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’s off the dining 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 New York offices this week.

The strike at the Taj is 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 proceeded on the normally profitable Independence Day parties and has shown 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 shall continue for ‘as long as it takes.’

Rightsized Benefits

Carl Icahn rescued the Taj from chapter 11 bankruptcy in 2014. The billionaire corporate raider and activist investor consented to take on nearly all its $286 million debt as part associated with the purchase agreement.

He also promised to make that debt into equity and to take a position within the property, but just if Atlantic City while the courts granted him the cessation that is temporary of retirement and healthcare benefits.

The courts complied, but now, with some indications of recovery into the Atlantic City casino sector, union workers want their advantages to reflect the uptick. Industry analysts have called the seaside resort’s quantity of gaming houses ‘rightsized,’ following the closures of several properties over the final few years. Local 54 claims its workers want their advantageous assets to be rightsized, too.

Demos Outside Trump’s Nyc 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 president that is potential trump who when stated that Icahn would create a great Secretary of the Treasury in his 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 fascination with the home. Trump got it in 1988, unfinished, for $230 million, but by the right time it absolutely was finished in 1990, construction costs had escalated to $1 billion.

He declared the house bankrupt later that year, after which again in 2004, and the union nevertheless blames him for Atlantic City’s woes.

‘Both Trump and Icahn took plenty of cash from this property, an incredible number of dollars that could have been used to rebuild it and provide good wages and advantages for employees,’ union spokesman Ben Begleiter told the Associated Press. ‘Now Trump thinks Icahn should be operating America’s economy. Then all of America’s workers are in some trouble. if that takes place,’

Aussie Pols Call for $1 Pokie Limits and Ban on TV Gambling adverts

Senator Nick Xenophon said that Australia’s parents are concerned by their children speaing frankly about odds instead of the game, a condition he puts down to gambling that is excessive during sports broadcasts. (Image:

Australia’s pokie devices should be limited by $1 per spin, while gambling advertising during sports 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 is certainly cause that is increasing concern about the gambling habits of its citizens.

The proliferation of pokies, or slots, since they are known somewhere else, is a hugely issue that is controversial Australia, along with valid reason.

There are five time more slot machines into the country, per capita, than there are in the usa, and meanwhile, recent studies demonstrate that Australians spend more per mind on gambling than other country in the world; twice as much as in america and three times just as much as 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.

Turnbull U-turn

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 formerly supported reform, now claims it’s up to the governments for the Australia’s states and territories to decide unique gambling laws. But Xenophon and Wilkie think he is fudging the matter.

‘ We will be planning a whole 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 state they truly are appalled their kids are speaking about … the chances of a game instead of the overall game it self.’

Untrustworthy Regulators

Wilkie added that the states had so far proved themselves to be ‘untrustworthy’ regulators, which designed that there was a case that is strong federal intervention.

‘The case is compelling, also it is extremely, extremely sad that until recently, parliamentarians never have seemed to care enough about the hurt caused by issue gambling; that parliamentarians are very happy to be completely out of step with the the greater part of this members associated with 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 Lucky Lady Casino at the previous home associated with 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 is like a citizen that is second-class.

Showing up 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 formerly afforded to the planned venue.

As reported in May, the Normandie Casino was closing after 75 years following the admission of guilt by the card club’s owners that money was laundered through the casino. Flynt bought the property earlier this month for an undisclosed price.

He’s planning to renovate the Normandie and rebrand it once the Lucky Lady. Together with his Hustler Casino, Flynt now owns two card clubs in the city located south of l . a ..

The council initially said it would provide tax that is substantial to Flynt. Nevertheless, City Manager Mitch Lansdell included a supply during the minute that is last now states Flynt must pay $800,000 30 days before any incentives apply. The town Council authorized the noticeable change by a vote of 3-1.

‘ In the 16 years we have been down there, I’ve paid the city $80.5 million in taxation revenue,’ Flynt sternly told the panel. ‘ We saved the populous city from bankruptcy. We’ve been paying the populous city payroll . . . and I don’t think anyone has done as much for the populous city and received so little.’

Not Lucky

Aside from Flynt’s frustration and anger throughout the council’s tax framework changes, he’s also at war with the city over their Lucky Lady branding. Flynt’s team offered a logo having a girl in a low-cut swimsuit with her legs draped over the ‘Y’ in Lucky.

Council member Tasha Cerda took offense.

‘we still believe this is offensive to females,’ Cerda stated. ‘For anybody that is not going into the casino, to see this image of a woman shaking her legs, scantily dressed, I just don’t think is good.’

But Flynt countered by saying the statutory law is on their side. Flynt referenced a landmark decision by former US Supreme Court Justice Antonin Scalia that warned governments not to ever attempt to legislate ‘taste.’

Ultimatum Delivered

Flynt says his plans to invest $60 million into the Normandie over the next four years are increasingly being placed on hold. The card club is a previous rival associated with the Hustler Casino once the two properties are lower than a mile apart.

Flynt had been ready to move forward with upgrading the Normandie following the council said he would receive tax incentives whenever his profits surpass $2 million a month.

Now guaranteed to be on the hook for $800,000 a flynt is walking away month.

‘A proposition that just a fool could sign, and we’m no fool,’ Flynt said. ‘I’ve never ever heard in my 50 several years of business, I’ve never ever, ever been aware of a deal like that.’

It’s uncertain if Lansdell and the Gardena City Council will need action to make renovating the Normandie more attractive to Flynt. The next scheduled conference 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 activities wagering, but the agency is being criticized by some for pursuing the small dudes instead of this multibillion-dollar operators. (Image: European Pressphoto Agency)

Interpol arrested significantly more than 4,100 individuals and seized some $13.6 million from unlawful sports gambling rings during this summer’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 competition.

Dubbed ‘Operation SOGA VI’ and ‘Aces,’ the two stings involved over 4,000 raids by police. Prohibited 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 produces massive profits for arranged crime networks which are generally linked to corruption, human trafficking and money laundering,’ said Jim Anderson, associate manager of Interpol’s Anti-Corruption and Financial Crimes device. ‘The successes of Operations SOGA and Aces would not were achieved without global information sharing and the significant efforts by the law enforcement authorities on the floor.’

Massively Popular, Massively Corrupt

Football, or soccer as it’s more commonly understood in the states, is the most popular sport in the planet. The game is estimated to own 3.5 billion fans that actively watch, follow, or play soccer.

Its appeal that is vast makes ideal for rogue criminal syndicates. Even though soccer takes a backseat to football that is american the usa, it generally 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 network out of his villas at Caesars Palace in vegas. Though he was later acquitted as tactics utilized by investigators were highly questionable, the instance highlighted the enduring dangers of illegal activities betting.

The federal government wins over 90 % of the criminal cases it files, but it flopped on Phua.

Ongoing Problem

‘Operation SOGA VI’ was the SOGA that is sixth operation by Interpol since it began centering on criminal gambling in 2007. Up to now, Interpol states $53 million in money has been sized and over 3,400 illegal gambling dens have been halted.

According to Interpol, those detained had been responsible for facilitating $6.4 billion worth of bets.

While Interpol is patting itself on the back, not totally all specialists believe the agency is certainly going about it the way that is right.

‘Interpol is coordinating gambling that is anti-sport in Asia for years now, always with big arrest and seizure figures associated with the easy-to-detect smaller street operators,’ International Centre for Sport protection 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 police that is token look good, but tend to boost the mega illegal operators by eliminating the smaller ones.’

Eaton may have a valid point considering the FBI estimated Phua’s team had taken in $357 million in unlawful bets in 2014.

The United states Gaming Association claims People in the us 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 might not be something to celebrate.