Tough Rock Atlantic City will reopen to guests Memorial that is next Day should the company’s $500 million renovation stay on schedule.
Once the Trump that is former Taj opens as intense Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That’s based on company officials whom say the facelift will transform the former 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 build the resort in the 1980s that are late. The former real estate 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), tough Rock International Senior VP of Design and Construction Joe Emanuele unveiled, ‘We wish to start demolition by the following month and full construction by August.’
Upping the Ante
Complex Rock had initially planned to invest $300 million refreshing the Taj, but upon further inspection, understood more capital was required to rid the Indian-themed décor.
‘The amount of cash we are going to need to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen said month that is last. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, tough Rock Atlantic City will offer you 2,400 slot machines and 130 dining table games when it reopens. It will likewise feature two separate concert venues that will be able to accommodate over 7,000 people.
The Hard Rock Café, which has been around 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 rough 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 activity facility, increasing employment opportunities and strengthening Atlantic City and nj’s economies.’
Atlantic City Investments
Hard Rock isn’t the only casino and hospitality company that is bullish on Atlantic City. With total gaming win up over 11 percent year up to now (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 further investments in 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 biggest concern on the Boardwalk is what may 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 constant reminder of the financial turbulence Atlantic City endured over the last ten years. 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 money, according to a 106-page merger document 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 year since its inception, anticipate for the year whenever it lost nine.
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 trying to out-market one another that year.
Over its four-year presence DraftKings has lost a staggering $688 million, according to the documents, some $98 million of that last 12 months. FanDuel’s figures are less detail by detail, although they appear to be slightly better, or at the very 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 losses of $59 million.
Merger in some Trouble
It is no secret that neither company has ever been profitable, or that they have been fighting money movement dilemmas. Within the months before their proposed merger was first announced, last November, sources who spoke towards the brand New York Post reported that both companies had been months behind with re payments to suppliers.
These were additionally well behind with the legion of attorneys and lobbyists have been fighting for their interests in multiple states across the US.
The merger, it was hoped, would give a course to profitability, slashing the legal and lobbying fees for the combined business, while permitting it to lay off staff that is superfluous and removing the requirement for marketing competition.
But according to the Financial Trade Commission, having less 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, since is likely, it leaves DraftKings, FanDuel plus 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 locate financing into the past. In 2015 alone DraftKings managed 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 bit of DFS, but with profitability now looking evasive and the industry facing headwinds, that may no longer be the case.
OJ Simpson Granted Parole Hearing in Palace Station Robbery Incarceration july
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 issued, the 69-year old might be a free guy by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying getting a brand 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 a minimum of nine and up to 33 years for his role in a 2007 incident at the Palace Station Casino in Las vegas, nevada. The football star and five males entered the hotel room where they had been informed two sports memorabilia dealers had some of his mementos from his college and professional career that have been reported stolen.
Some of those with the celebrity brandished handguns if they confronted dealers Bruce Fromong and Alfred Beardsley and took right 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 understand there is firearms at the confrontation. The jury wasn’t swayed and he plus an associate were convicted of kidnapping, armed robbery, and assault with a weapon that is deadly.
Ironically, his jail term started 13 years to the date of his exoneration from dual homicide charges within 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 solicitors 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, called prisoner 1027820, has had two past parole hearings, one in 2013 and another the year that is following. At the initial hearing, he told the panel, which was based in Carson City, via teleconference that he was remorseful for his crimes.
‘My crime was attempting to retrieve for my own home,’ Simpson said at the big event. ‘I would give it all back again to these guys. They might 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 many of his crimes, but noted he still had four more years until their minimum sentence ended up being reached, and denied a full release that is conditional.
Simpson’s time has been served at Lovelock Correctional center, a medium protection state prison in the wilderness 100 miles northeast of Reno. He is its most famous inmate, but has invested his sentence quietly and it is described as being a model prisoner.
This state prison in Lovelock, Nevada has come to be known by locals and fellow inmates as the ‘OJ home,’ given that the fallen football star is its most prisoner that is famous. (Image: David Crane/Los Angeles Everyday News.)
That may many likely aspect in 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 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 can probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, one of many two victims, died in 2015 and the other, Fromong, wants to attend the proceedings, but told the Associated Press online casino with real money 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 shut racetrack facility that was once used as a training center.
Churchill Downs is investing in historical racing devices 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. Whenever completed, the video gaming center shall 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, the first leg of this famed Triple Crown, Trackside provides area residents and site visitors with year-round parimutuel wagering.
The company says it doesn’t have intends 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 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.’
Historical race, often referred to 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 of this 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, place second, and show 3rd. The race is run, and payouts are based on the traditional parimutuel process, with the player’s wager divvied up into several pools such as picking the winner, or to win, place, or show.
Instant racing resembles slots due to a feature that enables the machine to automatically select the horses on the player’s behalf on the basis of the actual pre-race odds. Thus giving the gambler the very best horses per the chances, but also the lowest payouts.
Historical race machines also look just like slots as a result of the many ways to win, maybe not unlike the reel that is many found on the gadgets today.
The Churchill Downs Trackside video 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 Discovers Footing
Kentucky is a state that is conservative 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 ended up being back 1996 with Bill Clinton.
There are no commercial or tribal casinos in Kentucky, and slots and dining table games remain outlawed. That is why some are calling into question the legality of historical horse racing devices.
This week’s authorization from the Kentucky Horse Racing Commission, however, 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’ 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’ 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 frequently comes with signs 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’ condition 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 report this week from the Macau wellness Bureau, legionella bacterial was found in the house’s many test that is recent.
Overstaying its welcome, ‘abnormal’ levels of legionella was found, the Bureau said. The federal wellness agency didn’t reveal where the bacterial was spotted, while 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 states 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 apparently continues to be in critical condition. In nyc, nevertheless, the illness has brought the life span of an man that is elderly was currently fighting significant health problems.
The New york wellness Department claims six other people have already been sickened by Legionnaires’, with four clients still in a medical facility.
Legionnaires’ is a bacterium commonly present in rivers and lakes. It can multiply and infect humans when it travels into water and cooling systems. Large structures like resorts tend to be more prone to the disease due to their complex and ventilation that is vast cooling systems.
Signs and symptoms of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle aches, confusion, and diarrhoea.
WSOP Attendance Up
The WSOP is well underway, of course 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 healthier adults.
The Caesars property is hoping to improve in the 6,737 entrants into this past year’s $10,000 buy-in Main Event.
It seems the thousands of poker players are entering the Rio floor aren’t being scared off by the bacterial outbreak. 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 percent, respectively.