Revel, Showboat, and Atlantic Club all closed in 2014. The remaining eight casinos managed to weather the storm throughout the last 24 months, with some analysts calling the loss ‚right-sizing.‘

Almost all of the gamblers‘ bankrolls has been wagered during the three Marina District resorts, and another perhaps more place that is surprising on line.

Gambling in nj is up 1.5 % in 2016 through the first six months, but brick-and-mortar revenue is up only 0.6 percent. The difference originates from Internet casinos surging 31.7 per cent through June.

The so-called ’ninth casino‘ pulled in nearly $95 million, more than land-based Resorts ($79.7 million) as well as the Taj Mahal ($85.2 million). Plus the overhead of a casino that is online miniscule when put next to its land-based counterparts.

While that’s good for the gaming operators, it is harmful to casino employees looking for work. And for now, it appears like several thousand of those workers may be dealing with the vacation season without a steady paycheck.

GAN Suggests It’s Working Together With A united states Gambling Business on Non-US On-line Casino

Dermot Smurfit has landed another investment from billionaire Dermot Desmond, and the GAN CEO says more news that is promising on the way should a possible deal with a major casino in the United States become finalized. (Image: businesspost.ie)

Great britain’s GAN, previously GameAccount Network, hinted to the public this week that it’s working together 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 help make an official statement on the news before the season finishes.

But for the time being, he wouldn’t reveal which gambling business GAN was in talks with.

On line gambling stays unlawful in 47 of the 50 states. While there is technically nothing that stops a casino that is american-based partnering having a company 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 down towards the United States and internet gaming regulations. Five years because 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

If the deal with the unidentified US video gaming operator goes through, GAN would provide you with the computer software and technology and the casino company would just wrap the website using its branding.

GAN is a business-to-business turnkey gaming systems supplier and one regarding the largest interactive casino software businesses in the planet.

Smurfit says online gaming is controlled in countries that account for nearly 30 percent of the earth’s populace.

‚ This is a big strategic move for us,‘ Smurfit told the Irish days. ‚The market hasn’t yet seen a major united states 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 is a laundry list of prospective suitors that could be revealed due to the fact mystery celebration.

Though it’s complete speculation, it is essential never to overlook the Seminole Tribe in Florida. Currently engulfed in a compact battle with state lawmakers, the Seminoles own two Hard Rock casinos within the Sunshine State and own the Hard Rock Café chain.

London has A hard Rock Café, as does Manchester. Native groups that are american be less concerned with 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 only real strong bet is that it’s not Sheldon Adelson’s Las Vegas Sands.

Significant Casino, Major Investor

Along with the big news that GAN might be teaming with A us operator, Smurfit’s media conference the other day was to reveal that billionaire Dermot Desmond was further investing within the company. For $1.7 million, Desmond is purchasing 3.25 million new shares.

The buy is significant for GAN and Smurfit. Desmond, a businessman that is irish banker, first dedicated to GAN just two years after the business was founded.

‚Dermot Desmond could be the reason why my children members spent,‘ Smurfit told the Irish Independent. ‚It had been Dermot Desmond’s 2004 investment in what was then called Game Account . . . that triggered my family’s interest because Dermot very much validated what it ended up being we had been wanting to build.‘

Smurfit comes from a family that is affluent. Their father ended up being an executive that is chief Powerflute Oyj, a Finland paper and packaging group, and currently serves as president associated with the European Corrugated Packaging Association in Brussels.

Smurfit is betting on Desmond snagging up a larger stake in GAN therefore the company’s teasing of a potential new online casino coming to European countries to create yet additional investors to the company.

Nonetheless, shares of GAN dropped 0.94 % on Tuesday (the London Stock market ended up being closed Monday).

Irish Olympic Boxers Allegedly Gambled on 2016 Summer Games

Two of these Irish Olympic boxers are being accused of gambling on the 2016 Sumer Games in Rio, but 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 charges are proven, the unidentified athletes would face serious disciplinary sanctions from both the International Olympic Committee (IOC) plus the Olympic Council of Ireland (OCI).

Pat Ryan, the president associated with the Irish Amateur Boxing Association (IABA), says there is no way that is conceivable duo gambled without knowing these were in violation of participation agreements they finalized just before the Games.

‚They have all attended seminars that are numerous. They have now been fully informed of the contract’s content,‘ Ryan stated on RTÉ’s ‚This Week.‘

‚All the Olympians have signed agreements and also the agreements 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), created in 2014 by the IOC, apparently caught the two Irish Olympic boxers.

IBIS collects and distributes intelligence on sports gambling around the world because it pertains to the Olympics. Should it detect an irregular betting pattern or suspicious activity, the IOC is notified.

Police Lineup

The Irish that is fighting did perform well in Rio. The country won just two medals, both silver, one in rowing and the other in cruising.

Ireland planned to deliver eight boxers to Rio, but only 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 unclear whether the alleged gambling happened before or throughout the actual Olympics. Considering recreations gambling 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, a market cooperative whose account includes Irish bookmaker Paddy Power.

The IOC’s investigation is ongoing.

‚ What we shall do is await the completion of this IOC’s investigation . . . then we will be in a position to take the required disciplinary action,‘ Ryan explained.

Fortune of the Irish?

The weeks following 2016 Olympics seem like a hangover that is bad the Irish.

Not only are a couple of of these 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 30, and remains firm that he committed no violations august.

The 71-year-old said in a statement, ‚I will now stay in Rio and my lawyers will proceed to have the charges laid against me set aside as there is no proof that is substantive of wrongdoing on my part. I would really like to thank the prison authorities for their kindness they show if you ask 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 internet O’Leary some $4,000.

Pocono Casinos Enjoying Bountiful 2016 as Revenues Trend Up

Pocono casinos have done a job that is tremendous their slot machines occupied, while the games are the leading reason the two resorts are seeing their revenues boost in 2016. (Image: Kevin Mingora/Allentown Morning Call)

The two Pocono casinos located in the mountainous Pennsylvania that is northeastern region posting higher total revenues across their gambling floors in 2016. Mohegan Sun Pocono and Mount Airy Casino Resort are respectively up 1.62 per cent and 2.87 per cent through the first six months.

Again oahu is the slots that are tried-and-true for the gaming winnings increase.

Mohegan Sun reported slots income for 1st 50 % of the 12 months was $111 million, a five percent increase regarding the period that is same 2015. At Mount Airy, slots brought in $71.5 million, a nearly six gain that is percent the resort.

Whilst the reliable slots increased their winning ways for gaming operators, tables headed in an opposite direction. Table games decreased 12 per cent at Mohegan Sun to $22.8 million and 5.6 % at Mount Airy to $21 million.

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