Donald Trump’s Atlantic City Record Attacked on Day One of Democratic National Convention

Donald Trump’s Atlantic City Record Attacked on Day One of Democratic National Convention

First Lady Michelle Obama energized the crowd at the Democratic National Convention in the shared typical theme that Donald Trump is not fit for the Oval workplace.

Donald Trump spent a quarter-century getting businesses in Atlantic City. Throughout the course of his campaign, the billionaire Republican Party nominee has repeatedly trumpeted his success in the east shore gambling mecca.

‘I made a lot of money in Atlantic City and left seven years ago, great timing,’ Trump tweeted earlier this month.

The GOP’s presidential candidate, it’s now time for the Democrats to hold their own love fest after a weeklong Republican National Convention (RNC) that officially made Trump. While contention remains between the Bernie Sanders faithful and presumptive nominee Hillary Clinton, one thing most in attendance in Philadelphia during the Democratic National Convention (DNC) can 1xbet работающее зеркало вк agree on is that Donald Trump is not qualified become president.

His record in Atlantic City is a prime example for Democrats who argue Trump isn’t looking out for the American people.

‘Trump says he would run our nation like he has run their companies,’ New Jersey Senator Cory Booker stated in delivering a speech that is passionate. ‘ I’m from New Jersey, and we have seen the real means he leads . . . He got rich while his companies declared multiple bankruptcies.’

Massachusetts Senator Elizabeth Warren echoed Booker by saying, ‘Donald Trump continues, and on, and on, about being fully a businessman that is successful but he filed business bankruptcies . . . Always to safeguard his money that is own and his investors and contractors with the bill.’

Banking on Bankruptcy

Trump says he is a billionaire that is self-made the political left says he’s absolutely nothing however a bully who got rich at the expense of the little people.

So who is to think? In fact, both are right, and both are being fully a little dishonest.

Trump hasn’t personally filed for bankruptcy, but organizations he’s owned have.

The first came in 1991 when the Trump Taj Mahal in Atlantic City declared Chapter 11 bankruptcy. The filing was devastating for Trump who was 45-years-old at the time.

He lost half of his stake in the casino, sold his yacht that is 282-foot dubbed ‘Trump Princess,’ and shuttered Trump Airlines.

The following year Trump Castle Associates, owners associated with Trump Plaza in New York City and Trump Plaza Hotel and Casino and Trump Castle Resort in Atlantic City, also filed for bankruptcy. The property businessman forfeited 1 / 2 of his stake within the New York Plaza to the banks.

Twelve years later on, Trump Hotel & Casino Resorts shed $500 million in debt by turning over majority control of its Atlantic City properties and its Indiana riverboat to investors.

Finally in ’09, Trump Entertainment Resorts was the final straw for Trump’s ventures in the gambling sector. He resigned through the business’s board plus the organization ended up being eventually offered to Carl Icahn in 2016.

He Said, She Stated

According to Real Clear Politics, the latest aggregated polls show Trump with a lead that is slight Clinton 45.6-44.7.

The revelation this week by WikiLeaks that Democratic National Committee seat Debbie Wasserman Schultz ended up being earnestly working against Sanders has brought additional scrutiny to the ticket that is democratic.

Sanders tried to persuade their backers to help Clinton during his speech yesterday, and by many records he succeeded. First Lady Michelle Obama delivered yet another message that is strong also tossed her support behind Clinton.

Three more nights remain for the Democrats as they try and unite and spread their message to the American people. Meanwhile, Donald Trump will tweet and show up on as many news programs as possible.

Sheldon Adelson Upbeat on Macau as Mass Market Gamblers Return

Macau may be entering its third year of decline but Sheldon Adelson is buoyed by the rise in mass market gamblers at Sands China properties in June. (Image: abcnews.go.com)

LVS employer Sheldon Adelson is bullish about an upturn in Macau’s fortunes. Speaking through the Sands China earnings call this week, the billionaire casino mogul stated that after two straight several years of monthly decline for the gaming hub, stabilization had arrived, evidenced by the fact mass market gaming at Sands China properties rose for the time that is first two years in June.

‘I mentioned in January of last 12 months that i really believe we had been seeing the first signs of stabilization in the Macau mass market,’ unfortunate Adelson. ‘Our mass revenue growth in June, despite the arrival of new competition on Cotai, represents a data that is important supporting the ongoing stabilization regarding the Macau mass market.’

LVS stays optimistic despite the actual fact that Sand’s Asia’s total revenues for the quarter that is second of declined 16.4 percent year-on-year to $1.48 billion. Meanwhile, Morgan Stanley has announced that Q2 2016 was Macau’s ‘worst quarter in the final five years,’ across the sector.

Shares Rally

The VIP players that once accounted for a quarter of Macau’s revenues remain conspicuous by their absence, spooked by Beijing’s crackdown on conspicuous consumption and corrupt local government officials. But month that is last mass market gamblers arrived back. And, LVS Chairman Rob Goldstein insisted there is a palpable change in the air.

‘One thing good happened in ‘ he said june. ‘The gaming floors are busy, specially on weekends. Macau is morphing in to the world’s mass market that is greatest. Hopefully we’ll see it for the rest of the summer.’

LVS shares rallied into the wake of the conference call, climbing up to 4.1 % in subsequent trading. Analyst Sanford C. Bernstein & Co said that Sands China’s product offering is ‘one of the best positioned to capitalize on Macau’s paradigm shift’ towards mass market gamblers today.

Parisian on Track for September

Meanwhile, Adelson announced that LVS’s new property on the Cotai Strip, the Parisian Macau, is ‘on track,’ and planned to open September 13th, less than a thirty days after the new Wynn Macau is expected to start its doors.

‘The positioning for the Parisian Macau caters well to both the current Macao market conditions and the long term growth trends in Chinese outbound tourism,’ stated Adelson.

‘The Parisian would have been a themed premium destination where the aspirational appeal of its public areas, destinations and amenities, combined with affordable hotel accommodation, will provide an offering that is complimentary the all-suite resort at The Venetian Macao.’

‘ I’m extremely confident that with the opening of The Parisian, we will see growth in Macau,’ he added.

Native American Casino Sector Generates Strongest Revenue Growth in a Decade

Jonodev O. Chaudhuri, NIGC chairman, said that tribal gaming provides more social benefits for Native Americans than any other driver that is economic. (Image: yogonet.com)

The tribal video gaming industry across America recorded its highest ever income figures this past year, in accordance with the National Indian Gaming Commission (NIGC). Its profits of $29.9 billion represents a five % increase on the previous year and its own growth margin that is best in ten years.

In 2015 there were 474 gambling operations owned by 283 tribes that are separate the united states. Properties based on the Eastern Seaboard had been the revenue generators that are biggest, with the 31 gambling enterprises in the region bringing in a average of $225.8 million each.

Casinos in California and Nevada had been the next performers that are top the 71 properties in the area earned 7.9 billion for the year, and average of $111.3 million each.

Disparity Exists

The NIGC neglects to call specific casinos, preferring instead to deal in broad averages, which highlights overall rosy numbers, while perhaps glossing throughout the great disparity within the casino market that is tribal. A study published earlier this 12 months by the economist Alan Meister, which looked solely at their state of industry in 2014, found that the top two states produced 39 percent of all profits for the sector, whilst the top ten generated 85 percent.

However, Meister acknowledged that the sector in general was outpacing the sector that is commercial regards to development. The Indian Gaming industry bounced right back much more quickly through the Great Recession than its counterpart that is commercial and grown every year since 2009.

‘ The regulation that is strong tribes, in addition to federal regulators and other stakeholders, provides has played a key role in the security and growth of the Indian gaming industry by providing consistency and predictability,’ said NIGC chairman Jonodev O. Chaudhuri, during a news seminar on the Cabazon Band of Mission Indians’ reservation in Indio.

Pioneering Cabazon Band

The setting was chosen because the Cabazon Band was the tribe that first paved the way for all indigenous United states Gaming. Its 1987 legal challenge against the State of California, which argued that the state could not forbid casino gaming on tribal sovereign lands if gambling had been legal somewhere else into the state, was upheld by the US Supreme Court. This paved the way for the creation Indian Gaming Regulatory Act, and, through it, tribal casinos.

‘Indian gaming is fundamentally different than commercial enterprises; it directly provides resources for Indian people including, social solutions, general public works, education, housing, healthcare, crisis services, general public safety and social presentation programs that no other economic driver has yet to supply,’ said Chaudhuri.

Maryland Live Casino Sues Soon-To-Be Rival MGM National Harbor Over High-Roller Lists

The Maryland Live Casino southwest of downtown Baltimore in Arundel Mills has brought a lawsuit against its soon-to-be neighbor and rival MGM nationwide Harbor. The litigation claims that the business behind the $1.2 billion property located just 10 miles from the White House obtained its coveted high-roller listings in ill-gotten means.

The Maryland Live Casino is worried MGM National Harbor (pictured) could ransack its VIPs after it was revealed the venue that is new confidential high-roller directories. (Image: mgmnationalharbor.com)

Maryland Live contends that MGM pursued and hired three of its employees that are former served as hosts to VIPs. Maryland Live believes MGM then convinced at least two of the hosts that are high-roller turn over private lists despite signing ‘No Hire/Non-Compete agreements’ during their previous work.

The way it is ended up being filed within the US District Court in Baltimore. Maryland Live is owned by Cordish worldwide Gaming Group.

The lawsuit states that MGM ‘aided and abetted’ into the scheme, and hired the people based on the knowledge of the VIP gambling crowd in the Washington, DC, and Baltimore metro.

‘Although it is our normal training never to touch upon pending litigation, this lawsuit amounts to nothing more than a thinly disguised attempt to stifle the competition Maryland Live expects from MGM’s nationwide Harbor,’ MGM said in a statement. ‘Maryland Live is resorting to threatening its present and former employees with unenforceable non-compete provisions in hopes of preventing folks from involved in other states whether or not their new employment would compete with Maryland Live.’

Tale of Two Gambling Enterprises

If the MGM National Harbor opens in December, the 2 gambling enterprises will be located just 40 miles apart from a another. Of course, considering the nightmarish traffic in the Baltimore-Washington region, those 40 miles are at times a trip that is all-day.

Regardless, it is too close for comfort for Maryland Live.

First opened in 2012, Maryland Live has essentially had a monopoly on the certain area for the past four years. The venue is considered the most lucrative of the state’s five operational venues, and though it directly competes with the Baltimore Horseshoe, the fight isn’t even shut.

Casinos have grossed $581 million through in 2016, and Maryland Live is responsible for a staggering 57 percent of those revenues june.

Regardless of the Caesars property in downtown Baltimore, the other three casinos are relatively small venues situated in more remote areas compared to Baltimore and Washington, DC.

Maryland Live is rightfully concerned about losing a considerable amount of its players, specifically those with deep pockets, to the glitzy and fancy National Harbor.

Doubling Down

Maryland Live cast the stone that is first the upcoming casino war, and it’s alson’t stopping there.

As Casino.org reported last month, the casino is investing $200 million into its facility to add a 17-story hotel tower. A complete of 310 guest rooms will be accompanied by a new event center, meeting spaces, dining options, and a day spa and salon.

MGM National Harbor will open with 308 hotel rooms.

‘Maryland Live Casino is the gaming that is premier entertainment and retail destination serving the heart of the Baltimore/Washington populace,’ Cordish worldwide Gaming Group President Robert Norton said in June. ‘ The addition of our flagship Live! Hotel is just the investment that is latest we are making to make certain Maryland Live continues to be the favored choice.’

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