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

Carl Ic<span id="more-5590"></span>ahn-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 new medical offer, 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 nyc offices this week.

The strike at the Taj is 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 health care and pension benefits.

Action proceeded over the normally profitable Independence Day festivities and indicates no signs of abating. Organizers have said the plan offered up by the casino’s management represents ‘a shadow’ of the healthcare advantages of 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 raider that is corporate activist investor agreed to defend myself against nearly all its $286 million debt as an ingredient of the purchase agreement.

He additionally promised to make that debt into equity and to get within the property, but just if Atlantic City and also the courts granted him the cessation that is temporary of retirement and health care benefits.

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

Demos Outside Trump’s Nyc Offices

This week, demonstrators headed for new york, and chants were heard outside of Donald Trump’s Manhattan offices. Icahn has declared their support for a potential president trump, whom as soon as said 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.

While the Trump Taj Mahal still bears the name regarding the presumptive GOP presidential nominee, he no further has any financial desire for the home. Trump bought it in 1988, unfinished, for $230 million, but by the time it turned out finished in 1990, construction costs had escalated to $1 billion.

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

‘Both Trump and Icahn took a lot of cash out of this property, an incredible number of dollars that may have been accustomed reconstruct it and provide wages that are good advantages for workers,’ union spokesman Ben Begleiter told the Associated Press. ‘Now Trump thinks Icahn should be running America’s economy. Then all of America’s workers are in some trouble. if that occurs,’

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 dealing with odds in the place of the game, a condition he puts down to gambling that is excessive during sports broadcasts. (Image:

Australia’s pokie machines should be restricted to $1 per spin, while gambling advertising during recreations broadcasts that could be viewed by minors must be banned, say two influential Australian politicians.

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, sufficient reason for justification.

There are five time more slot devices in the country, per capita, than there are in the usa, and meanwhile, recent studies show that Australians spend more per head on gambling than other country worldwide; twice around in the usa and three times 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 your national governments associated with the Australia’s states and territories to decide unique gambling rules. But Xenophon and Wilkie think he could be fudging the problem.

‘ We are 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 entire community and that is regarding the problem of sports betting advertising,’ said Xenophon in parliament this week.

‘ So parents that are many approached all of us to say they truly are appalled their young ones are speaking about … the chances of a game in the place of the game itself.’

Untrustworthy Regulators

Wilkie added that the states had thus far shown themselves to be ‘untrustworthy’ regulators, which meant that there had been a strong case for federal intervention.

‘The case is compelling, and it is quite, really sad that up until now, parliamentarians haven’t seemed to care enough about the hurt caused by issue gambling; that parliamentarians happen thrilled to be entirely out of step with the vast majority of the members of this community who want strong reform,’ stated 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 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 things risqué says he feels as though a second-class resident.

Showing up before the Gardena City Council on July 12, the ‘Hustler’ publisher lashed away at the local board for voting against his happy Lady Casino sign and deciding to amend tax breaks formerly afforded to the venue that is planned.

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 property earlier this thirty days for a price that is undisclosed.

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 Los Angeles.

The council at first said it would provide tax that is substantial to Flynt. Nevertheless, City Manager Mitch Lansdell included a provision during the last minute that now states Flynt must spend $800,000 a month before any incentives apply. The City Council approved the noticeable 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 income tax income,’ Flynt sternly told the panel. ‘ We saved the populous city from bankruptcy. We have 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 frustration and anger within the council’s tax framework changes, he’s also at war with the town over their Lady that is lucky branding. Flynt’s group delivered a logo featuring a girl in a swimsuit that is low-cut her legs draped across the ‘Y’ in Lucky.

Council member Tasha Cerda took offense.

‘I still believe this is offensive to ladies,’ Cerda stated. ‘For anybody who’s 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 to not make an effort to legislate ‘taste.’

Ultimatum Delivered

Flynt claims his plans to invest $60 million into the Normandie over the next four years are increasingly being put on hold. The card club is a rival that is former of Hustler Casino due to the fact two properties are less than a mile apart.

Flynt had been ready to go forward with upgrading the Normandie following the council said he would receive income tax incentives whenever his revenues exceed $2 million a month.

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

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

It’s unclear if Lansdell and the Gardena City Council takes action to make renovating the Normandie more appealing to Flynt. The next scheduled meeting is July 26.

Interpol Arrests Over 4,000 Individuals Involved in Illegal Betting During Euro 2016 Football Tournament

Interpol is continuing its crusade against illegal sports gambling, but the agency is being criticized by some for going after the tiny dudes instead of this 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 unlawful sports gambling rings during come july 1st’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 month-long football tournament.

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 wagers.

‘Illegal gambling creates massive profits for organized crime networks which are often connected 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 perhaps not happen 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 usa, is the most sport that is popular the world. The game is estimated to own 3.5 billion fans that watch, follow actively, or play soccer.

Its vast appeal makes it ideal for rogue criminal syndicates. And even though soccer has a backseat to American football in the usa, it 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 system out of his villas at Caesars Palace in Las Vegas. Though he was later on acquitted as tactics utilized by investigators were very questionable, the full instance highlighted the enduring dangers of illegal recreations betting.

The government that is federal over 90 percent of the criminal cases it files, but it flopped on Phua.

Ongoing Problem

‘Operation SOGA VI’ was the sixth SOGA operation performed by Interpol since it began focusing on unlawful gambling in 2007. To date, Interpol says $53 million in cash has been sized and over 3,400 illegal gambling dens have actually been halted.

According to Interpol, those detained were responsible for assisting $6.4 billion worth of bets.

While Interpol is patting it self regarding the back, not all specialists believe the agency is going about it the right way.

‘Interpol was coordinating anti-sport gambling operations 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 declaration.

‘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 small ones.’

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

The American Gaming Association claims Americans 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 commemorate.