Casino News – Resorts World Catskills In Problems, No Casinos For Chicago, Complex Rock Vegas Closing For Renos
This week’s casino news starts us of in upstate New York where one of many most luxurious, innovative casinos is on the verge of bankruptcy. Can the Resorts World Catskills still be saved?
Resorts World Catskills On Verge Of Bankruptcy
The largest upstate casino in nyc is reportedly in the verge of bankruptcy carrying out a year or two by which it had been unable to generate profits. According to the report, the Resorts World Catskills was hit with a $36 million loss in the quarter that is last. The organization is seriously considering bankruptcy that is claiming an effort to square away its debts.
The casino’s largest shareholder, the Genting Group, has placed forward a proposition to buy out the staying shares of the company from the parent company Empire Resorts. According to an SEC filing by the publicly-traded business, the $1 billion casino in Monticello suffered operating losses of $73.5 million through the end of June. If Empire Resorts doesn’t take the deal with the Genting Group, it would likely need to apply for Chapter11 bankruptcy to be able to negotiate its debts with creditors.
After projecting $300 million in revenue for 2019, the Resorts World Catskills is on pace to fall nearly $100 million short of that mark. It will be interesting to see what route the Genting Group decides to take moving forward following the stunning revelations that are financial.
Finest Gaming Tax Structure In U.S. Keeps Chicago From Opening Casinos
An analysis that is independent on potential casinos in the Chicago area has revealed that there was major risk associated with any projects in the town because of the ‘highest effective gaming tax and fee structure within the United States’. Union Gaming Analytics, the company that assembled the report, investigated the potential perspective for casinos in the area after Chicago Mayor Lori Lightfoot put forth her idea for a project that is new. Union Gaming Analytics was paid $100,000 to review five sites that are potential Chicago as potential casino locations.
A decommissioned hospital edged out a tennis course and a former steel plant as the most likely destination for the brand new casino in the city based on the Las Vegas-based analytics company. But, the report noted that the location did not matter as the proposed tax that is gross of 72 percent would keep any gambling center from ever getting off the ground. Whether or perhaps not Chicago officials choose to revisit the tax rates in the city in wake of the report is another story entirely. For now, it appears as if any casino that is potential in the city will be put on hold, so blackjack players will need certainly to keep searching for the place to play.
Hard Rock Las Vegas To Close For Eight Months For Renovations
One for the landmark hotel and casino destinations within the Las Vegas will close for eight months starting in 2020 february. The Hard Rock Hotel and Casino will completely power down operations for two-thirds of the season to make changes that are substantial their buildings.
While a previous announcement by the casino suggested that the renovation period would be limited to four months, that timeline changed dramatically based on the update that is latest.
NFL Betting: Top Five Games For Week 4 Of The NFL Preseason
The 4th and final week of preseason is upon us. It is typically the one where teams care the minimum as the regular season is not as much as two weeks away. Nonetheless, some position battles are still ongoing. Here’s a look at five key games to keep an eye on for NFL betting players:
Indianapolis Colts @ Cincinnati Bengals
August 29th, 2019 7:00 PM ET thursday
There is no way the Colts’ game are going to be as entertaining as last week’s matchup because of the Chicago Bears. After all, the news of Andrew Luck’s retirement was tweeted out by ESPN’s Adam Schefter in the middle of night’s game, with Luck on the sideline while his teammates and fans slowly learned of the news saturday. It’s potentially devastating news for an Indianapolis part that went from legitimate Super Bowl contender with Luck under center to fringe playoff contender with Jacoby Brissett as the starter on paper.
Still, there’s some intrigue here as back-up quarterback Chad Kelly is quite talented. He will play this and might push for starts if Brissett struggles week.
NFL Betting Line: Bengals -3
Philadelphia Eagles @ New York Jets
Thursday August 29th, 2019 7:00 PM ET
Josh McCown went from retired quarterback to throwing for 192 yards and two touchdowns as the starter for the Eagles in last week’s 26-15 loss to the Baltimore Ravens. While Carson Wentz is still on the right track to be equipped for Philadelphia in Week 1, McCown will get another crack at game action this week and it will come against his former team. McCown helped mentor quarterback that is second-year Darnold throughout their rookie season. Now he comes back to East Rutherford to try out lots of friends and teammates that are former.
NFL Betting Line: Jets -3
Baltimore Ravens @ Washington Redskins
Thursday August 29th, 2019 7:30 PM ET
One of the most appreciated storylines that NFL betting fans will monitor this week is the Ravens’ potential to complete the preseason with a record that is perfect the 4th year in a line. Baltimore is 16-0 over the last four preseasons, which makes them one of many most teams that are fun bettors to follow and root for at this time of the year. Rookie sixth-round pick Trace McSorley went 19-of-28 for 203 yards and two touchdowns in last week’s win over Philadelphia.
NFL Betting Line: Ravens -6
Los Angeles Rams @ Houston Texans
Thursday August 29th, 2019 8:00 PM ET
While Indianapolis suffered the biggest blow associated with the preseason with all the news of Luck’s retirement, Houston is coping with its very own issues. The Texans lost running back Lamar Miller to a torn ACL. There is also some major issues on the offensive line that they won’t have the ability to fix with most of their starters on the sideline.
Week 4 will be an important test for Houston’s backup offensive linemen that need to prepare yourself to be called in to action if need for Week 1 of the regular season.
All preseason and that won’t change this week as for the Rams, they have rested their starters.
NFL Betting Line: Texans -2.5
Kansas City Chiefs @ Green Bay Packers
August 29th, 2019 8:00 PM ET thursday
Two teams which were talked about as potential Super Bowl contenders will satisfy in Week 4 associated with the preseason hoping that they will satisfy once more on the greatest stage of these all. For both groups, this game are going to be about offering the fringe players on the roster one more possibility to showcase their talents. The emergence of rookie running right back Darwin Thompson has made the Chiefs’ running back situation a tad bit more interesting. Thompson could see at least a few of snaps once again in Green Bay.
NFL Betting Line: Packers -2
Poker News: Master’s Scheduled Revealed, Ostapchenko Wins Big
This week’s poker news starts off by having a unveil associated with the 2019 Poker Masters schedule. We now know the main element details of that event, which will include a good amount of opportunities for players to win big.
2019 Poker Masters Schedule Revealed
The next edition of the Purple Jacket chase has been announced. The Poker Masters series tournament will return with Poker Central announcing that the event will take play in early of this year november. The tournament will play a role that is significant the year-long high roller points chase, which will see one skilled player secure rake-free entries for a amount of different activities searching forward to 2020.
The 2019 edition of the Poker Masters takes place into the PokerGO Studio outside of ARIA in Las Vegas from November 4-14. This present year’s schedule will lot look a different than the 2018 edition of the tournament, with increased of a focus on the games outside of no-limit hold’em. The thing that will remain the same is the $100,000 Main Event, which will look very similar written down to this past year’s main event.
Keep Memory Alive To Host Second Annual Charity Poker Tournament In September
The Keep Memory Alive company will host its Annual that is second Texas Charity Poker Tournament on Friday, September 27, 2019 during the Keep Memory Alive Event Center in Las Vegas. Hosted by the casino legend Jack Binion, most of the proceeds raised at the occasion shall be donated to the Cleveland Clinic Lou Ruvo Center for Brain Health. The hospital will make use of the money in its fight neurodegenerative diseases including Alzheimer’s, Huntington’s, Parkinson’s, Multiple Sclerosis and ALS.
The tournament will be available to anybody 21 and over with a $500 buy-in that is initial. The first-place reward payout happens to be set at $10,000 with a few runner-up prizes including fancy trips, expensive jewelry, and exclusive chef dinners.
With plenty of outstanding rewards and plenty of money being donated to an excellent cause, Keep Memory Alive’s annual poker tournament is amongst the can’t miss events on this year’s Poker schedule in Las Vegas.
Ostapchenko Emerges As Biggest Winner In Parx Bix Stax 30 Event
Andrew Ostapchenko has received a week that is good. He is the biggest winner at in 2010’s Parx Big Stax XXX event.
Ostapchenko was real-money-casino.club the final man standing in a field of 455 entries in the Big Stax 1100, taking home $97,220 in his first recorded live victory. It was additionally their career that is second-biggest cash he won over $200,000 in the 2017 World group of Poker Main Event.
Ostapchenko took a substantial chip lead into the last dining table and didn’t look back. While he took house the massive $97K first-place prize, he had beenn’t the only big winner as all of the top five finishers in this particular competition took house up to $20,000. Meanwhile, the Greg ‘Fish’ Fishberg emerged because the big champion of the Big Stax 2500, raking in $40,000 to their currently impressive $1.6 million total in all-time tournament cash profits.