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Christie Promises Work For Casino Workers. Under fire, Governor Chris

 Christie: ‘I am plugged in, i will be listening and I have always been working.’

New Jersey Governor Chris Christie was challenged by casino workers over jobs, as three for the city’s casinos face imminent closure. Christie, who had been at Ocean City Town Hall to discuss pension reforms, was greeted on their arrival by a small grouping of workers from the threatened Revel, Showboat and Trump Plaza, chanting ‘Save our Jobs’ and ‘Five Year Promise.’

Each year to bring more flights to the Atlantic City airport, promote more convention business and raise private investment into the casino market in 2011 Christie issued a five-year plan that promised to fix the New Jersey economy, offering millions of dollars.

Revel had been a ingredient that is key Christie’s designs for Atlantic City. Conceived before the recession, construction of the Revel project started in 2008, just since the downturn that is economic, and Revel Inc found it self in financial dire straits, especially when backers, Morgan Stanley, pulled away soon after.

The project that is entire been a complete catastrophe, consistently losing money since it opened in 2012 and much more recently hemorrhaging $2 million per week

Christie, for whom Revel represented the promise of a gleaming, revitalized Atlantic City, intervened having a $261 million dollar bailout in taxation credits https://aussie-pokies.club/lightning-link-pokies-review/ and loan that is new hopeless to understand $2.4 billion project Continue reading

Chauffer Suspect in Murder of Taiwanese Mogul Shih Chia-chin



Hsieh Yuan-hsin could be the suspect that is main the kidnapping and murder of Shih Chia-chin. (Image: Taiwan police)

Taiwanese online gambling ringleader Shih Chia-chin may not be a home name in the online world betting community, but he was infamous in his home country for the wealth he earned by running his web sites. Now, his kidnapping and murder have actually shocked the area nation. Shih’s human body was discovered evening in Tainan County by police sunday. He had been allegedly murdered after being kidnapped by his chauffeur and several others on August 18.

Chauffeur Abducted Shih at Airport

On that time, Shih was found at the airport that is taoyuan Taiwan by his chauffeur, Hsieh Yuan-hsin. Just three hours later, the accountant at Shih’s business received a phone call saying that Shih had been kidnapped and demanding 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.

Whenever the family still didn’t hear from Shih, they contacted law enforcement for assistance later that day. Hsieh evidently made an attempt to withdraw the transferred ransom soon thereafter, but fled when he was asked to provide identification during the bank.

Hsieh Flees to Thailand

Despite efforts from prosecutors whom issued a warrant to bar him from leaving the nation, Hsieh managed to board a flight Continue reading

Christie Guarantees Jobs For Casino Workers. Under fire, Governor Chris

 Christie: ‘I am plugged in, i’m listening and I have always been working.’

New Jersey Governor Chris Christie is challenged by casino workers over jobs, as three for the city’s casinos face imminent closure. Christie, who was simply at Ocean City Town Hall to discuss pension reforms, was greeted on their arrival by a team of workers from the threatened Revel, Showboat and Trump Plaza, chanting ‘Save our Jobs’ and ‘Five Year Promise.’

In 2011 Christie issued a five-year plan that promised to repair the New Jersey economy, providing millions of dollars each year to bring more routes to the Atlantic City airport, promote more convention business and raise private investment into the casino market.

Revel was a ingredient that is key Christie’s designs for Atlantic City. Conceived before the recession, construction of the Revel project started in 2008, simply once the downturn that is economic, and Revel Inc discovered it self in financial serious straits, specially when backers, Morgan Stanley, pulled down soon after.

The entire project has been a complete disaster, consistently taking a loss since it opened in 2012 and much more recently hemorrhaging $2 million each week

Christie, for whom Revel represented the promise of a gleaming, revitalized Atlantic City, intervened having a $261 million buck bailout in tax credits and loan that is new hopeless to see the $2.4 billion project right through to comp Continue reading

Caesars at War with Investors Over $24 Billion Debt



Caesars CEO Gary Loveman says his business will not be held hostage by speculators.

The battle between Caesars Entertainment and its bondholders was ramped up a notch this week as the casino giant filed a lawsuit against a large portion of its investors, claiming they have been attempting to impede the business’s efforts to restructure its financial obligation process, a process that is important to avoid bankruptcy.

Despite being the best-known casino business in the world, Caesars’ long-term debt is colossal, standing at an industry all-time high of $23 billion, which outstrips the bankrupt city of Detroit. In-may, the business announced a means of debt restructuring, which, while not eliminating any long-term debt, would wipe out more than $1 billion of payments due in 2015.

The procedure, according to Caesars Chairman and CEO Gary Loveman, would ‘lay the building blocks for both significant de-leveraging and value creation at Caesars Entertainment.’

Lend Us Your Ears…and Everything Else

‘Upon conclusion of the credit facility amendment … Caesars will have added headroom under its upkeep covenant, providing Caesars with additional stability to execute its company plan,’ he added. ‘If Caesars successfully lists its equity securities, this listing that is independent help facilitate the eventual raising of equity in addition to liability management and financial obligation decrease initiatives.’

However, as Moo Continue reading