Complex Rock Atlantic City will reopen to guests next Memorial Day weekend should the business’s $500 million renovation remain on schedule.
Once the former Trump Taj Mahal opens as rough 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 previous Trump Taj Mahal property 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 in comparison to what President Donald Trump paid to build the resort in the 1980s that are late. The previous real-estate developer and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk place.
Appearing before the Casino Reinvestment Development Authority (CRDA), intense Rock Overseas Senior VP of Design and Construction Joe Emanuele unveiled, ‘We wish to start demolition by the following month and construction that is full August.’
Upping the Ante
Complex Rock had initially prepared to spend $300 million energizing the Taj, but upon further inspection, recognized more capital was required to rid the Indian-themed décor.
‘The amount of cash we are going to have to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen stated last month. ‘Jesus! What had been we thinking?’
Set on 17 acres between Resorts and the Showboat, Hard Rock Atlantic City will offer you 2,400 slot machines and 130 dining table games when it reopens. It will likewise feature two separate concert venues that will have the ability to allow for over 7,000 people.
The Hard Rock Café, which has been around 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 tricky 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 nj-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 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 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 question that is biggest on the Boardwalk is what will 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 final decade. 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, based on a merger that is 106-page circulated by FanDuel to its investors back 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 since its inception, expect for the year when it lost nine year.
In 2015, the year the two companies bombed America’s airwaves having a advertising blitzkrieg, DraftKings reported operating 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 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’s no secret that neither ongoing company has ever been lucrative, or that they have been fighting money flow dilemmas. Into the weeks before their proposed merger was first established, last November, sources who spoke towards the New York Post reported that both companies had been months behind with re 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 throughout 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 permitting 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 issue. 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 prevent the deal, pending and administrative trial.
Where Does This Keep DFS?
Should the merger not to proceed, because is likely, it leaves DraftKings, FanDuel therefore 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 within the past. In 2015 alone DraftKings was able to raise $300 million, around $150 million of which arrived from Fox Sports in return for an 11 % stake in the company.
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 instance.
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 famed football celebrity 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 getting a new test) has served almost nine years in a Nevada State prison and is up for parole month that is next. 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 a minimum of nine and up to 33 years for his 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 that they had been informed two sports memorabilia dealers had some of his mementos from his university and career that is professional was 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 briefly thereafter and prosecutors began to build case against them.
At the 2008 test, four of the defendants testified against the Hall of Famer. He claimed he did not understand there would be weapons at the conflict. The jury had not been swayed and he and 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 double homicide charges within the murders of his wife, Nicole Brown Simpson and her friend, Ron Goldman. The court case, that was televised worldwide, was dubbed, ‘The Trial of the Century.’ their attorneys argued that his conviction eight years ago had been 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 previous parole hearings, one in 2013 and another the following year. At the hearing that is initial he told the panel, that has been based in Carson City, via teleconference that he had been remorseful for his crimes.
‘My criminal activity was wanting to recover for my own property,’ Simpson said at the event. ‘i would give it all relative back again to these guys. They could have it all relative back if I really 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 was reached, and denied a full release that is conditional.
Simpson’s time has been offered at Lovelock Correctional Facility, a medium security state prison in the wilderness 100 miles northeast of Reno. He is its most inmate that is famous but has spent their sentence quietly and it 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,’ considering that the dropped football star is its many famous prisoner. (Image: David Crane/Los Angeles Everyday News.)
That will many factor that is likely to the decision to free him or 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 good reports on previous hearings.
The four-member panel will hear from Simpson’s lawyer, Malcolm LaVergne, that will probably argue that their client would live a quiet, crime-free life, if released.
Beardsley, among the two victims, died 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 initial approval from the Kentucky Horse Racing Commission to build a gambling parlor at Trackside, a closed racetrack facility that was once used as an exercise center.
Churchill Downs is investing in historical race devices to revamp its training facility in Louisville, Kentucky. (Image: Wikipedia Commons)
The planned venue that is 85,000-square-foot cost Churchill Downs between $50 million and $60 million. When completed, the video gaming center will house up to 650 machines that take wagers on previously run horse events.
Situated five miles east of the famed Churchill Downs Racetrack, home of the Kentucky Derby, 1st leg regarding the famed Triple Crown, Trackside provides area residents and visitors with year-round parimutuel wagering.
The company claims it does not have any intends to incorporate race that is historical into its renowned track, as space there clearly 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 slot machines.
The player deposits a wager and a race is randomly selected. Identities of this 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 3rd. The race is run, and payouts are based on the parimutuel that is traditional, with the player’s wager divvied up into several swimming pools such as choosing the winner, or to win, place, or show.
Instant racing resembles slots because of feature enabling the machine to automatically select the horses on the player’s behalf based on the actual odds that are pre-race. This provides the gambler top horses per chances, but additionally the cheapest payouts.
Historical racing machines also look much like slots due to the different ways to win, perhaps not unlike the reel that is many entirely on the electronic devices today.
The Churchill Downs Trackside gaming facility are open for business 9 am to 2 am through Thursday, and Sunday, and 24 hours on Friday and Saturday monday.
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 was back 1996 with Bill Clinton.
There are no commercial or casinos that are tribal Kentucky, and slots and table games remain outlawed. That is 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, nevertheless, 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 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 checked out of The Parisian, Las vegas, nevada Sands’ $2.7 billion lavish resort that opened fall that is just last.
Legionnaires’ disease has stricken guests in both Las Vegas and Macau. (Image: Centers for Disease Control)
Legionnaires’ is a potentially serious microbial infection that contaminates the lung area and often is sold with 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 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 stated it immediately disinfected the water lines associated to where the guests stayed, but in a report this week from the Macau Health Bureau, legionella bacterial was found in the home’s most recent test.
Overstaying its welcome, ‘abnormal’ levels of legionella had been found, the Bureau said. The health that is federal don’t reveal where the bacterial was spotted, while the resort remains open for business.
Macau isn’t the only gambling city 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 global World Series of Poker (WSOP), the Rio states it’s working closely because of the Southern Nevada Health District and ‘taking aggressive remediation actions to guarantee the safety’ of its water.
No deaths were reported in either Macau or Las vegas, nevada from Legionnaires’ infection, though among the men in Asia apparently continues to be in critical condition. In New York City, but, the illness has brought the life of a man that is elderly ended up being currently fighting significant wellness dilemmas.
The New York City Health Department claims six other people have now 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 increase and infect humans. Large structures like resorts are more susceptible towards the disease for their complex and vast ventilation and cooling systems.
Signs and symptoms of Legionnaires’ include fever, cough, chills, headache, fatigue, loss of appetite, muscle mass aches, confusion, and diarrhea.
WSOP Attendance Up
The WSOP is well underway, if you’re considering venturing to Las Vegas to be able to play in one of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthy adults.
The Caesars property is hoping to boost on the 6,737 entrants into last 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 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 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.