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Giuseppe Mastroianni

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

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

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

Tricky Rock Chairman Jim Allen, A trump that is former entertainment employee, is now tasked with renovating his previous boss’s grand vision in Atlantic City.

Billionaire Carl Icahn’s discount cost selloff implied the intense 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 inspection, intense Rock officials say it is going to cost a penny that is pretty refresh the 2,010-room resort and gaming room, and rid it of a India-themed décor.

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

The minarets Allen refers to would be the spire and crowns that are onion-shaped ornaments discovered across 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 price, Hard Rock professionals state the initial budget of $350 million won’t be nearly enough to trnsform the space into a suitable tough Rock Hotel & Casino. Allen estimated that the project’s expense shall increase to at least $500 million.

‘It does us no good to place some guitars in the wall and brand new carpets, and state, ‘I am able to just take five or 10 % of this company from Resorts or Harrah’s,” Allen stated.

Anyone 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 a gaming that is dark and outdated consuming areas left the casino feeling musty and unclean.

Atlantic City is in the act of locating a norm that is new terms of gaming and hospitality income. Five gambling enterprises closed since 2014, nevertheless the economy is showing signs of recovery and turning the corner to an even more prosperous time.

For the very first quarter of 2017, the casino that is remaining created $816.7 million in revenue from their casinos, rooms in hotels, food and beverage services, and entertainment. That represents an 8.6 per cent gain on the same duration a year earlier.

State of the Union

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

Previous owner Icahn slashed advantages and flatlined pay after he purchased the Taj Mahal out of bankruptcy in February of 2016. The union ultimately continued a hit, but the billionaire didn’t fold for their demands. The standoff led to Icahn closing, and afterwards offering, the house once dubbed the ‘eighth wonder associated with the global world.’

Allen says he will assist neighborhood 54 on a labor contract that is new.

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

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

The Olympics no longer have the upper turn in determining where its summer and wintertime games will be contested. That’s since the international sporting competitions have left a course of destruction, both in a financial and infrastructural sense, in recent decades.

It was just nine months ago that Michael Phelps capped off his storied Olympics job within the Aquatics Center in Rio de Janeiro. Built for the 2016 Summer Games at a cost of $38 million, now 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 reward that is potential. The odds of a nation striking it rich from hosting the quadrennial summer or cold weather spectacle are about since likely as a casino gambler hitting that progressive slots jackpot.

Case in point: Rio de Janeiro. Brazil’s 2016 Olympics cost tag was over $12 billion, and exactly what it got in return for its investment that is sizable is cluster of abandoned stadiums and venues that are required to cost the country vast amounts in maintenance each year.

Two for the stadiums constructed for the 2016 games were earmarked for future usage. One was to be renovated into a school, but today remains boarded up. Another, an outside stadium that hosted rugby and the modern pentathlon, was scheduled to be transformed in to a public park. It also stays vacant, and from the Olympics is still littered through the entire venue.

Good for Gambling, Detrimental To City

One area that does benefit from hosting an Olympics is 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 oddsmakers that are same a handle that barely eclipsed $5 million.

Brazil tried to pass video 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 mistakes that are same Brazil. Its National Diet passed a built-in resorts bill to end commercial gambling prohibition in December, and the expected two gambling enterprises could be ready in time for the 2020 Summer Games in Tokyo.

Few Suitors Remain

While the 2016 Olympics avoided catastrophe that is complete it was certainly a scandal-riddled two days in Southern America. Inadequately built venues and housing that is athlete sanitary issues, issues 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 in the future 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 requires to host the Olympics. With costs adjusted for inflation, from 1960 through Sochi in 2014, the normal price ended up being $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 Vegas might be looked at as Sin City, but that doesn’t mean the place is awash in booze 24/7. Well, actually, maybe its. Nevertheless when it concerns determining the drunkest cities in 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 an evening, it will not be enough to declare the whole city of Las Vegas one of many drunkest places on the map. (Image:

A study carried out by financial news internet site 24/7 Wall Street looked to spot the 20 drunkest cities in the usa based on rates of excessive imbibing rate as well as other factors related to alcohol-fueled ills that are social. Record revealed that while Las Vegas’ reputation as a party city may be well-deserved, it scarcely constitutes a civic health risk.

The study discovered the biggest drunks weren’t seen stumbling across the Strip or passed away in a casino lobby. Spoiler alert: in ranking the cities that are drunkest the number one destination was Green Bay, Wisconsin.

Las Vegas don’t crack the Top even 20. So just what gives? Scroll through the list, and you notice some patterns. Nearly all of the towns at the top are in the Midwest, a whole lot are in college towns, and just about all were in places which can be super-cold for longer than half the year.

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

Just What Doesn’t Take Place in Vegas …

For starters, unlike many towns in the list, Las Vegas isn’t much of a college town, at the very least not regarding the type where tailgating has made morning binge drinking a community affair saturday. The number of large state school cities that made the list can always count for a crop that is new of moving to city, ready in the future of age not too far from campus.

There’s UNLV, with 28,000 pupils, but nearly all of them are commuters. And even for those who do like to party, it’s not similar when they may be able simply blend in with the crowds at casinos and nightclubs within stumbling distance (or maybe merely a cheap ride that is uber from your home.

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

And while tourists arrive at town to party hard, the Las Vegas metro area is home to nearly 2 million residents, most of whom are 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 determine the prevalence of excessive ingesting, which correlated with final number of bars and a portion of auto fatalities where alcohol was involved.

The same study additionally compiled an inventory of the ‘driest’ cities in the us. Another spoiler: Provo, Utah, was number one. Despite being a college town, the home of BYU boasts only 10 bars in town and just 8.5 % for the adult population experienced in extortionate drinking.

Fortunately, for those charged with advertising vegas because the world’s premiere party destination, vegas was nowhere near to making that list.

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

If anything, the 24/7 study evaluated indicators of problem drinking, not simply level of booze consumed. So even though many may fondly recall Las Vegas as place where they drank more than they thought humanly possible, as being a city it’s a place that does pretty much keeping 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 such a thing, it’s that the plastic match series is any such thing 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 situation an ago year. (Image: Garrett Ellwood/Getty Pictures)

The Cavs took care of business by beating the Boston Celtics to end the series in five games on Thursday night rich casino 21 dukes. 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 does not begin until next Thursday, June 1, but Las Vegas sportsbooks are needless to say bets that are already taking. 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. Which means a winning $100 bet on the Cavs returns $220, while the bet that is same the Warriors returns just $38.46.

Nonetheless, chances are tilting in Cleveland’s favor since these people were first posted. The moneyline has shrunk the Cavs’ chances to +200, using the favorite now at -240.

LeBron James, Kyrie Irving, and Kevin Love look to repeat and give Cleveland sports its second major championship in as several years. That follows a 52-year drought that caused so many Ohioans anguish on the decades.

They face Kevin Durant, who was simply added to your already all-star-like Warriors roster last 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 at Stake

The Warriors took the 2015 title, defeating LeBron in his first year after returning house from their four-year stint in Miami where he won his first two titles. They matched once more last June, and after a record-setting season that is regular the team out west, and down 3-1 in the series, the Cavs pulled off the unthinkable in coming back and upsetting the champs.

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

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

James Praises Warriors

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

James, that is going to his seventh right Finals and passed jordan in the all-time playoff scoring list on Thursday, said, ‘They’ve been the most readily useful team in our league for the past three years. Plus they’ve added an unbelievable player in Kevin Durant so it makes it even more challenging.’

Ohio Casino Employees Will Soon Manage to Gamble In-State

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

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

A bill ready to be signed into legislation 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 place they work. (Image: Toledo Blade)

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

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

At that time, the stated purpose had been to prevent corruption and collusion, while assuring the public that Ohio casinos would never cheat them.

Rep. Bill Seitz (R-Cincinnati) introduced a bill to handle the irrelevance of current statute year that is last when he was a state Senator. Term limitations forced him to go out of the Senate, but upon being elected to continue serving in the home, he brought the bill with him, and by February it won approval from your house on a 94-3 vote.

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

All Work and No Enjoy?

Ohio casinos employ more than 9,000 people. That’s a lot of potential prospects who presumably don’t mind spending time in gambling forced traveling to Michigan, Indiana, or Pennsylvania for the nearest place to play.

Existing law doesn’t affect workers at the state’s seven ‘racinos,’ an inequity the new bill desired to address.

Prohibited casino employee gambling is currently a first-degree misdemeanor punishable by up to 180 times in jail and a $1,000 fine. Repeat offenses can eventually lead to felony charges. But this has not been a presssing problem, 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 case 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 internal 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 gaming.’

Pennsylvania had a prohibition similar to Ohio’s in place whenever they legalized gambling in 2006. They rescinded the restriction on in-state gambling in 2012, using it instead just to one’s job.

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

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