Carl Icahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Must Resolve by Monday
Workers picketing the Trump Taj Mahal have until 5 pm ET on Monday, July 18 to accept a brand new healthcare offer, or it’s off the table for good. That’s the word this from the Atlantic City casino’s owner, Icahn Enterprises week.
Striking union workers outside the Trump Taj Mahal in Atlantic City also demonstrated outside Donald Trump’s New York offices this week.
The strike at the Taj has been ongoing since July 1, when around 1,000 bar staff, chefs, porters, and cleaners, organized by Local 54 of the Unite-HERE union, walked off the premises in protest at the loss of healthcare and pension benefits friday.
Action continued on the Independence that is normally lucrative Day and has shown no indications of abating. Organizers have said the program offered up by the casino’s management represents ‘a shadow’ of the health care great things about other Atlantic City casino workers, and that industrial action will continue for ‘as long since it takes.’
Carl Icahn rescued the Taj from chapter 11 bankruptcy in 2014. The billionaire corporate raider and activist investor agreed to defend myself against nearly all its $286 million debt as part of the purchase agreement.
He additionally promised to make that debt into equity and to take a position in the property, but only if Atlantic City therefore the courts granted him the cessation that is temporary of retirement and health care advantages.
The courts complied, but now, with some indications of recovery in the Atlantic City casino sector, union workers want their advantages to mirror the uptick. Industry analysts have called the seaside resort’s wide range of video gaming houses ‘rightsized,’ following the closures of several properties within the final years that are few. Local 54 says its workers want their benefits to too be rightsized.
Demos Outside Trump’s Nyc Offices
This week, demonstrators headed for ny, and chants were heard outside of Donald Trump’s Manhattan offices. Icahn has announced their support for a potential president trump, whom as soon as said that Icahn would produce a great Secretary of the Treasury in his theoretical cabinet. Icahn have not expressed any curiosity about such a position, however.
Whilst the Trump Taj Mahal nevertheless bears the title associated with the presumptive GOP nominee that is presidential he not any longer has any financial fascination with the property. Trump bought it in 1988, unfinished, for $230 million, but by the time it had been finished in 1990, construction costs had escalated to $1 billion.
He declared the house bankrupt later that and then again in 2004, and the union still blames him for Atlantic City’s woes year.
‘Both Trump and Icahn took plenty of cash out of this property, millions of dollars that may have been used to reconstruct it and provide good wages and advantages for employees,’ union spokesman Ben Begleiter told the Associated Press bondibet casino slot games. ‘Now Trump thinks Icahn should be running America’s economy. Then all of America’s workers are in trouble. if that occurs,’
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 speaking about odds in the place of the game, an ailment he puts down to gambling that is excessive during sports broadcasts. (Image: interstaff.com)
Australia’s pokie devices should be limited by $1 per spin, while gambling advertising during sports broadcasts that would be viewed by minors must certanly be banned, say two influential politicians that are australian.
Longtime gambling opponents Senator Nick Xenophon and Tasmanian separate MP Andrew Wilkie are demanding tighter regulation of Australia’s gambling industry, in a country where there is certainly cause that is increasing concern about the gambling habits of its citizens.
The proliferation of pokies, or slots, as they are understood elsewhere, is a hugely controversial issue in Australia, along with valid reason.
You can find five time more slot machines into the country, per capita, than you can find in the usa, and meanwhile, recent studies show that Australians spend more per mind on gambling than other country worldwide; twice up to in america and three times up to in the united kingdom.
The growth of gambling has outpaced the growth of the Australian economy by 100 percent, while Australians plow around AU$11 billion into pokie machines annually in the last 12 months.
While Prime Minister Malcolm Turnbull’s government has relocated to ban in-play online betting in the country, more comprehensive reforms are compared by the influential Clubs Australia, an industry body representing 6,500 licensed social clubs across Australia, all of which rely on revenue from gambling.
Turnbull, who had formerly supported reform, now states it is up to the governments regarding the Australia’s states and territories to decide their own gambling rules. But Xenophon and Wilkie believe he is fudging the matter.
‘ We are arranging a entire series of measures, both in the parliament and outside the parliament, to deal with the issue of gambling reform and, in particular, one issue that has resonated throughout the community and that is on the problem of sports betting advertising,’ said Xenophon in parliament this week.
‘ So parents that are many approached all of us to say they’re appalled their children are talking about … the odds of a game rather than the overall game it self.’
Wilkie included that the states had thus far proved themselves to be ‘untrustworthy’ regulators, which designed that there was a case that is strong federal intervention.
‘The case is compelling, plus it is very, really sad that up until now, parliamentarians haven’t seemed to care enough about the hurt caused by problem gambling; that parliamentarians were happy to be totally away from action with the majority that is vast of members regarding the community who would like strong reform,’ stated Wilkie.
Larry Flynt Scolds Gardena City Council Over Casino Signage and Tax that is last-Minute Provision
The Gardena City Council isn’t laughing at Larry Flynt’s logo for their planned Lady that is lucky Casino the previous house 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 all things risqué says he feels like a citizen that is second-class.
Appearing before the Gardena City Council on July 12, the ‘Hustler’ publisher lashed away at the area board for voting against his Lucky Lady Casino sign and deciding to amend tax breaks previously afforded to the venue that is planned.
The Normandie Casino ended up being shutting after 75 years following the admission of guilt by the card club’s owners that money was laundered through the casino as Casino.org reported in May. Flynt bought the property earlier this thirty days for an undisclosed price.
He’s planning to renovate the Normandie and rebrand it while the Lucky Lady. Together with his Hustler Casino, Flynt now owns two card clubs within the city located south of l . a ..
The council initially said it would provide substantial tax breaks to Flynt. However, City Manager Mitch Lansdell added a supply at the eleventh hour that now states Flynt must spend $800,000 30 days before any incentives apply. The City Council approved the change by a vote of 3-1.
‘ In the 16 years we’ve been down here, I’ve paid the city $80.5 million in taxation revenue,’ Flynt sternly told the panel. ‘ We saved the city from bankruptcy. We’ve been paying the city payroll . . . and I don’t think anyone has done as much for the populous town and received so little.’
Not So Lucky
Apart from Flynt’s disappointment and anger over the council’s tax framework changes, he’s also at war with the town over his Lady that is lucky branding. Flynt’s team provided a logo having a girl 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 that is maybe not going into the casino, to see this image of a woman shaking her legs, scantily dressed, I just don’t believe is good.’
But Flynt countered by saying the statutory legislation is on their side. Flynt referenced a landmark decision by former US Supreme Court Justice Antonin Scalia that warned governments to not try 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 former rival for the Hustler Casino as the two properties are lower than a mile aside.
Flynt was ready to move forward with upgrading the Normandie after the council said he would receive income tax incentives whenever his revenues surpass $2 million 30 days.
Now guaranteed to be on the hook for $800,000 a flynt is walking away month.
‘A proposal that only a fool could sign, and I’m no fool,’ Flynt said. ‘I’ve never ever heard in my own 50 several years of business, I never, ever heard about a deal like that.’
It’s confusing if Lansdell and the Gardena City Council will need action to make renovating the Normandie more attractive to Flynt. The next meeting that is scheduled July 26.
Interpol Arrests Over 4,000 Individuals Involved in Illegal Betting During Euro 2016 Football Tournament
Interpol is continuing its crusade against illegal activities wagering, but the agency is being criticized by some for seeking the little guys instead regarding the multibillion-dollar operators. (Image: European Pressphoto Agency)
Interpol arrested a lot more than 4,100 individuals and seized some $13.6 million from unlawful sports gambling rings during come july 1st’s 2016 UEFA European Championship (Euro 2016).
The international law enforcement agency unveiled on July 18 so it carried out two operations during the month-long football tournament.
Dubbed ‘Operation SOGA VI’ and ‘Aces,’ the two 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 bets.
‘Illegal gambling generates massive profits for prepared crime networks which are generally connected to corruption, human trafficking and money laundering,’ said Jim Anderson, associate director of Interpol’s Anti-Corruption and Financial Crimes product. ‘The successes of Operations SOGA and Aces would perhaps not are achieved without global information sharing and the efforts that are significant the law enforcement authorities on the bottom.’
Massively Popular, Massively Corrupt
Soccer, or soccer as it’s more commonly understood in the usa, is considered the most sport that is popular the planet. The game is estimated to possess 3.5 billion fans that watch, follow actively, or play soccer.
Its vast appeal makes it ideal for rogue criminal syndicates. Even though soccer has a backseat to football that is american the US, it does not keep corruption at bay.
The notorious Paul Phua made a lot of headlines in 2014 when he presumably operated a boiler-style that is illegal network out of his villas at Caesars Palace in Las Vegas. Though he was later acquitted as tactics utilized by investigators were very questionable, the case highlighted the enduring potential risks of illegal recreations betting.
The government that is federal 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. To date, Interpol states $53 million in money has been sized and over 3,400 gambling that is illegal have actually been halted.
According to Interpol, those detained were responsible for assisting $6.4 billion worth of bets.
While Interpol is patting itself in the back, not all specialists believe the agency goes 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 figures of the easy-to-detect smaller street operators,’ International Centre for Sport Security Integrity Director Chris Eaton said in a statement.
‘The big organized online gambling operators turning over billions . . . escape this attention,’ Eaton declared. ‘Small-scale and police that is token look good, but tend to enhance the mega illegal operators by eliminating the smaller ones.’
Eaton might 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 Us citizens alone will bet nearly $139 billion illegally on sports in 2016. That is why Interpol only intercepting $6.4 billion in bets over nine years might not be one thing to commemorate.