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Tough Rock Atlantic City Targets Memorial 2018 Opening day



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 complex Rock Atlantic City, the resort will celebrate the real-money-casino.club genre of rock ‘n’ roll.

That is based on company officials who say the facelift will transform the former Trump Taj Mahal property 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 construct the resort in the 1980s that are late. The previous estate that is real and casino businessman turned politician and now president invested over $1 billion constructing the Boardwalk place.

Appearing ahead of the Casino Reinvestment Development Authority (CRDA), complex 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

Tough Rock had initially planned to spend $300 million refreshing the Taj, but upon further inspection, recognized more capital was required to rid the Indian-themed décor.

‘The amount of money we’re 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 had been we thinking?’

Set on 17 acres between Resorts and the Showboat, intense Rock Atlantic City will offer 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 accommodate 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 rock memorabilia restaurant will be expanded to 400 seats.

CRDA Chairman Robert Mulcahy celebrated complex Rock’s commitment to Atlantic City by saying, ‘The planned 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 activity 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 year to date (with 2016 Taj revenue subtracted), a renewed sense of enthusiasm has descended on the New Jersey city.

Executives from MGM Resorts and Caesars recently met with Governor Chris Christie (R) to talk about 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 exactly what may happen to the shuttered Revel, now known as TEN. Owner Glenn Straub is refusing to play by the town’s guidelines 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 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 in January, and leaked to AXIOS this week.

DraftKings and FanDuel have not 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 organizations spent an approximated $750 million wanting to out-market one another that year.

Over its four-year presence DraftKings has lost a staggering $688 million, according to the documents, some $98 million of that last year. 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 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 is no secret that neither ongoing company has ever been profitable, or that they have been fighting money movement issues. In the days before their proposed merger was first established, final November, sources who spoke towards the brand New York Post reported that both companies had been months behind with re payments to suppliers.

They were also well behind with the legion of attorneys and lobbyists who were fighting for their interests in multiple 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 staff that is superfluous 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 prevent the deal, pending and administrative trial.

Where Performs This Leave DFS?

Should the merger not to proceed, as is likely, it leaves DraftKings, FanDuel while the DFS industry in a spot that is tight.

DraftKings recently embarked on 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 in the past. In 2015 alone DraftKings managed to improve $300 million, around $150 million of which came from Fox Sports in substitution for an 11 percent stake in the business.

In 2015, everyone wanted a bit of DFS, but with profitability now looking elusive and the industry facing headwinds, that may no longer be the case.

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 famed football celebrity has a hearing July 20 and if granted, the 69-year old is actually a free man by Oct. 1.

O.J. Simpson (seen here back in court in 2013, trying to have a new trial) has served very nearly 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 was sentenced on Oct. 3, 2008 to serve the absolute 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 guys entered the resort room where they had 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 back the souvenirs. The group was arrested fleetingly thereafter and prosecutors began to build case against them.

At the 2008 test, four of this defendants testified against the Hall of Famer. He claimed he did not know there is guns 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 deadly tool.

Ironically, his jail term started 13 years to the date of his exoneration from double homicide charges within the murders of his spouse, Nicole Brown Simpson and her friend, Ron Goldman. The court case, which was televised worldwide, ended up being dubbed, ‘The Trial of the Century.’ His 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 previous parole hearings, one in 2013 and another the year that is following. At the initial hearing, he told the panel, which was located in Carson City, via teleconference that he was remorseful for their crimes.

‘My criminal activity was attempting to retrieve for my property that is own, Simpson said at the function. ‘we would give it all back to these guys. They may have it all straight back if I possibly could get these last five years back.’

The board, which heard their case, granted parole for many of his crimes, but noted he still had four more years until their minimum sentence had been reached, and denied a full release that is conditional.

Model Prisoner

Simpson’s time has been served at Lovelock Correctional Facility, a medium protection state prison in the desert 100 miles northeast of Reno. He is its most famous inmate, but has spent his phrase quietly and is described as being a model prisoner.

This state prison 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 most famous prisoner. (Image: David Crane/Los Angeles Everyday News.)

That will most 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. His age additionally works in his favor, as do the good reports on 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 the two victims, died in 2015 as well as 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 initial approval from the Kentucky Horse Racing Commission to build a gambling parlor at Trackside, a shut racetrack facility that was previously used as a training facility.

Churchill Downs is investing in historical racing 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 finished, the gaming center shall house up to 650 machines that take wagers on previously run horse races.

Positioned five miles east of the Churchill that is famed Downs, house of the Kentucky Derby, initial leg for the famed Triple Crown, Trackside will provide area residents and site visitors with year-round parimutuel wagering.

The business states it has no plans 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 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 Races

Historical racing, often referred to 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 associated with track, horses, and jockeys are not revealed, but a ‘skill graph’ displaying information from that day’s actual racing form is.

Bettors pick three horses to win, put second, and show third. The race is run, and payouts are in line with the parimutuel that is traditional, with the player’s wager divvied up into several pools such as choosing the winner, or to win, place, or show.

Instant racing resembles slots due to a feature enabling the machine to automatically select the horses on the gamer’s behalf based on the actual odds that are pre-race. Thus giving the gambler the greatest horses per chances, but additionally the cheapest payouts.

Historical race machines also look just like slots due to the different ways to win, maybe not unlike the many reel combinations found on the electronics today.

The Churchill Downs Trackside video gaming facility will be 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 state that is conservative with 63 % 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 casinos that are tribal Kentucky, and slots and dining table games remain outlawed. That’s why some are calling into question the legality of historical horse racing devices.

This week’s authorization through 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 beaten by a single vote in hawaii Senate.

Legionnaires’ condition 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 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 disease that contaminates the lungs and frequently is sold with signs resembling pneumonia. Though most healthy adults won’t develop severe disease from the condition, as the body is normally able to rid the bacteria, those with preexisting conditions are vunerable to more grave consequences.

In April, health officials detected Legionnaires’ condition 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 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 found in the home’s many test that is recent.

Overstaying its welcome, ‘abnormal’ quantities of legionella ended up being found, the Bureau said. The federal health agency don’t expose where the bacterial was spotted, plus the resort remains open for business.

Global Outbreak

Macau isn’t the only gambling city battling Legionnaires’. In Las Vegas, the Rio has been into the procedure of cleaning its water system after two guests whom stayed separately at the all-suites property fell ill to your condition.

Currently hosting the global World Series of Poker (WSOP), the Rio claims it’s working closely utilizing the Southern Nevada Health District and ‘taking aggressive remediation actions to guarantee the safety’ of its water.

No deaths are reported in either Macau or Las vegas, nevada from Legionnaires’ illness, though one of the men in Asia reportedly stays in critical condition. In new york, nevertheless, the illness has had the life span of an man that is elderly was currently fighting significant wellness problems.

The New york wellness Department states six other people have already been sickened by Legionnaires’, with four patients still in a healthcare facility.

Legionnaires’ is a bacterium commonly present in rivers and lakes. When it travels into water and cooling systems, it may grow and infect people. Large structures like resorts tend to be more vulnerable to your disease for their complex and vast air flow and cooling systems.

Signs and 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 just one of the 74 events, the detection of Legionnaires’ disease presents concerns that are few healthy adults.

The Caesars property is hoping to improve on 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 entering 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 days.

The $1,500 Millionaire Maker event 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 percent, respectively.

 

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