Tricky Rock Atlantic City will reopen to guests next Memorial Day weekend should the company’s $500 million renovation remain 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 is according to company officials whom say the facelift will transform the previous 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 just $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 estate that is real and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk location.
Showing up ahead of the Casino Reinvestment Development Authority (CRDA), Hard Rock Overseas 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 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 money we are 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 were we thinking?’
Set on 17 acres between Resorts and the Showboat, intense Rock Atlantic City will offer you 2,400 slot devices and 130 dining table games when it reopens. It will likewise feature two separate concert venues that will have a way to allow for 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 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 entertainment facility, increasing employment opportunities and strengthening Atlantic City and 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 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. Though details had been scarce during the governor’s press meeting with MGM CEO Jim Murren and Caesars boss Mark Frissora, both professionals revealed their companies is devoting extra resources with their Atlantic City properties in the coming months.
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 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 throughout 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, in accordance with 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 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 a calculated $750 million attempting to out-market one another that year.
Over its four-year existence DraftKings has lost an astounding $688 million, based on the documents, some $98 million of that last 12 months. FanDuel’s figures are less detail by detail, although they look to be slightly better, or at the 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 some Trouble
It’s no secret that neither company has ever been lucrative, or that they have been suffering money movement dilemmas. Into the months before their proposed merger was first established, final November, sources whom spoke to the brand 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 were fighting for their interests in numerous states over the US.
The merger, it was hoped, would provide a course to profitability, slashing the legal and lobbying fees for the combined company, while allowing it to lay off staff that is superfluous and removing the need for marketing competition.
But according to the Financial Trade Commission, the possible lack of competition was the problem. 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 halt the deal, pending and administrative trial.
Where Performs This Leave DFS?
Should the merger not to proceed, as is likely, it leaves DraftKings, FanDuel and the DFS industry in a spot that is tight.
DraftKings recently embarked for a new $100 million financing 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 substitution for an 11 % stake in the organization.
In 2015, everyone wanted a bit of DFS, but with profitability now looking elusive and the industry facing headwinds, that may no much longer be the situation.
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 football that is famed has a hearing July 20 and if provided, the 69-year old could be a free guy by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying getting a new test) 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 ended up being sentenced on Oct. 3, 2008 to serve the very least of nine and up to 33 years for his role in a 2007 event at the Palace Station Casino in Las Vegas. The football star and five males entered the resort room where they had been informed two sports memorabilia dealers had some of his mementos from their university and career that is professional had been reported stolen.
Some of those with the celebrity brandished handguns once they confronted dealers Bruce Fromong and Alfred Beardsley and took right back the souvenirs. The group was arrested briefly thereafter and prosecutors started to build case against them.
At the 2008 trial, four for the defendants testified against the Hall of Famer. He claimed he did not know there is weapons at the conflict. The jury was not swayed and he plus an associate were convicted of kidnapping, armed robbery, and attack with a deadly gun.
Ironically, his jail 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, that has been televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ their lawyers argued that his conviction eight years ago ended up being 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 past parole hearings, one in 2013 and another the following year. During the initial hearing, he told the panel, which was based in Carson City, via teleconference that he had been remorseful for their crimes.
‘My crime was wanting to recover for my own home,’ Simpson said at the event. ‘we would give it all back again to these guys. They might have it all relative straight back if I could get these last 5 years right back.’
The board, which heard their case, granted parole for a few of his crimes, but noted he still had four more years until their minimum sentence had been reached, and denied a full release that is conditional.
Simpson’s time has been served at Lovelock Correctional center, a medium security state prison in the wilderness 100 miles northeast of Reno. He is its most famous inmate, but has spent his sentence quietly and is described as being a model prisoner.
This state jail 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 prisoner that is famous. (Image: David Crane/Los Angeles Day-to-day News.)
That may most factor that is likely to the decision to free him or otherwise not. Simpson has had no disciplinary incidents while incarcerated and has offered being a mentor to other criminals. Their 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 the two victims, passed away in 2015 while the other, Fromong, desires 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 approval that is initial the Kentucky Horse Racing Commission to build a gambling parlor at Trackside, a closed racetrack facility that was previously used as a training center.
Churchill Downs is investing in historical racing machines to revamp its training center in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned venue that is 85,000-square-foot price Churchill Downs between $50 million and $60 million. When finished, the gaming center will house up to 650 machines that take wagers on previously run horse events.
Found five miles east of the famed Churchill Downs Racetrack, home of the Kentucky Derby, the initial leg of this famed Triple Crown, Trackside will provide area residents and visitors with year-round parimutuel wagering.
The organization says it does not have any intends to incorporate race that is historical into its renowned track, as space there was 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 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 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, place second, and show third. The competition is run, and payouts are based on the parimutuel that is traditional, with the player’s bet divvied up into several 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 player’s behalf based on the actual pre-race odds. This gives the gambler top horses per the odds, but additionally the best payouts.
Historical race machines also look similar to slots because of the different ways to win, not unlike the reel that is many found on the electronics today.
The Churchill Downs Trackside video gaming facility is going to be open for business 9 am to 2 am Monday through Thursday, and Sunday, and 24 hours on Friday and Saturday.
Legality Finds Footing
Kentucky is a state that is conservative with 63 per cent 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. 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 by 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 tested of The Parisian, nevada Sands’ $2.7 billion lavish resort that opened fall that is just last.
Legionnaires’ infection has stricken guests in both nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial disease that contaminates the lungs and often comes with symptoms pneumonia that is resembling. Though most healthy adults will not develop severe illness through the disease, as the body is usually able to rid the bacteria, those with preexisting conditions are susceptible 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 individually in December, January, and March. Sands said 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 present in the home’s many test that is recent.
Overstaying its welcome, ‘abnormal’ quantities of legionella had been discovered, the Bureau said. The health that is federal don’t reveal where the bacterial was spotted, and 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 World Series of Poker (WSOP), the Rio claims it’s working closely with all the Southern Nevada Health District and ‘taking aggressive remediation actions to ensure 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 Asia reportedly continues to be in critical condition. In New York City, nonetheless, real-money-casino.club the disease has had the life of a man that is elderly was already fighting significant health problems.
The New york Health Department states six others have been sickened by Legionnaires’, with four clients still in a healthcare 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 buildings like resorts are more vulnerable towards 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 diarrhea.
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 another of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthy adults.
The Caesars property is hoping to improve regarding the 6,737 entrants into last year’s $10,000 Main that is buy-in Event.
It seems the thousands of poker players are entering the Rio floor are not being frightened off by the outbreak that is bacterial. 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.