Trump Plaza’s shutdown will signify as four Atlantic City casinos could be closed this year. (Image: Lisa Andres/Flickr)
The casino industry of Atlantic City is presently facing an unprecedented freefall. After several years of declining revenues, at least two casinos have already closed or plan to close in 2010, and another is facing a second bankruptcy in 2 yrs. And now, a fourth has stated that they also expect you’ll shut straight down in just a couple of months.
That is the apparent fate of the Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. As the owners reportedly said that the choice isn’t entirely final, employees had been to receive warnings regarding the expected closing on early in the day this week.
‘Although [the] review has not been completed and no ultimate decision has been made, the company expects that it will end the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014,’ the business told the Associated Press.
Trump Plaza Joins Other AC Closures
If the closure goes through as expected, the result could be that as many as a third of Atlantic City’s casinos could close down this year. In January, the Atlantic Club shuttered its doors, while the Showboat is likely to close in August. Meanwhile, the Revel happens to be in bankruptcy court for the 2nd time, and may potentially shut if a buyer for the prope Read more
Hsieh Yuan-hsin could be the main suspect in the kidnapping and murder of Shih Chia-chin. (Image: Taiwan police)
Taiwanese online gambling ringleader Shih Chia-chin may not be a household title in the world wide web betting community, but he was infamous in his home nation for the wealth he received by running his internet sites. Now, his kidnapping and murder have actually surprised the island nation. Shih’s body was discovered Sunday evening in Tainan County by police. He was allegedly murdered after being kidnapped by his chauffeur and a few others on August 18.
Chauffeur Abducted Shih at Airport
On that day, Shih was acquired at the Taoyuan airport near Taiwan by their chauffeur, Hsieh Yuan-hsin. Just three hours later, the accountant at Shih’s business received a phone call saying that Shih had been demanding and kidnapped a ransom of TW$50 million ($1.67 million). Shih’s family attempted to negotiate with the kidnappers, eventually agreeing to wire TW$30 million ($1 million) to three bank that is separate.
When the family still don’t hear from Shih, they contacted the authorities for assistance later that day. Hsieh apparently made a try to withdraw the transferred ransom quickly thereafter, but fled when he was asked to provide identification at the bank.
Hsieh Flees to Thailand
Despite efforts from prosecutors whom issued a warrant to bar him from leaving the country, Hsieh managed to board a flight to Thai Read more
Macau casinos’ gaming revenues were down for the third month that is consecutive August. (Image: TripAdvisor.com)
Macau casino revenues may not be as dazzling as in years past, but the Chinese enclave is in no risk of losing its position as the globe’s gambling hub that is largest. Every day in terms of pure revenues, Las Vegas and other cities simply can’t compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables. But in terms of what seemed like the endless development for the area, it seems that the party may be over.
For the third right month, Macau’s gaming revenues fell on a year-over-year basis. For August, the drop was 6.1 percent in comparison to 2013, a tumble blamed on a continued campaign against corruption that has hurt the movement of cash from mainland China.
Natural Numbers Still Good, But Growth Has Stopped
That drop won’t be making the gambling enterprises in Macau cry poor anytime quickly, however. They still introduced 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted only a 2 percent decrease in gambling profits, making the size of the decrease something of a surprise at significantly more than 3 x that number.
The casino market in Macau has usually relied heavily on VIP gamblers who might spend hundreds of thousands or even millions of dollars in a visit that is single. That market is feeling the strain of a anti-corruption campaign Read more