Intense Rock Atlantic City will reopen to guests next Memorial Day week-end should the company’s $500 million renovation stay on schedule.
If the former Trump Taj Mahal opens as complex 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 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 real-estate designer and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk location.
Showing up prior to the Casino Reinvestment Development Authority (CRDA), intense Rock Overseas Senior VP of Design and Construction Joe Emanuele revealed, ‘We wish to start demolition by next month and full construction by August.’
Upping the Ante
Hard Rock had initially prepared to spend $300 million energizing the Taj, but upon further inspection, understood more capital was required to rid the Indian-themed décor.
‘The amount of money we will 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, tough 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 the ability to accommodate over 7,000 people.
The Hard Rock Café, which has been in 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 Hard Rock’s commitment to Atlantic City by saying, ‘The prepared 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 the casino that is only hospitality company that is bullish on Atlantic City. With total video gaming win up over 11 per cent 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 discuss investments that are further 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 really 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 economic turbulence Atlantic City endured over the final ten years. 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 money, based on a 106-page merger document circulated by FanDuel to its investors back in January, and leaked to AXIOS this week.
DraftKings and FanDuel have not 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 season the two companies bombed America’s airwaves having a advertising blitzkrieg, DraftKings reported running losses of over half a billion bucks on revenues of $80 million.
It’s believed that both companies spent a calculated $750 million wanting 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 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 losses of $59 million.
Merger in big Trouble
It’s no secret that neither ongoing company has ever been lucrative, or that they have been struggling with money movement problems. Within the weeks before their proposed merger was first established, last November, sources whom spoke to the New York Post reported that both companies had been months behind with payments to suppliers.
These people were also well behind with the legion of solicitors and lobbyists who were fighting for their interests in numerous states over 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 allowing it to lay off superfluous staff, and removing the requirement for marketing competition.
But according to the Financial Trade Commission, having less 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 halt the deal, pending and administrative trial.
Where Does This Keep DFS?
Should the merger not to proceed, because is likely, it leaves DraftKings, FanDuel and the DFS industry in a spot that is tight.
DraftKings recently embarked for 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 funding within the past. In 2015 alone DraftKings had been able to raise $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 little 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 to get a fresh 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 had been sentenced on Oct. 3, 2008 to serve a minimum of nine and up to 33 years for his role in a 2007 event at the Palace Station Casino in Las Vegas. The soccer star and five men entered the hotel room where they’d been informed two sports memorabilia dealers had some of his mementos from their college and professional career that was indeed reported stolen.
Some of those with the celebrity brandished handguns when they confronted dealers Bruce Fromong and Alfred Beardsley and took straight back the souvenirs. The group was arrested soon thereafter and prosecutors began to build a full case against them.
At the 2008 trial, four associated with the defendants testified against the Hall of Famer. He claimed he did not know there is guns 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 prison term started 13 years to the date of his exoneration from double homicide charges in the murders of their wife, 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 attorneys argued that his conviction eight years ago ended up being payback for his 1995 acquittal, which many thought had been a miscarriage of justice.
3rd Time’s the Charm?
Simpson, referred to 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 has been situated in Carson City, via teleconference that he was remorseful for his crimes.
‘My crime was wanting to retrieve for my own home,’ Simpson said at the big event. ‘I would give it all back in to these guys. They might have it all relative straight back if I could get these last five years back.’
The board, which heard his case, granted parole for a few 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.
Model Prisoner
Simpson’s time has been offered at Lovelock Correctional Facility, a medium protection state prison in the desert 100 miles northeast of Reno. He is its most inmate that is famous but has spent his sentence quietly and is described as 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 dropped football star is its many famous prisoner. (Image: David Crane/Los Angeles Everyday News.)
Which will most factor that is likely to the decision to free him or not. Simpson has had no incidents that are disciplinary incarcerated and has offered as a mentor to other criminals. Their age also works in their favor, as do the reports that are positive previous hearings.
The four-member panel will hear from Simpson’s lawyer, Malcolm LaVergne, who can probably argue that his client would live a quiet, crime-free life, if released.
Beardsley, one of many two victims, passed away in 2015 and the other, Fromong, would like to attend the proceedings, but told the Associated Press he is not sure what he would say.
‘I’ve lost everything,’ 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 approval that is initial the Kentucky Horse Racing Commission to develop 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 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. When online casino real money completed, the 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 initial leg of the famed Triple Crown, Trackside provides area residents and visitors with year-round parimutuel wagering.
The organization states it has no intends to incorporate historical race betting 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 will allow us to deliver an exciting and compelling parimutuel product for our customers in Louisville. This is a great opportunity for 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 that often resembles slot machines.
The player deposits a wager and a race is randomly selected. Identities associated with the track, horses, and jockeys aren’t 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 third. The competition is run, and payouts are based on the conventional parimutuel process, with the gamer’s bet divvied up into several swimming pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots because of feature that allows the machine to automatically select the horses on the ball player’s behalf in line with the actual pre-race odds. This gives the gambler top horses per the odds, but also the cheapest payouts.
Historical racing machines also look much like slots due to 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 is 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 % of grownups 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 was back in 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 machines that are racing.
This week’s authorization from the Kentucky Horse Racing Commission, but, provides footing that is legal 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 with a single vote in the State Senate.
Legionnaires’ condition Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease nevertheless hasn’t examined of The Parisian, vegas Sands’ $2.7 billion luxurious 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 is sold with symptoms pneumonia that is resembling. Though many healthy adults will not develop serious infection through the infection, as the body is normally able to rid the bacteria, those with preexisting conditions are prone 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 said it immediately disinfected the water lines associated to where the guests stayed, but in a written report this week through the Macau Health Bureau, legionella bacterial was present in the house’s many test that is recent.
Overstaying its welcome, ‘abnormal’ levels of legionella had been discovered, the Bureau said. The health that is federal did not reveal where the bacterial was spotted, while the resort remains open for business.
Global 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 says it’s working closely with all the Southern Nevada Health District and ‘taking aggressive remediation actions to guarantee the safety’ of its water.
No deaths have already been reported in either Macau or Las vegas, nevada from Legionnaires’ illness, though one of many men in China apparently remains in critical condition. In nyc, however, the infection has had the life of an elderly man whom was already battling significant health issues.
The New york wellness Department claims six others have now been sickened by Legionnaires’, with four patients still in a healthcare facility.
Legionnaires’ is a bacterium commonly found in streams and lakes. It can multiply and infect humans when it travels into water and cooling systems. Large buildings like resorts are far more vulnerable to your disease because of their complex and vast air flow and cooling systems.
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, if you’re considering venturing to vegas so that you can play in just one of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthier adults.
The Caesars property is hoping to boost regarding 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 scared off by the bacterial outbreak. Attendance is up over the first three weekends of the tournament’s 49 times.
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 per cent, respectively.
