Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Hard Rock International does not like what it sees within the former Trump Taj Mahal in Atlantic City, which the company purchased in March for $50 million.

Complex Rock Chairman Jim Allen, a previous trump entertainment resorts employee, is now tasked with renovating his previous boss’s grand vision in Atlantic City.

Billionaire Carl Icahn’s bargain cost selloff designed the Hard Rock was acquiring a Boardwalk property for pennies on the dollar, as former casino developer turned US President Donald Trump built the resort for $1.2 billion in 1990.

But upon better examination, complex Rock officials say it is going to cost a penny that is pretty refresh the 2,010-room hotel and gaming area, and rid it of a India-themed décor.

‘The amount of money we’re going to have to spend to remove all those minarets and all that purple, Jesus! Exactly What were we thinking?’ Hard Rock Chairman Jim Allen told the Associated Press this week.

The minarets Allen relates to are the spire and crowns that are onion-shaped ornaments found round the Trump Taj Mahal.

Hard Rock Ups Ante

Though the company owned by the Seminole Tribe in Florida got a spot that is premiere the Atlantic City Boardwalk for a rock-bottom cost, Hard Rock professionals state the initial budget of $350 million defintely won’t be nearly enough to trnsform the room into an effective tough Rock Hotel & Casino. Allen estimated that the project’s expense shall increase to at minimum $500 million.

‘It does us no good to put some guitars regarding the wall and brand new carpets, and state, ‘I am able to take five or 10 % associated with the business from Resorts or Harrah’s,” Allen said.

Anybody who traveled to the Taj Mahal before its October closing understands the work that is serious lies ahead. a gaming that is dark and outdated eating spaces left the casino feeling musty and unclean.

Atlantic City is along the way of locating a new norm in regards to gaming and hospitality income. Five casinos closed since 2014, nevertheless the economy is showing signs of recovery and turning the part to a more successful time.

For the very first quarter of 2017, the remaining casino licensees produced $816.7 million in revenue from their casinos, resort rooms, food and beverage services, and entertainment. That represents an 8.6 % gain in the period that is same year earlier.

State of the Union

Atlantic City officials will welcome the increased gladly investment from Hard Rock, and maybe more importantly, the organization’s revelation that it plans to reestablish the home’s relationship with the Local 54 casino workers union.

Previous owner Icahn slashed advantages and flatlined pay after he purchased the Taj Mahal out of bankruptcy in https://myfreepokies.com/21-dukes-casino/ February of 2016. The union fundamentally continued a strike, but the billionaire didn’t fold to their demands. The standoff led to Icahn closing, and subsequently attempting to sell, the property once dubbed the ‘eighth wonder associated with the global world.’

Allen states he will utilize Local 54 on a labor contract that is new.

‘There’s going to be no dispute with Local 54,’ he said. ‘we are going to place individuals back to work.’

Rio Olympic Infrastructure Left in Economic Chaos, Was It Worth the Gamble?

The Olympics no longer have the upper hand in determining where its summer and winter games will be contested. That’s since the international sporting tournaments have left a path of destruction, both in a financial and infrastructural feeling, in present decades.

It was just nine months ago that Michael Phelps capped down his storied Olympics career inside the Aquatics Center in Rio de Janeiro. Built for the 2016 Summer Games at a high price of $38 million, today it sits deteriorating that is vacant. (Image: Mario Tama/Getty Images)

Cities are finally wising up that the gamble on hosting the Olympics far outweighs the potential reward. The chances of a nation striking it rich from hosting the quadrennial summer or cold temperatures spectacle are about since likely as a casino gambler hitting that progressive slots jackpot.

Just to illustrate: Rio de Janeiro. Brazil’s 2016 Olympics cost tag was over $12 billion, and just what it got in return for its sizable investment is a cluster of abandoned stadiums and venues that are required to cost the country huge amount of money in maintenance every year.

Two associated with stadiums constructed for the 2016 games had been earmarked for future usage. One was to be renovated into a college, but today remains boarded up. Another, some other stadium that hosted rugby plus the modern pentathlon, was scheduled become changed as a park that is public. Additionally remains vacant, and from the Olympics is still littered throughout the venue.

Good for Gambling, Bad for City

One area that does benefit from hosting an Olympics could be the gambling industry. When London welcomed the 2012 Summer Games, UK sportsbooks took in over $100 million in bets. Four years earlier in Beijing, the same oddsmakers produced a handle that barely eclipsed $5 million.

Brazil tried to pass gaming laws prior to its Olympics hosting, but failed. Legalization talks carry on in an effort to find new forms of tax revenue today. Las Vegas Sands billionaire Sheldon Adelson is when such mogul who is reportedly interested in building in Rio should the market become liberalized.

Japan won’t be making the same mistakes as Brazil. Its National Diet passed an integrated resorts bill to end commercial gambling prohibition in December, and the expected two casinos could be ready in time for the 2020 Summer Games in Tokyo.

Few Suitors Remain

While the 2016 Olympics avoided complete catastrophe, it was certainly a scandal-riddled two days in South America. Inadequately built venues and housing that is athlete sanitary dilemmas, concerns over criminal activity, the Zika virus, and more plagued the games.

The International Olympic Committee can cross South America off its list, leaving Africa as the only continent that is inhabitable to host an Olympics. But it will likely stay that means for decades to come due to your ever-growing price surrounding the Games.

Los Angeles and Paris are the two finalists for the 2024 Summer Olympics after Budapest, Rome, and Hamburg all withdrew their bids.

Bottom Line

Oxford University recently compiled data on which it takes to host the Olympics. With costs adjusted for inflation, from 1960 through Sochi in 2014, the price that is average $5.2 billion for the Summer Games, and $2 billion for the Winter Games.

Las Vegas perhaps not Drunk Enough to Make List of Top 20 Booziest Cities

Las Las Vegas could be considered as Sin City, but that doesn’t mean the destination is awash in booze 24/7. Well, actually, maybe it’s. But when it concerns determining the cities that are drunkest America, Las Vegas hasn’t got a thing on Midwestern metropolises such as Dubuque, Iowa, Lincoln, Nebraska, or Milwaukee, Wisconsin.

Regardless of how much this guy can throw back in a night, it will not be enough to declare the whole city of Las Las Vegas one of the drunkest places on the map. (Image: o2ip.com)

A report conducted by financial news web site 24/7 Wall Street looked to determine the 20 drunkest cities in the us based on rates of excessive imbibing rate along with other factors associated to alcohol-fueled ills that are social. Record revealed that while Las Vegas’ reputation as a party city may be well-deserved, it hardly constitutes a health risk that is civic.

The study discovered the greatest drunks weren’t seen stumbling along the Strip or passed away away in a casino lobby. Spoiler alert: in ranking the drunkest cities, the top destination was Green Bay, Wisconsin.

Las Vegas don’t even break the Top 20. Therefore what gives? Scroll through the list, and you notice some patterns. Most of the towns during the top are in the Midwest, a great deal have been in college towns, and virtually all were in places which can be super-cold for longer than half the entire year.

Hawaii of Wisconsin had nine towns and cities on record. Three places in Iowa made the top 20. Minnesota and North Dakota additionally made respectable showings. And even Fairbanks, Alaska, let it be known they have something to offer that Las Vegas does not.

What Doesn’t Happen in Vegas …

For just one, unlike many towns on the list, Las Vegas isn’t much of a college town, at the least perhaps not of this kind where tailgating has made Saturday morning binge drinking a residential district affair. The number of large state school cities that made the list can always depend for a new crop of children moving to city, ready in the future of age not too far from campus.

There’s UNLV, with 28,000 students, but the majority of them are commuters. And even for those who do like to party, it’s different when they are able to simply merge with the crowds at casinos and nightclubs within stumbling distance (or maybe just a cheap Uber trip) from your home.

Similarly, casinos may have a reputation for plying gamblers with free booze, but really that trend is rescinding, as corporate Las Vegas casinos are reducing the breeziness with which they dole out alcohol that is free other comps for people who aren’t necessarily high rollers.

And while tourists arrive at town to party hard, the Las Vegas metro area houses almost 2 million residents, most of whom are maybe not partying 24/7. The next day for every drunken bachelor party on the Strip, there’s a family in the surrounding areas not rocking out, but rather at home getting ready for school.

Boozer’s Methodology

The methodology in this research used data that are self-reported the departments of health insurance and human services in 381 metropolitan areas to find out the prevalence of excessive ingesting, which correlated with final amount of bars and a portion of car fatalities where alcohol was involved.

The study that is same compiled an inventory of the ‘driest’ metropolitan areas in the us. Another spoiler: Provo, Utah, had been quantity one. The home of BYU boasts only 10 bars in town and only 8.5 percent of the adult population experienced in excessive drinking despite being a college town.

Fortunately, for those charged with marketing Las Vegas while the planet’s premiere party destination, Las Vegas was nowhere close to making that list.

Another recent study of ‘Drunkest Cities in America’ by The Daily Beast used slightly different metrics, and still Las Vegas couldn’t split the top 20, coming in at number 21.

If anything, the 24/7 study assessed indicators of problem drinking, not simply number of booze consumed. So even though many may fondly recall Las vegas, nevada as an accepted place where they drank more than they thought humanly possible, as being a city it’s a place that does pretty well holding its liquor.

NBA Finals Odds Prefer Golden State Over Cleveland in Rubber Match Series

The NBA Finals odds in Las Vegas favor the Golden State Warriors to win the Larry O’Brien Trophy over the Cleveland Cavaliers for the third straight year. But if history informs us any such thing, it’s that the plastic match series is anything but a conclusion that is foregone.

LeBron James’ defending champs are the 2017 underdogs according to your NBA Finals odds, but that was also the case an ago year. (Image: Garrett Ellwood/Getty Graphics)

On Thursday night, the Cavs took care of business by beating the Boston Celtics to end the series in five games. They now have a to prepare for the warriors, a team that’s a perfect 12-0 in this year’s playoffs week.

The best-of-seven showdown doesn’t begin until next Thursday, June 1, but Las Vegas sportsbooks are of course already taking bets. The early action has been on the defending champs while the NBA Finals odds favor Golden State.

The series was opened by the Westgate SuperBook prices at Cleveland +220, and Golden State -260. That means a winning $100 bet on the Cavs returns $220, while the bet that is same the Warriors returns just $38.46.

Nevertheless, the odds are tilting in Cleveland’s favor since they certainly were first posted. The moneyline has shrunk the Cavs’ chances to +200, with all the favorite now at -240.

LeBron James, Kyrie Irving, and Kevin Love look to repeat and present Cleveland recreations its second championship that is major as a long time. That follows a drought that is 52-year caused many Ohioans anguish on the decades.

They face Kevin Durant, who was simply added to your already all-star-like Warriors roster final offseason, and mainstays Steph Curry, Klay Thompson, and Draymond Green.

It’s the matchup every basketball fan outside the Bay Area and Ohio wanted to see. That includes oddsmakers, which stay to see heavy gambling on the Finals rivalry.

More Than Rings on the line

The Warriors took the 2015 title, defeating LeBron in his first year after coming back house from their four-year stint in Miami where he won his first couple of titles. They matched once again final June, and after a record-setting regular season from the team out west, and down 3-1 within the series, the Cavs pulled down the unthinkable in finding its way back and upsetting the champs.

Now, it’s Golden State’s seek out get revenge. Final autumn, Green said should the two teams meet again, ‘ I would like to destroy Cleveland. I want to annihilate them.’

Along with deciding which team takes the lead within the NBA that is three-game Finals, analysts believe the identity of the league can also be at stake. Can it remain LeBron’s, or is it time to hand over the reins to Curry and Durant?

James Praises Warriors

Following their Eastern Conference Finals win, LeBron dished out plenty of respect for the ‘juggernaut,’ as he called them, that he faces next.

James, that is going to their seventh straight Finals and passed jordan regarding the all-time playoff scoring list on Thursday, said, ‘They’ve been the best team in our league going back three years. And so they’ve added an unbelievable player in Kevin Durant so it makes it also more difficult.’

Ohio Casino Employees Will Soon Find A Way to Gamble In-State

Ohio casinos are about to gain 1000s of new prospective players, as a result of the those who work for them.

The Ohio Senate voted on Wednesday 32-0 to remove a prohibition on casino employees gambling in any of hawaii’s four casino gaming resorts.

A bill ready become signed into law in Ohio will rescind a prohibition against casino employees gambling in the Buckeye state, and instead is only going to avoid them from playing at the destination they work. (Image: Toledo Blade)

The law that is current which went into effect right after Ohio voted to legalize casinos on 2010, helps it be a first-degree misdemeanor for workers to gamble at any casino into the Buckeye State.

It relates to dealers, wait staff, executives, entertainers, valet parkers, maintenance workers, and simply about someone else who works in or even for the casino.

The stated purpose was to prevent corruption and collusion, while assuring the public that Ohio casinos would never cheat them at the time.

Rep. Bill Seitz (R-Cincinnati) introduced a bill to address the irrelevance of current statute year that is last whenever he had been a state Senator. Term restrictions forced him to leave the Senate, but upon being elected to continue serving in the House, he brought the bill it won approval from the House on a 94-3 vote with him, and by February.

His bill revised language of that statutory law to state casino workers were only forbidden from gambling at their place of business, or any affiliated properties in-state.

All Work and No Enjoy?

Ohio casinos employ a lot more than 9,000 people. That is a lot of potential prospects who presumably are interested in gambling forced traveling to Michigan, Indiana, or Pennsylvania for the place that is nearest to play.

Existing law doesn’t influence employees at the state’s seven ‘racinos,’ an inequity the bill that is new to address.

Prohibited casino worker gambling happens to be a misdemeanor that is first-degree by as much as 180 times in jail and a $1,000 fine. Repeat offenses can lead to felony eventually charges. But this has not been issue, as so far, zero casino operators or workers have been prosecuted.

‘After five years of regulating and enforcing what the law states at Ohio’s casinos, we have not possessed a situation of employees from various casinos working in collusion to cheat,’ Matthew Schuler, executive director of the Ohio Casino Control Commission, testified in February. ‘In fact, given the systems of surveillance, segregated duties, and interior controls unique to each casino operator, it would be difficult to even attempt.’

In-State’s Rights

Schuler said in a statement that the law that is new ‘bring Ohio into alignment with neighboring jurisdictions where such an approach has proven reasonable but still maintains the integrity of casino video gaming.’

Pennsylvania had a prohibition similar to Ohio’s in place when they legalized gambling in 2006. They rescinded the restriction on in-state gambling in 2012, applying it instead just to a person’s place of employment.

In New Jersey, state regulators lifted a ban on workers’ gambling in-state at establishments other than their place that is own of in the early 1990s.