
Intense Rock Atlantic City will reopen to guests next Memorial Day weekend should the business’s $500 million renovation stay on schedule.
When the Trump that is former Taj opens as tough Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That is based on company officials whom say the facelift will transform the previous Trump Taj Mahal home in to 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 compared to what President Donald Trump paid to create the resort in the 1980s that are late. The former estate that is real and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk venue.
Appearing before the Casino Reinvestment Development Authority (CRDA), Hard Rock Overseas Senior VP of Design and Construction Joe Emanuele revealed, ‘We wish to start demolition by the following month and construction that is full August.’
Upping the Ante
Complex Rock had initially planned to invest $300 million energizing the Taj, but upon further inspection, knew 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 said month that is last. ‘Jesus! What were we thinking?’
Set on 17 acres between Resorts and the Showboat, tough Rock Atlantic City will offer you 2,400 slot machines and 130 table games when it reopens. It will feature two separate concert venues that will have a way to support over 7,000 people.
The Hard Rock Café, which has been in operation at the Taj since 1996, will also receive a makeover that is slight. 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 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’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 percent 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 go over 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 exactly 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 continuing reminder of the economic turbulence Atlantic City endured on 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, based on a merger that is 106-page circulated by FanDuel to its investors back in January, and leaked to AXIOS this week.
DraftKings and FanDuel haven’t 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 since its inception, expect for the year when it lost nine year.
In play casino games for free and win real money 2015, the 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.
It’s believed that both organizations spent an approximated $750 million trying 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 look to be slightly better, or at the 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 losings of $59 million.
Merger in Trouble
It’s no secret that neither company has ever been lucrative, or that they have been experiencing money flow issues. In the days before their proposed merger was first established, final November, sources who spoke to your brand New York Post reported that both companies had been months behind with payments to suppliers.
They were also well behind with the legion of solicitors and lobbyists who had been fighting for their interests in multiple states over 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 need for advertising competition.
But according to the Financial Trade Commission, the possible lack of competition was the issue. 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 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 money 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 find money into the past. In 2015 alone DraftKings had been able to improve $300 million, around $150 million of which arrived from Fox Sports in return for an 11 per cent stake in the company.
In 2015, everyone wanted a piece of DFS, but with profitability now looking evasive and the industry facing headwinds, that may no much longer be the case.
OJ Simpson Granted July Parole Hearing in Palace Station Robbery Incarceration
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 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 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 the very least of nine and up to 33 years for their role in a 2007 event at the Palace Station Casino in Las Vegas. The soccer star and five males entered the resort room where they had been informed two sports memorabilia dealers had some of his mementos from his university and career that is professional have been 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 fleetingly thereafter and prosecutors began to build case against them.
At the 2008 trial, four of this defendants testified against the Hall of Famer. He claimed he did not know there is weapons at the conflict. The jury was not swayed and he as well as an associate were convicted of kidnapping, armed robbery, and assault with a weapon that is deadly.
Ironically, his prison term began 13 years to the date of his exoneration from dual homicide charges within the murders of their spouse, Nicole Brown Simpson and her friend, Ron Goldman. The court case, which was televised worldwide, was dubbed, ‘The Trial of the Century.’ His lawyers argued that his conviction eight years ago was payback for his 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 hearing that is initial he told the panel, which was located in Carson City, via teleconference that he was remorseful for their crimes.
‘My crime was wanting to recover for my own property,’ Simpson said at the function. ‘i would give it all relative back again to these guys. They could have it all straight back if I really could get these last 5 years right 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 had been reached, and denied a full conditional launch.
Model Prisoner
Simpson’s time has been served at Lovelock Correctional Facility, a medium protection state prison in the wilderness 100 miles northeast of Reno. He is its most famous inmate, but has invested their sentence quietly and is described as a model prisoner.
This state prison in Lovelock, Nevada has come to be known by locals and fellow inmates as the ‘OJ House,’ considering that the dropped soccer star is its many famous prisoner. (Image: David Crane/Los Angeles Everyday News.)
Which will most likely factor in to the decision to free him or not. Simpson has had no disciplinary incidents while incarcerated and has offered as being a mentor to other criminals. Their age additionally works in their favor, as do the reports that are positive previous hearings.
The panel that is four-member hear from Simpson’s attorney, 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 plus the other, Fromong, would like 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 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 facility in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned venue that is 85,000-square-foot price Churchill Downs between $50 million and $60 million. When finished, the 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, 1st leg associated with the famed Triple Crown, Trackside will provide area residents and site visitors with year-round parimutuel wagering.
The company claims it has no plans to incorporate race that is historical into its renowned track, as space there was limited.
Churchill Downs Racetrack President Kevin Flanery said in a presser, ‘a historic that is state-of-the-art 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 town while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners.’
Expedited Events
Historical racing, 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 of this 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, place second, and show 3rd. The competition is run, and payouts are based on the parimutuel that is traditional, with the ball player’s bet divvied up into several pools such as selecting the winner, or to win, place, or show.
Instant racing resembles slots as a result of feature which 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 best horses per the odds, but additionally the best payouts.
Historical race machines also look similar to slots due to the many ways to win, maybe not unlike the reel that is many found on the electronic devices today.
The Churchill Downs Trackside video gaming facility is open for business 9 am to 2 am Monday through Thursday, and Sunday, and 24 hours on Friday and Saturday.
Legality Finds Footing
Kentucky is a state that is conservative 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 was 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 racing devices.
This week’s authorization from the Kentucky Horse Racing Commission, nonetheless, provides footing that is legal 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 defeated by 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, vegas Sands’ $2.7 billion lavish resort that opened fall that is just last.
Legionnaires’ infection has stricken guests in both nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial disease that contaminates the lungs and sometimes 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 April, health officials detected Legionnaires’ illness at The Parisian after three men, aged 66, 70, and 84, tested positive 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 written report this week through the Macau wellness Bureau, legionella bacterial was found in the property’s most test that is recent.
Overstaying its welcome, ‘abnormal’ levels of legionella was discovered, the Bureau said. The health that is federal did not reveal where the bacterial was spotted, and also the resort remains open for business.
Worldwide Outbreak
Macau isn’t the only gambling city 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 World Series of Poker (WSOP), the Rio states it’s working closely utilizing 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 Las Vegas from Legionnaires’ disease, though among the men in China apparently stays in critical condition. In new york, nevertheless, the disease has had the life span of a man that is elderly ended up being currently fighting significant wellness problems.
The New York City Health Department claims six others have been sickened by Legionnaires’, with four clients still in the hospital.
Legionnaires’ is a bacterium commonly present in streams and lakes. When it travels into water and cooling systems, it could increase and infect people. Large buildings like resorts tend to be more vulnerable towards the disease due to their complex and vast ventilation and cooling systems.
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, if you’re considering venturing to Las Vegas so that you can play in just one of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthy adults.
The Caesars property is hoping to boost 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 going into 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 occasion 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 %, respectively.
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