After Long Union Fight, Trump Taj Mahal Ironically Closing on Labor Weekend day

After Long Union Fight, Trump Taj Mahal Ironically Closing on Labor Weekend day

The Trump Taj Mahal is mostly about to end up being the fifth Atlantic City casino to shut its doorways for good in 3 years. Its closure will signal a final end towards the Trump casino brand once and for all.

Union members protest outside the Trump Taj Mahal, which will close its doors on 4, 2016 september. Icahn Enterprises says it has lost $100 million on the venture.

In the midst of industrial action by members of the Unite Here Local 54 Union, who’ve been picketing the Taj for months, investor Carl Icahn has abadndoned the casino that is stricken will shutter it permanently on September 4.

That closure date strikes right in the exact middle of Labor Day, that will be a wild coincidence, or it might be a deliberate and final insult to the union, which Icahn blames for derailing his last-ditch try to save your self the Taj.

Icahn stepped in to rescue the casino in 2014, when its owners that are previous Trump Entertainment, declared bankruptcy. The billionaire raider that is corporate the bulk of its $286 million debt, which he had been ready to convert into equity.

Icahn additionally said he was ready to invest $100 million in the property, if, and only if, he were granted concessions that are certain the town. These included the cessation that is temporary of pension and healthcare advantages, which have get to be the focus of the squabble between Icahn Enterprises and the casino empl Læs videre “After Long Union Fight, Trump Taj Mahal Ironically Closing on Labor Weekend day”

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Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close

Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close

The Delaware land-based casino sector was struck hard by increased competition from brand new areas in neighboring states, as the newer and shinier casinos of Pennsylvania and Maryland outperform its three struggling, and highly taxed, racinos.

Dover Downs is Delaware’s biggest and just publicly traded racino, but high taxes that are domestic increased competition over the state line means hard times for the house plus the state’s two other racinos.

The sector, which comprises Harrington Raceway, Dover Downs, and Delaware Park, peaked in 2006, the Pennsylvania began issuing its first casino licenses, when slot revenues hit more than $650 million year. By 2016, slots and table revenues combined had plunged to $398 million.

Meanwhile, outfall from the brand new MGM National Harbor, which opened in Maryland year that is late last stands poised to be the final nail in the coffin. That property caused other casinos in Maryland and West Virginia to ramp up their own advertising drives, drawing even more customers away from Delaware’s ailing properties.

The three racinos cannot compete because they spend higher state taxes than their counterparts across the edge, and they are begging legislators for help.

Taxed From the Market

This the Delaware’s Video Lottery Advisory Council (VLAC) met to discuss the status of Diamond State’s three casinos week. The council is tasked with advising Læs videre “Delaware Brick-and-Mortar Casino Sector Advisory Board Holds State’s Fate, While Keeping Cards Close”

Hawaii Latest State to Crack Down on Sweepstakes Parlors

Hawaii Latest State to Crack Down on Sweepstakes Parlors

Hawaii: Sweepstakes devices such as this one have been seized in present raids by Honolulu police. (Image: KITV.com)

A place where one can go on a grand vacation to get away from their troubles for most Americans, Hawaii seems like an exotic destination. Unfortunately for the operators of sweepstakes cafes, the state has decided that it is not really a spot where they’re going to have the ability to conceal.

Hundreds of charges have been filed against the owners and operators of sweepstakes machines in a bust that is major Hawaii. A grand jury has came back an indictment that included 414 counts against three establishment owners and six additional employees, including unlawful charges of money laundering and gambling that is promoting.

Thus far, seven of the nine people charged have already been arrested. The 2 remaining people, Mike Miller and Mike Madali, are currently in the mainland United States. Officials say they shall be arrested on their return to Hawaii.

While the arrests and charges were sweeping, the Honolulu Police Department (HPD) has managed to make it clear that their investigation is far from over.

‘Those who have it in their establishments, it would be a good idea to eliminate them because after them,’ said HPD Major Jerry Inouye if they don’t, the HPD will be coming.

Federal Judge Declares Machines Illegal

The move comes after federal judge Leslie Kobayashi granted the town of Honolulu’s motion fo Læs videre “Hawaii Latest State to Crack Down on Sweepstakes Parlors”

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