Trump T<span id="more-15869"></span>aj Mahal Revised Casino Union Offer Rebuffed by Carl Icahn, as New Jersey on line Outpaces on Land

At 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, and other service workers stepped off the job on July 1, demanding greater hourly wages and the renovation of health and pension benefits that disappeared throughout 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 local employees union striking at 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. After months 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 plans to permanently close the casino on October 10.

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

‘[Union president] Bob McDevitt while 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 closure for Icahn, and also the Tropicana is additionally under Icahn’s ownership.

‘If McDevitt cared even one iota in regards to the future of the employees he would have allowed them to vote on the proposal we offered five weeks ago based on his guidelines, which we believe may have saved the Taj,’ Rodio concluded.

The 20 Percent

With a lot of money estimated to be well worth $16 billion, Icahn is certainly one of the wealthiest individuals on the planet. The union in Atlantic City believes he reached that known level by searching for himself first and foremost.

‘Carl Icahn has brought hundreds of millions of dollars out of Atlantic town,’ McDevitt stated this thirty days. ‘It has been nothing but the usual ‘my way or the highway’ from Carl Icahn. That is not attempting to reach an agreement; that’s punishing people that are working 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 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 approximately 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 handled 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 place that is surprising on the web.

dolphin treasure free slots

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 huge difference originates from Internet casinos surging 31.7 percent through June.

The so-called ‘ninth casino’ taken in nearly $95 million, more than land-based Resorts ($79.7 million) therefore the Taj Mahal ($85.2 million). And also 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’s detrimental to casino workers 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 us Gambling Company 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 potential deal having a major casino in america become finalized. (Image: businesspost.ie)

The United Kingdom’s GAN, formerly GameAccount Network, hinted to the public this week it’s using a major gambling business in the United States on developing an oversees on-line casino. GAN CEO Dermot Smurfit said he hopes to create an official statement on the news before the entire year concludes.

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

On the web gambling stays illegal in 47 of the 50 states. While there’s theoretically nothing that prevents a casino that is american-based partnering having a business abroad to offer online games where it’s legal, the main operators have prevented doing so.

Erring on the side of caution is a good move whenever it comes down 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 encountering 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 handle the US that is unidentified gaming goes through, GAN would supply the software and technology and the casino company would simply wrap the web site featuring its branding.

GAN is a business-to-business turnkey gaming systems provider and one of the biggest interactive casino software companies in the entire world.

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

‘ This will be a big strategic move for us,’ Smurfit told the Irish circumstances. ‘The market hasn’t yet seen A us that is major land enter on the web 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 exists a laundry list of prospective suitors that might be revealed while the mystery celebration.

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

London has a complex Rock Café, as does Manchester. Native American teams would 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 isn’t 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 a week ago 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 irish businessman and banker, first purchased GAN just two years after the company ended up being founded.

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

Smurfit comes from an affluent family. Their father was an executive that is chief Powerflute Oyj, a Finland paper and packaging group, and currently serves as president of this European Corrugated Packaging Association in Brussels.

Smurfit is betting on Desmond snagging up a larger stake in GAN and also 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 percent on Tuesday (the London Stock market ended up being closed Monday).

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, nevertheless 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 athletes that are unidentified face serious disciplinary sanctions from both the International Olympic Committee (IOC) as well as the Olympic Council of Ireland (OCI).

Pat Ryan, the president for the Irish Amateur Boxing Association (IABA), says there is absolutely no conceivable method the duo gambled without once you understand they were in breach of participation agreements they signed prior to the Games.

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

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

It’s not known which sports the set 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 global world because it relates to the Olympics. Should it detect a betting that is irregular or suspicious activity, the IOC is notified.

Police Lineup

The fighting Irish didn’t perform perfectly 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 was 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 confusing whether the alleged gambling occurred before or throughout the actual Olympics. Considering activities gambling 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 organization that participates is the Remote Gambling Association, a business 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 just take the necessary action that is disciplinary’ Ryan explained.

Fortune associated with the Irish?

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

Not merely are two of the boxers the topics of a gambling investigation, but OCI President Pat Hickey is still in Rio on charges of improperly selling tickets. 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 remain in Rio and my solicitors will check out have the charges laid against me put aside as there’s absolutely no substantive evidence of any 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 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 key reason the two resorts are seeing their profits escalation 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 respectively up 1.62 per cent and 2.87 % through the first six months.

Yet again it’s the tried-and-true slots responsible for the gaming win increase.

Mohegan Sun reported slots revenue for the very first half the year had been $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 per cent gain for the resort.

While 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 percent at Mount Airy to $21 million.

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