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

Trump T<span id="more-6844"></span>aj Mahal Revised Casino Union Offer Rebuffed by Carl Icahn, as New Jersey Online Outpaces on Land

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

Bartenders, wait staff, cooks, housekeeping, along with other service employees walked off the job on July 1, demanding higher hourly wages and the restoration of wellness and pension benefits that disappeared through the Taj’s bankruptcy proceedings.

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 area workers union striking during the resort.

Icahn, whom took control of the home in March by acquiring nearly all its $286 million in 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 new proposal that will reportedly only cost Icahn $1.3 million a lot more than his past offer. But Icahn will maybe not budge.

‘[Union president] Bob McDevitt as well as the Taj bargaining committee have no anyone to blame but on their own for this outcome that is sad’ Tropicana President Tony Rodio told the Associated Press. Rodio is overseeing the Taj’s closing for Icahn, therefore the Tropicana is also under Icahn’s ownership.

‘If McDevitt cared even one iota in regards to the future for the employees he would have allowed them to vote in the proposal we offered five weeks ago based on his recommendations, 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 one of the wealthiest individuals on earth. The union in Atlantic City believes he reached that level by looking for himself first and foremost.

‘Carl Icahn has taken hundreds of millions of dollars out of Atlantic city,’ McDevitt stated this month. ‘It has been nothing but the usual ‘my means or the highway’ from Carl Icahn. That isn’t trying to reach an agreement; that’s punishing working people for standing to injustice.’

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

A report that is new Stockton University states one in five casino jobs, or about 20 percent, not exist in the beachside resort. The Unite Here Local 54 strike is for approximately 1,000 workers during the Trump Taj, but if Icahn does certainly 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 shut in 2014. The remaining eight casinos handled to weather the storm during the last a couple of years, with some analysts calling the loss ‘right-sizing.’

The majority of the gamblers’ bankrolls will be wagered at the three Marina District resorts, and another perhaps more place that is surprising on the web.

Gambling in nj is up 1.5 percent in 2016 through the first six months, but brick-and-mortar revenue is up only 0.6 percent. The distinction comes from Web casinos surging 31.7 % through June.

The so-called ‘ninth casino’ taken in nearly $95 million, more than land-based Resorts ($79.7 million) and the Taj Mahal ($85.2 million). As well as the overhead of an online casino is miniscule in comparison to its land-based counterparts.

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

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

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

The United Kingdom’s GAN, formerly GameAccount Network, hinted to the public this week that it’s dealing 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 announcement that is official the news before the year finishes.

But for the present time, he’dn’t reveal which gambling company GAN had been in talks with.

On the web gambling continues to be illegal in 47 of the 50 states. While there’s theoretically nothing that prevents A american-based casino from partnering with a company abroad to offer online games where it is legal, the major operators have avoided doing so.

Erring regarding the side of caution is a move that is good it comes down towards the United States and internet gaming regulations. Five years since 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 deal with the US that is unidentified gaming undergoes, GAN would provide you with the pc software and technology and the casino company would merely wrap the website with its branding.

GAN is just a business-to-business turnkey gaming systems provider and something of the largest interactive casino software organizations in the world.

Smurfit says online gaming is controlled in countries that account fully for nearly 30 % of the planet’s populace.

‘ This will be a big move that is strategic us,’ Smurfit told the Irish occasions. ‘The market hasn’t yet seen a major united states land casino enter on line in Europe.’

GAN supplies online games for Borgata in Atlantic City and simulated video gaming for numerous casinos Foxwoods that is including Live, and Parx.

There exists a laundry list of possible suitors that might be revealed once the mystery celebration.

Though it is complete speculation, it’s important not to ever disregard the Seminole Tribe in Florida. Currently engulfed in a compact battle with state lawmakers, the Seminoles own two Hard Rock gambling enterprises within the Sunshine State and own the Hard Rock Café chain.

London has an intense Rock Café, as does Manchester. Native groups that are american be less concerned with appeasing federal regulators because they reside on sovereign land.

But again, GAN and Smurfit didn’t provide any specifics on the US company. The only real strong bet is that it is not Sheldon Adelson’s Las vegas, nevada Sands.

Significant Casino, Significant Investor

Along with the big news that GAN might be teaming with A united states operator, Smurfit’s media conference last week ended up being 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 businessman that is irish banker, first dedicated to GAN just two years after the business was founded.

‘Dermot Desmond may be the reason why my family 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 loved ones’s interest because Dermot very much validated what it ended up being we were attempting to build.’

Smurfit comes from a family that is affluent. Their father was a main executive at Powerflute Oyj, a Finland paper and packaging group, and currently functions as president of the European Corrugated Packaging Association in Brussels.

Smurfit is gambling on Desmond snagging up a larger stake in GAN and also the company’s teasing of a potential online that is new coming to Europe to create yet additional investors to the company.

Nonetheless, stocks of GAN dropped 0.94 per cent on Tuesday (the London Stock market ended up being Monday that is closed).

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, 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 fees are proven, the athletes that are unidentified 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 once you understand these were in breach of participation agreements they signed just before the Games.

‘They have all attended seminars that are numerous. They happen completely informed of the contract’s content,’ Ryan said on RTÉ’s ‘This Week.’

‘All the Olympians have signed contracts while the contracts are very explicit,’ Ryan continued. ‘There are regulations from participating in betting on Olympic occasions and providing inside information to gamblers. in it on gambling which bans them’

It’s maybe not known which sports the set bet on.

The Integrity Betting Intelligence System (IBIS), established in 2014 by the IOC, apparently caught the two Irish Olympic boxers.

IBIS collects and distributes intelligence on sports gambling around the global world as it pertains to the Olympics. Should it detect an irregular betting pattern or dubious task, the IOC is notified.

Police Lineup

The fighting Irish didn’t perform perfectly in Rio. The nation won just two medals, both silver, one in rowing and one other in sailing.

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 not clear whether the alleged gambling took place before or through the actual Olympics. Considering recreations wagering is widespread in Ireland and banned in Brazil, one might be inclined to think the two suspects placed bets before their trips south.

Countless operators are cooperative partners of IBIS. One company that participates is the Remote Gambling Association, an industry cooperative whose account includes bookmaker that is irish Power.

The IOC’s investigation is ongoing.

‘ What we shall do is await the conclusion of this IOC’s investigation . . . then we will be able to take the necessary action that is disciplinary’ Ryan explained.

Fortune of the Irish?

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

Not only are two of their boxers the topics of a gambling investigation, but OCI President Pat Hickey remains in Rio on charges of improperly selling tickets. 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 solicitors will check out have the charges laid against me personally put aside as there isn’t any substantive evidence of any wrongdoing on my part. I would really like to thank the prison authorities for their kindness they show in my experience.’

Ireland’s scandalous Olympics wasn’t its very first.

During the 2012 London Games, sailor Peter O’Leary ended up being proven to have placed a $330 wager on certainly one of his opponents to win. The bet web O’Leary some $4,000.

Pocono Casinos Enjoying Bountiful 2016 as Revenues Trend Up

Pocono casinos have done a tremendous job keeping their slot machines occupied, while the games are the key reason the two resorts are seeing their revenues increase in 2016. (Image: Kevin Mingora/Allentown Call morning)

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 correspondingly up 1.62 percent and 2.87 % through the first six months.

Yet again it’s the slots that are tried-and-true for the gaming winnings increase.

Mohegan Sun reported slots revenue for 1st 50 % of the year had been $111 million, a five % increase regarding the period that is same 2015. At Mount Airy, slots brought in $71.5 million, a nearly six per cent gain for the resort.

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

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