Complex Rock Atlantic City will reopen to guests Memorial that is next Day should the business’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 is based on company officials who say the facelift will transform the Trump that is former Taj home 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 in comparison to what President Donald Trump paid to create the resort in the 1980s that are late. The previous estate that is real and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk place.
Appearing before the Casino Reinvestment Development Authority (CRDA), Hard 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
Hard Rock had initially prepared to spend $300 million refreshing the Taj, but upon further inspection, noticed more capital was required to rid the Indian-themed décor.
‘The amount of cash we’re going to need to spend to remove all those minarets and all that purple,’ Hard Rock Chairman Jim Allen said final month. ‘Jesus! What were we thinking?’
Set on 17 acres between Resorts and the Showboat, tricky Rock Atlantic City will offer 2,400 slot devices and 130 table games when it reopens. It will also feature two separate concert venues that will have the ability to accommodate over 7,000 people.
The Hard Rock Café, which has been doing 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 planned renovations will transform the 4.2 million square feet of defunct casino resort 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 only casino and hospitality company that is bullish on Atlantic City. With total gaming win up over 11 % year up to now (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 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 biggest concern on the Boardwalk is exactly what may 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 continuing reminder of the financial turbulence Atlantic City endured within the decade that is last. 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 106-page merger document circulated by FanDuel to its investors back in January, and leaked to AXIOS this week.
DraftKings and FanDuel have never 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 businesses spent a projected $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 look to be slightly better, or at 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 losses of $59 million.
Merger in some Trouble
It is no secret that neither company has ever been profitable, or that they have been fighting money movement problems. Within the days before their proposed merger was first established, final November, sources who spoke towards the brand New York Post reported that both companies were months behind with re payments to suppliers.
They were additionally well behind with the legion of attorneys and lobbyists who had been fighting for their interests in numerous states throughout the US.
The merger, it was hoped, would give a path to profitability, slashing the legal and lobbying fees for the combined business, while allowing it to lay off superfluous staff, and removing the requirement for marketing competition.
But according to the Financial Trade Commission, having less 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 region court to prevent the deal, pending and administrative trial.
Where Does This Keep DFS?
Should the merger not to proceed, since is likely, it leaves DraftKings, FanDuel while the DFS industry in a tight spot.
DraftKings recently embarked on a new $100 million funding 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 funding in the past. In 2015 alone DraftKings had been able to increase $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 piece of DFS, but with profitability now looking elusive and the industry facing headwinds, that may no 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 star has a hearing July 20 and if provided, the 69-year old could be a free guy by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to obtain a fresh test) 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 ended up being sentenced on Oct. 3, 2008 to serve a minimum of nine and up to 33 years for his role in a 2007 incident at the Palace Station Casino in Las Vegas. The soccer star and five guys entered the hotel room where they’d been informed two sports memorabilia dealers had some of his mementos from his college and career that is professional was reported stolen.
Some of those with the celebrity brandished handguns if they confronted dealers Bruce Fromong and Alfred Beardsley and took straight back the souvenirs. The group was arrested fleetingly thereafter and prosecutors started to build case against them.
At the 2008 test, four of this defendants testified against the Hall of Famer. He claimed he did not know there is guns at the conflict. The jury was not swayed and he plus an associate were convicted of kidnapping, armed robbery, and assault with a deadly weapon.
Ironically, his jail term started 13 years to the date of his exoneration from dual homicide charges within the murders of his wife, Nicole Brown Simpson and her friend, Ron Goldman. The court case, that was televised worldwide, was dubbed, ‘The Trial of the Century.’ their attorneys 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, known as prisoner 1027820, has had two past parole hearings, one in 2013 and another the year that is following. At the initial hearing, he told the panel, which was situated in Carson City, via teleconference that he was remorseful for his crimes.
‘My crime was wanting to retrieve for my own property,’ Simpson said at the big event. ‘I would give it all back once again to these guys. They may have it all relative straight back if I really could get these last 5 years right back.’
The board, which heard their case, granted parole for a few of his crimes, but noted he still had four more years until his minimum sentence ended up being reached, and denied a full conditional launch.
Simpson’s time has been served at Lovelock Correctional Facility, a medium safety state prison in the desert 100 miles northeast of Reno. He is its many inmate that is famous but has invested his phrase 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 House,’ considering that the fallen soccer star is its most prisoner that is famous. (Image: David Crane/Los Angeles Frequent 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 as a mentor to other criminals. Their age additionally works in their favor, as do the reports that are positive previous hearings.
The four-member panel will hear from Simpson’s attorney, Malcolm LaVergne, who can probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, one of the two victims, died in 2015 plus the other, Fromong, desires to attend the proceedings, but told the Associated Press he is not sure what he’d 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 initial approval from the Kentucky Horse Racing Commission to create a gambling parlor at Trackside, a closed racetrack facility that was once used as a training facility.
Churchill Downs is investing in historical racing machines 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. When completed, the gaming center will house up to 650 machines that take wagers on previously run horse events.
Situated five miles east of the Churchill that is famed Downs, home of the Kentucky Derby, the initial leg of the famed Triple Crown, Trackside provides area residents and visitors with year-round parimutuel wagering.
The company claims it doesn’t have plans to real-money-casino.club incorporate historic 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 enables 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, 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 of this 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, place second, and show 3rd. The battle is run, and payouts are in line with the traditional parimutuel process, with the ball player’s wager divvied up into several swimming pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots as a result of feature that allows the machine to automatically select the horses on the player’s behalf based on the actual pre-race odds. Thus giving the gambler top horses per the odds, but also the best payouts.
Historical race machines also look much like slots because of the many ways to win, not unlike the many reel combinations entirely on the gadgets today.
The Churchill Downs Trackside video gaming facility are open for business 9 am 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 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 1996 with Bill Clinton.
There are no commercial or casinos that are tribal Kentucky, and slots and dining table games remain outlawed. That is why some are calling into question the legality of historical horse racing machines.
This week’s authorization through the Kentucky Horse Racing Commission, however, provides legal 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 defeated by a solitary vote in the State Senate.
Legionnaires’ illness Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease nevertheless hasn’t checked out of The Parisian, nevada Sands’ $2.7 billion lavish resort that opened fall that is just last.
Legionnaires’ disease has stricken guests in both nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious bacterial infection that contaminates the lungs and often includes symptoms resembling pneumonia. 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 said it immediately disinfected the water lines associated to where the guests stayed, but in a report this week from the Macau wellness Bureau, legionella bacterial was present in the home’s many test that is recent.
Overstaying its welcome, ‘abnormal’ levels of legionella had been found, the Bureau said. The federal health agency don’t expose where the bacterial was spotted, and also the resort remains open for business.
Macau isn’t the only gambling town battling Legionnaires’. In Las Vegas, the Rio has also been into the procedure of cleaning its water system after two guests who stayed separately at the all-suites property fell ill to your illness.
Currently hosting the global World Series of Poker (WSOP), the Rio claims 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 now been reported in either Macau or Las vegas, nevada from Legionnaires’ disease, though among the men in Asia apparently continues to be in critical condition. In new york, however, the infection has had the life span of an man that is elderly ended up being already fighting significant health problems.
The New York City Health Department says six others have been sickened by Legionnaires’, with four patients still in the hospital.
Legionnaires’ is a bacterium commonly found 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 prone to the disease because of the complex and ventilation that is vast cooling systems.
Apparent symptoms of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle aches, confusion, and diarrhea.
WSOP Attendance Up
The WSOP is well underway, and in case you’re considering venturing to Las Vegas so that you can play in another 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 this past year’s $10,000 buy-in Main Event.
It seems the thousands of poker players are going into the Rio floor are not 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.