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 dining table once and for all. 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 was ongoing since Friday, July 1, when around 1,000 bar staff, chefs, porters, and cleansers, organized by Local 54 of the Unite-HERE union, stepped off the premises in protest at the loss of healthcare and pension benefits.
Action proceeded on the Independence that is normally lucrative Day and shows no indications of abating. Organizers have actually said the plan offered up by the casino’s management represents ‘a shadow’ of the medical great things about 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 corporate raider and activist investor consented to battle nearly all its $286 million debt as part of this purchase agreement.
He also promised to make that debt into equity and to take a position within the property, but only if Atlantic City plus 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 into 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 throughout the final few years. Local 54 claims its workers want their advantageous assets to too be rightsized.
Demos Outside Trump’s New York Offices
This week, demonstrators headed for new york, and chants were heard outside of Donald Trump’s Manhattan offices. Icahn has announced their support for A president that is potential trump whom when stated that Icahn would produce a great Secretary of the Treasury in his theoretical cabinet. Icahn has not expressed any interest in such a position, however.
While the Trump Taj Mahal still bears the title regarding the presumptive GOP presidential nominee, he not has any financial desire for the property. Trump got it in 1988, unfinished, for $230 million, but by the right time it absolutely was completed in 1990, construction expenses had escalated to $1 billion.
He declared the home bankrupt later that year, after which 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 dollars that could have been used to reconstruct it and provide good wages and advantages for workers,’ union spokesman Ben Begleiter told the Associated Press. ‘Now Trump thinks Icahn should be operating America’s economy. If that takes place, then all of America’s workers are in trouble.’
Aussie Pols Call for $1 Pokie Limits and Ban on TV Gambling advertisements
Senator Nick Xenophon said that Australia’s parents are concerned by their children dealing with chances instead of the game, an ailment he puts down to excessive gambling marketing during sports broadcasts. (Image: interstaff.com)
Australia’s pokie devices should be limited to $1 per spin, while gambling advertising during activities broadcasts that might be viewed by minors needs to be banned, say two influential politicians that are australian.
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 cause that is increasing concern about the gambling habits of its citizens.
The proliferation of pokies, or slots, because they are known somewhere else, is a hugely issue that is controversial Australia, sufficient reason for justification.
There are five time more slot machines in the country, per capita, than there are in the usa, and meanwhile, recent studies have shown that Australians spend more per mind on gambling than other country on the planet; twice up to in the US and three times up to in britain.
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 recently moved to ban in-play online betting in the country, more comprehensive reforms were opposed 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 previously supported reform, now says it is up to the governments associated with the Australia’s states and territories to decide their particular gambling guidelines. But Xenophon and Wilkie think he is fudging the problem.
‘ We will be arranging a entire 1xbet Ð·ÐµÑ€ÐºÐ°Ð»Ð¾ ÑÐµÐ³Ð¾Ð´Ð½Ñ series of measures, both in the parliament and outside of the parliament, to deal with the matter of gambling reform and, in particular, one issue that has resonated through the community and that is on the issue of sports betting advertising,’ said Xenophon in parliament this week.
‘ So parents that are many approached all of us to say they are appalled their young ones are talking about … the chances of a game as opposed to the overall game it self.’
Wilkie included 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 quite, really sad that until recently, parliamentarians haven’t appeared to care enough about the hurt caused by problem gambling; that parliamentarians happen thrilled to be completely out of action with the majority that is vast of members of the community who would like strong reform,’ said Wilkie.
Larry Flynt Scolds Gardena City Council Over Casino Signage and Last-Minute Tax Provision
The Gardena City Council isn’t laughing at Larry Flynt’s logo for their planned Lady that is lucky Casino the former house of this 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 as though a citizen that is second-class.
Appearing before the Gardena City Council on July 12, the ‘Hustler’ publisher lashed down at the local 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 was 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 a price that is undisclosed.
He’s planning to renovate the Normandie and rebrand it whilst the Lucky Lady. Along with his Hustler Casino, Flynt now owns two card clubs within the populous city located south of l . a ..
The council initially said it would provide tax that is substantial to Flynt. However, City Manager Mitch Lansdell added a provision during the eleventh hour that now states Flynt must spend $800,000 30 days 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 city from bankruptcy. We have been paying the city payroll . . . and I don’t think anyone has done the maximum amount of for the city and received so little.’
Aside from Flynt’s frustration and anger over the council’s tax structure changes, he’s also at war with the city over their Lucky Lady branding. Flynt’s group presented a logo having a woman in a low-cut swimsuit with her legs draped over the ‘Y’ in Lucky.
Council member Tasha Cerda took offense.
‘I nevertheless believe this is offensive to ladies,’ Cerda stated. ‘For anybody who’s 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 law is on his part. Flynt referenced a landmark decision by former US Supreme Court Justice Antonin Scalia that warned governments not to ever try to legislate ‘taste.’
Flynt claims their plans to invest $60 million into the Normandie over the next four years are now being put on hold. The card club is a former rival associated with the Hustler Casino while the two properties are significantly less than a mile aside.
Flynt had been ready to go forward with upgrading the Normandie following the council said he would receive taxation incentives whenever his revenues surpass $2 million per month.
Now guaranteed to be on the hook for $800,000 a month, flynt is walking away.
‘A proposal that only a fool could sign, and I’m no fool,’ Flynt said. ‘I’ve never heard in my own 50 several years of business, I’ve never ever, ever heard of a deal like that.’
It’s uncertain if Lansdell and the Gardena City Council will take action to make renovating the Normandie more attractive to Flynt. The following scheduled meeting is July 26.
Interpol Arrests Over 4,000 Individuals involved with Illegal Betting During Euro 2016 Football Tournament
Interpol is continuing its crusade against illegal recreations wagering, but the agency is being criticized by some for pursuing the tiny dudes instead for the operators that are multibillion-dollar. (Image: European Pressphoto Agency)
Interpol arrested a lot more than 4,100 individuals and seized some $13.6 million from illegal sports gambling rings during come july 1st’s 2016 UEFA European Championship (Euro 2016).
The international legislation enforcement agency revealed on July 18 that it carried out two operations during the football tournament that is month-long.
Dubbed ‘Operation SOGA VI’ and ‘Aces,’ the 2 stings involved over 4,000 raids by police. Prohibited gambling operators were targeted in China, France, Greece, Italy, Malaysia, Singapore, Thailand, Vietnam, Cambodia, Southern Korea, and the Philippines.
Interpol believes those apprehended handled $649 million in bets.
‘Illegal gambling yields massive profits for orderly crime networks which can be linked 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 happen achieved without global information sharing and the efforts that are significant the law enforcement authorities on the bottom.’
Massively Popular, Massively Corrupt
Football, or soccer as it’s more commonly known in the states, is considered the most popular sport in the entire world. The game is estimated to possess 3.5 billion fans that watch, follow actively, or play soccer.
Its vast appeal helps it be ideal for rogue criminal syndicates. And even though soccer requires a backseat to football that is american the united states, it does not keep corruption at bay.
The notorious Paul Phua made plenty 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 on acquitted as tactics utilized by investigators were extremely questionable, the full case highlighted the enduring potential risks of illegal recreations betting.
The federal government wins over 90 percent of the criminal cases it files, but it flopped on Phua.
‘Operation SOGA VI’ was the sixth SOGA operation performed by Interpol since it began concentrating on unlawful gambling in 2007. To date, Interpol states $53 million in cash has been sized and over 3,400 illegal gambling dens have been halted.
According to Interpol, those detained had been responsible for assisting $6.4 billion worth of bets.
While Interpol is patting itself regarding the back, only a few professionals believe the agency is certainly going about it the way that is right.
‘Interpol has been coordinating anti-sport gambling operations in Asia for years now, always with big arrest and seizure figures of this easy-to-detect smaller street operators,’ International Centre for Sport Security 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 tend to enhance the mega illegal operators by cutting out small ones.’
Eaton may have a point that is valid the FBI estimated Phua’s team had taken in $357 million in unlawful bets in 2014.
The United states Gaming Association claims Americans alone will bet nearly $139 billion illegally on sports in 2016. This is exactly why Interpol only intercepting $6.4 billion in bets over nine years may possibly not be one thing to celebrate.