Carl Icahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Must Resolve by Monday

Carl Icahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Must Resolve by Monday

Workers picketing the Trump Taj Mahal have actually until 5 pm ET on Monday, July 18 to accept a brand new medical offer, or it is off the dining 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 ny offices this week.

The strike at the Taj is 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 pension benefits.

Action continued on the normally lucrative Independence Day parties and has shown no signs of abating. Organizers have actually said the plan offered up by the casino’s management represents ‘a shadow’ of the health care benefits of other Atlantic City casino workers, and that industrial action shall continue for ‘as long since it takes.’

Rightsized Benefits

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

He also promised to show that debt into equity and to invest into the property, but only if Atlantic City while the courts granted him the cessation that is temporary of pension 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 amount of gaming houses ‘rightsized,’ following the closures of several properties on the final years that are few. Local 54 claims its workers want their advantages to too be rightsized.

Demos Outside Trump’s New York 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 whom as soon as stated that Icahn would create a great Secretary of the Treasury in their theoretical case. Icahn has not expressed any fascination with such a position, however.

Even though the Trump Taj Mahal still bears the name 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 property 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 a lot of money using this property, an incredible number of bucks that may have been accustomed 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 running America’s economy. If that happens, 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 kids discussing odds rather than the overall game, a disorder he puts down to extortionate gambling advertising during sports broadcasts. (Image:

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

The proliferation of pokies, or slots, since they are understood elsewhere, is a hugely issue that is controversial Australia, and with valid reason.

You can find five time more slot machines within the country, per capita, than you will find in the usa, and meanwhile, recent studies have shown that Australians spend more per mind on gambling than virtually any country on earth; twice around 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 previously supported reform, now says it’s up to your governments of this Australia’s states and territories to decide their own gambling laws and regulations. But Xenophon and Wilkie think he’s fudging the issue.

‘ We will be planning a whole series of measures, both in the parliament and outside the parliament, to deal with the matter of gambling reform and, in particular, one issue that has resonated through the community and that is in the dilemma of sports betting advertising,’ said Xenophon in parliament this week.

‘ So many parents have actually approached most of us to say they’ve been appalled their young ones are chatting about … the odds of a game in the place of the 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 strong case for federal intervention.

‘The case is compelling, and it is extremely, really sad that until recently, parliamentarians never have seemed to care enough about the hurt caused by problem gambling; that parliamentarians happen happy to be entirely out of step with the vast majority for the members associated with 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 his planned Lady that is lucky Casino the former home associated with 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 California 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 local board for voting against his Lucky Lady Casino indication and deciding to amend tax breaks formerly afforded to the planned location.

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 had been laundered through the casino. Flynt bought the home earlier this month for a price that is undisclosed.

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 la.

The council initially said it would provide substantial income tax breaks to Flynt. However, City Manager Mitch Lansdell added a supply at the last minute that now states Flynt must pay $800,000 per month before any incentives apply. The town Council authorized the modification 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 town from bankruptcy. We’ve been paying the populous city payroll . . . and I don’t think anyone has done as much for the populous town and received so little.’

Not Too Lucky

Apart from Flynt’s dissatisfaction and anger on 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.

‘we 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 simply don’t believe is good.’

But Flynt countered by saying the statutory law is on their part. Flynt referenced a landmark decision by former US Supreme Court Justice Antonin Scalia that warned governments to not try 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 rival that is former of Hustler Casino because the two properties are significantly less than a mile apart.

Flynt ended up being ready to maneuver forward with upgrading the Normandie after the council said he would receive taxation incentives when his profits exceed $2 million per month.

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 within my 50 years of business, I’ve never, ever heard of a deal like that.’

It’s ambiguous if Lansdell and the Gardena City Council takes action to make renovating the Normandie more attractive to Flynt. The following scheduled conference is July 26.

Interpol Arrests Over 4,000 Individuals associated 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 associated with the multibillion-dollar operators. (Image: European Pressphoto Agency)

Interpol arrested more than 4,100 individuals and seized some $13.6 million from illegal sports gambling rings during come early july’s 2016 UEFA championship that is europeanEuro 2016).

The international law enforcement agency unveiled on July 18 so it carried out two operations during the football tournament that is month-long.

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 generates massive profits for prepared crime networks which are often associated with corruption, human trafficking and money laundering,’ stated Jim Anderson, associate manager of Interpol’s Anti-Corruption and Financial Crimes product. ‘The successes of Operations SOGA and Aces would perhaps not were achieved without global information sharing and the efforts that are significant regulations enforcement authorities on the ground.’

Massively Popular, Massively Corrupt

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

Its appeal that is vast makes ideal for rogue criminal syndicates. And while soccer has a backseat to American football in the US, it generally does not keep corruption at bay.

The notorious Paul Phua made lots of headlines in 2014 when he allegedly operated an illegal boiler-style gambling community out of their villas at Caesars Palace in Las Vegas. Though he was later acquitted as tactics utilized by investigators were very questionable, the full instance 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.

Ongoing Problem

‘Operation SOGA VI’ was the SOGA that is sixth operation by Interpol since it began focusing on unlawful gambling in 2007. To date, Interpol says $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 straight back, only a few specialists believe the agency is certainly going about it the right way.

‘Interpol has been coordinating gambling that is anti-sport in Asia for years now, always with big arrest and seizure numbers 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 online gambling operators 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 cutting out the smaller ones.’

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

The American Gaming Association claims People in america alone will bet nearly $139 billion illegally on sports in 2016. This is exactly why Interpol just intercepting $6.4 billion in bets over nine years may not be something to celebrate.

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