Tough Rock Atlantic City will reopen to guests Memorial that is next Day should the company’s $500 million renovation stay on schedule.
Whenever Trump that is former Taj opens as rough Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That is in accordance with company officials who 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 just $50 million, pennies on the dollar when compared with what President Donald Trump paid to construct the resort in the late 1980s. The previous estate that is real and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk place.
Showing up before the Casino Reinvestment Development Authority (CRDA), intense Rock International Senior VP of Design and Construction Joe Emanuele unveiled, ‘We hope to start demolition by next month and complete construction by August.’
Upping the Ante
Tricky Rock had initially planned to spend $300 million energizing the Taj, but upon further inspection, recognized more capital was required to rid the Indian-themed décor.
‘The amount of cash we’re going to have to spend to remove all those minarets and all that purple,’ Hard Rock Chairman Jim Allen said last month. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, tricky Rock Atlantic City will offer 2,400 slot machines and 130 dining table games when it reopens. It will likewise feature two separate concert venues that will have the ability to allow for 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 complex 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 video gaming win up over 11 per cent 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 talk about further investments in Atlantic City. Though details had been scarce during the governor’s press conference with MGM CEO Jim Murren and Caesars boss Mark Frissora, both professionals revealed their companies is devoting extra resources to their Atlantic City properties in the coming months.
The biggest concern on the Boardwalk is what will happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the city’s guidelines 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 decade that is last. A total of five casinos shut between 2014 and fall that online casino australia real money 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, according to 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 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 year since its inception, expect for the year when it lost nine.
In 2015, the entire year the two companies bombed America’s airwaves with a advertising blitzkrieg, DraftKings reported running losses of over half a billion dollars on revenues of $80 million.
It’s believed that both organizations spent an approximated $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 losings of $59 million.
Merger in some Trouble
It is no secret that neither ongoing company has ever been lucrative, or that they have been experiencing money movement problems. In the weeks before their proposed merger was first established, last November, sources whom spoke to the New York Post reported that both companies had been months behind with payments to suppliers.
They certainly were also well behind with the legion of lawyers and lobbyists who have been fighting for their interests in multiple states over the United States.
The merger, it was hoped, would provide a course to profitability, slashing the legal and lobbying fees for the combined company, while permitting it to lay off staff that is superfluous and removing the requirement for marketing 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 region court to halt the deal, pending and administrative trial.
Where Performs This Leave DFS?
Should the merger not to proceed, because is likely, it leaves DraftKings, FanDuel and the DFS industry in a spot that is tight.
DraftKings recently embarked for 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 get capital in the past. In 2015 alone DraftKings had been able to boost $300 million, around $150 million of which came from Fox Sports in return for an 11 percent stake in the organization.
In 2015, everyone wanted a bit of DFS, but with profitability now looking evasive and the industry facing headwinds, that may no 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 football that is famed has a hearing July 20 and if issued, the 69-year old is actually a free man by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to have a brand new trial) has served almost 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 had been sentenced on Oct. 3, 2008 to serve the very least of nine and up to 33 years for his role in a 2007 incident at the Palace Station Casino in nevada. The football star and five guys entered the resort room where they had been informed two sports memorabilia dealers had some of his mementos from his university and professional career that had been reported stolen.
Some of those with the celebrity brandished handguns once they confronted dealers Bruce Fromong and Alfred Beardsley and took right back the souvenirs. The group was arrested soon thereafter and prosecutors began to build a full case against them.
At the 2008 test, four regarding the defendants testified against the Hall of Famer. He claimed he did not know there would be guns at the confrontation. The jury was not swayed and he plus an associate were convicted of kidnapping, armed robbery, and assault with a weapon that is deadly.
Ironically, his prison term started 13 years to the date of his exoneration from dual homicide charges within the murders of their wife, Nicole Brown Simpson and her buddy, Ron Goldman. The court case, that has been televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ their solicitors argued that his conviction eight years ago had been payback for his 1995 acquittal, which many thought had been a miscarriage of justice.
Third Time’s the Charm?
Simpson, known as prisoner 1027820, has had two previous parole hearings, one in 2013 and another the year that is following. During the initial hearing, he told the panel, which was based in Carson City, via teleconference that he had been remorseful for his crimes.
‘My criminal activity was attempting to retrieve for my property that is own, Simpson said at the event. ‘i would give it all relative back to these guys. They may have it all straight back if I possibly could get these last five 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 security state prison in the desert 100 miles northeast of Reno. He is its many inmate that is famous but has spent their phrase quietly and is described being a model prisoner.
This state prison in Lovelock, Nevada has arrived to be known by locals and fellow inmates as the ‘OJ House,’ considering that the fallen soccer star is its many famous prisoner. (Image: David Crane/Los Angeles Regular News.)
That will many factor that is likely to the decision to free him or not. Simpson has had no disciplinary incidents while incarcerated and has served as being a mentor to other criminals. His age additionally works in his favor, as do the good reports on 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 the two victims, passed away in 2015 while the other, Fromong, desires to attend the proceedings, but told the Associated Press he isn’t sure what he would say.
‘I’ve lost every thing,’ 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 develop a gambling parlor at Trackside, a shut racetrack facility that was previously used as an exercise center.
Churchill Downs is investing in historical race 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 completed, the video gaming center shall house up to 650 machines that take wagers on previously run horse races.
Found five miles east of the Churchill that is famed Downs, home of the Kentucky Derby, initial leg regarding the famed Triple Crown, Trackside will provide area residents and visitors with year-round parimutuel wagering.
The business states it has no plans to incorporate race that is historical 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 a great possibility for 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, 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 for the track, horses, and jockeys are not revealed, but a ‘skill graph’ displaying information from that day’s actual form that is racing.
Bettors pick three horses to win, put second, and show third. The race is run, and payouts are in line with the conventional parimutuel process, with the gamer’s wager divvied up into several pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots because of function that enables the machine to automatically select the horses on the ball player’s behalf in line with the actual odds that are pre-race. This provides the gambler the best horses per chances, but additionally the lowest payouts.
Historical racing machines also look just like slots because of the various ways to win, not unlike the reel that is many available on the electronics today.
The Churchill Downs Trackside gaming facility will be open for business 9 have always been to 2 am through Thursday, and Sunday, and 24 hours on Friday and Saturday monday.
Legality Finds 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 in 1996 with Bill Clinton.
There are no commercial or tribal casinos in Kentucky, and slots and 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, but, 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 beaten by way of a solitary vote in hawaii Senate.
Legionnaires’ illness Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease still hasn’t examined of The Parisian, nevada Sands’ $2.7 billion lavish resort that opened just last fall.
Legionnaires’ disease has stricken guests in both vegas and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial disease 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 April, 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. Sands said it immediately disinfected the water lines associated to where the guests stayed, but in a written report this week through the Macau Health Bureau, legionella bacterial was found in the property’s many test that is recent.
Overstaying its welcome, ‘abnormal’ quantities of legionella had been found, the Bureau said. The health that is federal did not expose where the bacterial was spotted, and 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 says it’s working closely with 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, nevada from Legionnaires’ illness, though one of the men in China reportedly remains in critical condition. In nyc, nonetheless, the infection has taken the life span of an elderly man who was currently fighting significant wellness dilemmas.
The New York City wellness Department says six other people are sickened by Legionnaires’, with four patients still in a healthcare facility.
Legionnaires’ is a bacterium commonly present in rivers and lakes. When it travels into water and cooling systems, it can grow and infect people. Large structures like resorts are far more susceptible to your disease because of the complex and vast ventilation and cooling systems.
Signs and 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 just one of the 74 events, the detection of Legionnaires’ disease presents few concerns 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 seems the thousands of poker players are going into the Rio floor aren’t being frightened 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 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 per cent, respectively.