ï»¿Tricky Rock Atlantic City Targets Memorial Day 2018 Opening
Tricky Rock Atlantic City will reopen to guests Memorial that is next Day should the company’s $500 million renovation remain on schedule.
When the former Trump Taj Mahal opens as complex Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That’s in accordance with company officials who say the facelift will transform the Trump that is former Taj property into a rock ‘n’ roll-themed casino resort.
Hard Rock, owned by the Seminole Tribe of Florida, purchased the shuttered Taj Mahal in March for just $50 million, pennies on the dollar compared to what President Donald Trump paid to construct the resort in the late 1980s. The previous estate that is real and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk place.
Appearing ahead of the Casino Reinvestment Development Authority (CRDA), complex Rock International Senior VP of Design and Construction Joe Emanuele revealed, ‘We hope to start demolition by next month and construction that is full August.’
Upping the Ante
Tough Rock had initially planned to invest $300 million energizing the Taj, but upon further inspection, noticed more capital was required to rid the Indian-themed décor.
‘The amount of money we will need to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen stated final month. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, Hard Rock Atlantic City will offer 2,400 slot machines and 130 dining table games when it reopens. It will also feature two separate concert venues that will have a way to accommodate over 7,000 people.
The Hard Rock Café, which has been around operation at the Taj since 1996, will also receive a slight makeover. The rock memorabilia restaurant will be expanded to 400 seats.
CRDA Chairman Robert Mulcahy celebrated tricky Rock’s commitment to Atlantic City by saying, ‘The prepared renovations will transform the 4.2 million square feet of defunct casino hotel space into a state-of-the-art casino, hotel, retail, dining and entertainment facility, increasing employment opportunities and strengthening Atlantic City and nj’s economies.’
Atlantic City Investments
Hard Rock isn’t the casino that is only hospitality company that is bullish on Atlantic City. With total gaming win up over 11 % to date (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the New Jersey town year.
Executives from MGM Resorts and Caesars recently met with Governor Chris Christie (R) to discuss investments that are further Atlantic City. Both executives revealed their companies would be devoting additional resources to their Atlantic City properties in the coming months though details were scarce during the governor’s press conference with MGM CEO Jim Murren and Caesars boss Mark Frissora.
The question that is biggest on the Boardwalk is really what will happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the city’s rules and obtain a gambling permit to reopen the casino.
The $2.4 billion resort is a consistent reminder of the economic turbulence Atlantic City endured over the last decade. A total of five casinos closed between 2014 and last fall, including two former properties owned by President Trump, Trump Plaza and Trump Taj Mahal.
DraftKings and Fan Duel Losing Hundreds of Millions, According to Leaked Documents
DraftKings and FanDuel are hemorrhaging money, according to a 106-page merger document circulated by FanDuel to its investors back January, and leaked to AXIOS this week.
DraftKings and FanDuel have never been profitable but leaked documents revealed the scale of losses this including an astonishing $509 million loss for DraftKings recorded in 2015 week. (Image: Tech Crunch)
AXIOS reports that DraftKings has lost well into eight figures every year since its inception, expect for the 12 months when it lost nine.
In 2015, the year the two companies bombed America’s airwaves by having a advertising blitzkrieg, DraftKings reported running losses of over half a billion dollars on revenues of $80 million.
It’s believed that both companies spent a calculated $750 million trying to out-market one another that year.
Over its four-year presence DraftKings has lost a staggering $688 million, based on the documents, some $98 million of that last 12 months. FanDuel’s figures are less detail by detail, although they look to be slightly better, or at least less awful.
All we have on FanDuel are figures for the first 10 months of 2016, which saw revenues of $91 million and operational losses of $59 million.
Merger in some Trouble
It’s no secret that neither ongoing company has ever been lucrative, or that they have been experiencing money movement problems. Into the weeks before their proposed merger was first announced, last November, sources who spoke to your brand New York Post reported that both companies were months behind with payments to suppliers.
They certainly were additionally well behind with the legion of solicitors and lobbyists who had been fighting for their interests in multiple states across the US.
The merger, it was hoped, would provide a course to profitability, slashing the legal and lobbying fees for the combined business, while enabling it to lay off staff that is superfluous and removing the requirement for marketing competition.
But according to the Financial Trade Commission, the possible lack of competition was the problem. The proposed tie-up constituted an illegal monopoly and filed a suit in the federal district court to halt the deal, pending and administrative trial on Monday, the FTC announced, in its view.
Where Does This Leave DFS?
Should the merger not to proceed, as is likely, it leaves DraftKings, FanDuel as well as the DFS industry in a spot that is tight.
DraftKings recently embarked for a new $100 million financing round, securing backing from Elridge Industries, the ongoing company owned by Los Angeles Dodgers part-owner Todd Boehly.
Neither DraftKings nor FanDuel has struggled to locate money in the past. In 2015 alone DraftKings had been able to increase $300 million, around $150 million of which came from Fox Sports in return for an 11 % stake in the organization.
In 2015, everyone wanted a bit of DFS, but with profitability now looking elusive and the industry facing headwinds, that may no much longer be the instance.
OJ Simpson Granted Parole Hearing in Palace Station Robbery Incarceration july
After spending more than eight years in a Nevada state prison, O.J. Simpson may be close to being released. The football that is famed has a hearing July 20 and if issued, the 69-year old might be a free guy by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying getting a brand new trial) has served very nearly nine years in a Nevada State prison and is up for parole next month. If granted, the NFL Hall of Famer would be released Oct. 1. (Image: Getty)
Simpson had been sentenced on Oct. 3, 2008 to serve a minimum of nine and up to 33 years for their role in a 2007 incident at the Palace Station Casino in nevada. The football star and five men entered the hotel room where they’d been informed two sports memorabilia dealers had some of his mementos from his university and professional career that was indeed reported stolen.
Some of those with the celebrity brandished handguns once they confronted dealers Bruce Fromong and Alfred Beardsley and took right back the souvenirs. The group was arrested briefly thereafter and prosecutors started to build a full case against them.
At the 2008 trial, four associated with the defendants testified against the Hall of Famer. He claimed he did not know there would be guns at the confrontation. The jury wasn’t swayed and he as well as an associate were convicted of kidnapping, armed robbery, and attack with a deadly tool.
Ironically, his prison term started 13 years to the date of his exoneration from double homicide charges within the murders of their wife, Nicole Brown Simpson and her friend, Ron Goldman. The court real-money-casino.club case, that has been televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ His lawyers argued that his conviction eight years ago ended up being payback for his 1995 acquittal, which many thought had been a miscarriage of justice.
Third Time’s the Charm?
Simpson, known as prisoner 1027820, has had two previous parole hearings, one in 2013 and another the year that is following. During the hearing that is initial he told the panel, that was located in Carson City, via teleconference that he had been remorseful for their crimes.
‘My crime was attempting to recover for my property that is own, Simpson said at the big event. ‘i would give it all relative back to these guys. They may have it all relative back if I really could get these last five years right back.’
The board, which heard his case, granted parole for some of his crimes, but noted he still had four more years until his minimum sentence had been reached, and denied a full release that is conditional.
Simpson’s time has been served at Lovelock Correctional Facility, a medium protection state prison in the desert 100 miles northeast of Reno. He is its many famous inmate, but has spent their sentence quietly and it is described as being a model prisoner.
This state jail in Lovelock, Nevada has come to be known by locals and fellow inmates as the ‘OJ House,’ considering that the fallen soccer star is its most famous prisoner. (Image: David Crane/Los Angeles Frequent News.)
That will many likely aspect in to the decision to free him or not. Simpson has had no incidents that are disciplinary incarcerated and has offered as a mentor to other criminals. Their age also works in his favor, as do the good reports on previous hearings.
The panel that is four-member hear from Simpson’s lawyer, Malcolm LaVergne, who’ll probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, among the two victims, passed away in 2015 as well as the other, Fromong, really wants to attend the proceedings, but told the Associated Press he is not sure what he’d say.
‘I’ve lost every thing,’ Fromong said. ‘But I don’t want to live my life in the past.’
Churchill Downs Announces $60 Million Gaming Facility at Former Track
Churchill Downs Incorporated has received initial approval from the Kentucky Horse Racing Commission to develop a gambling parlor at Trackside, a closed racetrack facility that was once used as a training facility.
Churchill Downs is investing in historical race machines to revamp its training center in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned 85,000-square-foot venue will cost Churchill Downs between $50 million and $60 million. When finished, the video gaming center will house up to 650 machines that take wagers on previously run horse races.
Located five miles east of the Churchill that is famed Downs, house of the Kentucky Derby, the initial leg of the famed Triple Crown, Trackside will provide area residents and visitors with year-round parimutuel wagering.
The company states it has no intends to incorporate race that is historical into its renowned track, as space there is certainly limited.
Churchill Downs Racetrack President Kevin Flanery said in a presser, ‘A state-of-the-art historic racing facility will allow us to deliver an exciting and compelling parimutuel product for our customers in Louisville. This is a great opportunity for us to revitalize another area of our town while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners.’
Historical race, also known as ‘instant racing,’ replays hose races in a manner very often resembles slot machines.
The player deposits a wager and a race is randomly selected. Identities associated with track, horses, and jockeys are not revealed, but a ‘skill graph’ displaying information from that day’s actual form that is racing.
Bettors pick three horses to win, spot second, and show 3rd. The race is run, and payouts are in line with the conventional parimutuel process, with the player’s wager divvied up into several pools such as picking the winner, or to win, place, or show.
Instant racing resembles slots because of feature that allows the machine to automatically select the horses on the gamer’s behalf on the basis of the actual pre-race odds. Thus giving the gambler the greatest horses per the odds, but additionally the lowest payouts.
Historical racing machines also look similar to slots as a result of the different ways to win, maybe not unlike the reel that is many available on the electronics today.
The Churchill Downs Trackside video gaming facility are going to be open for business 9 have always been to 2 am through Thursday, and Sunday, and 24 hours on Friday and Saturday monday.
Legality Discovers Footing
Kentucky is a conservative state, with 63 per cent of adults considering by themselves ‘highly religious’ according to the Pew Research Center. The time that is last Bluegrass State voted for a Democrat in a presidential election was back in 1996 with Bill Clinton.
There are no commercial or tribal gambling enterprises in Kentucky, and slots and dining table games remain outlawed. That’s why some are calling into question the legality of historical horse machines that are racing.
This week’s authorization through the Kentucky Horse Racing Commission, however, provides appropriate footing for the wagering devices.
The legislature in North Dakota considered a measure that is similar legalize historical horse racing earlier this year, but the bill was narrowly beaten with a solitary vote in their state Senate.
Legionnaires’ illness Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease still hasn’t checked out of The Parisian, Las Vegas Sands’ $2.7 billion luxurious resort that opened fall that is just last.
Legionnaires’ condition has stricken guests in both nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious bacterial disease that contaminates the lungs and frequently includes symptoms resembling pneumonia. Though most healthy adults won’t develop serious illness through the disease, as your body is typically able to rid the bacteria, those with preexisting conditions are prone to more grave consequences.
In April, health officials detected Legionnaires’ disease at The Parisian after three men, aged 66, 70, and 84, tested good after staying at the resort individually in December, January, and March. Sands stated it immediately disinfected the water lines associated to where the visitors stayed, but in a study this week from the Macau Health Bureau, legionella bacterial was found in the property’s many test that is recent.
Overstaying its welcome, ‘abnormal’ degrees of legionella was found, the Bureau said. The federal wellness agency did not reveal where the bacterial was spotted, plus the resort remains open for business.
Macau isn’t the only gambling town battling Legionnaires’. The Rio has also been in the process of cleaning its water system after two guests who stayed separately at the all-suites property fell ill to the disease in Las Vegas.
Currently hosting the global World Series of Poker (WSOP), the Rio says it’s working closely with the Southern Nevada Health District and ‘taking aggressive remediation actions to guarantee the safety’ of its water.
No deaths have been reported in either Macau or nevada from Legionnaires’ infection, though among the men in China reportedly remains in critical condition. In New York City, nevertheless, the illness has taken the life span of a man that is elderly was currently battling significant wellness dilemmas.
The New York City Health Department states six others have already been sickened by Legionnaires’, with four clients still in the hospital.
Legionnaires’ is a bacterium commonly found in rivers and lakes. When it travels into water and cooling systems, it can increase and infect humans. Large structures like resorts are far more prone towards the disease due to their complex and ventilation that is vast cooling systems.
Apparent symptoms of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle tissue aches, confusion, and diarrhea.
WSOP Attendance Up
The WSOP is well underway, and if you’re considering venturing to vegas so that you can play in one of the 74 events, the detection of Legionnaires’ disease presents few issues for healthier adults.
The Caesars property is hoping to enhance on the 6,737 entrants into this past year’s $10,000 Main that is buy-in Event.
It seems the thousands of poker players are entering the Rio floor aren’t being scared off by the bacterial outbreak. Attendance is up over the first three weekends of the tournament’s 49 times.
The $1,500 Millionaire Maker event attracted 7,761 entries, up eight percent on 2016. The Seniors Event (50+) and Super Seniors (65+) also soared in terms of participation, up 20 and 17 percent, respectively.