
Complex Rock Atlantic City will reopen to guests next Memorial Day week-end should the business’s $500 million renovation stay on schedule.
When the 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 whom say the facelift will transform the former Trump Taj Mahal property right into 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 in comparison to what President Donald Trump paid to create the resort in the late 1980s. The previous real-estate designer and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk venue.
Showing up before the Casino Reinvestment Development Authority (CRDA), complex Rock Global Senior VP of Design and Construction Joe Emanuele unveiled, ‘We wish to start demolition by the following month and construction that is full August.’
Upping the Ante
Hard Rock had initially prepared to invest $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 need certainly to spend to remove dozens of 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, Hard 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 a way to accommodate 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 will 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 hotel space into a state-of-the-art casino, hotel, retail, dining and entertainment facility, increasing employment opportunities and strengthening Atlantic City and nj’s economies.’
Atlantic City Investments
Hard Rock isn’t real-money-casino.club the casino that is only 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 question on the Boardwalk is what can happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the town’s guidelines and obtain a gambling permit to reopen the casino.
The $2.4 billion resort is a constant reminder of the economic turbulence Atlantic City endured on the decade that is last. 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, based on a 106-page merger document 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 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 whenever it lost nine.
In 2015, the year the two companies bombed America’s airwaves having a advertising blitzkrieg, DraftKings reported running losses of over half a billion dollars on revenues of $80 million.
It’s believed that both businesses spent a believed $750 million wanting to out-market one another that year.
Over its four-year existence DraftKings has lost an astounding $688 million, according to the documents, some $98 million of that last 12 months. 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 losses of $59 million.
Merger in Trouble
It’s no secret that neither company has ever been profitable, or that they have been suffering cash movement issues. Within the months before their proposed merger was first established, last November, sources whom spoke to your New York Post reported that both companies were months behind with payments to suppliers.
They were additionally well behind with the legion of attorneys and lobbyists who had been fighting for their interests in multiple states throughout the United States.
The merger, it was hoped, would provide a course 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. On Monday, the FTC announced, in its view, the proposed tie-up constituted an illegal monopoly and filed a suit in the federal district court to prevent the deal, pending and administrative trial.
Where Does This Leave DFS?
Should the merger not to proceed, since is likely, it leaves DraftKings, FanDuel therefore the DFS industry in a spot that is tight.
DraftKings recently embarked on a new $100 million capital 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 funding into the past. In 2015 alone DraftKings managed to increase $300 million, around $150 million of which arrived from Fox Sports in substitution for an 11 per cent stake in the company.
In 2015, everyone wanted a piece of DFS, but with profitability now looking elusive 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 issued, the 69-year old could be a free guy by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to obtain a new trial) has served nearly nine years in a Nevada State prison and is up for parole next thirty days. If granted, the NFL Hall of Famer would be released Oct. 1. (Image: Getty)
Simpson was 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 soccer star and five guys entered the resort room where they’d been informed two sports memorabilia dealers had some of his mementos from their university and career that is professional was indeed reported stolen.
Some of those with the celebrity brandished handguns when they confronted dealers Bruce Fromong and Alfred Beardsley and took back the souvenirs. The group was arrested briefly thereafter and prosecutors began to build a full case against them.
At the 2008 trial, four of the defendants testified against the Hall of Famer. He claimed he did not understand there is guns at the conflict. The jury was not swayed and he plus an associate were convicted of kidnapping, armed robbery, and assault with a deadly weapon.
Ironically, his jail term started 13 years to the date of his exoneration from double homicide charges into the murders of their spouse, Nicole Brown Simpson and her buddy, Ron Goldman. The court case, which was televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ His 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. At the initial hearing, he told the panel, that was situated in Carson City, via teleconference that he was remorseful for their crimes.
‘My crime was attempting to retrieve for my property that is own, Simpson said at the big event. ‘i would give it all relative back once again to these guys. They may have it all relative back if I really could get these last 5 years 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 conditional release.
Model Prisoner
Simpson’s time has been served at Lovelock Correctional Facility, a medium safety state prison in the desert 100 miles northeast of Reno. He is its many famous inmate, but has spent their phrase quietly and it is described being a model prisoner.
This state jail in Lovelock, Nevada has come to be known by locals and fellow inmates as the ‘OJ home,’ given that the fallen soccer star is its many famous prisoner. (Image: David Crane/Los Angeles Constant 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 as being a mentor to other criminals. Their age additionally works in their favor, as do the reports that are positive previous hearings.
The four-member panel will 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, died in 2015 and also the other, Fromong, would like to attend the proceedings, but told the Associated Press he is not sure what he’d say.
‘I’ve lost every thing,’ Fromong said. ‘But I don’t 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 create a gambling parlor at Trackside, a shut racetrack facility that was once used as a training center.
Churchill Downs is investing in historical race devices to revamp its training facility in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned 85,000-square-foot venue will cost Churchill Downs between $50 million and $60 million. Whenever finished, the video gaming center will house up to 650 machines that take wagers on previously run horse events.
Situated five miles east of the Churchill that is famed Downs, home of the Kentucky Derby, initial leg of the famed Triple Crown, Trackside will provide area residents and visitors with year-round parimutuel wagering.
The organization claims it has no intends to incorporate historic race betting 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 city while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners.’
Expedited Events
Historical racing, often referred to 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 of 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, put second, and show 3rd. The competition is run, and payouts are in line with the parimutuel that is traditional, with the gamer’s wager divvied up into several pools such as picking 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 player’s behalf on the basis of the actual odds that are pre-race. Thus giving the gambler top horses per the odds, but in addition the lowest payouts.
Historical racing machines also look just like slots due to the many ways to win, not unlike the reel that is many available on the electronics today.
The Churchill Downs Trackside gaming facility will likely be 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 conservative state, with 63 percent of adults 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’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 legal footing for 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 by way of a solitary vote in the State Senate.
Legionnaires’ infection Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease nevertheless hasn’t checked out of The Parisian, Las Vegas Sands’ $2.7 billion lavish resort that opened just last fall.
Legionnaires’ disease has stricken guests in both Las Vegas and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious bacterial disease that contaminates the lungs and often 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’ disease at The Parisian after three men, aged 66, 70, and 84, tested positive after staying at the resort individually 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 wellness Bureau, legionella bacterial was found in the property’s most test that is recent.
Overstaying its welcome, ‘abnormal’ degrees of legionella had been discovered, the Bureau said. The health that is federal didn’t reveal where the bacterial was spotted, plus 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 World Series of Poker (WSOP), the Rio states it’s working closely using the Southern Nevada Health District and ‘taking aggressive remediation actions to ensure the safety’ of its water.
No deaths happen reported in either Macau or Las Vegas from Legionnaires’ infection, though among the men in China apparently continues to be in critical condition. In New York City, nevertheless, the illness has had the life span of an senior man whom was already battling significant wellness problems.
The New york wellness Department claims six others have already been sickened by Legionnaires’, with four patients still in a medical facility.
Legionnaires’ is a bacterium commonly found in rivers and lakes. When it travels into water and cooling systems, it could multiply and infect people. Large structures like resorts tend to be more vulnerable towards the disease due to their complex and vast ventilation and 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, if you’re considering venturing to Las Vegas in order to play in another of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthier adults.
The Caesars property is hoping to boost on the 6,737 entrants into last year’s $10,000 buy-in Main Event.
It seems the thousands of poker players are entering 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 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 percent, respectively.