Complex Rock Atlantic City will reopen to guests next Memorial Day weekend should the company’s $500 million renovation stay on schedule.
When the Trump that is former Taj 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 former Trump Taj Mahal property right 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 simply $50 million, pennies on the dollar when compared with what President Donald Trump paid to create the resort in the late 1980s. The previous real estate designer and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk place.
Showing up ahead of the Casino Reinvestment Development Authority (CRDA), Hard Rock Global Senior VP of Design and Construction Joe Emanuele unveiled, ‘We wish to start demolition by the following 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 have to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen stated last thirty days. ‘Jesus! What were we thinking?’
Set on 17 acres between Resorts and the Showboat, intense 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 be able to support over 7,000 people.
The Hard Rock Café, which has been in operation during the Taj since 1996, will also receive a small makeover. The stone memorabilia restaurant will be expanded to 400 seats.
CRDA Chairman Robert Mulcahy celebrated rough Rock’s commitment to Atlantic City by saying, ‘The planned 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 activity facility, increasing employment opportunities and strengthening Atlantic City and nj-new jersey’s economies.’
Atlantic City Investments
Hard Rock isn’t the casino that is only hospitality company that is bullish on Atlantic City. With total video gaming win up over 11 % year to date (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the nj-new jersey town.
Executives from MGM Resorts and Caesars recently met with Governor Chris Christie (R) to talk about further investments in Atlantic City. Though details were scarce during the governor’s press conference with MGM CEO Jim Murren and Caesars boss Mark Frissora, both professionals unveiled their companies would be devoting additional resources with their Atlantic City properties in the coming months.
The question that is biggest on the Boardwalk is what may happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the town’s rules and obtain a gambling permit to reopen the casino.
The $2.4 billion resort is a constant reminder of the financial turbulence Atlantic City endured within the last decade. A total of five casinos shut between 2014 and fall that is last 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, based on a merger that is 106-page circulated by FanDuel to its investors back January, and leaked to AXIOS this week.
DraftKings and FanDuel have not been profitable but leaked documents revealed the scale of losses this week, including an astonishing $509 million loss for DraftKings recorded in 2015. (Image: Tech Crunch)
AXIOS reports that DraftKings has lost well into eight figures every since its inception, expect for the year when it lost nine year.
The two companies bombed America’s airwaves with a advertising blitzkrieg, DraftKings reported operating losses of over half a billion dollars on revenues of $80 million in 2015, the year.
It’s believed that both companies spent an estimated $750 million attempting to out-market one another that year.
Some $98 million of that last year over its four-year existence DraftKings has lost a staggering $688 million, according to the documents. FanDuel’s figures are less detail by detail, although they appear to be slightly better, or at the very least less awful.
All we have on FanDuel are numbers for the first 10 months of 2016, which saw revenues of $91 million and operational losings of $59 million.
Merger in some Trouble
It is no secret that neither ongoing company has ever been profitable, or that they have been experiencing money flow dilemmas. In the days before their proposed merger was first established, last November, sources who spoke to the New York Post reported that both companies were months behind with payments to suppliers.
They were additionally well behind with the legion of attorneys and lobbyists who have been fighting for their interests in multiple states across the US.
The merger, it was hoped, would supply a path 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 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 Performs This Leave DFS?
Should the merger not to proceed, since is likely, it leaves DraftKings, FanDuel as well as the DFS industry in a spot that is tight.
DraftKings recently embarked on a new $100 million capital round, securing backing from Elridge Industries, the company owned by Los Angeles Dodgers part-owner Todd Boehly.
Neither DraftKings nor FanDuel has struggled to find capital into the past. In 2015 alone DraftKings managed to boost $300 million, around $150 million of which arrived from Fox Sports in substitution for an 11 percent stake in the organization.
In 2015, everyone wanted a little bit of DFS, but with profitability now looking elusive and the industry facing headwinds, that may no much longer be the situation.
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 famed football celebrity has a hearing July 20 and if given, the 69-year old could be a free man by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to obtain a brand new trial) has served very nearly nine years in a Nevada State prison and is up for parole month that is next. If granted, the NFL Hall of Famer would be released Oct. 1. (Image: Getty)
Simpson was sentenced on Oct. 3, 2008 to serve the absolute minimum of nine and up to 33 years for his role in a 2007 event at the Palace Station Casino in Las Vegas. The soccer star and five men entered the resort room where they’d been informed two sports memorabilia dealers had some of his mementos from their university and professional career that have been reported stolen.
Some of those with the celebrity brandished handguns if they confronted dealers Bruce Fromong and Alfred Beardsley and took back the souvenirs. The group was arrested shortly thereafter and prosecutors began to build case against them.
At the 2008 trial, four of the defendants testified against the Hall of Famer. He claimed he did not know there is firearms at the conflict. The jury had not been swayed and he and an associate were convicted of kidnapping, armed robbery, and attack with a weapon that is deadly.
Ironically, his jail term started 13 years to the date of his exoneration from double homicide charges in the murders of their spouse, Nicole Brown Simpson and her friend, Ron Goldman. The court case, that has been real-money-casino.club televised worldwide, was dubbed, ‘The Trial of the Century.’ their solicitors argued that his conviction eight years ago ended up being payback for their 1995 acquittal, which many thought had been a miscarriage of justice.
3rd Time’s the Charm?
Simpson, referred to as prisoner 1027820, has had two previous parole hearings, one in 2013 and another the following year. During the initial hearing, he told the panel, which was based in Carson City, via teleconference that he was remorseful for their crimes.
‘My crime was trying to recover for my property that is own, Simpson said at the event. ‘i would give it all relative back again to these guys. They may have it all straight back if I could get these last five years straight back.’
The board, which heard their case, granted parole for some of his crimes, but noted he still had four more years until their minimum sentence was reached, and denied a full conditional release.
Simpson’s time has been offered at Lovelock Correctional center, a medium security state prison in the wilderness 100 miles northeast of Reno. He is its many inmate that is famous but has invested his sentence quietly and it is described as being a model prisoner.
This state jail in Lovelock, Nevada has arrived to be known by locals and fellow inmates as the ‘OJ home,’ given that the fallen soccer star is its most prisoner that is famous. (Image: David Crane/Los Angeles Everyday News.)
Which will many factor that is likely to the decision to free him or not. Simpson has had no incidents that are disciplinary incarcerated and has served being a mentor to other criminals. His age also works in his favor, as do the reports that are positive previous hearings.
The four-member panel will hear from Simpson’s lawyer, Malcolm LaVergne, who’ll probably argue that his client would live a quiet, crime-free life, if released.
Beardsley, one of many two victims, passed away in 2015 while the other, Fromong, really wants to attend the proceedings, but told the Associated Press he is not sure what he would say.
‘I’ve lost everything,’ 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 approval that is initial the Kentucky Horse Racing Commission to create a gambling parlor at Trackside, a closed racetrack facility that was once used as an exercise facility.
Churchill Downs is investing in historical racing devices to revamp its training center in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned 85,000-square-foot venue will price Churchill Downs between $50 million and $60 million. When completed, the video gaming center will house up to 650 machines that take wagers on previously run horse events.
Located five miles east of the famed Churchill Downs Racetrack, home of the Kentucky Derby, the first leg associated with famed Triple Crown, Trackside provides area residents and visitors with year-round parimutuel wagering.
The company claims it does not have any intends to incorporate historical race betting into its renowned track, as space there is 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 an opportunity that is great us to revitalize another area of our city 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 that often resembles slots.
The player deposits a wager and a race is randomly selected. Identities for the track, horses, and jockeys are not revealed, but a ‘skill graph’ displaying information from that day’s actual racing form is.
Bettors pick three horses to win, spot second, and show 3rd. The race is run, and payouts are on the basis of the parimutuel that is traditional, with the player’s wager divvied up into several swimming pools such as picking the winner, or to win, place, or show.
Instant racing resembles slots due to a function that allows the machine to automatically select the horses on the ball player’s behalf based on the actual pre-race odds. Thus giving the gambler the most effective horses per the chances, but additionally the best payouts.
Historical race machines also look similar to slots due to the many ways to win, perhaps not unlike the reel that is many found on the electronics today.
The Churchill Downs Trackside gaming facility are open for business 9 have always been to 2 am Monday through Thursday, and Sunday, and 24 hours on Friday and Saturday.
Legality Discovers Footing
Kentucky is a conservative state, with 63 per cent of adults considering themselves ‘highly religious’ according to the Pew Research Center. The time that is last Bluegrass State voted for a Democrat in a presidential election ended up being back 1996 with Bill Clinton.
There are no commercial or casinos that are tribal Kentucky, and slots and table games remain outlawed. This is exactly why some are calling into question the legality of historical horse machines that are racing.
This week’s authorization from the Kentucky Horse Racing Commission, nevertheless, provides footing that is legal the wagering devices.
The legislature in North Dakota considered a similar measure to legalize historical horse racing earlier this year, but the bill was narrowly defeated by a solitary vote in the State Senate.
Legionnaires’ condition 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’ disease has stricken guests in both Las vegas, nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial infection that contaminates the lungs and often comes with signs pneumonia that is resembling. Those with preexisting conditions are susceptible to more grave consequences though most healthy adults won’t develop severe illness from the disease, as the body is typically able to rid the bacteria.
In health officials detected Legionnaires’ disease at The Parisian after three men, aged 66, 70, and 84, tested positive after staying at the resort separately in December, January, and March april. Sands stated it immediately disinfected the water lines associated to where the visitors stayed, but in a study this week through the Macau Health Bureau, legionella bacterial was found in the property’s most recent test.
Overstaying its welcome, ‘abnormal’ degrees of legionella had been discovered, the Bureau said. The health that is federal don’t expose where the bacterial was spotted, therefore the resort remains open for company.
Macau isn’t the gambling that is only 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 states it’s working closely with all the Southern Nevada Health District and ‘taking aggressive remediation actions to ensure the safety’ of its water.
No deaths happen reported in either Macau or Las Vegas from Legionnaires’ infection, though among the men in China apparently continues to be in critical condition. In new york, nevertheless, the disease has had the life span of a man that is elderly had been already fighting significant health dilemmas.
The New York City Health Department states six other people were sickened by Legionnaires’, with four patients still in the hospital.
Legionnaires’ is a bacterium commonly present in streams and lakes. When it travels into water and cooling systems, it could grow and infect humans. Large structures like resorts are far more susceptible towards the disease because of their complex and ventilation that is vast cooling systems.
Symptoms of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle mass aches, confusion, and diarrhoea.
WSOP Attendance Up
The WSOP is well underway, and in case you’re considering venturing to vegas to be able to play in just one of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthier adults.
The Caesars property is hoping to boost on the 6,737 entrants into last year’s $10,000 buy-in Main Event.
It seems the thousands of poker players are entering the Rio floor aren’t being scared off by the outbreak that is bacterial. 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 per cent, respectively.
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