
Intense Rock Atlantic City will reopen to guests Memorial that is next Day should the company’s $500 million renovation remain 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’s in accordance with company officials who say the facelift will transform the previous Trump Taj Mahal home as 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 build the resort in the 1980s that are late. The former real-estate developer and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk place.
Showing up prior to the Casino Reinvestment Development Authority (CRDA), intense Rock International Senior VP of Design and Construction Joe Emanuele unveiled, ‘We wish to start demolition by next month and construction that is full August.’
Upping the Ante
Hard Rock had initially prepared to spend $300 million energizing the Taj, but upon further inspection, realized more capital was required to rid the Indian-themed décor.
‘The amount of cash we will have to spend to remove all those 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, tricky 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 have the ability to allow for over 7,000 people.
The Hard Rock Café, which has been around operation during the Taj since 1996, will also receive a makeover that is slight. The stone memorabilia restaurant shall be expanded to 400 seats.
CRDA Chairman Robert Mulcahy celebrated intense 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’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 year to date (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 discuss investments that are further Atlantic City. Though details had been scarce during the governor’s press seminar with MGM CEO Jim Murren and Caesars boss Mark Frissora, both professionals revealed their companies would be devoting extra resources to their Atlantic City properties in the coming months.
The biggest question on the Boardwalk is really what will happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the town’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 over 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 never 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 year since its inception, expect for the 12 months when it lost nine.
In 2015, the season the two companies bombed America’s airwaves by having a advertising blitzkrieg, DraftKings reported operating losses of over half a billion bucks on profits of $80 million.
It’s believed that both businesses 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 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 Trouble
It’s no secret that neither ongoing company has ever been profitable, or that they have been fighting cash flow problems. In the months before their proposed merger was first established, last November, sources whom spoke towards the brand New York Post reported that both companies were months behind with re payments to suppliers.
They certainly were additionally well behind with the legion of attorneys and lobbyists who were fighting for their interests in numerous states throughout the United States.
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 requirement for advertising competition.
But according to the Financial Trade Commission, the possible lack of competition was the issue. 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 on Monday, the FTC announced, in its view.
Where Does This Leave DFS?
Should the merger not to proceed, because is likely, it leaves DraftKings, FanDuel as well as the DFS industry in a tight spot.
DraftKings recently embarked for 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 find financing in the past. In 2015 alone DraftKings was able to boost $300 million, around $150 million of which arrived from Fox Sports in return for an 11 per cent stake in the business.
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 Facility 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 granted, the 69-year old could be a free man by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to have a new test) 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 absolute minimum 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 males entered the hotel room where that they had been informed two sports memorabilia dealers had some of his mementos from his university and career that is professional was indeed reported stolen.
Some of those with the celebrity brandished handguns once they confronted dealers Bruce Fromong and Alfred Beardsley and took straight back the souvenirs. The group was arrested shortly thereafter and prosecutors started to build case against them.
At the 2008 test, four for the defendants testified against the Hall of Famer. He claimed he did not understand there is guns at the conflict. The jury had not been swayed and he and an associate were convicted of kidnapping, armed robbery, and attack with a weapon that is deadly.
Ironically, his prison term started 13 years to the date of his exoneration from dual homicide charges in the murders of their spouse, Nicole Brown Simpson and her buddy, Ron Goldman. The court case, which was televised worldwide, was dubbed, ‘The Trial of the Century.’ their lawyers argued that his conviction eight years ago was 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 past parole hearings, one in 2013 and another the year that is following. At the hearing that is initial he told the panel, that was located in Carson City, via teleconference that he was remorseful for his crimes.
‘My criminal activity was attempting to recover for my own property,’ Simpson said at the big event. ‘we would give it all back again to these guys. They might have it all straight back if I possibly could get these last 5 years right back.’
The board, which heard his case, granted parole for many of his crimes, but noted he still had four more years until his minimum sentence was real money casino online 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 phrase quietly and is described being a model prisoner.
This state jail in Lovelock, Nevada has arrived to be known by locals and fellow inmates as the ‘OJ House,’ considering that the dropped soccer star is its most prisoner that is famous. (Image: David Crane/Los Angeles Everyday News.)
Which will most factor that is likely to the decision to free him or perhaps not. Simpson has had no disciplinary incidents while incarcerated and has offered being a mentor to other criminals. His age also works in his favor, as do the positive reports on previous hearings.
The panel that is four-member hear from Simpson’s attorney, 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 and also the other, Fromong, would like 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 once used as a training center.
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 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 Churchill that is famed Downs, house of the Kentucky Derby, the initial leg of the famed Triple Crown, Trackside provides area residents and visitors with year-round parimutuel wagering.
The organization states it doesn’t have intends to incorporate historical race betting 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 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 city 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 slots.
The player deposits a wager and a race is randomly selected. Identities for the 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, put second, and show 3rd. The battle is run, and payouts are based on the parimutuel that is traditional, with the gamer’s wager divvied up into several pools such as selecting the winner, or to win, place, or show.
Instant racing resembles slots because of function that allows the machine to automatically select the horses on the ball player’s behalf on the basis of the actual pre-race odds. Thus giving the gambler the best horses per the chances, but also the best payouts.
Historical racing machines also look similar to slots because of the various ways to win, maybe not unlike the many reel combinations available on the gadgets today.
The Churchill Downs Trackside video gaming facility will 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 % of grownups 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 was back in 1996 with Bill Clinton.
There are no commercial or tribal gambling enterprises in Kentucky, and slots and dining table games remain outlawed. This is exactly why some are calling into question the legality of historical horse racing machines.
This week’s authorization through 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 defeated with a solitary vote in hawaii Senate.
Legionnaires’ condition Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease nevertheless hasn’t checked out of The Parisian, Las vegas, 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 disease that contaminates the lungs and frequently 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’ 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 stated it immediately disinfected the water lines associated to where the visitors stayed, but in a report this week from the Macau wellness Bureau, legionella bacterial was present in the property’s most test that is recent.
Overstaying its welcome, ‘abnormal’ quantities of legionella had been discovered, the Bureau said. The health that is federal don’t expose where the bacterial was spotted, while the resort remains open for company.
Global Outbreak
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 all 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 nevada from Legionnaires’ infection, though one of the men in China reportedly stays in critical condition. In new york, nonetheless, the illness has taken the life span of a man that is elderly ended up being already fighting significant wellness dilemmas.
The New york wellness Department says six other people have been sickened by Legionnaires’, with four clients still in a healthcare facility.
Legionnaires’ is a bacterium commonly found in rivers and lakes. It can multiply and infect humans when it travels into water and cooling systems. Large structures like resorts are more susceptible to your 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 tissue aches, confusion, and diarrhea.
WSOP Attendance Up
The WSOP is well underway, and when you’re considering venturing to vegas to be able to play in another of the 74 events, the detection of Legionnaires’ disease presents few concerns for healthy adults.
The Caesars property is hoping to enhance in the 6,737 entrants into last year’s $10,000 buy-in Main Event.
It appears the thousands of poker players are entering the Rio floor are not being scared off by the bacterial outbreak. Attendance is up over the first three weekends of the tournament’s 49 times.
The $1,500 Millionaire Maker event attracted 7,761 entries, up eight percent on 2016. The Seniors occasion (50+) and Super Seniors (65+) also soared in terms of participation, up 20 and 17 per cent, respectively.