NEW YORK U.S. authorities arrested dozens of suspected Mafia members on Thursday, charging them with extortion, loan sharking, smuggling, arson, gun trafficking and other crimes. A federal indictment unsealed in New York tied 46 suspects to four of the city’s five major Mafia outfits – the Genovese, Gambino, Luchese and Bonanno families. Other suspects were…
After nearly 15 years in prison for a massive embezzlement scandal at Israel’s now defunct Trade Bank, the institution’s former deputy chief of investment, Eti Alon, was set to be released home Thursday before finishing her 17-year sentence. An Israel Prison Service parole board accepted an appeal by Alon to commute her sentence after…
When Donald Trump opened the Trump Taj Mahal in Atlantic City in 1990, the superlatives flowed like cheap champagne. It was worlds biggest casino. It had the most slot machines and gambling tables. It had twice as many parking spaces than any other in Atlantic City. The Taj Mahals run as the greatest didnt last…
Chinese robot makers are heading towards a debt-filled crisis as the increasingly overcrowded market for automated machines reaches overcapacity. Dozens of Chinese cities have opened industrial robotics parks in recent years in an attempt to place themselves at the forefront of the industry. The parks are largely funded by a local government finance vehicle (LGFV),…
A robot is presented at Wuhu robotics center in Wuhu Thomson Reuters By Nathaniel Taplin WUHU, China (Reuters) – Down a side street bracketed by massage parlors and cheap hotels in this city on the banks of the Yangtze river, a humanoid food service robot trundles around the corner of a table in a cafe,…
Down a side street bracketed by massage parlors and cheap hotels in this city on the banks of the Yangtze river, a humanoid food service robot trundles around the corner of a table in a cafe, red eyes flashing in tune with synthesized classical music. The Wuhu Hands On Café’s waiter, named “Hero,” has no…
New Jersey’s fiscally distressed gambling hub Atlantic City has made its scheduled $3.475 million debt service payments, Mayor Don Guardian said on Tuesday, avoiding what could have been the first default in the state since the Great Depression. The payments were made on their Monday due date, Guardian said in a statement, even though the…
(Adds mayor comment, details of loan) By Hilary Russ Aug 2 New Jersey’s fiscally distressed gambling hub Atlantic City has made its scheduled $3.475 million debt service payments, Mayor Don Guardian said on Tuesday, avoiding what could have been the first default in the state since the Great Depression. The payments were made on their…
Atlantic City is crafting a recovery plan to prevent New Jersey from taking over the distressed seaside gambling hub. Bondholders are betting it wont entail default. Local officials have tapped three firms for a financial blueprint that must be approved in November or the state can assume unprecedented control over the citys finances. Mayor Don…
Malcolm Turnbull’s most contentious investment, a failed sports media company that lost almost $100 million and sparked a conflict-of-interest row over online gambling, has come back to life. PlayUP, the sports startup Mr Turnbull helped bankroll in 2012, went into liquidation in February. It is to be re-launched this year. Luckier than some … Malcom…
