
Intense Rock Atlantic City will reopen to guests next Memorial Day week-end should the company’s $500 million renovation remain on schedule.
When the former Trump Taj Mahal opens as intense Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That is according to company officials who say the facelift will transform the former Trump Taj Mahal property 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 real money casino app australia for simply $50 million, pennies on the dollar when compared with what President Donald Trump paid to build 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 venue.
Showing up prior to the Casino Reinvestment Development Authority (CRDA), complex Rock International Senior VP of Design and Construction Joe Emanuele revealed, ‘We wish to start demolition by the following month and full construction by August.’
Upping the Ante
Rough Rock had initially prepared to invest $300 million refreshing the Taj, but upon further inspection, realized more capital was required to rid the Indian-themed décor.
‘The amount of money we’re going to need certainly 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, tricky Rock Atlantic City will offer you 2,400 slot devices and 130 dining table games when it reopens. It will feature two separate concert venues that will be able to allow for 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 tricky Rock’s commitment to Atlantic City by saying, ‘The prepared 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 entertainment facility, increasing employment opportunities and strengthening Atlantic City and nj-new jersey’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 % year to date (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the New Jersey city.
Executives from MGM Resorts and Caesars recently met with Governor Chris Christie (R) to talk about investments that are further Atlantic City. Though details had been scarce during the governor’s press conference with MGM CEO Jim Murren and Caesars boss Mark Frissora, both executives revealed their companies is devoting additional 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 city’s rules and obtain a gambling permit to reopen the casino.
The $2.4 billion resort is a consistent reminder of the financial turbulence Atlantic City endured on the last ten years. 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, according to 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 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 companies 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 detail by detail, although they look to be slightly better, or at the very 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 suffering money movement issues. In the days before their proposed merger was first established, final November, sources whom spoke to the New York Post reported that both companies were months behind with payments to suppliers.
They were also well behind with the legion of solicitors and lobbyists who have 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 enabling 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 issue. 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 Performs This Keep DFS?
Should the merger not to proceed, as is likely, it leaves DraftKings, FanDuel therefore the DFS industry in a spot that is tight.
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 locate financing in the past. In 2015 alone DraftKings was able to raise $300 million, around $150 million of which came from Fox Sports in return for an 11 % stake in the organization.
In 2015, everyone wanted a little bit of DFS, but with profitability now looking elusive and the industry facing headwinds, that may no longer be the situation.
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 celebrity has a hearing July 20 and if granted, the 69-year old is actually a free man by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to obtain a new test) has served very nearly 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 was sentenced on Oct. 3, 2008 to serve the absolute minimum of nine and up to 33 years for their role in a 2007 incident at the Palace Station Casino in Las Vegas. The soccer star and five men entered the hotel 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 right back the souvenirs. The group was arrested soon thereafter and prosecutors started to build case against them.
At the 2008 trial, four regarding the defendants testified against the Hall of Famer. He claimed he did not understand there would be firearms at the confrontation. The jury wasn’t swayed and he plus an associate were convicted of kidnapping, armed robbery, and assault with a deadly tool.
Ironically, his jail term began 13 years to the date of his exoneration from double homicide charges in the murders of his wife, Nicole Brown Simpson and her buddy, Ron Goldman. The court case, which was televised worldwide, was dubbed, ‘The Trial of the Century.’ their attorneys argued that his conviction eight years ago had been 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 previous parole hearings, one in 2013 and another the following year. During the initial hearing, he told the panel, that has been situated in Carson City, via teleconference that he was remorseful for their crimes.
‘My criminal activity was trying to retrieve for my property that is own, Simpson said at the big event. ‘we 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 some of his crimes, but noted he still had four more years until their minimum sentence ended up being reached, and denied a full conditional release.
Model Prisoner
Simpson’s time has been offered at Lovelock Correctional Facility, a medium protection state prison in the desert 100 miles northeast of Reno. He is its most famous inmate, but has spent his sentence quietly and it is described as a model prisoner.
This state prison in Lovelock, Nevada has arrived to be known by locals and fellow inmates as the ‘OJ home,’ considering that the dropped football star is its many famous prisoner. (Image: David Crane/Los Angeles Frequent News.)
That may many factor that is likely to the decision to free him or not. Simpson has had no incidents that are disciplinary incarcerated and has offered as being a mentor to other criminals. Their age also works in their favor, as do the positive reports on previous hearings.
The four-member panel will hear from Simpson’s lawyer, Malcolm LaVergne, who will probably argue that his client would live a quiet, crime-free life, if released.
Beardsley, among the two victims, passed away in 2015 as well as 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 build a gambling parlor at Trackside, a shut racetrack facility that was once used as an exercise center.
Churchill Downs is investing in historical race devices 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. Whenever completed, the gaming center will house up to 650 machines that take wagers on previously run horse events.
Situated five miles east of the famed Churchill Downs Racetrack, home of the Kentucky Derby, initial leg associated with famed Triple Crown, Trackside will provide area residents and site visitors with year-round parimutuel wagering.
The organization claims it doesn’t have intends to incorporate historical race betting into its renowned track, as space there is 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 town while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners.’
Expedited Events
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 the track, horses, and jockeys aren’t revealed, but a ‘skill graph’ displaying information from that day’s actual racing form is.
Bettors pick three horses to win, spot second, and show 3rd. The race is run, and payouts are based on the traditional parimutuel process, with the ball player’s wager divvied up into several swimming pools such as picking the winner, or to win, place, or show.
Instant racing resembles slots because of feature which allows the machine to automatically select the horses on the gamer’s behalf on the basis of the actual odds that are pre-race. This gives the gambler the greatest horses per chances, but in addition the cheapest payouts.
Historical race machines also look much like slots due to the various ways to win, perhaps not unlike the many reel combinations entirely on the gadgets today.
The Churchill Downs Trackside video gaming facility are 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 percent 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 had been back 1996 with Bill Clinton.
There are no commercial or casinos that are tribal Kentucky, and slots and table games remain outlawed. That’s why some are calling into question the legality of historical horse machines that are racing.
This week’s authorization from the Kentucky Horse Racing Commission, nevertheless, provides footing that is legal 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 with a solitary vote in hawaii Senate.
Legionnaires’ infection Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease still hasn’t checked out of The Parisian, Las vegas, nevada Sands’ $2.7 billion lavish resort that opened just last fall.
Legionnaires’ infection 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 sometimes includes symptoms pneumonia that is resembling. Though most healthy adults won’t develop serious infection through the infection, as the body is usually able to rid the bacteria, those with preexisting conditions are prone to more grave consequences.
In April, health officials detected Legionnaires’ illness at The Parisian after three men, aged 66, 70, and 84, tested good after staying at the resort separately in December, January, and March. Sands stated it immediately disinfected the water lines associated to where the guests stayed, but in a study this week through the Macau Health Bureau, legionella bacterial was found in the property’s most test that is recent.
Overstaying its welcome, ‘abnormal’ degrees of legionella had been found, the Bureau said. The health that is federal did not reveal where the bacterial was spotted, and also the resort remains open for company.
Worldwide 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 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 from Legionnaires’ condition, though one of many men in China apparently remains in critical condition. In nyc, nonetheless, the disease has had the life of an man that is elderly was already fighting significant wellness problems.
The New york wellness Department says six other people were sickened by Legionnaires’, with four patients still in a healthcare facility.
Legionnaires’ is a bacterium commonly found in streams and lakes. When it travels into water and cooling systems, it can multiply and infect people. Large buildings like resorts tend to be more susceptible to your disease for their complex and vast ventilation and cooling systems.
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 when you’re considering venturing to Las vegas, nevada so that you can 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 Main that is buy-in Event.
It appears 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 days.
The $1,500 Millionaire Maker occasion 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.
