Hard Rock Atlantic City will reopen to guests Memorial that is next Day should the company’s $500 million renovation remain on schedule.
If the former Trump Taj Mahal opens as rough Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That’s according to company officials who say the facelift will transform the Trump that is former Taj 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 compared to what President Donald Trump paid to create the resort in the 1980s that are late. The former property designer and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk location.
Showing up ahead of the Casino Reinvestment Development Authority (CRDA), intense Rock Global Senior VP of Design and Construction Joe Emanuele revealed, ‘We wish to start demolition by next month and construction that is full August.’
Upping the Ante
Complex Rock had initially planned to spend $300 million refreshing the Taj, but upon further inspection, realized more capital was required to rid the Indian-themed décor.
‘The amount of cash we are going to need to spend to remove all those minarets and all that purple,’ Hard Rock Chairman Jim Allen stated month that is last. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, rough 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 support 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 tough 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 gaming win up over 11 % 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 could be devoting additional resources with their Atlantic City properties in the coming months.
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 town’s rules 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 final 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 cash, according to a merger that is 106-page circulated by FanDuel to its investors back 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 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 organizations spent an approximated $750 million wanting to out-market one another that year.
Over its four-year presence DraftKings has lost an astounding $688 million, according to the documents, some $98 million of that last year. 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 numbers for the first 10 months of 2016, which saw revenues of $91 million and operational losings of $59 million.
Merger in big Trouble
It’s no secret that neither ongoing company has ever been lucrative, or that they have been experiencing money movement dilemmas. Within the months before their proposed merger was first established, last November, sources who spoke to your brand New York Post reported that both companies had been months behind with re payments to suppliers.
They certainly were additionally well behind with the legion of attorneys and lobbyists who had been fighting for their interests in numerous states over the US.
The merger, it was hoped, would give a course to profitability, slashing the legal and lobbying fees for the combined business, while enabling 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. 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 Leave 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 on a new $100 million financing round, securing backing from Elridge Industries, the company owned by Los Angeles Dodgers part-owner Todd Boehly.
Neither DraftKings nor FanDuel has struggled to find capital within the past. In 2015 alone DraftKings managed to improve $300 million, around $150 million of which arrived from Fox Sports in return for an 11 % 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 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 football that is famed has a hearing July 20 and if issued, the 69-year old is actually a free guy by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying getting a new trial) has served almost 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 a 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 males entered the hotel room where that they had been informed two sports memorabilia dealers had some of his mementos from their college 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 back the souvenirs. The group was arrested fleetingly 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 conflict. The jury had not been swayed and he plus an associate were convicted of kidnapping, armed robbery, and attack with a deadly tool.
Ironically, his prison term began 13 years to the date of his exoneration from double homicide charges within the murders of his 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 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 previous parole hearings, one in 2013 and another the year that is following. During the hearing that is initial he told the panel, that was based in Carson City, via teleconference that he was remorseful for their crimes.
‘My crime was trying to retrieve for my property that is own, Simpson said at the event. ‘I would give it all back to these guys. They could have it all relative straight back if I possibly could get these last five years straight back.’
The board, which heard his 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 launch.
Simpson’s time has been offered at Lovelock Correctional center, a medium safety state prison in the wilderness 100 miles northeast of Reno. He is its many famous inmate, but has spent his phrase 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,’ given that the dropped football star is its most famous prisoner. (Image: David Crane/Los Angeles Day-to-day News.)
That will most factor that real-money-casino.club is likely to the decision to free him or perhaps not. Simpson has had no incidents that are disciplinary incarcerated and has offered as being a mentor to other criminals. His 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 lawyer, Malcolm LaVergne, who’ll probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, among the two victims, passed away in 2015 while 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 initial approval from the Kentucky Horse Racing Commission to develop 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 cost Churchill Downs between $50 million and $60 million. Whenever finished, the gaming center will house up to 650 machines that take wagers on previously run horse races.
Found five miles east of the Churchill that is famed Downs, house of the Kentucky Derby, the first leg associated with the famed Triple Crown, Trackside provides area residents and site visitors with year-round parimutuel wagering.
The organization says it doesn’t have plans to incorporate historic race betting into its renowned track, as space there is certainly 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 slots.
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 racing form is.
Bettors pick three horses to win, spot second, and show 3rd. The competition is run, and payouts are in line with the parimutuel that is traditional, with the player’s wager divvied up into several pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots due to a feature enabling the machine to automatically select the horses on the player’s behalf in line with the actual odds that are pre-race. Thus giving the gambler the most effective horses per the chances, but also the best payouts.
Historical race machines also look much like slots due to the many ways to win, maybe not unlike the many reel combinations entirely on the electronic devices today.
The Churchill Downs Trackside gaming facility are 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 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 dining table games remain outlawed. That is why some are calling into question the legality of historical horse machines that are racing.
This week’s authorization through the Kentucky Horse Racing Commission, but, 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 with a solitary vote in the State Senate.
Legionnaires’ infection Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease still hasn’t examined of The Parisian, Las vegas, nevada Sands’ $2.7 billion luxurious resort that opened just last fall.
Legionnaires’ illness has stricken guests in both Las Vegas and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial infection that contaminates the lungs and sometimes comes with signs resembling pneumonia. Though many healthy adults will not develop serious illness from the disease, as the human body is normally able to rid the bacteria, those with preexisting conditions are susceptible to more grave consequences.
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 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 recent test.
Overstaying its welcome, ‘abnormal’ levels of legionella ended up being discovered, the Bureau said. The federal wellness agency did not reveal where the bacterial was spotted, therefore the resort remains open for business.
Macau isn’t the gambling that is only battling Legionnaires’. In Las Vegas, the Rio has been into the process of cleaning its water system after two guests whom stayed separately at the all-suites property fell ill to the illness.
Currently hosting the World Series of Poker (WSOP), the Rio claims it’s working closely using the Southern Nevada Health District and ‘taking aggressive remediation actions to ensure the safety’ of its water.
No deaths were reported in either Macau or Las Vegas from Legionnaires’ infection, though one of many men in China reportedly continues to be in critical condition. In New York City, nonetheless, the disease has had the life span of an elderly man whom had been already fighting significant health problems.
The New york Health Department states six others have now been sickened by Legionnaires’, with four patients still in the hospital.
Legionnaires’ is a bacterium commonly present in rivers and lakes. When it travels into water and cooling systems, it may increase and infect people. Large buildings like resorts are more prone to your disease for their complex and ventilation that is vast cooling systems.
Outward indications of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle aches, confusion, and diarrhoea.
WSOP Attendance Up
The WSOP is well underway, and in case you’re considering venturing to Las vegas, nevada to be able to play in just one of the 74 events, the detection of Legionnaires’ disease presents few issues for healthy 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 aren’t being frightened 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 Event (50+) and Super Seniors (65+) also soared in terms of participation, up 20 and 17 per cent, respectively.