Very First Lady Michelle Obama energized the audience during the Democratic National Convention on the shared typical theme that Donald Trump just isn’t fit for the Oval workplace.
Donald Trump spent a quarter-century owning businesses in Atlantic City. The billionaire Republican Party nominee has repeatedly trumpeted his success in the east coast gambling mecca throughout the course of his campaign.
‘I made a lot of cash in Atlantic City and left seven years ago, great timing,’ Trump tweeted earlier this thirty days.
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 involving the Bernie Sanders faithful and presumptive nominee Hillary Clinton, one thing most in attendance in Philadelphia at the Democratic National Convention (DNC) can agree on is that Donald Trump is not qualified to be president.
His record in Atlantic City is a prime example for Democrats whom argue Trump isn’t looking out for the American people.
‘Trump says he’d run our country like he has run their companies,’ nj-new Jersey Senator Cory Booker said in delivering a speech that is passionate. ‘ I’m from New Jersey, and we have seen the method 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 . . . Constantly to safeguard his own cash and stick 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 is absolutely nothing but a bully who got rich at the cost of the tiny people.
So who’s to think? In fact, both are right, and both are being truly a little dishonest.
Trump has never personally filed for bankruptcy, but businesses he is owned have.
The first came in 1991 when the Trump Taj Mahal in Atlantic City declared Chapter 11 bankruptcy. The filing was damaging for Trump who was 45-years-old during 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 year that is following Castle Associates, owners associated with the Trump Plaza in new york and Trump Plaza Hotel and Casino and Trump Castle Resort in Atlantic City, also filed for bankruptcy. The real estate businessman forfeited half of his stake in the New York Plaza to the banks.
Twelve years later, Trump Hotel & Casino Resorts shed $500 million with debt by switching over majority control of its Atlantic City properties and its Indiana riverboat to investors.
Finally in 2009, Trump Entertainment Resorts was the straw that is last Trump’s ventures into the gambling sector. He resigned from the company’s board plus the organization ended up being eventually sold 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 Chair Debbie Wasserman Schultz was actively working against Sanders has brought additional scrutiny to the ticket that is democratic.
Sanders attempted to persuade his backers to support Clinton during his message yesterday, and also by many records he succeeded. First Lady Michelle Obama delivered yet another message that is strong also tossed her support behind Clinton.
Three more evenings remain for the Democrats as they try and unite and spread their message to your American people. Meanwhile, Donald Trump will tweet and show up on as many news programs as feasible.
Sheldon Adelson Upbeat on Macau as Mass Market Gamblers Return
Macau may be entering its year that is third of 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 during the Sands China earnings call this week, the billionaire casino mogul said that after two straight several years of month-to-month decline for the gaming hub, stabilization had arrived, evidenced by the fact that mass market gaming at Sands China properties rose for the very first time in two years in June.
‘we pointed out in January of last year that i really believe we had been seeing the very first indications of stabilization in the Macau mass market,’ sad Adelson. ‘Our mass revenue growth in June, regardless of the arrival of the latest competition on Cotai, represents an important data point giving support to the ongoing stabilization associated with the Macau mass market.’
LVS remains positive despite the fact that Sand’s Asia’s total profits for the second quarter of 2016 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.
The VIP players that once accounted for a quarter of Macau’s profits stay conspicuous by their absence, spooked by Beijing’s crackdown on conspicuous consumption and corrupt local federal government officials. But last thirty days the mass market gamblers arrived back. And, LVS Chairman Rob Goldstein insisted there’s a change that is palpable the air.
‘One thing good occurred in June,’ he stated. ‘The gaming floors are busy, specially on weekends. Macau is morphing in to the earth’s greatest mass market. Hopefully we’ll view it for all of those other summer.’
LVS shares rallied within the wake of the conference call, climbing up to 4.1 percent in subsequent trading. Analyst Sanford C. Bernstein & Co said today that Sands China’s product offering is ‘one of this best positioned to capitalize on Macau’s paradigm shift’ towards mass market gamblers.
Parisian on the right track for September
Meanwhile, Adelson announced that LVS’s brand new home on the Cotai Strip, the Parisian Macau, is ‘on track,’ and planned to open September 13th, less than a thirty days after the Wynn that is new Macau expected to start its doors.
‘The placement for the Parisian Macau caters well to both the existing Macao market conditions and the term that is long trends in myfreepokies.com Chinese outbound tourism,’ said 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 a complimentary offering to the all-suite resort during The Venetian Macao.’
‘ I’m extremely confident that with the opening of The Parisian, we shall see growth in Macau,’ he added.
Native United States Casino Sector Generates Strongest Revenue Growth in a Decade
Jonodev O. Chaudhuri, NIGC chairman, stated that tribal gaming provides more social benefits for Native Americans than any other economic driver. (Image: yogonet.com)
The tribal video gaming industry across America recorded its highest ever revenue figures a year ago, based on the National Indian Gaming Commission (NIGC). Its earnings of $29.9 billion represents a five % increase regarding the previous 12 months and its best growth margin in ten years.
In 2015 there were 474 gambling operations owned by 283 separate tribes across the country. Properties considering the Eastern Seaboard were the biggest income generators, with the 31 casinos 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 region earned 7.9 billion for the 12 months, and average of $111.3 million each.
The NIGC neglects to name specific casinos, preferring rather to deal in broad averages, which highlights overall rosy numbers, while perhaps glossing throughout the great disparity into the tribal casino market. A study published earlier this by the economist Alan Meister, which looked solely at the state of the market in 2014, found that the top two states generated 39 percent of all revenues for the sector, while the top ten generated 85 percent year.
However, Meister acknowledged that the sector in general was outpacing the commercial sector in regards to growth. The Indian Gaming industry bounced straight 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 an integral part in the stability and growth of the Indian gaming industry by providing consistency and predictability,’ stated NIGC chairman Jonodev O. Chaudhuri, during a news conference on the Cabazon Band of Mission Indians’ reservation in Indio.
Pioneering Cabazon Band
The setting have been chosen because the Cabazon Band was the tribe that first paved the way for several American that is native Gaming. Its 1987 challenge that is legal the State of California, which argued that a state could not forbid casino gaming on tribal sovereign lands if gambling had been appropriate elsewhere 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 gambling enterprises.
‘Indian gaming is fundamentally different than commercial enterprises; it directly provides resources for Indian people including, social services, public works, training, housing, healthcare, crisis services, general public security and social presentation programs that no other economic driver has yet to produce,’ 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 MGM National that is rival Harbor. The litigation claims that the business behind the $1.2 billion property located just 10 miles through the White House obtained its coveted high-roller lists in ill-gotten methods.
The Maryland Live Casino is worried MGM National Harbor (pictured) could ransack its VIPs after it had been revealed the venue that is new confidential high-roller directories. (Image: mgmnationalharbor.com)
Maryland Live contends that MGM pursued and hired three of its former employees who served as hosts to VIPs. Maryland Live believes MGM then convinced at least two regarding the high-roller hosts to turn over confidential lists despite signing ‘No Hire/Non-Compete agreements’ during their previous work.
The way it is had been filed within the US District Court in Baltimore. Maryland Live is owned by Cordish Global Gaming Group.
The lawsuit states that MGM ‘aided and abetted’ within the scheme, and hired the individuals based on the knowledge of the VIP gambling crowd in the Washington, DC, and Baltimore metro.
‘Although it’s our normal practice never to comment on pending litigation, this lawsuit amounts to nothing more than an attempt that is thinly disguised 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 Casinos
As soon as the MGM National Harbor opens in the two casinos will be located just 40 miles apart from one another december. Of program, considering the nightmarish traffic in the Baltimore-Washington region, those 40 miles are at times an all-day trip.
Regardless, it is too close for comfort for Maryland Live.
First opened in 2012, Maryland Live has essentially had a monopoly on the area for the past four years. The venue is considered the most profitable of the state’s five venues that are operational and though it directly competes with the Baltimore Horseshoe, the battle 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.
Irrespective of the Caesars home in downtown Baltimore, one other three casinos are relatively venues that are small in more remote areas compared to Baltimore and Washington, DC.
Maryland Live is rightfully concerned about losing an amazing chunk of its players, particularly those with deep pockets, to your glitzy and National that is flashy Harbor.
Maryland Live cast the first stone in the future casino war, and it isn’t stopping here.
As Casino.org reported last month, the casino is investing $200 million into its facility to put in a 17-story hotel tower. An overall total of 310 guest rooms will be accompanied with a new event center, meeting areas, dining options, and a day spa and salon.
MGM nationwide Harbor will open with 308 hotel rooms.
‘Maryland Live Casino could be the premier gaming, entertainment and retail destination serving the heart of the Baltimore/Washington populace,’ Cordish Global Gaming Group President Robert Norton said in June. ‘ The addition of our flagship Live! resort is simply the latest investment we are making to ensure Maryland Live continues to be the favored choice.’