Tricky Rock Atlantic City will reopen to guests next Memorial Day weekend should the company’s $500 million renovation remain 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 in accordance with company officials who say the facelift will transform the former Trump Taj Mahal home 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 when compared with what President Donald Trump paid to construct 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 place.
Appearing before the Casino Reinvestment Development Authority (CRDA), tough Rock International Senior VP of Design and Construction Joe Emanuele revealed, ‘We hope to start demolition by the following month and full construction by August.’
Upping the Ante
Tricky Rock had initially planned to spend $300 million energizing the Taj, but upon further inspection, discovered 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 last thirty days. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, tricky Rock Atlantic City will offer 2,400 slot machines and 130 dining 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 at the Taj since 1996, will also receive a small makeover. The stone 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 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 per cent year up to now (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the New Jersey town.
Executives from MGM Resorts and Caesars recently met with Governor Chris Christie (R) to go over 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 question that is biggest on the Boardwalk is really 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 economic turbulence Atlantic City endured within the decade that is last. A total of five casinos shut 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, according to a merger that is 106-page 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 week, including an astonishing $509 million loss for DraftKings recorded in 2015. (Image: Tech Crunch)
AXIOS reports that online casino real money free bonus DraftKings has lost well into eight figures every year since its inception, anticipate for the 12 months when it lost nine.
In 2015, the entire year the two companies bombed America’s airwaves with 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 calculated $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 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 losings of $59 million.
Merger in Trouble
It is no secret that neither ongoing company has ever been lucrative, or that they have been struggling with cash flow problems. In the weeks before their proposed merger was first announced, final November, sources who spoke to the New York Post reported that both companies had been months behind with payments to suppliers.
These were additionally well behind with the legion of solicitors and lobbyists have been 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 permitting it to lay off superfluous staff, and removing the need for marketing competition.
But according to the Financial Trade Commission, the lack of 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, because is likely, it leaves DraftKings, FanDuel plus 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 find financing into the past. In 2015 alone DraftKings was able to boost $300 million, around $150 million of which arrived from Fox Sports in return for an 11 per cent stake in the company.
In 2015, everyone wanted a little bit of DFS, but with profitability now looking elusive 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 football that is famed has a hearing July 20 and if awarded, the 69-year old is actually 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 next month. 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 their role in a 2007 incident at the Palace Station Casino in Las Vegas. The soccer star and five men entered the hotel room where they had been informed two sports memorabilia dealers had some of his mementos from their university and professional career that had been reported stolen.
Some of those with the celebrity brandished handguns once they confronted dealers Bruce Fromong and Alfred Beardsley and took back the souvenirs. The group was arrested fleetingly thereafter and prosecutors started to build case against them.
At the 2008 test, four regarding the defendants testified against the Hall of Famer. He claimed he did not understand there is weapons at the confrontation. The jury wasn’t swayed and he as well as an associate were convicted of kidnapping, armed robbery, and assault with a deadly tool.
Ironically, his jail term started 13 years to the date of his exoneration from dual homicide charges in the murders of his spouse, Nicole Brown Simpson and her friend, Ron Goldman. The court case, that has been televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ their solicitors 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, referred to 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 based in Carson City, via teleconference that he had been remorseful for his crimes.
‘My crime was trying to recover for my property that is own, Simpson said at the function. ‘i would give it all relative back in to these guys. They might have it all 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 his minimum sentence was 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 many inmate that is famous but has spent their sentence quietly and it is described as a model prisoner.
This state prison in Lovelock, Nevada has come to be known by locals and fellow inmates as the ‘OJ House,’ considering that the fallen football star is its most famous prisoner. (Image: David Crane/Los Angeles Constant News.)
That will most likely element in to the decision to free him or otherwise not. Simpson has had no incidents that are disciplinary incarcerated and has served as a mentor to other criminals. His age also works in his favor, as do the reports that are positive previous hearings.
The panel that is four-member hear from Simpson’s attorney, Malcolm LaVergne, who’ll 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, would like 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 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 previously used as an exercise facility.
Churchill Downs is investing in historical race 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 completed, the video gaming center shall house up to 650 machines that take wagers on previously run horse races.
Found five miles east of the Churchill that is famed Downs, house of the Kentucky Derby, 1st leg of the famed Triple Crown, Trackside will provide area residents and site visitors with year-round parimutuel wagering.
The company states it does not have any 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 a great possibility 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.’
Historical racing, also known 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 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, put second, and show 3rd. The battle is run, and payouts are based on the old-fashioned parimutuel process, with the ball player’s wager divvied up into several swimming pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots due to a feature which allows the machine to automatically select the horses on the gamer’s behalf on the basis of the actual odds that are pre-race. Thus giving the gambler the most effective horses per chances, but also the best payouts.
Historical racing machines also look much like slots as a result of the various ways to win, maybe not unlike the many reel combinations found on the gadgets today.
The Churchill Downs Trackside gaming facility will likely be open for business 9 have always been to 2 am Monday through Thursday, and Sunday, and 24 hours on Friday and Saturday.
Legality Finds Footing
Kentucky is a conservative state, 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 machines that are racing.
This week’s authorization through the Kentucky Horse Racing Commission, nonetheless, 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’ condition Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease nevertheless 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’ is a potentially serious microbial infection that contaminates the lungs and often comes with signs resembling pneumonia. Though many healthy adults won’t develop serious infection through the disease, as your body is typically 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 visitors stayed, but in a written report this week from the Macau Health Bureau, legionella bacterial was found in the home’s many test that is recent.
Overstaying its welcome, ‘abnormal’ levels of legionella ended up being discovered, the Bureau said. The health that is federal don’t expose where the bacterial was spotted, while the resort remains open for company.
Macau isn’t the only gambling town battling Legionnaires’. In Las Vegas, the Rio has been in the process of cleaning its water system after two guests who stayed separately at the all-suites property dropped ill to the infection.
Currently hosting the World Series of Poker (WSOP), the Rio claims it’s working closely aided by the Southern Nevada Health District and ‘taking aggressive remediation actions to ensure the safety’ of its water.
No deaths have now been reported in either Macau or Las vegas, nevada from Legionnaires’ infection, though among the men in China apparently remains in critical condition. In nyc, however, the illness has had the life of an senior man who ended up being currently battling significant wellness problems.
The New York City wellness Department states six other people have been sickened by Legionnaires’, with four patients still in the hospital.
Legionnaires’ is a bacterium commonly present in streams and lakes. When it travels into water and cooling systems, it can multiply and infect humans. Large buildings like resorts are far more susceptible to your disease because of the 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, and in case you’re considering venturing to Las Vegas so that you can play in 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 Main that is buy-in Event.
It seems the thousands of poker players are going into the Rio floor aren’t being frightened off by the outbreak that is bacterial. Attendance is up over the first three weekends of the tournament’s 49 days.
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.