A fatal train crash in Bavaria, Germany, last week left 11 dead, with another 82 injured, 20 of them in serious condition. Occurring on a blind bend of single-track line near the spa town of Bad Aibling, the two commuter trains collided head-on at a closing speed of over 100mph and neither driver braked before impact. An investigation into why safety mechanisms, particularly the automatic braking systems, failed to prevent the crash was launched. Both drivers were killed in the accident.
The first Primary in the race for the White House took place in New Hampshire, USA, last week with both parties going to the polls. For the Democrats Bernie Sanders took a hugely convincing win against Hillary Clinton getting 60.4% to her 38%, whilst across the aisle for the Republicans Donald Trump, pushed back into second place in the Iowa Caucus, was triumphant getting 35.3%, double his nearest rival. Both non-establishment candidates thus carry momentum with them into South Carolina.
Antonin Scalia, long time hardline conservative Supreme Court Justice, died last week at the age of 79, prompting a fierce partisan political row. Whilst his replacement may be nominated by the sitting President, Barack Obama, the Republican party’s Senate majority leader, Mitch McConnell said it should be the next President that should nominate a replacement and obstructionist tactics seem likely to be employed to prevent any replacement being confirmed prior to the November election.
In sports Liverpool demolished the hapless Aston Villa 6-0 in the English Premier League last week with Sturridge, Milner, Can, Origi, Clyne and Toure all scoring against the boys from Birmingham, who remain welded to the bottom place in the league, whilst Liverpool move up to 8th place, the question is can they make it into the top 5 with just 13 games to go? You’ll have to read our daily news page to find out, but in the meantime here’s a look at the big stories we covered over the last week.
1. The Denver Broncos have beaten the favorites Carolina Panthers in Super Bowl 50, but is the greatest QB ever done?
2. Eli Manning’s hilarious face in Super Bowl 50 blew up the internet, but we explain why was that.
3. Premier League just making fun of bettors and experts of football facts sometimes this season.
Meanwhile scientists from the Laser Interferometer Gravitational-Wave Observatory announced last week they had detected the faint ripple in the universe created by the distant impact of two black holes some one hundred years after they were predicted to exist by Albert Einstein. Their success was heralded by the wider scientific community as a breakthrough moment in history with the new field of astronomic detection allowing a far greater understanding of the universe and stellar impact events.
The 2015 United Nations Climate Change Conference, COP21, came to a climax last week with a pact reached by the 200 attending nations to come into effect in 2020 that seeks to limit global warming to less than 2 degrees before the end of the century. Despite not being as legally binding as some would have wished the first agreement of its sort in history has been greeted with enthusiasm by many world leaders including Barack Obama who called it “the best chance to save the one planet we have.”
Donald Trump, still leading the polls in the race to be the Republican nomination in the US Presidential race in 2016, earned the ire of all quarters last week by calling for a ban on all entrance to the United States for Muslims. Instantly condemned by both his opponents and fellow Republicans alike Hillary Clinton called it “reprehensible, prejudiced and divisive” whilst rival for the nomination Jeb Bush called Mr. Trump’s position “unhinged”.
Saudi Arabia finally allowed women to vote in elections last week holding the first to be open to both female voters and candidates. Despite being unable to meet male voters during their campaigns, the segregation of polling stations and numerous bureaucratic obstacles 900 women stood for election although few are expected to gain office with only 10% of votes cast by women. However Salma bint Hizab al-Oteibi was elected in Madrakah to the Mecca municipal council.
In sport Conor McGregor took just 13 seconds to knock out opponent Jose Aldo to take the featherweight title in Las Vegas at UFC 194. “Precision beats power, timing beats speed.” Said McGregor after the bout that ending Aldo’s 18 fight unbeaten run, will Conor be able to match it? You’ll have to read our daily news pages to find out, but in the meantime lets take a moment to glance back over some of the big news stories we covered over the last seven days.
Meanwhile police are investigating the source of 100,000 Euro that was discovered floating down the Danube in Vienna last week. A boy found the money and retrieved the mainly 100 and 500 Euro denominations from the water, and with Austrian law allowing him to keep 10% immediately and claim the full amount after a year if the rightful owner does not come forward he’s a lucky chap. Whilst the money’s origin is not yet known police have ruled out money laundering.
1. Ronda Rousey took her first interview since her knockout loss, in which she described her long road to recovery and her desire for a Holly Holm rematch.
2. Oscar Espinosa’s patertinty claim was verified by DNA test results, now Ruben Vazquez’s case is to be settled.
3. Arnold Peralta was shot dead in his hometown while on holiday before international football match vs Cuba.
4. The draw for the round of 16 in the 2015/16 UEFA Champions League competition was made in Nyon.
5. Arguably the hottest fixture at the Euro 2016 group stages will be England entertaining Wales in group B.
Last week saw numerous big breaking stories hit the headlines so we take a look back at the most important of the last seven days.
After a Russian SU-24 bomber taking part in ongoing combat operations in Syria supposedly ignored warnings and strayed into Turkish airspace, for 17 seconds or so, patrolling aircraft from the Turkish Air Force shot it down. One pilot was killed, the other recovered. Vladimir Putin reacted angrily to the first such incident between a NATO nation and Russia since the 1950s, imposing sanctions on Turkey. Turkish president Recep Tayyip Erdogan regretted the incident. Moscow demands a full apology.
President Barack Obama once again had cause to call for tighter gun controls in the US last week following a deadly attack on a Planned Parenthood clinic in Colorado Springs. A policeman and two civilians were killed in the attack which also injured nine others. The president described the attack as having been perpetrated with “an assault weapon” and regretted the “easy accessibility of weapons of war” in the US. Police arrested loner Robert Lewis Dear of Carolina for the attack.
Donald Trump, still the leading Republican candidate for the party’s nomination for the presidential race in 2016, behaved in a manner the New York Times described as “outrageous” last week when he did an impersonation of one of their reporters, Serge Kovaleski, who suffers from a congenital joint condition. Trump had used the work of Mr. Kovaleski to back up his stupid claims “thousands” of Muslims in New Jersey celebrated after 9/11, something the reporter denies inferring in his work.
In sport Andy Murray beat David Goffin of Belgium 6-3 7-5 6-3 to give Great Britain its first Davis Cup trophy since 1936. Team GB won its first title for 79 years after winning the best of five tie in Ghent which saw Jamie Murray win the doubles with his brother. Having achieved so much for British tennis does a knighthood beckon for Andy Murray? You’ll have to read our daily news pages to find out, but in the meantime here’s some of the biggest stories we covered over the last week.
1. 63-year old Avondale resident Cecilia Randel had been named the holder of the sole winning ticket of the $475,000 Louisiana Lottery jackpot.
2. There were a number of exciting Thanksgiving Day NFL games that took place on Thursday, including Philadelphia versus Detroit, Carolina versus Dallas, and Chicago versus Green Bay.
3. Philadelphia is easily the saddest pro sports city in the USA right now, given that its teams in all major sports leagues are doing poorly in games and rankings.
4. A British couple won the £1 million EuroMillions jackpot for the second time in two years, having had first won it in 2013. It was the 10th biggest EuroMillions jackpot to be won in the UK.
5. Despite the huge amount players wagered in Las Vegas, overall gaming revenues dropped in Nevada 2015 October.
Meanwhile “Cards Against Humanity”, manufacturer of the popular game of the same name, offered its customers something different this Black Friday by putting absolutely nothing on sale on their website for the bargain price of $5. The offer, that required takers to tick a check box reading “I understand I am paying Cards Against Humanity $5 and receiving nothing in return”, netted the company $71,000. The company then released an exhaustive and eclectic list of what their staff spent the money on.
With lots of big news stories breaking over the last seven days so lets take our regular look back at some of the most important
Last week saw the migrant crisis in Europe deepen as an increasingly large number of migrants fleeing the war zones of the Middle East arrive in the border countries of Serbia, Croatia, Slovenia & Hungary. With the death toll of this perilous journey mounting the central powers of the EU have yet to reach consensus on how best to deal with the problem and in the meantime many of the smaller nations in the migrant’s path are struggling to cope in face of the influx.
A controversial security bill in Japan that would permit the overseas deployment of Japanese military forces for the first time since their surrender at the end of the Second World War passed in parliament after numerous days of protests on the streets of Tokyo, scuffles in parliament, a series of no-confidence motions from opposition parties and dismayed outrage from China. The popularity of Shinzo Abe’s government fell to its lowest since 2012.
The front-running Republican presidential candidate, Donald Trump, found himself once again amidst controversy last week as he avoided correcting the erroneous statements of one of his supporters at a rally in New Hampshire. The supporter prefaced his question to Trump by saying President Obama was a Muslim and “not even an American”. Since the incident Trump has defended himself by saying were the situation reversed there was “no chance” Mr. Obama would defend him, and that it wasn’t “his job” to defend the President.
In sport US golfers produced a superb display of skill to beat Europe 14½-13½ and win the Solheim Cup 2015. As the games played out in Germany there was a minor controversy on the 17th where neither side did themselves any favors. The question is now can the men replicate this feat of their female counterparts at the next Ryder Cup? You’ll have to read our daily news pages to find out, but in the meantime here’s a look at some of the big stories we covered last week.
1. After the agressive advertising campaign of daily fantasy sites in the first week of the NFL season, many consider these type of games illegal gambling.
2. Peyton Manning passed the 70,000-yard mark as the Denver Broncos produced a last-minute comeback against the Kansas City Chiefs.
3. Phil Hellmuth showed everyone how to get back to winning after losing big at the poker table.
4. The Republican candidate discussed football amongst politics-related matters via his Twitter account.
5. Archie Karas is the latest name in the Black Book of the Nevada Gambling Commission after cheating in blackjack several times.
Meanwhile a prospective lover who took 35 Viagra tablets in under an hour suffered five days of constant erections and was treated to a two day stay in hospital for his efforts. “I ended up feeling sick, dizzy and hallucinating, everything I saw was green.” Said Medforth, “and I had an massive erection that would not go away. The paramedics were very professional but you could see they were trying not to laugh. Fortunately my wife has forgiven me and I realize I have been very, very lucky.”
The republican candidate used his Twitter account to suggest his followers that Trump knows everything.
Seriously. The guy, who started as a real estate developer, then got into television, writing books and now running for the presidency, answered a wide list of questions during his Twitter session. He discussed not only political matters, but also answered seemingly not that serious questions. And he did that with amazing seriousness, like when tackling the Cowboys’ chances without the injured Tony Romo.
The future President of the United States has to know everything after all. Or if not everything, at least football. But Trump knows everything, he is aware of the Dallas Cowboys’ problems and the strength of their defence.
Of course, he did not forget to drop that how good he is with Romo and more importantly, Tom Brady. Since the latter superstar is the hero of New England, an area full of blue states, he had to mention that he and Mr. Brady are best buddies, and he also supported the Patriots quarterback during the ridiculous deflategate scandal. Wow, Trump knows everything!
— Donald J. Trump (@realDonaldTrump) September 21, 2015
Alright, casino winners know that one area he is not an expert of is probably gambling. Trump brought four businesses to bankruptcy in the ’90s and 2000s: Trump’s Taj Mahal, the Trump Plaza Hotel, the Trump Hotels and the Casino Resorts.
Bet365 Sportsbook has excellent online betting odds for Trump being elected as the next President of the United States. He is available at 8.50 (15/2), being third favourite behind top dog Hillary Clinton, who goes for 2.25 (5/4) and Jeb Bush, whose success is given at 5.00 (4/1) by the top gambling destination.
Experts of gambling facts might be aware of that at some funny online gambling sites you can also wager on celebrities like Eva Longoria, Kanye West or even Kim Kardashian winning the presidential election. That wouldn’t be the first time that show business got into politics. Just think of Ronald Reagan’s career as an actor… or rather don’t.
But Trump knows better how to impersonate a dumb character like George W. Bush did with great success. Trump knows everything, or almost everything, so he could totally do that. The question is that how many of the Americans will take him seriously.
There was a plethora of breaking news stories last week so let’s look back at some of the biggest that made the headlines over the last seven days
Japan commemorated the dropping of the first atomic bomb on Hiroshima on August 6th 1945. Seventy years after the 8:15am detonation, that had equaled some 12,000 tons of TNT and killed 70,000 people instantly with another 70,000 dying later of their injuries or illnesses, the city’s bells tolled and tens of thousands gathered with the country’s Prime Minister, Shinzo Abe, in the Peace Memorial Park and observed a moment of silence for the dead.
Fox News hosted the first televised Republican debate drawing together numerous candidates including the ever entertaining Donald Trump whose bombastic personality dominated proceedings. During the debate Trump was question by Megyn Kelly on his attitude to women, an exchange he later described as being “nasty” saying “You could see there was blood coming out of her eyes, blood coming out of her whatever.” In the ensuing controversy he said only a “sick person” would that about menstruation.
The 100mph winds of Typhoon Soudelor caused widespread damage across both Taiwan and then the Chinese province of Fujian last week as the massive storm system wreaked havoc across massive swathes of the region. Despite the Chinese having ample warning and placing 7,000 personnel on standby and evacuating some 163,000 people (even ordering 32,000 vessels back to port) there were still hundreds of injuries, six deaths and millions of households were left without electricity or running water.
In sport MotoGP rider Marc Marquez took a well earned victory at the Indianapolis Grand Prix taking the lead three laps before the end and stayed there till the checkered flag. This second successive victory for the Spaniard lifts him to third in the title race behind Jorge Lorenzo and current championship leader Valentino Rossi. With 8 events left in the season can Marquez overhaul his rivals? You’ll have to read our daily news pages to find out, but in the meantime here are some of the big news stories from last week.
1. The Seattle Seahawks gave a four-year, USD 87.6 contract extension to Super Bowl winning quarterback Russell Wilson.
2. Daniel Sturridge was expected to return to action earlier than it was speculated before.
3. Jose Mourinho prepared to fight for his fourth Premier League title with Chelsea before the 2015-16 Premier League season started.
4. After activating last year at Manchester United, this year Angel di Maria looks for better days at Paris Saint-Germain. The transfer between the two clubs was completed.
5. Manchester City extended Chilean manager Manuel Pellegrini’s contract before the start of the 2015-16 Premier League season.
6. Former first round draft pick Aldon Smith was released by San Francisco 49ers after the player’s latest arrest for alleged hit and run and DUI.
7. Two men claimed to be Juan Manuel Fangio’s sons and the court ordered the exhumation of the five-time Formula One world champion, in order to perform a DNA test.
Meanwhile Jon Stewart, long time host of Comedy Central’s “The Daily Show” left after 16 years in an emotional farewell before young Trevor Noah takes the reins of the flagship satire show. Joined by former colleagues and lampooned by political friends and foes alike, Mr. Stewart took advantage of his last spell of duty behind the famous desk to warn America of “blatant mendacity” saying that “Whenever something’s been titled ‘Freedom’ ‘Family’ ‘Fairness’ ‘Health’ ‘America’, take a good long sniff.” The question is, what will Stewart do next?
Last week brimmed over with big news stories so lets take a moment to look back at some of the most important from the last seven days
In a crowded field of candidates, currently some 17 Republicans are competing for their party’s nomination for President in the 2016 race, Donald Trump continued to grab the headlines last week as he paraded his anti-Mexican rhetoric, insulted the press and then in defiance of the available evidence said of himself “I’m, like, a really smart person.” He also promised to release his personal financial records, something he need do if he wants to participate in the August 6th televised debate.
The massacre at Srebrenica was commemorated some 20 years on with one guest, Serbian Prime Minister Aleksandar Vucic, being chased from proceedings by an angry crowd that threw first insults and then bottles and stones, one of which struck him in the face. The massacre saw Bosnian-Serbs murder 8,000 Muslim men and boys in an event the international courts have ruled as an act of genocide, something Serbia, or the Bosnian-Serbs, still refuse to admit.
The Syriza led government of Alexis Tsipras in Greece continued to try and find a way forward with it’s Eurozone creditors last week but with the Greek population having voted down austerity measures in a referendum the EU seems to have now moved on from simply wanting to help to wanting to punish Greece, humiliate its government and force Tsipras from power. It remains to be seen if this bullying will prove more costly than Greece was already costing them.
In sport Raheem Sterling may well be moving from Liverpool to Manchester City after the two sides agreed a transfer deal valued at forty nine million pounds, the 20 year old just needing to pass a medical to secure the move. The deal will make him the most expensive English player ever but will it help Man City next season? You’ll have to read our daily news pages to find out, but in the meantime lets look back at some of the major stories we covered in the last seven days.
1. Gerrard is the second high-profile English footballer in Galaxy’s club history after David Beckham but “Liverpool Red” at heart.
2. Iker Casillas was expected to leave Real Madrid and join FC Porto thanks to various components, such as Lopetegui’s call or De Gea’s arrival.
3. Serving and volleying helped Richard Gasquet to reach the 2015 Wimbledon semifinals.
4. The momentum was on England’s side after the first two days of the 2015 Ashes series.
5. Serbian Tennis player Novak Djokovic beats Swiss international Roger Federer to win Wimbledon 2015 and achieve back to back wins.
6. Russia national team coach Fabio Capello was sacked by the Russian Football Union.
7. Ivan Basso quit the Tour de France 2015 due to testicular cancer.
Meanwhile a reckless driver in Los Angeles has hit the headlines after being captured on film driving through well-known portions of the city at speed for several miles in reverse. The dark coloured Audi not only exceeded the speed limit but also nearly hit pedestrians, swerved into oncoming traffic and has been said by police to be “some of the most reckless driving investigators have ever seen”. The vehicle and driver have yet to be traced although investigations are ongoing.
With lots of big news stories breaking over the last seven days so lets take our regular look back at some of the most important
The United States once again found its problems with racism front and center as a twenty one year old white supremacist gunned down nine members of a black church’s congregation in Charleston, South Carolina. Dylann Roof was later arrested and charged with the murders. Also raising issues of gun control the National Rife Association managed to excel itself with one executive stating on the internet that the blame for the deaths lay with the church that wouldn’t allow the congregation to carry weapons of their own. Hastily deleted the comments highlight the US’ dysfunctional relationship with guns.
The financial row between Greece and the Eurozone nations continued last week as both sides failed to agree on proposals for the maintenance of the nation’s crippling debt. Greeks fear the imposition of harsh austerity measures imposed by the EU, European Central Bank and IMF, will further damage their economy and the bankers refuse to unlock bailout funds before the Greeks agree. June 30th sees the deadline for a payment of 1.6 billion Euros on Greek debt and failure to pay might see them exit the currency sparking an even wider crisis.
Casino owner and billionaire buffoon, Donald Trump, a man with a naturally occurring wig and no sense of his own ridiculousness, announced he would be standing as a candidate for President of the United States in 2016 and in a rambling speech at the Trump Tower in Manhattan, squarely placed the blame for the nation’s problems on the shoulders of Mexicans who he seemed to believe were all gun runners, drug dealers and rapists. His entry into an already crowded Republican field ensures this election won’t be short on comedy even as the infighting begins on that side of the aisle.
In sport Tiger Woods’ slump in performance hit a new low as he missed the cut for the US Open fifteen years after winning it by a clear 15 shot lead. With recent performances disappointing many fans are wondering when the star will bounce back and make a rousing return to his winning ways. Will he manage it? You’ll have to read our daily news pages to find out if he does or not, but in the meantime lets look back over some of the major stories we covered over the last seven days.
1. Gambling Results announced one of the greatest sports events in football, Copa America.
2. Jack Wilshere scored two goals against Slovenia and provided a comeback victory in England’s EURO 2016 qualifier.
3. New Jersey lawmakers have a referendum in mind regarding adding more casinos to New Jersey outside Atlantic City.
4. Gambling Results sketched a review of the NBA Finals game three where the Cleveland Cavaliers and the Golden State Warriors played on Tuesday June 9th.
5. As the trophy got a little bit closer to one of the teams, Gambling Results thought of presenting the highlights of the NBA Finals game four between the Cleveland Cavaliers and the Golden State Warriors on Thursday July 11.
6. Taking a look at some transfers in football, we saw Jose Mourinho, Chelsea’s coach showing confidence in Falcao’s recovery.
7. As last week was all about basketball, we analyzed the NBA Finals games five and six between the Cleveland Cavaliers and the Golden State Warriors in which the Warriors won claiming the 2015 NBA Championship.
Meanwhile the bravery of a cat was recognized in Los Angeles last week when the Society for the Prevention of Cruelty to Animals presented it’s trophy for National Hero Dog to Tara, a feline, instead.
Tara had run to the aid of its six year old autistic owner who, whilst riding his bike in the front yard, had been attacked by a neighbor’s dog. The cat then bit the dog and chased it away returning to Jeremy’s side. The trophy was suitably amended to read cat not dog before it’s presentation.
The week between October 7th and 13th was another busy week around the globe, therefore plenty of news. Good news first:
Formula 1 made a comeback in Russia after 100 years. The Nobel Prize for peace was awarded to Kailash Satyarthi and Malala Yousafzai and the Honorary Dame Grand Cross was awarded to Angelina Jolie by the Queen Elisabeth II of Great Britain.
Moving onto the bad news, another country leader made the news by simply ‘showing up’; Kim Jong Un has made his first public appearance in 40 days. Awful news came from the health sector: a patient diagnosed with Ebola died in the US and another one just got infected in Spain. In Africa, hundreds are still dying. People have died in India as well due to Cyclone Hudhud and in Hong Kong, protesters were still marching for democracy.
The gambling news were interesting as well. Let’s take a look at the pics, first!
1. Singapore failed at choosing words in the campaign against gambling but succeed in banning gambling activities.
2. The Trump name shall only be associated with ‘high standards of luxury’. It was decided in court that the famous surname will be removed from Trump Plaza and Trump Taj Mahal, now tapped out casinos.
3. Phil Ivey’s case of edge-sorting and exploiting casino’s failures was declared cheating, in court. The poker player will not have access to his winnings.
4. Floyd Mayweather showed everybody that he is not only a good sportsman, but also a good sports bettor. And a very, very rich man.
5. New and stricter gambling laws are expected in the Czech Republic. Foreign gambling operators are welcomed as well in a hope to boost tax revenues.
6. New gambling laws, new taxes in the UK as well. The Court granted ‘green light’ for implementing the anticipated legal amendments, despite Gibraltar Betting and Gaming Association objections.
7. Ka-Ching! 350 people bought vintage gambling machines worth $2,381,700 at the Victorian Casino Antiques auction. The unique gambling items once belonged to the iconic Las Vegas Harrah’s Hotel and Casino.
That was it for the past seven days. If you want to stay informed with the latest gambling news, read the Gambling Results’ top stories section!
Donald Trump got what he wanted: his name is being taken off the now-bankrupt Trump Plaza casino in Atlantic City.
This week began with good news for Donald Trump. The business magnate won his case against Trump Entertainment Resorts, where he asked to have his name taken off the Atlantic City casinos. In fact, Donald Trump and his daughter Ivanka asked that the name be stripped from the company altogether.
Workers started taking down the letters spelling out Trump’s name on Monday morning. They also removed slot machines from the old Trump Plaza, after the casino shut down on September 16. Meanwhile, the Taj Mahal is also struggling and could close in November.
Trump’s lawyers argued in front of the court that the businessman doesn’t want to have his name associated with a company that left two casinos fall into such disrepair. Trump Entertainment violated quality standards that both sides had agreed upon, they said.
AP News: APNEWSBREAK: Trump Name Coming off Closed Casino
While Trump Entertainment is trying to figure out a way to save what’s left of its business, the latest gambling news
is talking about Trump’s victory in court.
“This is a very important step for us,” Ivanka Trump told reporters at The Associated Press. “It was pretty cut and dry: when we gave them a license to use our name, it was contingent on quality control and performance. They did not meet the high standards of luxury in every other asset in the Trump brand.”
The company declined to comment on the case.
Trump Plaza closed at the middle of September, but the businessman’s name was still up there. The mogul is simultaneously seeking to have his name removed from the Taj Mahal, and from Trump Entertainment Resorts. At the same time, his daughter said he is considering buying the casino, to save it from bankruptcy.
The investor sent out a statement emphasizing that he has had nothing to do with the company – other than associating his name with it – since 2009.
“I am saddened to see that the current managers and owners of the Trump Plaza and Trump Taj Mahal were unable to operate these properties to the highest standards of luxury and success as required under the license agreement and consistent with my name and reputation.”
“Because of constant defaults of the standards stipulated in the license agreement, I had no choice but to terminate the license agreement and require TER to remove the Trump name from both buildings,” he explained.
CNN: The Donald wins. Trump name coming off casino
Donald Trump got his way and his name will be peeled off the façade of the Trump Plaza Casino. A spokesperson for the company said removing the letters from the building will take a few weeks. The magnate sued Trump Entertainment Resorts, the company that runs the venue, asking that his name be removed from both the Plaza and the Taj Mahal.
“We have a very high standard and they didn’t meet it,” the businessman explained in an interview with CNN Money. “We essentially won the suit.”
The Taj Mahal is expected to shut down on November 13, after several attempts of saving it from bankruptcy have failed. Trump Plaza closed in September, becoming the fourth Atlantic City casino to go out of business this year and causing 8,000 people to lose their jobs. At this point, it seems like not even gambling laws or tax exemptions can save these businesses from bankruptcy.
“Atlantic City needs a total remake,” Trump said.
Trump built and owned both casinos in the beginning, but he decided to sell them seven years ago. Since then, he has been licensing his name and image to the new owners. The lawsuit was filed in August, when the investor accused Trump Entertainment Resorts of neglecting the venues and letting them “fall into an utter state of disrepair”.
The license agreement stipulated the brand’s “superior reputation” should be used in a “dignified manner”, offering the “highest quality”. But the business magnate said these standards weren’t met.
The Guardian: Atlantic City casino to be stripped of Trump name
Trump Entertainment has gone out of business and is in bankruptcy court in Delaware, where it is trying to get permission to terminate pension plans for the Taj Mahal’s 2,800 employees. Last week, the judge refused to allow it for now, but scheduled more hearings on the casino’s proposal to cut costs.
The company’s plans for financial recovery include the elimination of employee pensions and healthcare benefits, supported by a $100 million investment from billionaire Carl Icahn. Trump Entertainment said that it would not be able to survive without these two vital measures, and added that it would have to close either on or before November 13.
While holding most of the company’s debt, Icahn said he would be willing to consider buying the Taj Mahal by converting the debt into ownership rights. But the offer doesn’t stand if the local government doesn’t make a few serious concessions. The investor has requested that Atlantic City drastically reduce property taxes on the casino.
Donald Trump still owns a 9% stake in Trump Entertainment, but the company is virtually worthless now. He and his daughter believe having their names associated with the two bankrupt casinos bring harm to their personal and professional reputation.
The situation of the Trump Taj Mahal seems hopeless after Atlantic City officials refused to reduce taxes in order to save the casino.
In May 1984, when Trump Plaza opened its doors to customers, it became Atlantic City’s 10th casino. The venue’s financial problems became evident this year, and by the middle of September owners were left with no other option but to close it.
The entire city is dealing with a huge budget deficit and several casinos have gone out of business this year, as the gambling Mecca is falling under the pressure of competition from neighboring states. In order to recover from the financial disaster, workers will be laid off and taxes on homes and businesses will be raised, as local authorities are planning to cut $40 million from the city’s budget over the next four years.
Out of the state’s 12 casinos, four have already closed. The Trump Taj Mahal Casino and Resort would be the fifth one, with Trump Entertainment threatening to shut it down mid-November. So far, all plans to save the venue have failed.
ABC News: AP: Mayor Nixes Tax Break to Save Taj Mahal Casino
According to the latest gambling news, Atlantic City Mayor Don Guardian has rejected a proposal to revive the Trump Taj Mahal Casino Resort. The city cannot afford to meet the owners’ demands for reduced taxes, the mayor explained in an interview with the Associated Press.
In the proposal, the venue’s owners asked local authorities to reduce the tax assessments of Trump Plaza from $248 million to $40 million. The hotel and casino complex closed at the middle of September. In addition, the company asked for another reduction – from $1 billion to $300 million – for the Taj Mahal.
“Given the difficult economic situation in Atlantic City, we are not in a position to accept these requests,” Mayor Don Guardian told reporters. “We cannot afford those demands.”
With these plans being rejected, the city will most likely say “no” to another offer proposed by billionaire businessman Carl Icahn, leaving the struggling venue with no other options. The entrepreneur has promised to bail the casino out with a $100 million investment, but the project comes with strings attached.
Now it looks like Trump Entertainment could close the Taj Mahal at the middle of November.
CTV News: Billionaire may invest $100M save Trump’s Taj Mahal Casino
Billionaire businessman Carl Icahn is considering spending $100 million to save the now-bankrupt Trump Taj Mahal Casino Resort, but his offer comes with considerable strings attached. The investor said he will bail the venue out “if and only if” he gets givebacks from the workers’ union, $25 million in funds from an agency in New Jersey, and tax breaks regardless of the state’s current taxation and gambling laws.
At a recent appearance in bankruptcy court, Trump Entertainment Resorts presented a letter from the businessman’s lawyer, detailing his conditions for saving the casino and asking that the debt he owns in it be converted to equity that would give him ownership.
“Notwithstanding the fact that putting more money into the Taj is a questionable business decision, we share the company’s desire to see the Taj Mahal remain open and preserve the jobs of the company’s employees,” the attorney wrote, adding that failing to get the concessions “would make it impossible to operate a viable company at this time.”
The court filing paints a dismal picture of the casino’s current financial situation and argues there is no hope for survival without Icahn’s investment. Trump Entertainment said it was going to close the venue in November, leaving 2,041 full-time and 825 part-time employees without work.
Union president Bob McDevitt warned that the businessman is “seeking to take advantage of the Atlantic City crisis to do away with the health care thousands of south Jersey casino workers and their families have fought for and relied upon for over 30 years,” and added that his proposal aims to cut total compensation for workers.
Wall Street Journal: Trump Eyes Possible Return to Atlantic City
Billionaire Donald Trump is considering buying back two casinos in Atlantic City, both of them bearing his name, but still wants his name removed from the properties. The businessman hasn’t been involved in the management of either the Trump Taj Mahal, or the Trump Plaza for seven years now. Moreover, he told the Wall Street Journal that he disagrees with the way the venues are being run.
“We have a very high standard” in the licensing contract, he told reporters, “and they don’t operate it to our standards.”
“I’d fix them and bring them back to a very high standard,” Trump said. While acknowledging that Atlantic is in a “very difficult place”, he added: “I think a smaller Atlantic City maybe has a chance.”
Trump’s lawyers argued in court that the licensing contract requires operators to maintain “the highest levels of quality, luxury, prestige, and success,” which the plaintiff believes were not met. Inspectors of Trump AC have found a “serious deficiency in quality” and demanded that they be fixed. The casinos responded, claiming they had a plan to address the “deplorable conditions” at the Plaza, but further notices culminated in a lawsuit where Trump asked for his name to be removed from the business.
The casinos were originally developed by Trump and have come close to bankruptcy before. The real-estate mogul is no longer involved in the management of these casinos, but still owns 5% of Trump Entertainment.