Brand New Jersey Regulators: ‘We Can’t Make Casinos Stay Open

Caesars plans to close the Showboat in Atlantic City on August 31; three other brand New Jersey casinos are facing shutdowns. (Image: Atlantic-City-Guidebook.com)

With four Atlantic City casinos potentially closing this 12 months, many in the city in addition to greater nj are understandably shocked. Keeping those casinos open only a longer that is little help soften the blow a little giving workers and officials more time for you to policy for the future. But while that might be nice, state officials say they can not force those casinos to stay in operation if the properties want to turn off.

New Jersey state casino regulators have said which they cannot force two casino owners to keep open for the additional four months while they wait to see if new buyers can be found. The two casinos, the Showboat and Trump Plaza, are both expected to shut come july 1st.

Private Business Decision

Final month, State Senator James Whelan, along with Assemblymen Vince Mazzeo and Chris Brown, had asked the New Jersey Casino Control Commission (NJCCC) to force both of those casinos to remain open for all months past their intended closing dates. Nevertheless, NJCCC Chairman Matthew Levinson published right back earlier this to say that determining a closing date is a decision that belongs to those businesses alone, and sits far beyond the commission’s authority month.

‘ The commission simply will not have the authority to direct Leer más

Atlantic City Trump Plaza More Likely to Close in September

Trump Plaza’s shutdown will mean that as four Atlantic City casinos could be closed this 12 months. (Image: Lisa Andres/Flickr)

The casino industry of Atlantic City is presently dealing with an unprecedented freefall. After several years of declining revenues, at least two casinos have already closed or plan to shut this season, and another is facing a 2nd bankruptcy in 2 yrs. And now, a fourth has said that they also expect to shut down in just a few months.

That’s the fate that is apparent of Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. While the owners reportedly said that the choice isn’t entirely final, employees were to get warnings for the expected closing on previously this week.

‘Although [the] review hasn’t been completed and no concluding decision was made, the business expects so it will end the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014,’ the company told the Associated Press.

Trump Plaza Joins Other AC Closures

If the closure goes through as anticipated, the effect could be that up to a third of Atlantic City’s casinos could close down this year. In January, the Atlantic Club shuttered its doors, while the Showboat is planning to close in August. Meanwhile, the Revel is in bankruptcy court for the 2nd time, and may potentially shut if a customer for the property cannot be discovered. Tha Leer más

Pinnacle Sports Stanley Tomchin Avoids Felony Charges

Pinnacle Sports Stanley Tomchin Avoids Felony Charges

Stanley Tomchin was originally accused of 56 felony charges. (Image: stanleytomchin.com)

Stanley Tomchin has some stake into the online bookmaker Pinnacle Sports, but it’s uncertain if he’s a primary owner of the web site. He was certainly a skilled games player, though it’s difficult to say so how impressive his accomplishments actually are. But something is for sure: Tomchin will not be spending any time in jail in the future that is immediate.

Tomchin reached a plea contract with the Queen’s County District Attorney’s Office in New York, pleading responsible to a misdemeanor fee, but avoiding the 56 felonies he had been faced with back in 2012. At the time, Tomchin had been facing charges including money laundering, enterprise corruption, and conspiracy.

Tomchin Avoids Jail Time

Those charges could have come with extensive jail time. Instead, Tomchin will avoid both prison and supervised probation after closing the full case with just one class B misdemeanor. The cost is conspiracy in the sixth degree, the cheapest category of unlawful misdemeanor under New York State law.

‘The District Attorney’s workplace began this case with an exaggerated press statement that sought to portray Mr. Tomchin as being a gangster kingpin,’ said attorney David Deitch. ‘Their willingness to resolve the truth with a plea up to a class B misdemeanor shows that those claims were no more than a smoke and mirrors ade that is fa&ccedil to Leer más

Pinnacle Sports Stanley Tomchin Avoids Felony Charges

Pinnacle Sports Stanley Tomchin Avoids Felony Charges

Stanley Tomchin ended up being originally accused of 56 felony fees. (Image: stanleytomchin.com)

Stanley Tomchin has some stake in the online bookmaker Pinnacle Sports, but it’s not clear if he’s an owner that is primary of web site. He was certainly a skilled games player, though it’s difficult to say so just how impressive his achievements really are. But a very important factor is for sure: Tomchin defintely won’t be spending any time in jail in the future that is immediate.

Tomchin reached a plea contract with the Queen’s County District Attorney’s Office in New York, pleading accountable up to a misdemeanor cost, but avoiding the 56 felonies he had been charged with back 2012. At the time, Tomchin had been facing charges money that is including, enterprise corruption, and conspiracy.

Tomchin Avoids Jail Time

Those charges could have include extensive jail time. Instead, Tomchin will avoid both prison and supervised probation after closing the full case with just one course B misdemeanor. The charge is conspiracy in the sixth degree, the lowest category of criminal misdemeanor under New York State law.

‘The District Attorney’s Office began this case with an exaggerated press statement that sought to portray Mr. Tomchin as a gangster kingpin,’ said lawyer David Deitch. ‘Their willingness to resolve the situation with a plea up to a class B misdemeanor implies that those claims were no more than a smoke and mirror Leer más