Carl Icahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Should Resolve by Monday
Workers picketing the Trump Taj Mahal have until 5 pm ET on Monday, July 18 to accept a healthcare that is new, or it is off the table for good. That’s the word this week from the Atlantic City casino’s owner, Icahn Enterprises.
Striking union workers outside the Trump Taj Mahal in Atlantic City also demonstrated outside Donald Trump’s nyc offices this week.
The strike during the Taj has been ongoing since Friday, July 1, when around 1,000 bar staff, chefs, porters, and cleaners, organized by Local 54 of the Unite-HERE union, strolled off the premises in protest at the loss of medical and retirement benefits.
Action proceeded on the Independence that is normally lucrative Day and shows no indications of abating. Organizers have actually said the program offered up by the casino’s management represents ‘a shadow’ of the health care advantages of other Atlantic City casino workers, and that industrial action will continue for ‘as long as it takes.’
Carl Icahn rescued the Taj from chapter 11 bankruptcy in 2014. The billionaire raider that is corporate activist investor agreed to battle the majority of its $286 million debt as an ingredient associated with purchase agreement.
He also promised to make that debt into equity and to take a position into the property, but only if Atlantic City and the courts granted him the cessation that is temporary of pension and healthcare benefits.
The courts complied, but now, with some indications of recovery within the Atlantic City casino sector, union workers want their benefits to reflect the uptick. Industry analysts have called the seaside resort’s wide range of gaming houses ‘rightsized,’ following the closures of several properties over the last few years. Local 54 says its workers want their advantageous assets to too be rightsized.
Demos Outside Trump’s Ny Offices
This demonstrators headed for the Big Apple, and chants were heard outside of Donald Trump’s Manhattan offices week. Icahn has declared their support for a potential president trump, who once stated that Icahn would make a great Secretary of the Treasury in their theoretical case. Icahn have not expressed any curiosity about such a position, however.
Even though the Trump Taj Mahal still bears the title of the presumptive GOP nominee that is presidential he not any longer has any financial desire for the property. Trump bought it in 1988, unfinished, for $230 million, but by the right time it turned out completed in 1990, construction expenses had escalated to $1 billion.
He declared the house bankrupt later that year, and then again in 2004, and the union still blames him for Atlantic City’s woes.
‘Both Trump and Icahn took plenty of cash from this property, millions of bucks that could have been used to reconstruct it and provide wages that are good benefits for workers,’ union spokesman Ben Begleiter told the Associated Press. ‘Now Trump thinks Icahn should be operating America’s economy. If that occurs, then all of America’s workers are in trouble.’
Aussie Pols Call for $1 Pokie Limits and Ban on TV Gambling Ads
Senator Nick Xenophon said that Australia’s parents are concerned by their children speaing frankly about chances instead of the overall game, a condition he puts down to exorbitant gambling marketing during sports broadcasts. (Image: interstaff.com)
Australia’s pokie machines should be limited to $1 per spin, while gambling advertising during recreations broadcasts that might be viewed by minors must be banned, say two influential Australian politicians.
Longtime gambling opponents Senator Nick Xenophon and Tasmanian independent MP Andrew Wilkie are demanding tighter regulation of Australia’s gambling industry, in a country where there was increasing cause for concern about the gambling habits of its citizens.
The proliferation of pokies, or slots, since they are known somewhere else, is a hugely controversial issue in Australia, and with justification.
There are five time more slot devices within the country, per capita, than you will find in america, and meanwhile, recent studies show that Australians spend more per mind on gambling than some other country on earth; twice up to in america and three times as much as in britain.
In the last 12 months, the growth of gambling has outpaced the development of the Australian economy by 100 percent, while Australians plow around AU$11 billion into pokie machines annually.
An industry body representing 6,500 licensed social clubs across Australia, all of which rely on revenue from gambling while Prime Minister Malcolm Turnbull’s government has recently moved to ban in-play online betting in the country, more comprehensive reforms have been opposed by the influential clubs Australia.
Turnbull, who had previously supported reform, now claims it is up towards the governments associated with Australia’s states and territories to decide their particular gambling guidelines. But Xenophon and Wilkie think he is fudging the matter.
‘ We are planning a whole series of measures, both in the parliament and outside of the parliament, to deal with the issue of gambling reform and, in particular, one issue that has resonated through the entire community and that is on the issue of sports advertising that is betting’ stated Xenophon in parliament this week.
‘ So many moms and dads have actually approached every one of us to state they’re appalled their kids are chatting about … the chances of a game instead of the overall game it self.’
Wilkie added that the states had so far shown themselves to be ‘untrustworthy’ regulators, which meant that there was a strong case for federal intervention.
‘The case is compelling, also it is very, very sad that until recently, parliamentarians never have seemed to care enough about the hurt caused by issue gambling; that parliamentarians were thrilled to be totally away from action with the the greater part of the members of the community who desire strong reform,’ said Wilkie.
Larry Flynt Scolds Gardena City Council Over Casino Signage and Tax that is last-Minute Provision
The Gardena City Council is not laughing at Larry Flynt’s logo for his planned Lucky Lady Casino at the former home of the Normandie card club in California. (Image: Rex Features/Associated Press)
Larry Flynt has more money than 99.9 percent of US citizens, but in his home state of Ca the purveyor of things risqué says he feels like a citizen that is second-class.
Showing up before the Gardena City Council on July 12, the ‘Hustler’ publisher lashed out at the neighborhood board for voting against his fortunate Lady Casino sign and deciding to amend tax breaks formerly afforded to the venue that is planned.
As Casino.org reported in May, the Normandie Casino was closing after 75 years following the admission of guilt by the card club’s owners that money had been laundered through the casino. Flynt bought the home earlier this thirty days for a price that is undisclosed.
He’s planning to renovate the Normandie and rebrand it once the Lucky Lady. Along with his Hustler Casino, Flynt now owns two card clubs within the city located south of Los Angeles.
The council initially said it would provide substantial income tax breaks to Flynt. But, City Manager Mitch Lansdell added a provision during the minute that is last now states Flynt must pay $800,000 a month before any incentives apply. The town Council authorized the change by a vote of 3-1.
‘ In the 16 years we’ve been down there, I’ve paid the populous city $80.5 million in taxation revenue,’ Flynt sternly told the panel. ‘ We saved the populous city from bankruptcy. We have been paying the populous city payroll . . . and I don’t think anyone did just as much for the city and received so little.’
Aside from Flynt’s frustration and anger on the council’s tax framework changes, he’s also at war with the city over their Lady that is lucky branding. Flynt’s group presented a logo having a woman in a swimsuit that is low-cut her feet draped over the ‘Y’ in Lucky.
Council member Tasha Cerda took offense.
‘I nevertheless believe this is offensive to women,’ Cerda stated. ‘For anybody who’s not going into the casino, to see this image of a woman shaking her legs, scantily dressed, I just do not think is good.’
But Flynt countered by saying the statutory legislation is on his part. Flynt referenced a landmark choice by former US Supreme Court Justice Antonin Scalia that warned governments not to ever make an effort to legislate ‘taste.’
Flynt says his plans to invest $60 million into the Normandie over the next four years are being placed on hold. The card club is a rival that is former of Hustler Casino because the two properties are less than a mile apart.
Flynt was ready to go forward with upgrading the Normandie following the council said he would receive income tax incentives whenever his revenues exceed $2 million 30 days.
Now guaranteed to be on the hook for $800,000 a month, flynt is walking away.
‘A proposition that only a fool could sign, and I’m no fool,’ Flynt said. ‘I’ve never heard in my 50 several years of business, i have never, ever heard about a deal like that.’
It’s confusing if Lansdell and the Gardena City Council will require action to make renovating the Normandie more attractive to Flynt. The following meeting that is scheduled July 26.
Interpol Arrests Over 4,000 Individuals taking part in Illegal Betting During Euro 2016 Football Tournament
Interpol is continuing its crusade against illegal activities betting, but the agency is being criticized by some for going after the tiny dudes instead of the operators that are multibillion-dollar. (Image: European Pressphoto Agency)
Interpol arrested more than 4,100 individuals and seized some $13.6 million from unlawful sports gambling rings during come early july’s 2016 UEFA championship that is europeanEuro 2016).
The international law enforcement agency revealed on July 18 that it carried out two operations during the month-long football competition.
Dubbed ‘Operation SOGA VI’ and ‘Aces,’ the 2 stings involved over 4,000 raids by police. Illegal gambling operators were targeted in China, France, Greece, Italy, Malaysia, Singapore, Thailand, Vietnam, Cambodia, South Korea, and the Philippines.
Interpol believes those apprehended handled $649 million in wagers.
‘Illegal gambling generates massive profits for orderly crime networks which are often connected to corruption, human trafficking and money laundering,’ said Jim Anderson, associate director of Interpol’s Anti-Corruption and Financial Crimes Unit. ‘The successes of Operations SOGA and Aces would maybe not are achieved without global information sharing and the efforts that are significant what the law states enforcement authorities on the bottom.’
Massively Popular, Massively Corrupt
Soccer, or soccer as it’s more commonly known in the usa, is considered the most popular sport in the world. The game is estimated to own 3.5 billion fans that earnestly view, follow, or play soccer.
Its vast appeal causes it to be ideal for rogue criminal syndicates. And even though soccer has a backseat to American football in the united states, it does not keep corruption at bay.
The notorious Paul Phua made a good amount of headlines in 2014 when he presumably operated a boiler-style that is illegal community out of their villas at Caesars Palace in vegas. Though he was later acquitted as tactics utilized by investigators were extremely questionable, the instance highlighted the enduring potential risks of illegal activities betting.
The federal government wins over 90 per cent of the criminal cases it files, but it flopped on Phua.
‘Operation SOGA VI’ was the SOGA that is sixth operation by Interpol since it began concentrating on criminal gambling in 2007. Up to now, Interpol says $53 million in cash has been sized and over 3,400 gambling that is illegal have actually been halted.
According to Interpol, those detained had been responsible for facilitating $6.4 billion worth of bets.
While Interpol is patting it self in the straight back, not absolutely all specialists believe the agency is going about it the way that is right.
‘Interpol is coordinating anti-sport gambling operations in Asia for years now, always with big arrest and seizure numbers associated with easy-to-detect smaller street operators,’ International Centre for Sport safety Integrity Director Chris Eaton said in a statement.
‘The big organized gambling that is online turning over billions . . . escape this attention,’ Eaton declared. ‘Small-scale and token police operations look good, but have a tendency to boost the mega illegal operators by eliminating small ones.’
Eaton could have a point that is valid the FBI estimated Phua’s team had taken in $357 million in unlawful bets in 2014.
The American Gaming Association claims Americans alone will bet nearly $139 billion illegally on sports in 2016. That’s why Interpol only intercepting $6.4 billion in bets over nine years is probably not one thing to celebrate.