During the week between September 30th and October 6th, the world sizzled with events but mostly in Asia.

Hong Kong had people out in the streets marching for democracy, Japan had another volcano erupting and North Korea had one supreme and omnipresent leader missing from spotlights.

Westerners on the other hand developed ‘Good2Go’, a ‘sex consent’ application and welcomed the first ‘womb transplant’ baby born in Sweden. A play starring Lindsay Lohan opened in London and Formula 1 has a pilot of only 17 who had a rather short starting-race. But there will be better Grand Prix ahead for him.

In the meantime, gambling abounded of news and they came with pics. Take a look!

1. Another Trump Entertainment Resorts piece has fallen. Atlantic City Mayor, Don Guardian has rejected a proposal meant to revive Trump Taj Mahal Casino Resort.

The bigger they come, the harder they fall (Photo: Trump Entertainment Resorts)

2. Simon Perfitt, a former UK gambling addict, revealed how he lost GBP 200,000 on the controversial Fixed-odds betting terminals.

Simon Perfitt had a bad experience with FOBTs (Photo: David Sillitoe/the Guardian)

3. All bets are off! Rumors about the Duchess of Cambridge having twins made online sportsbooks re-think their betting strategies.

Duchess Kate could be carrying twins (Photo: EPA)

4. Brookfield Asset Management bought Atlantic City’s Revel Casino, which went bankrupt earlier this year. Perhaps this time, fortune will smile upon the gambling venue.

Revel Casino can turn its luck around (Photo: Mel Evans/AP)

5. The Crockfords club claimed that Phil Ivey used ‘edge sorting’ while playing baccarat and they refuse to pay him his winnings, labeling the technique “criminal”.

Phil Ivey said that he would never cheat in a casino (Photo:AP)

6. Trump Taj Mahal Casino owners considered ending payments to the union pension plan as a key point in the company’s restructuring strategy, but court denied them approval on the matter.

Trump Entertainment can’t afford pension payments (Photo:Tony Kurdzuk/The Star-Ledger)

7. Casinos in Goa decided to stop gambling activities on Gandhi’s Birthday but they’re still welcoming guests willing to attend the entertainment programs and taste the food in the restaurants.

No gambling on Gandhi Jayanti (Photo: The Hindu)

Gambling news are always fresh. Check our top stories section!

During the week between September 30th and October 6th, the world sizzled with events but mostly in Asia.

Hong Kong had people out in the streets marching for democracy, Japan had another volcano erupting and North Korea had one supreme and omnipresent leader missing from spotlights.

Westerners on the other hand developed ‘Good2Go’, a ‘sex consent’ application and welcomed the first ‘womb transplant’ baby born in Sweden. A play starring Lindsay Lohan opened in London and Formula 1 has a pilot of only 17 who had a rather short starting-race. But there will be better Grand Prix ahead for him.

In the meantime, gambling abounded of news and they came with pics. Take a look!

1. Another Trump Entertainment Resorts piece has fallen. Atlantic City Mayor, Don Guardian has rejected a proposal meant to revive Trump Taj Mahal Casino Resort.

The bigger they come, the harder they fall (Photo: Trump Entertainment Resorts)

2. Simon Perfitt, a former UK gambling addict, revealed how he lost GBP 200,000 on the controversial Fixed-odds betting terminals.

Simon Perfitt had a bad experience with FOBTs (Photo: David Sillitoe/the Guardian)

3. All bets are off! Rumors about the Duchess of Cambridge having twins made online sportsbooks re-think their betting strategies.

Duchess Kate could be carrying twins (Photo: EPA)

4. Brookfield Asset Management bought Atlantic City’s Revel Casino, which went bankrupt earlier this year. Perhaps this time, fortune will smile upon the gambling venue.

Revel Casino can turn its luck around (Photo: Mel Evans/AP)

5. The Crockfords club claimed that Phil Ivey used ‘edge sorting’ while playing baccarat and they refuse to pay him his winnings, labeling the technique “criminal”.

Phil Ivey said that he would never cheat in a casino (Photo:AP)

6. Trump Taj Mahal Casino owners considered ending payments to the union pension plan as a key point in the company’s restructuring strategy, but court denied them approval on the matter.

Trump Entertainment can’t afford pension payments (Photo:Tony Kurdzuk/The Star-Ledger)

7. Casinos in Goa decided to stop gambling activities on Gandhi’s Birthday but they’re still welcoming guests willing to attend the entertainment programs and taste the food in the restaurants.

No gambling on Gandhi Jayanti (Photo: The Hindu)

Gambling news are always fresh. Check our top stories section!

The management of Trump Taj Mahal sought approval to end payments to the casino union pension fund.

US Bankruptcy Judge Kevin Gross in Wilmington, Delaware, said he didn’t have the authority to allow the gambling company to reject part of its collective bargain agreement, but added that he would consider a request to reject the agreement as a whole. The judge is expected to make a decision on a hearing scheduled for October 14.

Obtaining approval to end pension payments was a key requirement of businessman Carl Icahn, offered to spend $100 million to rescue the now-bankrupt casino. However, the deal comes with considerable strings attached, as the businessman expects tax breaks, $25 million in funds from a state agency, as well as givebacks from the workers’ union. Experts believe it is unlikely that his proposal will be accepted, considering New Jersey’s current taxation policy and gambling laws.

Unless a buyer is found, the Trump Taj Mahal Casino and Resort will become the fifth casino to close this year in Atlantic City. Trump Entertainment has threatened to shut it down at the middle of November.

Bloomberg: Trump Casinos Loss on Pension Threatens Bankruptcy Plan

According to the latest gambling news, the owner of Atlantic City’s Taj Mahal Casino was denied court approval to stop contributing to the union pension plan. The request was a key point in the company’s restructuring strategy, as Trump Entertainment is struggling to recover from bankruptcy.

Judge Kevin Gross ruled that eliminating just the pension from the collective-bargaining agreement is not an option. The measure would violate bankruptcy code, which states that a contract has to be considered as a whole.

“The court does not have authority to reject a portion of a CBA,” Gross ruled. However, Trump Entertainment’s efforts to scrap the entire union deal – which includes pensions, too – will be reconsidered at another hearing, on October 14.

The company is trying to figure out how to solve its financial difficulties and save the Taj Mahal. Court filings have revealed that the union contract costs about $15 million a year in health, welfare and other benefits, and an additional $5 million in pension payments. But if the casino doesn’t find a buyer or a way to cut costs, closing will be inevitable.

Trump Entertainment claims obtaining concessions from the union is “absolutely critical” in the restructuring process.

NY Post: Carl Icahn might save Trump Taj Mahal under right conditions

Businessman Carl Icahn is ready to save the Trump Taj Mahal from bankruptcy, but only under certain circumstances. The investor said he was willing to invest $100 million in the Atlantic City casino, provided the unions and local authorities are prepared to make some big concessions.

Trump Entertainment Resorts, the owner of the ailing casino, was forced to file for bankruptcy on September 9, but has come up with a restructuring plan that needs Icahn’s money, the union’s cooperation and the collaboration of Atlantic City authorities to succeed. If all plans fail, the closure of the casino will result in the loss of more than 4,000 jobs.

Trump Entertainment Resorts owns two casinos in the gambling Mecca, and both of them have failed. The Trump Plaza was closed recently, and the situation of the Taj Mahal is not too optimistic either. The business is projected to lose $7 million every month, even with just one casino in operation, and that figure doesn’t include debt payments to Icahn or property taxes.

In order to get out of the financial mess, the company wants to stop paying roughly $10,000 a year for each union employee, and to stop pension contributions.

GamingZion: Brookfield is Topping Bidders for the Revel in Atlantic City

It seems like Atlantic City financial problems are the highlight of American news, as casinos shut down one after the other in the former gambling kingdom. The Showboat closed at the beginning of September and the Revel is still hoping to find a way out of the mess it got itself into.

The casino opened its doors to customers just two years ago, and it has already filed for bankruptcy twice. An expensive investment that cost $2.4 billion to build, the venue has never succeeded in becoming a profitable business.

While the gambling business has failed, there might still be hope for the building that housed all those gaming tables and poker rooms. The casino’s owners said they intended to sell it to a customer who would be able to keep the building in use.

An auction held last Wednesday awarded the property to Brookfield Asset Management, after the company trumped Florida real estate developer Glenn Straub’s $90 million bid. The businessman threatened to challenge the outcome of the auction in court.

The management of Trump Taj Mahal sought approval to end payments to the casino union pension fund.

US Bankruptcy Judge Kevin Gross in Wilmington, Delaware, said he didn’t have the authority to allow the gambling company to reject part of its collective bargain agreement, but added that he would consider a request to reject the agreement as a whole. The judge is expected to make a decision on a hearing scheduled for October 14.

Obtaining approval to end pension payments was a key requirement of businessman Carl Icahn, offered to spend $100 million to rescue the now-bankrupt casino. However, the deal comes with considerable strings attached, as the businessman expects tax breaks, $25 million in funds from a state agency, as well as givebacks from the workers’ union. Experts believe it is unlikely that his proposal will be accepted, considering New Jersey’s current taxation policy and gambling laws.

Unless a buyer is found, the Trump Taj Mahal Casino and Resort will become the fifth casino to close this year in Atlantic City. Trump Entertainment has threatened to shut it down at the middle of November.

Bloomberg: Trump Casinos Loss on Pension Threatens Bankruptcy Plan

According to the latest gambling news, the owner of Atlantic City’s Taj Mahal Casino was denied court approval to stop contributing to the union pension plan. The request was a key point in the company’s restructuring strategy, as Trump Entertainment is struggling to recover from bankruptcy.

Judge Kevin Gross ruled that eliminating just the pension from the collective-bargaining agreement is not an option. The measure would violate bankruptcy code, which states that a contract has to be considered as a whole.

“The court does not have authority to reject a portion of a CBA,” Gross ruled. However, Trump Entertainment’s efforts to scrap the entire union deal – which includes pensions, too – will be reconsidered at another hearing, on October 14.

The company is trying to figure out how to solve its financial difficulties and save the Taj Mahal. Court filings have revealed that the union contract costs about $15 million a year in health, welfare and other benefits, and an additional $5 million in pension payments. But if the casino doesn’t find a buyer or a way to cut costs, closing will be inevitable.

Trump Entertainment claims obtaining concessions from the union is “absolutely critical” in the restructuring process.

NY Post: Carl Icahn might save Trump Taj Mahal under right conditions

Businessman Carl Icahn is ready to save the Trump Taj Mahal from bankruptcy, but only under certain circumstances. The investor said he was willing to invest $100 million in the Atlantic City casino, provided the unions and local authorities are prepared to make some big concessions.

Trump Entertainment Resorts, the owner of the ailing casino, was forced to file for bankruptcy on September 9, but has come up with a restructuring plan that needs Icahn’s money, the union’s cooperation and the collaboration of Atlantic City authorities to succeed. If all plans fail, the closure of the casino will result in the loss of more than 4,000 jobs.

Trump Entertainment Resorts owns two casinos in the gambling Mecca, and both of them have failed. The Trump Plaza was closed recently, and the situation of the Taj Mahal is not too optimistic either. The business is projected to lose $7 million every month, even with just one casino in operation, and that figure doesn’t include debt payments to Icahn or property taxes.

In order to get out of the financial mess, the company wants to stop paying roughly $10,000 a year for each union employee, and to stop pension contributions.

GamingZion: Brookfield is Topping Bidders for the Revel in Atlantic City

It seems like Atlantic City financial problems are the highlight of American news, as casinos shut down one after the other in the former gambling kingdom. The Showboat closed at the beginning of September and the Revel is still hoping to find a way out of the mess it got itself into.

The casino opened its doors to customers just two years ago, and it has already filed for bankruptcy twice. An expensive investment that cost $2.4 billion to build, the venue has never succeeded in becoming a profitable business.

While the gambling business has failed, there might still be hope for the building that housed all those gaming tables and poker rooms. The casino’s owners said they intended to sell it to a customer who would be able to keep the building in use.

An auction held last Wednesday awarded the property to Brookfield Asset Management, after the company trumped Florida real estate developer Glenn Straub’s $90 million bid. The businessman threatened to challenge the outcome of the auction in court.