During the Trump Taj Mahal, the offering bid that is latest 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, and other service workers stepped from the job on July 1, demanding greater hourly wages and the renovation of health and pension benefits that disappeared through the Taj’s bankruptcy procedures.
Owner Carl Icahn is continuing with his plans to close the Trump Taj Mahal in Atlantic City come October, despite a new offer from the neighborhood workers union striking at the resort.
Icahn, who took control of the property in March by acquiring the majority of 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 board that is drawing. This week the union presented a new proposal that will reportedly only price Icahn $1.3 million a lot more than their previous offer. But Icahn will perhaps not budge.
‘[Union president] Bob McDevitt while the Taj bargaining committee have no one to blame but themselves for this sad result,’ 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 even one iota in regards to the future of this employees he would have allowed them to vote on the proposal we offered five weeks hence based on his tips, which we believe may 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 in the world. The union in Atlantic City believes he reached that level by looking out for himself first and most important.
‘Carl Icahn has taken hundreds of millions of dollars out of Atlantic town,’ McDevitt stated this month. ‘It has been nothing but the usual ‘my way or the highway’ from Carl Icahn. That isn’t wanting to reach an agreement; that’s punishing people that are working standing up to injustice.’
It’s the chapter that is latest 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, no longer exist in the beachside resort. The Unite Here Local 54 hit is for about 1,000 workers at the Trump Taj, but if Icahn does indeed 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 24 months, with some analysts calling the loss ‘right-sizing.’
Almost all of the gamblers’ bankrolls will be wagered at the three Marina District resorts, and another perhaps more astonishing place: on the web.
Gambling in New Jersey is up 1.5 per cent in 2016 through the very first six months, but brick-and-mortar revenue is up only 0.6 percent. The difference originates from online casinos surging 31.7 % through June.
The so-called ‘ninth casino’ pulled in nearly $95 million, more than land-based Resorts ($79.7 million) and the Taj Mahal ($85.2 million). Plus the overhead of a casino that is online miniscule in comparison to its land-based counterparts.
While that’s good for the gaming operators, it’s bad for casino workers searching for work. And for now, it appears like several thousand of those workers may be dealing with the vacation season without a paycheck that is steady.
GAN Suggests It’s Dealing 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 regarding the method should a prospective deal by having a major casino in the United States become finalized. (Image: businesspost.ie)
The United Kingdom’s GAN, formerly GameAccount Network, hinted to the general public this week 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 in order to make an official statement on the news before the season stops.
But for the present time, he’dn’t reveal which gambling company GAN ended up being in talks with.
On the web gambling remains illegal in 47 of the 50 states. While there’s technically nothing that stops A american-based casino from partnering by having a business abroad to offer online flash games where it is legal, the main 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
If the deal with the unidentified US video gaming operator goes through, GAN would give you the pc software and technology and the casino company would merely wrap the internet site with its branding.
GAN is a business-to-business turnkey gaming systems provider and something for the biggest interactive casino software businesses in the entire world.
Smurfit says online gaming is regulated in countries that account for nearly 30 percent of the planet’s population.
‘ This is a big strategic move for us,’ Smurfit told the Irish Times. ‘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 video gaming for numerous casinos including Foxwoods, Maryland Live, and Parx.
There is a laundry list of prospective suitors that would be revealed while the mystery party.
Though it is complete speculation, it is essential never to overlook 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 string.
London has A hard Rock Café, as does Manchester. Native groups that are american be less worried about appeasing federal regulators because they reside on sovereign land.
But again, GAN and Smurfit didn’t provide any specifics on the usa company. The sole 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 ended up being to reveal that billionaire Dermot Desmond was further investing within the company. For $1.7 million, Desmond is purchasing 3.25 million shares that are new.
The buy is significant for GAN and Smurfit. Desmond, a businessman that is irish banker, first invested in GAN just two years after the business had been founded.
‘Dermot Desmond may be the good reason why my loved ones 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 attempting to build.’
Smurfit comes from an affluent family members. His father ended up being an executive that is chief Powerflute Oyj, a Finland paper and packaging group, and currently functions as president for the European Corrugated Packaging Association in Brussels.
Smurfit is gambling on Desmond snagging up a larger stake in GAN as well as the company’s teasing of a possible online that is new coming to European countries to create yet additional investors to the business.
But, stocks of GAN dropped 0.94 % on Tuesday (the London Stock Exchange ended up being Monday that is closed).
Irish Olympic Boxers Allegedly Gambled on 2016 Summer Games
Two of myfreepokies.com these Irish Olympic boxers are being accused of gambling on the 2016 Sumer Games in Rio, however 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 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 of the Irish Amateur Boxing Association (IABA), says there isn’t any way that is conceivable duo gambled without knowing these people were in breach of participation agreements they signed just before the Games.
‘They have all attended numerous seminars. They happen completely informed of the contract’s content,’ Ryan stated on RTÉ’s ‘this. week’
‘All the Olympians have finalized agreements as well as the contracts are very explicit,’ Ryan continued. ‘There are laws in it on gambling which bans them from participating in gambling 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, apparently caught the two Irish Olympic boxers.
IBIS collects and distributes intelligence on sports betting around the global world because it relates to the Olympics. Should it identify a betting that is irregular or dubious activity, the IOC is notified.
The Irish that is fighting did perform perfectly in Rio. The united states 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:
It’s not clear whether the alleged gambling happened before or through the actual Olympics. Considering activities betting is widespread in Ireland and banned in Brazil, one may be inclined to think the two suspects put bets before their trips south.
Countless operators are cooperative partners of IBIS. One company that participates is the Remote Gambling Association, a market cooperative whose account includes bookmaker that is irish Power.
The IOC’s investigation is ongoing.
‘ What we will do is await the completion associated with the IOC’s investigation . . . then we will be in a position to just take the mandatory disciplinary action,’ Ryan explained.
Fortune associated with the Irish?
The weeks after the 2016 Olympics appear to be a hangover that is bad the Irish.
Not merely are two of their boxers the subjects 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 static in Rio and my attorneys will check out have the charges laid against me put aside as there’s absolutely no proof that is substantive of wrongdoing on my part. I would like to thank the prison authorities for their kindness they show to me.’
Ireland’s scandalous Olympics wasn’t its first.
During the 2012 London Games, sailor Peter O’Leary had been 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 gambling enterprises have done a tremendous job keeping their slot machines occupied, as well as the games are the leading reason the two resorts are seeing their revenues increase in 2016. (Image: Kevin Mingora/Allentown Morning Call)
The two Pocono casinos located in the mountainous Pennsylvania that is northeastern region 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 per cent through the first six months.
Yet again it is the slots that are tried-and-true for the video gaming win increase.
Mohegan Sun reported slots income for the first half the year was $111 million, a five percent enhance in the same period in 2015. At Mount Airy, slots brought in $71.5 million, a nearly six gain that is percent the resort.
As the reliable slots increased their winning ways for gaming operators, tables headed in a direction that is opposite. Table games decreased 12 % at Mohegan Sun to $22.8 million and 5.6 per cent at Mount Airy to $21 million.