With lots of big news stories breaking over the last seven days so lets take our regular look back at some of the most important

The United States once again found its problems with racism front and center as a twenty one year old white supremacist gunned down nine members of a black church’s congregation in Charleston, South Carolina. Dylann Roof was later arrested and charged with the murders. Also raising issues of gun control the National Rife Association managed to excel itself with one executive stating on the internet that the blame for the deaths lay with the church that wouldn’t allow the congregation to carry weapons of their own. Hastily deleted the comments highlight the US’ dysfunctional relationship with guns.

The financial row between Greece and the Eurozone nations continued last week as both sides failed to agree on proposals for the maintenance of the nation’s crippling debt. Greeks fear the imposition of harsh austerity measures imposed by the EU, European Central Bank and IMF, will further damage their economy and the bankers refuse to unlock bailout funds before the Greeks agree. June 30th sees the deadline for a payment of 1.6 billion Euros on Greek debt and failure to pay might see them exit the currency sparking an even wider crisis.

Casino owner and billionaire buffoon, Donald Trump, a man with a naturally occurring wig and no sense of his own ridiculousness, announced he would be standing as a candidate for President of the United States in 2016 and in a rambling speech at the Trump Tower in Manhattan, squarely placed the blame for the nation’s problems on the shoulders of Mexicans who he seemed to believe were all gun runners, drug dealers and rapists. His entry into an already crowded Republican field ensures this election won’t be short on comedy even as the infighting begins on that side of the aisle.

In sport Tiger Woods’ slump in performance hit a new low as he missed the cut for the US Open fifteen years after winning it by a clear 15 shot lead. With recent performances disappointing many fans are wondering when the star will bounce back and make a rousing return to his winning ways. Will he manage it? You’ll have to read our daily news pages to find out if he does or not, but in the meantime lets look back over some of the major stories we covered over the last seven days.

1. Gambling Results announced one of the greatest sports events in football, Copa America.

Watch the odds and bet (Photo: ESPNFC)

2. Jack Wilshere scored two goals against Slovenia and provided a comeback victory in England’s EURO 2016 qualifier.

Definitely, the man of the game (Photo: Getty Images via The Telegraph)

3. New Jersey lawmakers have a referendum in mind regarding adding more casinos to New Jersey outside Atlantic City.

More casinos, hopefully luckier more successful than the ones in Atlantic City (Photo: Wikipedia)

4. Gambling Results sketched a review of the NBA Finals game three where the Cleveland Cavaliers and the Golden State Warriors played on Tuesday June 9th.

NBA Final, 2015, Game 3 (Photo: nba.com)

5. As the trophy got a little bit closer to one of the teams, Gambling Results thought of presenting the highlights of the NBA Finals game four between the Cleveland Cavaliers and the Golden State Warriors on Thursday July 11.

NBA Final 2015, Game 4 (Photo: nba.com)

6. Taking a look at some transfers in football, we saw Jose Mourinho, Chelsea’s coach showing confidence in Falcao’s recovery.

Fast recovery and top shape, dude! (Photo: NDTV)

7. As last week was all about basketball, we analyzed the NBA Finals games five and six between the Cleveland Cavaliers and the Golden State Warriors in which the Warriors won claiming the 2015 NBA Championship.

NBA 2015: Games 5 and 6 say it all… (Photo: nba.com)

Meanwhile the bravery of a cat was recognized in Los Angeles last week when the Society for the Prevention of Cruelty to Animals presented it’s trophy for National Hero Dog to Tara, a feline, instead.
Tara had run to the aid of its six year old autistic owner who, whilst riding his bike in the front yard, had been attacked by a neighbor’s dog. The cat then bit the dog and chased it away returning to Jeremy’s side. The trophy was suitably amended to read cat not dog before it’s presentation.

With lots of big news stories breaking over the last seven days so lets take our regular look back at some of the most important

The United States once again found its problems with racism front and center as a twenty one year old white supremacist gunned down nine members of a black church’s congregation in Charleston, South Carolina. Dylann Roof was later arrested and charged with the murders. Also raising issues of gun control the National Rife Association managed to excel itself with one executive stating on the internet that the blame for the deaths lay with the church that wouldn’t allow the congregation to carry weapons of their own. Hastily deleted the comments highlight the US’ dysfunctional relationship with guns.

The financial row between Greece and the Eurozone nations continued last week as both sides failed to agree on proposals for the maintenance of the nation’s crippling debt. Greeks fear the imposition of harsh austerity measures imposed by the EU, European Central Bank and IMF, will further damage their economy and the bankers refuse to unlock bailout funds before the Greeks agree. June 30th sees the deadline for a payment of 1.6 billion Euros on Greek debt and failure to pay might see them exit the currency sparking an even wider crisis.

Casino owner and billionaire buffoon, Donald Trump, a man with a naturally occurring wig and no sense of his own ridiculousness, announced he would be standing as a candidate for President of the United States in 2016 and in a rambling speech at the Trump Tower in Manhattan, squarely placed the blame for the nation’s problems on the shoulders of Mexicans who he seemed to believe were all gun runners, drug dealers and rapists. His entry into an already crowded Republican field ensures this election won’t be short on comedy even as the infighting begins on that side of the aisle.

In sport Tiger Woods’ slump in performance hit a new low as he missed the cut for the US Open fifteen years after winning it by a clear 15 shot lead. With recent performances disappointing many fans are wondering when the star will bounce back and make a rousing return to his winning ways. Will he manage it? You’ll have to read our daily news pages to find out if he does or not, but in the meantime lets look back over some of the major stories we covered over the last seven days.

1. Gambling Results announced one of the greatest sports events in football, Copa America.

Watch the odds and bet (Photo: ESPNFC)

2. Jack Wilshere scored two goals against Slovenia and provided a comeback victory in England’s EURO 2016 qualifier.

Definitely, the man of the game (Photo: Getty Images via The Telegraph)

3. New Jersey lawmakers have a referendum in mind regarding adding more casinos to New Jersey outside Atlantic City.

More casinos, hopefully luckier more successful than the ones in Atlantic City (Photo: Wikipedia)

4. Gambling Results sketched a review of the NBA Finals game three where the Cleveland Cavaliers and the Golden State Warriors played on Tuesday June 9th.

NBA Final, 2015, Game 3 (Photo: nba.com)

5. As the trophy got a little bit closer to one of the teams, Gambling Results thought of presenting the highlights of the NBA Finals game four between the Cleveland Cavaliers and the Golden State Warriors on Thursday July 11.

NBA Final 2015, Game 4 (Photo: nba.com)

6. Taking a look at some transfers in football, we saw Jose Mourinho, Chelsea’s coach showing confidence in Falcao’s recovery.

Fast recovery and top shape, dude! (Photo: NDTV)

7. As last week was all about basketball, we analyzed the NBA Finals games five and six between the Cleveland Cavaliers and the Golden State Warriors in which the Warriors won claiming the 2015 NBA Championship.

NBA 2015: Games 5 and 6 say it all… (Photo: nba.com)

Meanwhile the bravery of a cat was recognized in Los Angeles last week when the Society for the Prevention of Cruelty to Animals presented it’s trophy for National Hero Dog to Tara, a feline, instead.
Tara had run to the aid of its six year old autistic owner who, whilst riding his bike in the front yard, had been attacked by a neighbor’s dog. The cat then bit the dog and chased it away returning to Jeremy’s side. The trophy was suitably amended to read cat not dog before it’s presentation.

The week between October 7th and 13th was another busy week around the globe, therefore plenty of news. Good news first:

Formula 1 made a comeback in Russia after 100 years. The Nobel Prize for peace was awarded to Kailash Satyarthi and Malala Yousafzai and the Honorary Dame Grand Cross was awarded to Angelina Jolie by the Queen Elisabeth II of Great Britain.

Moving onto the bad news, another country leader made the news by simply ‘showing up’; Kim Jong Un has made his first public appearance in 40 days. Awful news came from the health sector: a patient diagnosed with Ebola died in the US and another one just got infected in Spain. In Africa, hundreds are still dying. People have died in India as well due to Cyclone Hudhud and in Hong Kong, protesters were still marching for democracy.

The gambling news were interesting as well. Let’s take a look at the pics, first!

1. Singapore failed at choosing words in the campaign against gambling but succeed in banning gambling activities.

Clearly, the campaigners were not bettors… or football fans (Photo: Reuters)

2. The Trump name shall only be associated with ‘high standards of luxury’. It was decided in court that the famous surname will be removed from Trump Plaza and Trump Taj Mahal, now tapped out casinos.

Donald Trump maintains successful reputation (Photo: Timothy A. Clary/Getty)

3. Phil Ivey’s case of edge-sorting and exploiting casino’s failures was declared cheating, in court. The poker player will not have access to his winnings.

Phil Ivey lost GBP 7.7 million (Photo: ESPN)

4. Floyd Mayweather showed everybody that he is not only a good sportsman, but also a good sports bettor. And a very, very rich man.

That’s how a ‘long count’ looks like outside the boxing ring (Photo: Daily Mail)

5. New and stricter gambling laws are expected in the Czech Republic. Foreign gambling operators are welcomed as well in a hope to boost tax revenues.

Czech Finance Minister, Andrej Babiš announced new gambling laws (Photo: Jan Zatorsky)

6. New gambling laws, new taxes in the UK as well. The Court granted ‘green light’ for implementing the anticipated legal amendments, despite Gibraltar Betting and Gaming Association objections.

UK judges denied Gibraltar Betting and Gaming Association’s appeal (Photo: UPPA Ltd)

7. Ka-Ching! 350 people bought vintage gambling machines worth $2,381,700 at the Victorian Casino Antiques auction. The unique gambling items once belonged to the iconic Las Vegas Harrah’s Hotel and Casino.

When in doubt, go vintage! (Photo: VCA Auction)

That was it for the past seven days. If you want to stay informed with the latest gambling news, read the Gambling Results’ top stories section!

The week between October 7th and 13th was another busy week around the globe, therefore plenty of news. Good news first:

Formula 1 made a comeback in Russia after 100 years. The Nobel Prize for peace was awarded to Kailash Satyarthi and Malala Yousafzai and the Honorary Dame Grand Cross was awarded to Angelina Jolie by the Queen Elisabeth II of Great Britain.

Moving onto the bad news, another country leader made the news by simply ‘showing up’; Kim Jong Un has made his first public appearance in 40 days. Awful news came from the health sector: a patient diagnosed with Ebola died in the US and another one just got infected in Spain. In Africa, hundreds are still dying. People have died in India as well due to Cyclone Hudhud and in Hong Kong, protesters were still marching for democracy.

The gambling news were interesting as well. Let’s take a look at the pics, first!

1. Singapore failed at choosing words in the campaign against gambling but succeed in banning gambling activities.

Clearly, the campaigners were not bettors… or football fans (Photo: Reuters)

2. The Trump name shall only be associated with ‘high standards of luxury’. It was decided in court that the famous surname will be removed from Trump Plaza and Trump Taj Mahal, now tapped out casinos.

Donald Trump maintains successful reputation (Photo: Timothy A. Clary/Getty)

3. Phil Ivey’s case of edge-sorting and exploiting casino’s failures was declared cheating, in court. The poker player will not have access to his winnings.

Phil Ivey lost GBP 7.7 million (Photo: ESPN)

4. Floyd Mayweather showed everybody that he is not only a good sportsman, but also a good sports bettor. And a very, very rich man.

That’s how a ‘long count’ looks like outside the boxing ring (Photo: Daily Mail)

5. New and stricter gambling laws are expected in the Czech Republic. Foreign gambling operators are welcomed as well in a hope to boost tax revenues.

Czech Finance Minister, Andrej Babiš announced new gambling laws (Photo: Jan Zatorsky)

6. New gambling laws, new taxes in the UK as well. The Court granted ‘green light’ for implementing the anticipated legal amendments, despite Gibraltar Betting and Gaming Association objections.

UK judges denied Gibraltar Betting and Gaming Association’s appeal (Photo: UPPA Ltd)

7. Ka-Ching! 350 people bought vintage gambling machines worth $2,381,700 at the Victorian Casino Antiques auction. The unique gambling items once belonged to the iconic Las Vegas Harrah’s Hotel and Casino.

When in doubt, go vintage! (Photo: VCA Auction)

That was it for the past seven days. If you want to stay informed with the latest gambling news, read the Gambling Results’ top stories section!

Donald Trump got what he wanted: his name is being taken off the now-bankrupt Trump Plaza casino in Atlantic City.

This week began with good news for Donald Trump. The business magnate won his case against Trump Entertainment Resorts, where he asked to have his name taken off the Atlantic City casinos. In fact, Donald Trump and his daughter Ivanka asked that the name be stripped from the company altogether.

Workers started taking down the letters spelling out Trump’s name on Monday morning. They also removed slot machines from the old Trump Plaza, after the casino shut down on September 16. Meanwhile, the Taj Mahal is also struggling and could close in November.

Trump’s lawyers argued in front of the court that the businessman doesn’t want to have his name associated with a company that left two casinos fall into such disrepair. Trump Entertainment violated quality standards that both sides had agreed upon, they said.

AP News: APNEWSBREAK: Trump Name Coming off Closed Casino

While Trump Entertainment is trying to figure out a way to save what’s left of its business, the latest gambling news
is talking about Trump’s victory in court.

“This is a very important step for us,” Ivanka Trump told reporters at The Associated Press. “It was pretty cut and dry: when we gave them a license to use our name, it was contingent on quality control and performance. They did not meet the high standards of luxury in every other asset in the Trump brand.”

The company declined to comment on the case.

Trump Plaza closed at the middle of September, but the businessman’s name was still up there. The mogul is simultaneously seeking to have his name removed from the Taj Mahal, and from Trump Entertainment Resorts. At the same time, his daughter said he is considering buying the casino, to save it from bankruptcy.

The investor sent out a statement emphasizing that he has had nothing to do with the company – other than associating his name with it – since 2009.

“I am saddened to see that the current managers and owners of the Trump Plaza and Trump Taj Mahal were unable to operate these properties to the highest standards of luxury and success as required under the license agreement and consistent with my name and reputation.”

“Because of constant defaults of the standards stipulated in the license agreement, I had no choice but to terminate the license agreement and require TER to remove the Trump name from both buildings,” he explained.

CNN: The Donald wins. Trump name coming off casino
Donald Trump got his way and his name will be peeled off the façade of the Trump Plaza Casino. A spokesperson for the company said removing the letters from the building will take a few weeks. The magnate sued Trump Entertainment Resorts, the company that runs the venue, asking that his name be removed from both the Plaza and the Taj Mahal.

“We have a very high standard and they didn’t meet it,” the businessman explained in an interview with CNN Money. “We essentially won the suit.”

The Taj Mahal is expected to shut down on November 13, after several attempts of saving it from bankruptcy have failed. Trump Plaza closed in September, becoming the fourth Atlantic City casino to go out of business this year and causing 8,000 people to lose their jobs. At this point, it seems like not even gambling laws or tax exemptions can save these businesses from bankruptcy.

“Atlantic City needs a total remake,” Trump said.

Trump built and owned both casinos in the beginning, but he decided to sell them seven years ago. Since then, he has been licensing his name and image to the new owners. The lawsuit was filed in August, when the investor accused Trump Entertainment Resorts of neglecting the venues and letting them “fall into an utter state of disrepair”.

The license agreement stipulated the brand’s “superior reputation” should be used in a “dignified manner”, offering the “highest quality”. But the business magnate said these standards weren’t met.

The Guardian: Atlantic City casino to be stripped of Trump name

Trump Entertainment has gone out of business and is in bankruptcy court in Delaware, where it is trying to get permission to terminate pension plans for the Taj Mahal’s 2,800 employees. Last week, the judge refused to allow it for now, but scheduled more hearings on the casino’s proposal to cut costs.

The company’s plans for financial recovery include the elimination of employee pensions and healthcare benefits, supported by a $100 million investment from billionaire Carl Icahn. Trump Entertainment said that it would not be able to survive without these two vital measures, and added that it would have to close either on or before November 13.

While holding most of the company’s debt, Icahn said he would be willing to consider buying the Taj Mahal by converting the debt into ownership rights. But the offer doesn’t stand if the local government doesn’t make a few serious concessions. The investor has requested that Atlantic City drastically reduce property taxes on the casino.

Donald Trump still owns a 9% stake in Trump Entertainment, but the company is virtually worthless now. He and his daughter believe having their names associated with the two bankrupt casinos bring harm to their personal and professional reputation.

Donald Trump got what he wanted: his name is being taken off the now-bankrupt Trump Plaza casino in Atlantic City.

This week began with good news for Donald Trump. The business magnate won his case against Trump Entertainment Resorts, where he asked to have his name taken off the Atlantic City casinos. In fact, Donald Trump and his daughter Ivanka asked that the name be stripped from the company altogether.

Workers started taking down the letters spelling out Trump’s name on Monday morning. They also removed slot machines from the old Trump Plaza, after the casino shut down on September 16. Meanwhile, the Taj Mahal is also struggling and could close in November.

Trump’s lawyers argued in front of the court that the businessman doesn’t want to have his name associated with a company that left two casinos fall into such disrepair. Trump Entertainment violated quality standards that both sides had agreed upon, they said.

AP News: APNEWSBREAK: Trump Name Coming off Closed Casino

While Trump Entertainment is trying to figure out a way to save what’s left of its business, the latest gambling news
is talking about Trump’s victory in court.

“This is a very important step for us,” Ivanka Trump told reporters at The Associated Press. “It was pretty cut and dry: when we gave them a license to use our name, it was contingent on quality control and performance. They did not meet the high standards of luxury in every other asset in the Trump brand.”

The company declined to comment on the case.

Trump Plaza closed at the middle of September, but the businessman’s name was still up there. The mogul is simultaneously seeking to have his name removed from the Taj Mahal, and from Trump Entertainment Resorts. At the same time, his daughter said he is considering buying the casino, to save it from bankruptcy.

The investor sent out a statement emphasizing that he has had nothing to do with the company – other than associating his name with it – since 2009.

“I am saddened to see that the current managers and owners of the Trump Plaza and Trump Taj Mahal were unable to operate these properties to the highest standards of luxury and success as required under the license agreement and consistent with my name and reputation.”

“Because of constant defaults of the standards stipulated in the license agreement, I had no choice but to terminate the license agreement and require TER to remove the Trump name from both buildings,” he explained.

CNN: The Donald wins. Trump name coming off casino
Donald Trump got his way and his name will be peeled off the façade of the Trump Plaza Casino. A spokesperson for the company said removing the letters from the building will take a few weeks. The magnate sued Trump Entertainment Resorts, the company that runs the venue, asking that his name be removed from both the Plaza and the Taj Mahal.

“We have a very high standard and they didn’t meet it,” the businessman explained in an interview with CNN Money. “We essentially won the suit.”

The Taj Mahal is expected to shut down on November 13, after several attempts of saving it from bankruptcy have failed. Trump Plaza closed in September, becoming the fourth Atlantic City casino to go out of business this year and causing 8,000 people to lose their jobs. At this point, it seems like not even gambling laws or tax exemptions can save these businesses from bankruptcy.

“Atlantic City needs a total remake,” Trump said.

Trump built and owned both casinos in the beginning, but he decided to sell them seven years ago. Since then, he has been licensing his name and image to the new owners. The lawsuit was filed in August, when the investor accused Trump Entertainment Resorts of neglecting the venues and letting them “fall into an utter state of disrepair”.

The license agreement stipulated the brand’s “superior reputation” should be used in a “dignified manner”, offering the “highest quality”. But the business magnate said these standards weren’t met.

The Guardian: Atlantic City casino to be stripped of Trump name

Trump Entertainment has gone out of business and is in bankruptcy court in Delaware, where it is trying to get permission to terminate pension plans for the Taj Mahal’s 2,800 employees. Last week, the judge refused to allow it for now, but scheduled more hearings on the casino’s proposal to cut costs.

The company’s plans for financial recovery include the elimination of employee pensions and healthcare benefits, supported by a $100 million investment from billionaire Carl Icahn. Trump Entertainment said that it would not be able to survive without these two vital measures, and added that it would have to close either on or before November 13.

While holding most of the company’s debt, Icahn said he would be willing to consider buying the Taj Mahal by converting the debt into ownership rights. But the offer doesn’t stand if the local government doesn’t make a few serious concessions. The investor has requested that Atlantic City drastically reduce property taxes on the casino.

Donald Trump still owns a 9% stake in Trump Entertainment, but the company is virtually worthless now. He and his daughter believe having their names associated with the two bankrupt casinos bring harm to their personal and professional reputation.

The situation of the Trump Taj Mahal seems hopeless after Atlantic City officials refused to reduce taxes in order to save the casino.

In May 1984, when Trump Plaza opened its doors to customers, it became Atlantic City’s 10th casino. The venue’s financial problems became evident this year, and by the middle of September owners were left with no other option but to close it.

The entire city is dealing with a huge budget deficit and several casinos have gone out of business this year, as the gambling Mecca is falling under the pressure of competition from neighboring states. In order to recover from the financial disaster, workers will be laid off and taxes on homes and businesses will be raised, as local authorities are planning to cut $40 million from the city’s budget over the next four years.

Out of the state’s 12 casinos, four have already closed. The Trump Taj Mahal Casino and Resort would be the fifth one, with Trump Entertainment threatening to shut it down mid-November. So far, all plans to save the venue have failed.

ABC News: AP: Mayor Nixes Tax Break to Save Taj Mahal Casino

According to the latest gambling news, Atlantic City Mayor Don Guardian has rejected a proposal to revive the Trump Taj Mahal Casino Resort. The city cannot afford to meet the owners’ demands for reduced taxes, the mayor explained in an interview with the Associated Press.

In the proposal, the venue’s owners asked local authorities to reduce the tax assessments of Trump Plaza from $248 million to $40 million. The hotel and casino complex closed at the middle of September. In addition, the company asked for another reduction – from $1 billion to $300 million – for the Taj Mahal.

“Given the difficult economic situation in Atlantic City, we are not in a position to accept these requests,” Mayor Don Guardian told reporters. “We cannot afford those demands.”

With these plans being rejected, the city will most likely say “no” to another offer proposed by billionaire businessman Carl Icahn, leaving the struggling venue with no other options. The entrepreneur has promised to bail the casino out with a $100 million investment, but the project comes with strings attached.

Now it looks like Trump Entertainment could close the Taj Mahal at the middle of November.

CTV News: Billionaire may invest $100M save Trump’s Taj Mahal Casino

Billionaire businessman Carl Icahn is considering spending $100 million to save the now-bankrupt Trump Taj Mahal Casino Resort, but his offer comes with considerable strings attached. The investor said he will bail the venue out “if and only if” he gets givebacks from the workers’ union, $25 million in funds from an agency in New Jersey, and tax breaks regardless of the state’s current taxation and gambling laws.

At a recent appearance in bankruptcy court, Trump Entertainment Resorts presented a letter from the businessman’s lawyer, detailing his conditions for saving the casino and asking that the debt he owns in it be converted to equity that would give him ownership.

“Notwithstanding the fact that putting more money into the Taj is a questionable business decision, we share the company’s desire to see the Taj Mahal remain open and preserve the jobs of the company’s employees,” the attorney wrote, adding that failing to get the concessions “would make it impossible to operate a viable company at this time.”

The court filing paints a dismal picture of the casino’s current financial situation and argues there is no hope for survival without Icahn’s investment. Trump Entertainment said it was going to close the venue in November, leaving 2,041 full-time and 825 part-time employees without work.

Union president Bob McDevitt warned that the businessman is “seeking to take advantage of the Atlantic City crisis to do away with the health care thousands of south Jersey casino workers and their families have fought for and relied upon for over 30 years,” and added that his proposal aims to cut total compensation for workers.

Wall Street Journal: Trump Eyes Possible Return to Atlantic City

Billionaire Donald Trump is considering buying back two casinos in Atlantic City, both of them bearing his name, but still wants his name removed from the properties. The businessman hasn’t been involved in the management of either the Trump Taj Mahal, or the Trump Plaza for seven years now. Moreover, he told the Wall Street Journal that he disagrees with the way the venues are being run.

“We have a very high standard” in the licensing contract, he told reporters, “and they don’t operate it to our standards.”

“I’d fix them and bring them back to a very high standard,” Trump said. While acknowledging that Atlantic is in a “very difficult place”, he added: “I think a smaller Atlantic City maybe has a chance.”

Trump’s lawyers argued in court that the licensing contract requires operators to maintain “the highest levels of quality, luxury, prestige, and success,” which the plaintiff believes were not met. Inspectors of Trump AC have found a “serious deficiency in quality” and demanded that they be fixed. The casinos responded, claiming they had a plan to address the “deplorable conditions” at the Plaza, but further notices culminated in a lawsuit where Trump asked for his name to be removed from the business.

The casinos were originally developed by Trump and have come close to bankruptcy before. The real-estate mogul is no longer involved in the management of these casinos, but still owns 5% of Trump Entertainment.

The situation of the Trump Taj Mahal seems hopeless after Atlantic City officials refused to reduce taxes in order to save the casino.

In May 1984, when Trump Plaza opened its doors to customers, it became Atlantic City’s 10th casino. The venue’s financial problems became evident this year, and by the middle of September owners were left with no other option but to close it.

The entire city is dealing with a huge budget deficit and several casinos have gone out of business this year, as the gambling Mecca is falling under the pressure of competition from neighboring states. In order to recover from the financial disaster, workers will be laid off and taxes on homes and businesses will be raised, as local authorities are planning to cut $40 million from the city’s budget over the next four years.

Out of the state’s 12 casinos, four have already closed. The Trump Taj Mahal Casino and Resort would be the fifth one, with Trump Entertainment threatening to shut it down mid-November. So far, all plans to save the venue have failed.

ABC News: AP: Mayor Nixes Tax Break to Save Taj Mahal Casino

According to the latest gambling news, Atlantic City Mayor Don Guardian has rejected a proposal to revive the Trump Taj Mahal Casino Resort. The city cannot afford to meet the owners’ demands for reduced taxes, the mayor explained in an interview with the Associated Press.

In the proposal, the venue’s owners asked local authorities to reduce the tax assessments of Trump Plaza from $248 million to $40 million. The hotel and casino complex closed at the middle of September. In addition, the company asked for another reduction – from $1 billion to $300 million – for the Taj Mahal.

“Given the difficult economic situation in Atlantic City, we are not in a position to accept these requests,” Mayor Don Guardian told reporters. “We cannot afford those demands.”

With these plans being rejected, the city will most likely say “no” to another offer proposed by billionaire businessman Carl Icahn, leaving the struggling venue with no other options. The entrepreneur has promised to bail the casino out with a $100 million investment, but the project comes with strings attached.

Now it looks like Trump Entertainment could close the Taj Mahal at the middle of November.

CTV News: Billionaire may invest $100M save Trump’s Taj Mahal Casino

Billionaire businessman Carl Icahn is considering spending $100 million to save the now-bankrupt Trump Taj Mahal Casino Resort, but his offer comes with considerable strings attached. The investor said he will bail the venue out “if and only if” he gets givebacks from the workers’ union, $25 million in funds from an agency in New Jersey, and tax breaks regardless of the state’s current taxation and gambling laws.

At a recent appearance in bankruptcy court, Trump Entertainment Resorts presented a letter from the businessman’s lawyer, detailing his conditions for saving the casino and asking that the debt he owns in it be converted to equity that would give him ownership.

“Notwithstanding the fact that putting more money into the Taj is a questionable business decision, we share the company’s desire to see the Taj Mahal remain open and preserve the jobs of the company’s employees,” the attorney wrote, adding that failing to get the concessions “would make it impossible to operate a viable company at this time.”

The court filing paints a dismal picture of the casino’s current financial situation and argues there is no hope for survival without Icahn’s investment. Trump Entertainment said it was going to close the venue in November, leaving 2,041 full-time and 825 part-time employees without work.

Union president Bob McDevitt warned that the businessman is “seeking to take advantage of the Atlantic City crisis to do away with the health care thousands of south Jersey casino workers and their families have fought for and relied upon for over 30 years,” and added that his proposal aims to cut total compensation for workers.

Wall Street Journal: Trump Eyes Possible Return to Atlantic City

Billionaire Donald Trump is considering buying back two casinos in Atlantic City, both of them bearing his name, but still wants his name removed from the properties. The businessman hasn’t been involved in the management of either the Trump Taj Mahal, or the Trump Plaza for seven years now. Moreover, he told the Wall Street Journal that he disagrees with the way the venues are being run.

“We have a very high standard” in the licensing contract, he told reporters, “and they don’t operate it to our standards.”

“I’d fix them and bring them back to a very high standard,” Trump said. While acknowledging that Atlantic is in a “very difficult place”, he added: “I think a smaller Atlantic City maybe has a chance.”

Trump’s lawyers argued in court that the licensing contract requires operators to maintain “the highest levels of quality, luxury, prestige, and success,” which the plaintiff believes were not met. Inspectors of Trump AC have found a “serious deficiency in quality” and demanded that they be fixed. The casinos responded, claiming they had a plan to address the “deplorable conditions” at the Plaza, but further notices culminated in a lawsuit where Trump asked for his name to be removed from the business.

The casinos were originally developed by Trump and have come close to bankruptcy before. The real-estate mogul is no longer involved in the management of these casinos, but still owns 5% of Trump Entertainment.