Intense Rock Atlantic City will reopen to guests next Memorial Day weekend should the business’s $500 million renovation remain on schedule.
If the Trump that is former Taj opens as tough Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.
That’s based on company officials who say the facelift will transform the former 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 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 venue.
Showing up before the Casino Reinvestment Development Authority (CRDA), tricky Rock Overseas Senior VP of Design and Construction Joe Emanuele revealed, ‘We wish to start demolition by the following month and full construction by August.’
Upping the Ante
Rough Rock had initially prepared to spend $300 million energizing the Taj online casino games for real money, but upon further inspection, discovered more capital was required to rid the Indian-themed décor.
‘The amount of money we will 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, tricky Rock Atlantic City will offer you 2,400 slot devices and 130 dining table games when it reopens. It will feature two separate concert venues that will have the ability to accommodate over 7,000 people.
The Hard Rock Café, which has been around operation at the Taj since 1996, will also receive a small makeover. The rock memorabilia restaurant will be expanded to 400 seats.
CRDA Chairman Robert Mulcahy celebrated tough 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 activity facility, increasing employment opportunities and strengthening Atlantic City and nj-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 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 go over investments that are further Atlantic City. Though details had been scarce during the governor’s press meeting with MGM CEO Jim Murren and Caesars boss Mark Frissora, both executives 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 city’s rules and obtain a gambling permit to reopen the casino.
The $2.4 billion resort is a constant reminder of the financial turbulence Atlantic City endured throughout 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 money, 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 DraftKings has lost well into eight figures every since its inception, expect for the year when it lost nine year.
In 2015, the entire year the two companies bombed America’s airwaves by having a advertising blitzkrieg, DraftKings reported running losses of over half a billion bucks on revenues of $80 million.
It’s believed that both organizations spent a believed $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 detail by detail, although they appear to be slightly better, or at the very 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 profitable, or that they have been struggling with cash movement dilemmas. Into the months before their proposed merger was first established, last November, sources who spoke towards the New York Post reported that both companies were months behind with payments to suppliers.
These people were additionally well behind with the legion of attorneys and lobbyists have been fighting for their interests in multiple states over the United States.
The merger, it was hoped, would supply a path to profitability, slashing the legal and lobbying fees for the combined business, while enabling it to lay off staff that is superfluous and removing the requirement for marketing competition.
But according to the Financial Trade Commission, the lack of competition was the issue. 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 Keep DFS?
Should the merger not to proceed, because is likely, it leaves DraftKings, FanDuel as well as the DFS industry in a tight spot.
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 in the past. In 2015 alone DraftKings managed to raise $300 million, around $150 million of which arrived from Fox Sports in substitution for an 11 % 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 longer be the instance.
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 might be a free man by Oct. 1.
O.J. Simpson (seen here back in court in 2013, trying to obtain a brand new trial) has served almost 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 ended up being sentenced on Oct. 3, 2008 to serve the absolute minimum of nine and up to 33 years for his role in a 2007 incident at the Palace Station Casino in Las Vegas. The soccer star and five males entered the resort room where that they had been informed two sports memorabilia dealers had some of his mementos from their college and professional career that have 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 soon thereafter and prosecutors started 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 confrontation. The jury wasn’t swayed and he as well as an associate were convicted of kidnapping, armed robbery, and assault with a deadly gun.
Ironically, his jail term started 13 years to the date of his exoneration from dual homicide charges into the murders of their wife, Nicole Brown Simpson and her friend, Ron Goldman. The court case, that was televised worldwide, was dubbed, ‘The Trial of the Century.’ His attorneys argued that his conviction eight years ago ended up being payback for their 1995 acquittal, which many thought had been a miscarriage of justice.
Third Time’s the Charm?
Simpson, called prisoner 1027820, has had two past parole hearings, one in 2013 and another the year that is following. At the hearing that is initial he told the panel, which was based in Carson City, via teleconference that he had been remorseful for their crimes.
‘My criminal activity was wanting to recover for my own home,’ 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 right back.’
The board, which heard their case, granted parole for some of his crimes, but noted he still had four more years until his minimum sentence had been reached, and denied a full conditional launch.
Simpson’s time has been offered at Lovelock Correctional Facility, a medium protection state prison in the wilderness 100 miles northeast of Reno. He is its many famous inmate, but has invested his phrase quietly and it 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,’ considering that the dropped football star is its many prisoner that is famous. (Image: David Crane/Los Angeles Day-to-day News.)
That may most likely aspect in 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 also works in his favor, as do the positive reports on previous hearings.
The four-member panel will hear from Simpson’s lawyer, Malcolm LaVergne, who’ll probably argue that his client would live a quiet, crime-free life, if released.
Beardsley, one of many two victims, died in 2015 and also the other, Fromong, wants to attend the proceedings, but told the Associated Press he is not sure what he’d 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 previously 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 finished, the gaming center shall house up to 650 machines that take wagers on previously run horse events.
Located five miles east of the Churchill that is famed Downs, 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 organization states it doesn’t have intends to incorporate historical 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 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 that often resembles slots.
The player deposits a wager and a race is randomly selected. Identities regarding 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, put second, and show third. The battle is run, and payouts are in line with the parimutuel that is traditional, with the gamer’s bet divvied up into several swimming pools such as picking 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 provides the gambler the very best horses per the chances, but additionally the lowest payouts.
Historical racing machines also look much like slots as a result of the various ways to win, not unlike the many reel combinations available on the electronic devices today.
The Churchill Downs Trackside gaming facility is 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 % of adults 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 had been back 1996 with Bill Clinton.
There are no commercial or tribal gambling enterprises in Kentucky, and slots and table games remain outlawed. That’s why some are calling into question the legality of historical horse racing devices.
This week’s authorization from the Kentucky Horse Racing Commission, nonetheless, provides footing that is legal 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 single vote in hawaii Senate.
Legionnaires’ condition Continues to Make Headlines at Resort Casinos From Las Vegas to Macau
Legionnaires’ disease nevertheless hasn’t checked out of The Parisian, vegas Sands’ $2.7 billion luxurious resort that opened fall that is just last.
Legionnaires’ infection has stricken guests in both Las vegas, nevada and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial infection that contaminates the lungs and often includes signs pneumonia that is resembling. Though many healthy adults won’t develop severe disease through the infection, as the human body is typically able to rid the bacteria, those with preexisting conditions are vunerable to more grave consequences.
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 visitors stayed, but in a study this week from the Macau wellness Bureau, legionella bacterial was present in the property’s most test that is recent.
Overstaying its welcome, ‘abnormal’ degrees of legionella had been found, the Bureau said. The health that is federal didn’t expose where the bacterial was spotted, and also the resort remains open for business.
Macau isn’t the only gambling city battling Legionnaires’. In Las Vegas, the Rio has been in the procedure of cleaning its water system after two guests whom stayed separately at the all-suites property dropped ill towards the illness.
Currently hosting the World Series of Poker (WSOP), the Rio states 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’ condition, though one of many men in Asia apparently remains in critical condition. In nyc, nevertheless, the disease has brought the life span of a elderly man whom was currently fighting significant wellness problems.
The New York City wellness Department states six other people are sickened by Legionnaires’, with four clients still in a medical facility.
Legionnaires’ is a bacterium commonly present in rivers and lakes. When it travels into water and cooling systems, it could grow and infect humans. Large buildings like resorts are more vulnerable towards the disease because of the complex and ventilation that is vast cooling systems.
Symptoms of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle tissue 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 another of the 74 events, the detection of Legionnaires’ disease presents few issues for healthier adults.
The Caesars property is hoping to enhance regarding the 6,737 entrants into this past year’s $10,000 Main that is buy-in Event.
It appears the thousands of poker players are going into 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 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 percent, respectively.