Difference between revisions of "User:RahalMccall69"

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@@@ It s the fourth such filing for the struggling casino company or its corporate predecessors. The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of between $100 million and $500 million, and assets of no more than $50,000. It said cost-cutting negotiations with the main casino workers union <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Outlet Store</a> have stalled, and that the company is preparing notices warning employees the Taj Mahal may close on Nov. 13.

Absent expense reductions, particularly concessions from their unions, the Debtors expect that the Taj Mahal will close on or shortly after November 13, 2014 and <a href=http://capstone.edu.sg/clreplicashoes.php>Christian Louboutin Outlet</a>  that all operating units will be terminated between November 13, 2014 and November 27, 2014, the company wrote in its bankruptcy filing.

Donald Trump owns a 10 percent stake in the firm, but no longer controls it. He is suing the company to remove his name from the properties, which he says have fallen into disrepair and do not meet agreed-upon standards of quality and luxury. The company last went through bankruptcy in 2009. Three other Atlantic City casinos have closed this year, as the industry struggles with competition in nearby states. Atlantic City began the year with 12 casinos, but could end it with seven <a href=http://www.symbiose.ca/images/christianlouboutin.gwij.php>Christian Louboutin Sale</a> if the Taj Mahal closes. So far this year, the Atlantic Club, Showboat and Revel have gone out of business, with Trump Plaza closing next Tuesday. If the Taj Mahal closes, Trump Entertainment would have no remaining properties and would presumably go out of business. Wayne Parry can be reached at http://twitter.com/WayneParryAC

Difference between revisions of "User:RahalMccall69"

Revision as of 13:35, 25 September 2014

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-Social safety net programs overseen by Washington s biggest state government agency are running in the red, and the hole likely will require a $25 million patch from the Legislature in January.That s the assessment of Department of Social and Health Services Secretary Kevin Quigley, who described the situation as a budget crisis. He said a surge in calls to Child Protective Services hotlines, higher costs in welfare <a href=http://www.radiorcs.com/page.php?sale=Jimmy-Choo-Perfumes>Jimmy Choo Perfumes</a>  programs and mental hospitals, and information technology needs are all driving his agency s budget shortfall.Quigley said that shortfall is in addition to the $30 million needed to stop the practice of psychiatric boarding, which the state Supreme Court ruled last month must stop. The high court has given  until Dec. 26 to halt the practice of sticking such patients in hospital emergency rooms without appropriate treatment.Beyond the psychiatric boarding issues, the department s shortfall which Quigley estimated at $25 million to $26 million includes a gap in Child Protective Services where calls to hotlines reporting abuse or seeking help have been surging. Quigley thinks he ll need $6 million to $8 million in emergency spending to fix the problem, and he may have to add 50 to 100 more staffers.Calls and investigations have increased by 10 to 15 percent and have led to a backlog of 2,000 cases not handled within the 90-day limit his agency must meet. Quigley said there were about 2,000 cases exceeding that limit when Gov. Jay Inslee took office in early 2013. The agency had since reduced the backlog to about 600 cases, only to see it go back up to 2,000. There should be zero cases open more than 90 days. In fact, there should be zero cases open more than 60 days, in my opinion, he said.One other particular area of concern is the state s mental hospitals, which overspent budgets by about $3 million in the year that ended June 30. These facilities will be $6 million in the hole by the time lawmakers return in January, Quigley said. The big challenge normally is if you don t have funding, you have to close <a href=http://www.avanttravel.com/page.php?sale=Christian-Louboutin-Site>Christian Louboutin Site</a>  a ward. But the Legislature has been quite clear they don t want to close wards, Quigley said. He said lawmakers of both parties deserve credit for raising funding for mental hospitals, but he expects them to have concerns about the management of overtime pay as they try to contain costs. Other costs are rising in welfare programs, which have required extra personnel to process claims. A big piece of potentially $8 million in extra expenses is in information technology and includes a fix for the computer program used to determine eligibility for benefits. Other costs are for doing incapacity exams for disabled people who are in transition to being covered by Social Security and to move community-services staffers in Vancouver from a leased building to a state-owned structure.The agency is having more success sticking to the budget in other areas. Budgets for aging and long-term care, developmental disabilities and juvenile rehabilitation seem to be in good shape, according to the secretary.Top House and Senate budget writers could not be reached immediately for comment Monday. But the welfare programs division known as Community Services recently staged from Senate Republican Leader Mark Schoesler of Ritzville, who called it a splurge.  I m very skeptical <a href=http://www.alportico.net/page.php?sale=Gucci-Bags>Gucci Bags</a>  of their budgeting. I think they always have slush money tucked away (Agencies) always trot out the most needy or cite a court ruling, Schoesler said Monday. But clearly we re not out of budget difficulties and they ve shown real insensitivity. Quigley defended the trainings, which the agency estimated to have cost $217 for each of the more than 2,100 employees who attended two-day workshops in Tacoma. The state paid $17,500 to a humorist and motivational speaker to address each of three workshops, but Quigley said community service offices have high turnover and it makes sense to spend $217 on boosting a staffer s morale than to spend $25,000 training a new worker.
+It s the fourth such filing for the struggling casino company or its corporate predecessors.
- Brad Shannon: 360-753-1688
+The company filed in U.S. Bankruptcy Court in Wilmington, Delaware, saying it has liabilities of between $100 million and $500 million, and assets of no more than $50,000.
+It said cost-cutting negotiations with the main casino workers union <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Outlet Store</a>  have stalled, and that the company is preparing notices warning employees the Taj Mahal may close on Nov. 13.
+  Absent expense reductions, particularly concessions from their unions, the Debtors expect that the Taj Mahal will close on or shortly after November 13, 2014 and <a href=http://capstone.edu.sg/clreplicashoes.php>Christian Louboutin Outlet</a>  that all operating units will be terminated between November 13, 2014 and November 27, 2014, the company wrote in its bankruptcy filing.
+Donald Trump owns a 10 percent stake in the firm, but no longer controls it. He is suing the company to remove his name from the properties, which he says have fallen into disrepair and do not meet agreed-upon standards of quality and luxury.
+The company last went through bankruptcy in 2009.
+Three other Atlantic City casinos have closed this year, as the industry struggles with competition in nearby states.
+Atlantic City began the year with 12 casinos, but could end it with seven <a href=http://www.symbiose.ca/images/christianlouboutin.gwij.php>Christian Louboutin Sale</a>  if the Taj Mahal closes. So far this year, the Atlantic Club, Showboat and Revel have gone out of business, with Trump Plaza closing next Tuesday.
+If the Taj Mahal closes, Trump Entertainment would have no remaining properties and would presumably go out of business.
+Wayne Parry can be reached at http://twitter.com/WayneParryAC