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

Trump T<span id="more-12511"></span>aj Mahal Revised Casino Union Offer Rebuffed by Carl Icahn, as New Jersey on line Outpaces on Land

During the Trump Taj Mahal, the latest providing 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, along with other service employees walked from the job on July 1, demanding higher wages that are hourly the renovation of wellness and pension benefits that disappeared during 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 during the resort.

Icahn, who 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. After days of divisive picketing and a back-and-forth shouting match between union leaders and Icahn management, the billionaire decided to take a $100 million loss and now intends to permanently close the casino on October 10.

Unite Here saw the move as a bluff, and went back to the board that is drawing. This week the union presented a proposal that is new will reportedly only price Icahn $1.3 million a lot more than his previous offer. But Icahn will perhaps not budge.

‘[Union president] Bob McDevitt and the Taj bargaining committee haven’t any one 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, therefore the Tropicana is additionally under Icahn’s ownership.

‘If McDevitt cared even one iota about the future regarding the employees he’d have allowed them to vote in the proposal we offered five weeks ago based on his recommendations, which we believe could 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 had hundreds of millions of bucks away from Atlantic town,’ McDevitt said this thirty days. ‘It has been nothing but the usual ‘my way or the highway’ from Carl Icahn. That is not wanting to reach a contract; that’s punishing working people for standing up to injustice.’

It’s 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, no longer exist in the beachside resort. The Unite Here Local 54 attack 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 during the last two years, with a few analysts calling the loss ‘right-sizing.’

Almost all of the gamblers’ bankrolls is being wagered during the three Marina District resorts, and another perhaps more astonishing place: on line.

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

The so-called ‘ninth casino’ pulled in nearly $95 million, more than land-based Resorts ($79.7 million) therefore the Taj Mahal ($85.2 million). And the overhead of an casino that is online miniscule when compared to its land-based counterparts.

While that’s good for the gaming operators, it is detrimental to casino employees searching for work. As well as for now, it looks like a few thousand of those workers may be dealing with the vacation season without a paycheck that is steady.

GAN Suggests It’s Working Together With A us 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 on the means should a prospective deal having a major casino in the United States become finalized. (Image:

The uk’s GAN, formerly GameAccount Network, hinted to the general public this week that it is using a major gambling company in the United States on developing an oversees online casino. GAN CEO Dermot Smurfit said he hopes to help make an official statement on the news before the entire year finishes.

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

Online gambling stays unlawful in 47 of the 50 states. While there’s technically nothing that stops A american-based casino from partnering by having a company abroad to offer online games where it’s legal, the major operators have prevented 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 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 cope with the US that is unidentified gaming undergoes, GAN would provide you with the pc software and technology and the casino company would simply wrap the website featuring its branding.

GAN is just 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 % of our planet’s population.

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

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

There is a laundry list of potential suitors that might be revealed as the mystery celebration.

Though it is complete speculation, it’s crucial not to ever overlook the Seminole Tribe in Florida. Currently engulfed in a compact struggle with state lawmakers, the Seminoles own two Hard Rock casinos within the Sunshine State and own the Hard Rock Café string.

London has a rough Rock Café, as does Manchester. Indigenous 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 vegas Sands.

Major Casino, Major Investor

Along with the news that is big GAN might be teaming with A us operator, Smurfit’s media conference the other day had been 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 irish businessman and banker, first invested in GAN just two years after the company had been founded.

‘Dermot Desmond is the reason why my family members invested,’ Smurfit told the Irish Independent. ‘It was 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 had been we were trying to build.’

Smurfit comes from an affluent family members. Their father was a primary executive at Powerflute Oyj, a Finland paper and packaging group, and currently serves as president of the European Corrugated Packaging Association in Brussels.

Smurfit is betting on Desmond snagging up a larger stake in GAN while the company’s teasing of a prospective new online casino coming to Europe to bring yet additional investors to the business.

Nevertheless, shares of GAN dropped 0.94 % on Tuesday (the London Stock Exchange had been 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 for the Irish Amateur Boxing Association (IABA), says there is no way that is conceivable duo gambled without knowing they certainly were in breach of participation agreements they finalized just before the Games.

‘They have all attended numerous seminars. They are fully informed of the contract’s content,’ Ryan said on RTÉ’s ‘this. week’

‘All the Olympians have signed agreements and the agreements 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 perhaps not known which sports the pair 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 betting around the world as it relates to the Olympics. Should it identify an irregular betting pattern or suspicious activity, 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 the other in sailing.

Ireland planned to send eight boxers to Rio, but just seven made the trip after Michael O’Reilly ended up being 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 uncertain whether the alleged gambling happened before or through the actual Olympics. Considering sports 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 membership includes bookmaker that is irish Power.

The IOC’s investigation is ongoing.

‘ What we shall do is await the completion associated with IOC’s investigation . . . then we will be able to just take the necessary action that is disciplinary’ Ryan explained.

Luck of this Irish?

The weeks following the 2016 Olympics appear to be a bad hangover for the Irish.

Not only are a couple of of these boxers the subjects of a gambling investigation, but OCI President Pat Hickey continues to be 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 in Rio and my attorneys will go to have the charges laid against me personally set aside as there is no substantive proof any wrongdoing on my part. I’d like to thank the prison authorities for their kindness they have shown in my experience.’

Ireland’s scandalous Olympics wasn’t its first.

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

Pocono Casinos Enjoying Bountiful 2016 as Revenues Trend Up

Pocono gambling enterprises have done a job that is tremendous their slot machines occupied, while the games are the key 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 northeastern Pennsylvania region are posting higher total revenues across their gambling floors in 2016. Mohegan Sun Pocono and Mount Airy Casino Resort are correspondingly up 1.62 per cent and 2.87 percent through the first six months.

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

Mohegan Sun reported slots revenue for the initial 50 % of the 12 months had been $111 million, a five % increase 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 % at Mount Airy to $21 million.

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