Show MenuHide Menu

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

marzo 12, 2020

Carl Ic<span id="more-9684"></span>ahn-Owned Trump Taj Mahal Gives Workers Final Strike Ultimatum, Should Resolve by Monday

Workers picketing the Trump Taj Mahal have actually until 5 pm ET on Monday, July 18 to accept a healthcare that is new, or it’s off the dining table once and for all. 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 nyc offices this week.

The strike during the Taj was ongoing since Friday, July 1, when around 1,000 bar staff, chefs, porters, and cleaners, organized by Local 54 of the Unite-HERE union, stepped off the premises in protest at the loss of medical and pension benefits.

Action proceeded over the Independence that is normally lucrative Day and indicates no signs of abating. Organizers have said the program offered up by the casino’s management represents ‘a shadow’ of the medical advantages of other Atlantic City casino workers, and that industrial action will 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 agreed to battle the majority of its $286 million debt as part associated with the purchase agreement.

He also promised to show that debt into equity and to take a position in the property, but only if Atlantic City and also the courts granted him the short-term cessation of worker pension and healthcare benefits.

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

Demos Outside Trump’s Ny Offices

This demonstrators headed for the Big Apple, and chants were heard outside of Donald Trump’s Manhattan offices week. Icahn has declared his support for a potential president trump, whom as soon as stated that Icahn would make a great Secretary of the Treasury in their theoretical case. Icahn hasn’t expressed any interest in such a position, however.

Whilst the Trump Taj Mahal still bears the name for the presumptive GOP nominee that is presidential he no further has any financial curiosity about the property. Trump got it in 1988, unfinished, for $230 million, but by the time it turned out finished in 1990, construction expenses 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 cash out of this property, millions of bucks which could have been used to rebuild it and provide wages that are good benefits for workers,’ 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 trouble. if that happens,’

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 talking about chances as opposed to the overall game, a disorder 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 might be viewed by minors must certanly 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 increasing cause for 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, along with good reason.

There are five time more slot machines into the country, per capita, than you will find in america, and meanwhile, recent studies have shown that Australians spend more per head on gambling than virtually any country worldwide; twice up to in the US and three times as much as in the UK.

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 says it is up to the governments of this Australia’s states and territories to decide their very own gambling legislation. But Xenophon and Wilkie think he is fudging the issue.

‘ We will be arranging a entire series of measures, both in the parliament and beyond your parliament, to deal with the issue of gambling reform and, in particular, one issue that has resonated through the entire community and that is regarding the problem of sports advertising that is betting’ said Xenophon in parliament this week.

‘ So parents that are many approached each of us to state they’re appalled their young ones are chatting about … the odds of a game in the place of the game itself.’

Untrustworthy Regulators

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

‘The case is compelling, also it is quite, extremely sad that up until now, parliamentarians have not did actually care bondibet casino code bonus enough about the hurt caused by issue gambling; that parliamentarians have been thrilled to be completely away from 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 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 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 California the purveyor of all 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 down at the local board for voting against his Lucky Lady Casino sign and deciding to amend tax breaks formerly afforded to the venue that is planned.

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 as reported in May. Flynt bought the home earlier this month for an undisclosed price.

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 substantial income tax breaks to Flynt. Nevertheless, City Manager Mitch Lansdell added a supply at the minute that is last now states Flynt must spend $800,000 30 days before any incentives apply. The City Council approved the noticeable modification by a vote of 3-1.

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

Not Too Lucky

Apart from Flynt’s dissatisfaction and anger over the council’s tax structure changes, he’s also at war with the city over his Lady that is lucky branding. Flynt’s team offered a logo having a girl in a swimsuit that is low-cut her legs draped over the ‘Y’ in Lucky.

Council member Tasha Cerda took offense.

‘we still believe this is unpleasant to females,’ 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 think is good.’

But Flynt countered by saying the statutory legislation is on his part. Flynt referenced a landmark choice by former US Supreme Court Justice Antonin Scalia that warned governments to not make an effort to legislate ‘taste.’

Ultimatum Delivered

Flynt says 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 previous rival regarding the Hustler Casino as the two properties are lower than a mile apart.

Flynt had been ready to go forward with upgrading the Normandie after the council said he would receive taxation incentives whenever 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 just a fool could sign, and we’m no fool,’ Flynt said. ‘I’ve never heard in my 50 several years of business, I never ever, ever heard of a deal like that.’

It’s confusing if Lansdell and the Gardena City Council will take action to make renovating the Normandie more appealing to Flynt. The following scheduled meeting 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 sports gambling, but the agency is being criticized by some for pursuing the small guys instead of this multibillion-dollar operators. (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 European Championship (Euro 2016).

The international legislation enforcement agency unveiled 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. Illegal 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 planned crime networks which are generally associated with corruption, human trafficking and money laundering,’ stated Jim Anderson, associate director of Interpol’s Anti-Corruption and Financial Crimes Unit. ‘The successes of Operations SOGA and Aces would perhaps not were achieved without global information sharing and the significant efforts by the law enforcement authorities on the bottom.’

Massively Popular, Massively Corrupt

Football, or soccer as it’s more commonly understood in the us, is considered the most sport that is popular the entire world. The game is estimated to have 3.5 billion fans that earnestly view, follow, or play soccer.

Its appeal that is vast makes ideal for rogue criminal syndicates. And even though soccer takes a backseat to football that is american the usa, it doesn’t keep corruption at bay.

The notorious Paul Phua made an abundance of headlines in 2014 when he presumably operated an illegal boiler-style gambling network out of his villas at Caesars Palace in vegas. Though he was later acquitted as tactics used by investigators were extremely questionable, the case highlighted the enduring problems of illegal sports betting.

The federal government wins over 90 per cent 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 centering on unlawful gambling in 2007. To date, Interpol claims $53 million in cash has been sized and over 3,400 gambling that is illegal have 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 straight back, not absolutely all professionals believe the agency is going about it the right way.

‘Interpol happens to be 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 safety 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 token police operations look good, but have a tendency to boost the mega illegal operators by eliminating small ones.’

Eaton could have a point that is valid the FBI estimated Phua’s team had taken in $357 million in illegal 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 only intercepting $6.4 billion in bets over nine years is probably not something to commemorate.