Rough Rock Atlantic City will reopen to guests next Memorial Day week-end should the company’s $500 million renovation stay on schedule.
When the Trump that is former Taj opens as tricky Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That’s according to company officials whom say the facelift will transform the Trump that is former Taj 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 in comparison to what President Donald Trump paid to construct the resort in the late 1980s. The former estate that is real and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk place.
Showing up ahead of the Casino Reinvestment Development Authority (CRDA), Hard Rock Global Senior VP of Design and Construction Joe Emanuele unveiled, ‘We wish to start demolition by the following month and complete construction by August.’
Upping the Ante
Tricky Rock had initially planned to invest $300 million energizing 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 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, tricky Rock Atlantic City will offer 2,400 slot machines and 130 table games when it reopens. It will also feature two separate concert venues that will have a way to allow for over 7,000 people.
The Hard Rock Café, which has been in operation at the Taj since 1996, will also receive a slight makeover. The stone memorabilia restaurant will be expanded to 400 seats.
CRDA Chairman Robert Mulcahy celebrated complex 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 New Jersey’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 % year to date (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the nj-new jersey town.
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 exactly what may 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 continuing reminder of the economic turbulence Atlantic City endured over the final decade. 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 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 have never 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 businesses spent an approximated $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 detailed, although they appear 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 ongoing company has ever been profitable, or that they have been fighting cash movement issues. In the months before their proposed merger was first announced, last November, sources whom spoke to the brand New York Post reported that both companies were months behind with payments to suppliers.
They certainly were also well behind with the legion of lawyers and lobbyists have been fighting for their interests in multiple states throughout the United States.
The merger, it was hoped, would supply a course to profitability, slashing the legal and lobbying fees for the combined company, while enabling it to lay off superfluous staff, and removing the need for marketing competition.
But according to the Financial Trade Commission, having less competition was the problem. 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 Performs This Leave DFS?
Should the merger not to proceed, as is likely, it leaves DraftKings, FanDuel as well as the DFS industry in a tight spot.
DraftKings recently embarked for a new $100 million funding 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 money in 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 percent stake in the business.
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 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 issued, the 69-year old might 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 very nearly 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 absolute minimum of nine and up to 33 years for their role in a 2007 event 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 his university and career that is professional was indeed 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 fleetingly thereafter and prosecutors started to build case against them.
At the 2008 trial, four of the defendants testified against the Hall of Famer. He claimed he did not know there is weapons at the confrontation. The jury was not swayed and he as well as an associate were convicted of kidnapping, armed robbery, and attack with a weapon that is deadly.
Ironically, his prison 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 friend, Ron Goldman. The court case, that was televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ His attorneys argued that his conviction eight years ago was payback for their 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, that was located in Carson City, via teleconference that he had been remorseful for his crimes.
‘My crime was trying to retrieve for my property that is own, Simpson said at the event. ‘we would give it all back again to these guys. They may have it all relative back if I could get these last five years right back.’
The board, which heard his case, granted parole for some of his crimes, but noted he still had four more years until his minimum sentence ended up being reached, and denied a full release that is conditional.
Model Prisoner
Simpson’s time has been offered at Lovelock Correctional Facility, a medium safety state prison in the desert 100 miles northeast of Reno. He is its most inmate that is famous but has spent their 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 fallen soccer star is its many famous prisoner. (Image: David Crane/Los Angeles Daily News.)
Which will many factor that is likely to the decision to free him or perhaps not. Simpson has had no disciplinary incidents while incarcerated and has offered being a mentor to other criminals. Their age additionally works in his favor, as do the reports that are positive previous hearings.
The panel that is four-member hear from Simpson’s lawyer, Malcolm LaVergne, who will probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, one of the two victims, died in 2015 plus the other, Fromong, really wants 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 initial approval from the Kentucky Horse Racing Commission to create a gambling parlor at Trackside, a closed racetrack facility that was once 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 85,000-square-foot venue will price Churchill Downs between $50 million and $60 million. When finished, the video gaming center will house up to 650 machines that take wagers on previously run horse races.
Situated five miles east of the famed Churchill Downs Racetrack, home of the Kentucky Derby, the very first leg of the famed Triple Crown, Trackside provides area residents and site visitors with year-round parimutuel wagering.
The company claims it does not have any plans 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 historic that is state-of-the-art facility enables us to deliver an exciting and compelling parimutuel product for our customers in Louisville. This is a great possibility for 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 racing, 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 are not revealed, but a ‘skill graph’ displaying information from that day’s actual form that is racing.
Bettors pick three horses to win, spot second, and show 3rd. The competition is run, and payouts are on the basis of the old-fashioned parimutuel process, with the gamer’s wager divvied up into several swimming pools such as picking the winner, or to win, place, or show.
Instant racing resembles slots as a result of feature which allows the machine to automatically select the horses on the gamer’s behalf based on the actual odds that are pre-race. This provides the gambler the most effective horses per the odds, but also the cheapest payouts.
Historical racing machines also look much like slots because of the different ways to win, maybe not unlike the reel that is many entirely on the electronics today.
The Churchill Downs Trackside video gaming facility will be open for business 9 am 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 per cent 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 ended up being back in 1996 with Bill Clinton.
There are no commercial or tribal casinos in Kentucky, and slots and table games remain outlawed. This is exactly 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, however, provides appropriate 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 beaten by way of a solitary vote in the State Senate.
Legionnaires’ Disease Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease still hasn’t tested of The Parisian, Las Vegas Sands’ $2.7 billion luxurious resort that opened just last fall.
Legionnaires’ condition has stricken guests in both nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ https://real-money-casino.club/ is a potentially serious microbial infection that contaminates the lungs and frequently includes 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’ 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 report this week from 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 federal wellness agency did not reveal where the bacterial was spotted, and also the resort remains open for company.
Worldwide Outbreak
Macau isn’t the only gambling town 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 utilizing 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’ condition, though one of many men in China apparently continues to be in critical condition. In nyc, but, the illness has had the life of a elderly man whom had been currently fighting significant health problems.
The New york Health Department claims six others are 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 may multiply and infect humans. Large buildings like resorts tend to be more prone to your 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 mass aches, confusion, and diarrhoea.
WSOP Attendance Up
The WSOP is well underway, and when you’re considering venturing to Las Vegas in order to play in one of the 74 events, the detection of Legionnaires’ disease presents few concerns for healthier adults.
The Caesars property is hoping to enhance in 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 are not being scared 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 %, respectively.