After Long Union Fight, Trump Taj Mahal Ironically Closing on Work Day Weekend
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March 1, 2020After Long Union Fight, Trump Taj Mahal Ironically Closing on Work Day Weekend

The Trump Taj Mahal is about to end up being the fifth Atlantic City casino to shut its doors for good in 3 years. Its closing will signal end to the Trump casino brand once and for all.
Union members protest outside the Trump Taj Mahal, which will close its doorways on September 4, 2016. Icahn Enterprises says it has lost $100 million on the venture.
In the middle of industrial action by members of the Unite Here Local 54 Union, who have been picketing the Taj for days, investor Carl Icahn has abadndoned the casino that is stricken will shutter it permanently on September 4.
That closure date strikes right in the middle of Labor Day, that will be a wild coincidence, or it could be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch try to save your self the Taj.
Icahn stepped in to rescue the casino in 2014, when its owners that are previous Trump Entertainment, declared bankruptcy. The billionaire corporate raider owned the bulk of its $286 million financial obligation, which he had been ready to convert into equity.
Icahn also said he was willing to invest $100 million within the home, if, and only if, he had been granted certain concessions by the city. These included the cessation that is temporary of pension and healthcare benefits, that have end up being the focus of the squabble between Icahn Enterprises and the casino employees’ union.
Out $100 Million
In accordance with neighborhood 54 leader Bob McDevitt, Icahn has chosen to ‘burn the Trump Taj Mahal down’ in order to ‘punish’ strikers.
‘ For a few million bucks, he could have had labor peace and a work that is content,’ McDevitt said in a statement. ‘But instead he’d rather slam the doorway shut on these long-lasting workers just to discipline them and attempt to break their strike. In the end, he’ll have to live in what he’s done to working people in Atlantic City.’
But according to Tony Rodio, chief executive of Icahn Enterprises’ casino subsidiary Tropicana Entertainment, the employees’ demands have made the continued procedure for the casino impossible.
‘Currently, the Taj is losing multimillions a month, and today using this hit, we see no way to profitability,’ Rodio stated. He added that Icahn Enterprises had lost around $100 million since it took over the Taj.
Bankrupt Eighth Wonder
The casino was announced to be the ‘eighth wonder associated with the world’ by the current Republican presidential nominee when he opened it in 1990, at a price of $1 billion. In 1991, it became the wonder that is first of world to get under since the Colossus of Rhodes was destroyed by an earthquake in 226 BC.
In 2009, Trump offered their Atlantic City casino interests to team 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 just what he saw as Trump Entertainment’s mismanagement of the Taj and its cousin 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 additionally relinquished the stake when Trump Entertainment declared for bankruptcy protection.
The Labor Day weekend closure for the Trump Taj Mahal will leave only seven casinos operating into the beachside resort, which has been fighting financial problems for years.
FBI Busts Major 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 mob that is alleged, soldiers, capos, and one reputed boss, all in locations up and down the East Coast.
Joey Merlino, the reputed boss of this Philadelphia Mafia, was one of 46 alleged mobsters arrested down and up the East Coast on Thursday, after a major fbi and nyoctf infiltration and bust. (Image: miamiherald.com)
Alleged users of the Genovese, Gambino, Lucchese, and Bonanno criminal activity families, four of this new York Mob’s top five families, were taken into custody. Key among those arrested ended up being Joseph ‘Skinny Joey’ Merlino, the so-called boss of the Philadelphia Mob. Merlino has beaten murder costs into the past, but served jail time for racketeering.
The variety 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 for the Mob
The scale that is sheer scope of the operations shows that the Mafia is still a force to be reckoned with in present-day America. The vast criminal kingdom infiltrated stretched from Massachusetts to Florida, said US Attorney for the Southern District of New York Preet Bharara.
Each of the defendants are alleged become 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 New that is targeted York and the Philadelphia Mafia.
‘ The Mob remains a scourge on this populous city and around the country,’ said Bharara. ‘From loan-sharking and illegal 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 block off the road of their unlawful schemes continues to be the go-to play in the Mob’s playbook.’
Bharara was notably the lead prosecutor in the Black Friday busts of major poker sites PokerStars and Full Tilt in 2011. The sites were, at that right time, running beyond your range of legality in the usa.
Undercover Agents
The arrests follow a joint investigation between the FBI and New York’s Organized Crime Task Force (OCTF), which spanned several years and involved infiltration by an undercover FBI agent to the ranks of the 1xbet mobile зеркало organization.
Investigators have actually amassed 1000s of hours of testimony collected through wiretaps plus the cooperation of a witness. The indictment that is 32-page unsealed on Thursday, details incidents of assaults, threats, and arson.
Illegal gambling had been a big source of the organization’s revenue, according to the indictment. It owned an establishment in ny that held poker tournaments and took wagers on horses, and also operated sports businesses that are betting 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 are in Rio de Janeiro to compete at the 2016 Summer Olympics, however the greatest victory will come by way of a safe and secure 16-day event. (Image: Jewel Samad/AFP)
The 2016 Summer Olympics officially kickoff this in Rio de Janeiro, and while the athletes, fans, and media are ready for the competitions, it isn’t quite so clear that the city itself is evening.
Starting ceremonies begin at 8 pm time that is local Rio.
The Brazilian city is 1 hour ahead associated with United States’ coveted Eastern time area. NBC will delay its protection by an full hour to air the event at 8 pm ET instead of 7 pm, much to your dismay of numerous fans.
More than 11,000 athletes will compete in 39 sport procedures now through the closing ceremonies on August 21. But after years of planning and preparation, or lack thereof on the part of Rio, plenty of serious issues linger as the world’s greatest sporting tournament starts.
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, as well as its severe shortcomings in adequately preparing Rio is expected to push Olympic organizers back to holding the event in more stable areas of this globe.
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 severe problem in Rio is actually the littlest. Mosquitos infected with Zika, a virus that can cause birth that is severe, remains rampant.
- Water: Sewage-infested waters surrounding the city contain high degrees of bacteria. Open-water swimmers have been told not to submerge their heads while competing.
- Crime: Rio is an city that is impoverished some locals have nothing to readily lose. And by having a law that is local agency that pales in comparison to first-world countries, crime is of utmost concern. a 22-year-old moroccan boxer had been arrested just this morning after trying to rape two maids.
- Terrorism: The usa has over 1,000 spies in Rio monitoring terror threats and doing everything they can to keep Team USA safe. Military forces are also on standby.
- Housing: Several countries have deemed the athletes’ town uninhabitable. Team USA basketball countered by renting a cruise that is luxurious effective at accommodating 296 guests due to their stay in Rio.
Let the Betting Begin
In Nevada and Las vegas, nevada, 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 possibly a few preferred odds for gamblers.
For the very first time since the 2000 Olympics, Nevada sportsbooks are offering odds on the games. The Nevada Gaming Commission opted to include specific amateur contests in February of 2015.
While every book in the Silver State knows football, baseball, basketball, and ice hockey, many aren’t quite as familiar with gymnastics, curling, speed walking, javelin, and other disciplines that are olympic.
If you’ve been a devout follower of canoe slalom or handball and think you realize significantly more than Vegas, now might end up being the time for you to place a wager.
For the rest of the country outside of Nevada edges, daily fantasy sports operators are offering a smattering of competitions.
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 into the all-important swing state of Nevada, where she spent a considerable number of her time decrying Trump’s business record and general disposition.
Hillary Clinton invested lots of time going after Donald Trump while campaigning in Nevada. Latest polls show her offensive attack, along with a devastating week for her opponent, is working. (Image: Andrew Harnik/AP)
Showing up before a vegas audience on 4, Clinton called Trump ‘temperamentally unfit’ to be president august. She also attacked their business record both in Atlantic City and nevada.
‘I went to Atlantic City and I also met a number of small businesses, also as workers, plumbing technicians and painters, glass installers, marble installers, at one of his true resorts. They finished the work . . . and they submitted their bill, and also the Trump people said, ‘No, we’re perhaps not going to pay you,” Clinton stated.
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’s served in Congress representing Nevada since 1983, is pro-gambling, but has also expressed support for the Restoration of America’s Wire Act (RAWA), the gambling that is anti-online, an unusual stance in the 1st state to legalize Web poker in the us.
