Carl Icahn Files Closing Paperwork for Trump Taj Mahal

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Carl Icahn wasn’t joking about closing the Trump Taj Mahal casino in Atlantic City.

Icahn will be chalking up the ‘investment’ as being a $100 million loss.

Thousands of jobs will be lost and the livelihoods of many families will be thrust into jeopardy.

It’s strike three for the Local 54 union at the Trump Taj Mahal, as Carl Icahn is moving forward with shutting the resort.

Members associated with the Unite Here neighborhood 54 union walked off the job on July 1 in protest of wellness and pension benefits. Following per month of much picketing but negotiating that is little Icahn announced his plans to shutter the house this fall.

There was some hope that the two sides could come together and avoid Atlantic City’s fifth casino closure since 2014. But on 2, Icahn made his move official september.

In newly released documents from the latest Jersey Division of Gaming Enforcement (DGE), Icahn’s company states, ‘As a total consequence of the ongoing regional 54 hit and the vast amounts that it has cost the Taj Mahal, Trump Entertainment Resorts (TER) no longer sees a road to profitability.’

Noon Check-out

DGE regulations require casinos to detail their closing plans. Owners must explain just how liquor that is unused be discarded or sold, and whether the gambling machines are utilized in a new casino or be kept elsewhere.

Casino chips must be properly disposed also.

The Trump Taj Mahal will continue arrival that is accepting until Saturday, October 8. All guests must checkout of the resort by 12 noon the day that is following.

The casino and resort will formally shut at 5:59 am on October 10 monday.

Taj Gift cards, credit, comp dollars, vouchers, and other promotional provides will all be rendered null and void on October 10.

Union Strikeout

The Trump Taj Mahal was built in 1990 at a price of $1 billion. Billed by Donald Trump as the ‘eighth wonder worldwide,’ the now-GOP presidential candidate offered their Atlantic City interests in ’09 amid their casino company’s bankruptcy and restructuring.

Trump sold TER up to a hedge fund in 2009. After TER once again fell into bankruptcy, Icahn bought the hospitality and gaming company in 2016.

A bankruptcy court allowed Icahn to cancel particular benefits for Taj workers as he bought the casino that is bankrupt in March. He told the union that he required more time before restoring benefits for their previous levels.

In addition to the renovation of their medical and pension advantages, regional 54 striking bartenders, wait staff, cooks, and housekeeping service members also demanded increased hourly wages.

Icahn said it wasn’t feasible. That angered union officials who remarked that Icahn may be worth tens of bucks.

‘ For the few million bucks, he could have had labor peace and a work that is content,’ Unite right Here Local 54 President Bob McDevitt said. ‘ But rather he’d rather slam the home shut.’

Icahn states he stands to lose $100 million on the Trump Taj Mahal.

‘McDevitt august has proven over and over that he has no regard for the truth,’ Icahn said in late. ‘ The best thing that could happen for Atlantic City could be for McDevitt to go out of, and I’d cheerfully purchase him a one-way plane admission and pay his moving costs.’

RAWA Supporters Chaffetz and Adelson Find Common Ground in Politics and Web Security

Utah Representative Jason Chaffetz (R) and Las Vegas Sands CEO Sheldon Adelson (also definitely a Republican) possess some connective muscle when it comes with their views on who they wish becomes the next United States president. Each can be focused in slightly directions that are different however their six quantities of separation whenever it comes to their vision for America going forward makes them governmental bedfellows nonetheless.

The FBI got served this week by Rep. Jason Chaffetz of Utah regarding the grounds that the agency needs to turn over all documents concerning its research of Hillary Clinton’s emails. (Image: Committee on Oversight & Government Reform)

Adelson has outright come out in support of Donald Trump, donating a reputed $100 million via a super PAC to the fellow billionaire’s campaign efforts. While Chaffetz’ support may be somewhat more reluctant, their unbridled hatred for Democratic opponent Hillary Clinton has forced him to back the casino mogul that is former.

‘. . . [it’s a] no-brainer for me,’ said Chaffetz back in May, also before Trump’s nomination was sealed up. ‘Hillary Clinton as president is a very scary scenario, so I do believe the country will see it the exact same way. [Trump] wasn’t my first option, but my # 1 goal would be to not allow Hillary Clinton to become the next president of america.’

Home of Guards

To that particular end, Chaffetz has no intention of letting Clinton’s ongoing e-mail debacle fade away.

During your House Committee on Oversight and Government Reform’s hearing this week, Chaffetz asked FBI legislative liaison Jason Herring if the FBI will turn all documents over to your committee relating to the agency’s investigation of Hillary Clinton’s individual email server. When Herring said he could maybe not make that commitment, Chaffetz issued a subpoena immediately.

‘I’m going to issue a subpoena, and I’m going doing it at this time,’ Chaffetz, who chairs the committee, said. ‘I’ve signed this subpoena . . . we would such as the file that is full. You can accept service on behalf of the FBI?’

‘Certainly,’ Herring answered.

‘You are hereby served,’ Chaffetz declared.

Once known in the video gaming community simply as billionaire casino bigwig Adelson’s congressional RAWA puppet, Chaffetz has quickly become enemy # 1 associated with the FBI. The Oversight’s meeting this titled ‘Classifications and Redactions in FBI’s Investigative File,’ was for federal agencies to explain why their reports to Congress came with substantial redactions and omissions of evidence week.

The Utah congressman introduced the Restoration of America’s Wire Act (RAWA), the gambling that is anti-online, right back in February of 2015. The measure has largely failed to gain any traction in either branch of Congress, nonetheless it’s unlikely Adelson will allow it to die, having vowed to ‘spend whatever it takes’ to notice it pass.

The reality, and Everything But the reality

Chaffetz thinks Clinton might have put America at risk by hosting classified information on unsecured email servers.

Ironically, one of RAWA’s main arguments is the fact that the world wide web cannot be properly secured or controlled, and therefore online casinos cannot adequately protect against underage gambling, money laundering, and other illegal tasks.

In July, Chaffetz’ Oversight Committee grilled FBI Director James Comey, aswell as US Attorney General Loretta Lynch, how the FBI came to the conclusion they would forego recommending criminal charges against the Democratic candidate.

Chaffetz described himself at that time as being a ‘kid in a candy store’ while interrogating Comey. He asked why Clinton, whom testified under oath it found evidence to the contrary that she didn’t send or receive classified information on her private server, wasn’t charged when the FBI admitted.

Comey deflected by explaining that the FBI found no intent on Clinton’s component to provide statements that are false. Chaffetz responded, ‘It’s reasonable to believe that the secretary of state would get classified information every moment! She actually is not the relative mind of seafood and wildlife!’

Lynch appeared ahead of the committee the following week, but provided little further understanding.

‘having less clarity you give this body is pretty stunning,’ Chaffetz told the usa Attorney General.

Not Permitting Up

One of the things Chaffetz and other gambling that is anti-online Adelson share is a determination to dig in and perhaps not let it go.

Worth an estimated $30 billion and now 83-years-old, Adelson is showing no signs of slowing down. The Las vegas, nevada Sands founder continues to stress Chaffetz into the homely house, and Sen. Lindsey Graham (R-South Carolina) within the Senate, to push through RAWA.

Adelson is busier than your typical senior citizen. Their business exposed its $2.5 billion resort that is parisian Macau on Tuesday, and he’s additionally actively trying to bring professional football to nevada. But while he believes it’s time for the NFL to embrace sports betting, he isn’t nearly as enthusiastic about the prospect of day-to-day dream sports (DFS) online.

‘I think [DFS] exploits the indegent,’ Adelson told Yahoo Finance recently. ‘I can make money within an way that is honest as being a kind of entertainment. But why do it is needed by me, the fantasy sports? I do believe it’s immoral.’

NCAA Moves Seven Championships From North Carolina Over ‘Civil Rights Protections’

North Carolina’s position on bathrooms has flushed seven NCAA national championship events out from the state. NCAA President Mark Emmert says the competitions will be moved to more ‘respectful’ environments. (Image: LM Otero/Associated Press)

The NCAA is moving seven championship that is national from North Carolina because of the state’s legislation that mandates people use public restroom facilities that correspond with the sex that is noted on their birth certificates.

Vermont’s House Bill 2, popularly known as the https://myfreepokies.com/dolphin-treasure/ ‘Public Facilities Privacy & Security Act,’ was passed in the continuing state legislature in March. The statute prohibits homosexual, bisexual, transgender, genderqueer, and intersex individuals from utilizing the gender bathroom they many closely identify with.

The legislation is highly controversial. The Department of Justice sued North Carolina Governor Pat McCrory (R) in May on grounds that HB2 violates multiple laws that are federal the Civil Rights Act.

‘Fairness is all about more than the chance to engage in college sports, or compete for championships even,’ NCAA President Mark Emmert said in a statement. ‘ We rely on providing a safe and respectful environment at our events and are committed to providing the best experience feasible for college athletes, fans and everyone participating within our championships.’

Hosting national championships is big business for state and regional economies. The sporting contests can boost revenues at also casinos.

Glendale, Arizona, estimated its web hosting of the NCAA College Football National Championship in January generated a economic effect of $300 million and 60,000 resort visitor room nights. The Desert Diamond West Valley Casino started just weeks prior to the big game to just take benefit of the influx of tourists towards the Phoenix area.

Substantial Impact

The financial loss is still considerable though none of the canceled events carry the marquee of hosting the NCAA College Football Playoff National Championship.

The seven NCAA championship activities going are:

Cary, NC

2016 Division I Women’s Soccer Championship

2017 Division III Men’s and Women’s Tennis Championships

2017 Division I Women’s Lacrosse Championship

2017 Division II Baseball Championship

Greensboro, NC

2016 Division I Men’s Basketball Championship, first/second rounds

2016 Division III Men’s and Women’s Soccer Championships

Greenville, NC

2017 Division I Ladies’ Golf Championship

Vermont Attorney General Roy Cooper states it is the right time to repeal HB 2. ‘Enough is enough,’ Cooper said in statement. ‘ We have to repeal this law and get our state back on track.

But North Carolina Republic Party spokeswoman Kami Mueller said the NCAA’s outrage is unwarranted and hypocritical.

‘I genuinely enjoy the NCAA merging all males’s and ladies’s teams together as singular, unified, unisex teams,’ Mueller stated. ‘in the event that you are unwilling to have females’s bathrooms and locker rooms, how can you’ve got a women’s team?’

NCAA’s Way or the Highway

Even though the NCAA undoubtedly has every right to host its competitions wherever it views fit, the organization does present an attitude of ethical superiority that is criticized by some.

The college sports body that is governing adamantly against sports betting and recently won a lawsuit against nj that prevents the state from legalizing gambling on athletics. The NCAA also opposes fantasy that is daily (DFS).

DraftKings and FanDuel, the two DFS that are leading in the US, removed college contests from their platforms in March.

The NCAA is a not-for-profit organization, meaning it doesn’t pay fees on most of its income. In 2015, the NCAA created about $1 billion in revenue.

Players have actually advocated for some sort of compensation in the past few years, but to date the NCAA has won those lawsuits also.


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