Hard Rock Atlantic City Targets Memorial Day 2018 Opening
Tricky Rock Atlantic City will reopen to guests Memorial that is next Day should the business’s $500 million renovation stay on schedule.
Once the Trump that is former Taj opens as Hard Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That’s according to company officials whom 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 simply $50 million, pennies on the dollar in comparison to what President Donald Trump paid to build the resort in the late 1980s. The previous real-estate developer and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk location.
Appearing ahead of the Casino Reinvestment Development Authority (CRDA), tricky Rock International 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
Intense Rock had initially prepared to invest $300 million energizing the Taj, but upon further inspection, recognized more capital was required to rid the Indian-themed décor.
‘The amount of money we’re going to need to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen stated month that is last. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, Hard Rock Atlantic City will offer you 2,400 slot devices and 130 table games when it reopens. It will also feature two separate concert venues that will be able to accommodate over 7,000 people.
The Hard Rock Café, which has been in operation during the Taj since 1996, will also receive a makeover that is slight. The rock memorabilia restaurant shall be expanded to 400 seats.
CRDA Chairman Robert Mulcahy celebrated rough 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 New Jersey’s economies.’
Atlantic City Investments
Hard Rock isn’t the only casino and hospitality company that is bullish on Atlantic City. With total video gaming win up over 11 per cent year to date (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the nj-new jersey city.
Executives from MGM Resorts and Caesars recently met with Governor Chris Christie (R) to talk about investments that are further Atlantic City. Though details were scarce during the governor’s press meeting with MGM CEO Jim Murren and Caesars boss Mark Frissora, both executives unveiled their companies could be devoting additional resources to their Atlantic City properties in the coming months.
The biggest concern on the Boardwalk is exactly what will happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the town’s guidelines and obtain a gambling permit to reopen the casino.
The $2.4 billion resort is a consistent reminder of the financial turbulence Atlantic City endured within the decade that is last. A total of five casinos closed 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 cash, based on a 106-page merger document 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 a calculated $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 detailed, although they appear to be slightly better, or at the 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’s no secret that neither company has ever been profitable, or that they have been suffering money movement dilemmas. Within the weeks before their proposed merger was first established, final November, sources who spoke to the brand New York Post reported that both companies had been months behind with re payments to suppliers.
They certainly were also well behind with the legion of solicitors and lobbyists who were fighting for their interests in numerous states throughout the US.
The merger, it was hoped, would supply a path to profitability, slashing the legal and lobbying fees for the combined business, while permitting it to lay off superfluous staff, and removing the need for advertising competition.
But according to the Financial Trade Commission, the possible lack of competition was the problem. On Monday, the FTC announced, in its view, 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.
Where Does This Keep DFS?
Should the merger not to proceed, as is likely, it leaves DraftKings, FanDuel while the DFS industry in a tight spot.
DraftKings recently embarked for a new $100 million money round, securing backing from Elridge Industries, the company owned by Los Angeles Dodgers part-owner Todd Boehly.
Neither DraftKings nor FanDuel has struggled to locate capital into the past. In 2015 alone DraftKings managed to raise $300 million, around $150 million of which came from Fox Sports in substitution for an 11 per cent stake in the business.
In 2015, everyone wanted a little bit of DFS, but with profitability now looking evasive and the industry facing headwinds, that may no 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 famed football celebrity has a hearing July 20 and if awarded, the 69-year old might be a free man by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to obtain a new trial) has served almost nine years in a Nevada State prison and is up for parole next thirty days. If granted, the NFL Hall of Famer would be released Oct. 1. (Image: Getty)
Simpson ended up being sentenced on Oct. 3, 2008 to serve the absolute minimum of nine and up to 33 years for their role in a 2007 event at the Palace Station Casino in nevada. The football star and five men entered the resort room where they had been informed two sports memorabilia dealers had some of his mementos from their college and professional career that was reported stolen.
Some of those with the celebrity brandished handguns when they confronted dealers Bruce Fromong and Alfred Beardsley and took straight back the souvenirs. The group was arrested soon 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 would be weapons at the conflict. The jury wasn’t swayed and he plus an associate were convicted of kidnapping, armed robbery, and attack with a weapon that is real-money-casino.club deadly.
Ironically, his jail term began 13 years to the date of his exoneration from dual homicide charges within the murders of their wife, Nicole Brown Simpson and her friend, Ron Goldman. The court case, that was televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ His attorneys argued that his conviction eight years ago had been 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 year that is following. At the hearing that is initial he told the panel, which was based in Carson City, via teleconference that he had been remorseful for his crimes.
‘My criminal activity was wanting to retrieve for my own home,’ Simpson said at the event. ‘i would give it all relative back once again to these guys. They may have it all straight back if I possibly could get these last 5 years straight back.’
The board, which heard their case, granted parole for many of his crimes, but noted he still had four more years until their minimum sentence had been reached, and denied a full release that is conditional.
Simpson’s time has been offered at Lovelock Correctional Facility, a medium safety state prison in the desert 100 miles northeast of Reno. He is its many famous inmate, but has invested their sentence quietly and is described being a model prisoner.
This state jail in Lovelock, Nevada has come to be known by locals and fellow inmates as the ‘OJ home,’ considering that the dropped soccer star is its many famous prisoner. (Image: David Crane/Los Angeles Frequent News.)
That may many likely element in to the decision to free him or otherwise not. Simpson has had no disciplinary incidents while incarcerated and has offered as a mentor to other criminals. His age also works in their favor, as do the positive reports on previous hearings.
The four-member panel will hear from Simpson’s lawyer, Malcolm LaVergne, that will probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, among the two victims, passed away in 2015 and the other, Fromong, really wants to attend the proceedings, but told the Associated Press he isn’t sure what he’d say.
‘I’ve lost everything,’ Fromong said. ‘But I do not 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 build a gambling parlor at Trackside, a shut racetrack facility that was once used as a training center.
Churchill Downs is investing in historical race devices to revamp its training center in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned venue that is 85,000-square-foot cost Churchill Downs between $50 million and $60 million. Whenever completed, the video gaming center will house up to 650 machines that take wagers on previously run horse events.
Found five miles east of the famed Churchill Downs Racetrack, house of the Kentucky Derby, the initial leg of the famed Triple Crown, Trackside will provide area residents and site visitors with year-round parimutuel wagering.
The organization says it doesn’t have plans to incorporate historical race betting 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 an opportunity that is great 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, often referred to as ‘instant racing,’ replays hose races in a manner that often resembles slot machines.
The player deposits a wager and a race is randomly selected. Identities associated with track, horses, and jockeys aren’t 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 battle is run, and payouts are on the basis of the old-fashioned parimutuel process, with the gamer’s bet divvied up into several pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots as a result of function that enables the machine to automatically select the horses on the gamer’s behalf based on the actual odds that are pre-race. This provides the gambler the most effective horses per chances, but also the lowest payouts.
Historical race machines also look similar to slots because of the different ways to win, not unlike the many reel combinations entirely on the electronics today.
The Churchill Downs Trackside video gaming facility is going to be 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 percent 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 ended up being back in 1996 with Bill Clinton.
There are no commercial or casinos that are tribal 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 from the Kentucky Horse Racing Commission, nonetheless, provides appropriate footing for 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 beaten by a solitary vote in their state Senate.
Legionnaires’ Disease Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease still hasn’t checked out of The Parisian, vegas Sands’ $2.7 billion luxurious resort that opened fall that is just last.
Legionnaires’ condition has stricken guests in both vegas and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious bacterial infection that contaminates the lung area and often comes with symptoms 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 wellness Bureau, legionella bacterial was found in the house’s most test that is recent.
Overstaying its welcome, ‘abnormal’ quantities of legionella ended up being found, the Bureau said. The federal wellness agency don’t expose where the bacterial was spotted, while the resort remains open for business.
Macau isn’t the only gambling city battling Legionnaires’. In Las Vegas, the Rio has been into the procedure of cleaning its water system after two guests who stayed separately at the all-suites property fell ill to the disease.
Currently hosting the global World Series of Poker (WSOP), the Rio states it’s working closely using the Southern Nevada Health District and ‘taking aggressive remediation actions to guarantee the safety’ of its water.
No deaths have already been reported in either Macau or Las vegas, nevada from Legionnaires’ infection, though one of the men in Asia reportedly remains in critical condition. In New York City, nevertheless, the disease has taken the life span of an senior man who was currently battling significant health problems.
The New york Health Department states six other people are sickened by Legionnaires’, with four clients still in a medical facility.
Legionnaires’ is a bacterium commonly present in streams and lakes. It can multiply and infect humans when it travels into water and cooling systems. Large buildings like resorts are far more susceptible towards the disease due to their complex and vast air flow and cooling systems.
Apparent 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, 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 boost in the 6,737 entrants into last year’s $10,000 Main that is buy-in Event.
It appears 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 days.
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.