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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

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

Hard 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 deal cost selloff meant the Hard Rock was acquiring a Boardwalk property for pennies on the buck, as former casino developer turned US President Donald Trump built the resort for $1.2 billion in 1990.

But upon closer inspection, tough Rock officials say it is going to cost a pretty penny to refresh the 2,010-room resort and gaming area, and rid it of an India-themed décor.

‘The amount of money we’re going to have to invest 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 refers to would be the spire and crowns that are onion-shaped ornaments found round the Trump Taj Mahal.

Hard Rock Ups Ante

Although 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 executives state the initial budget of $350 million defintely won’t be nearly enough to trnsform the area into a suitable rough Rock Hotel & Casino. Allen estimated that the project’s cost will increase to at least $500 million.

‘It does us no good to put some guitars on the wall and carpets that are new and state, ‘I can just take five or ten percent for the company from Resorts or Harrah’s,” Allen said.

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 a dark gaming flooring and outdated eating areas left the casino feeling musty and unclean.

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

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

State of the Union

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

Previous owner Icahn slashed advantages and pay that is flatlined he purchased the Taj Mahal out of bankruptcy in February of 2016. The union ultimately proceeded an attack, but the billionaire don’t fold to their demands. The standoff led to Icahn closing, and afterwards selling, the home once dubbed the ‘eighth wonder associated with the global world.’

Allen claims he’ll assist Local 54 on a labor contract that is new.

‘There’s going become 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 hand that is upper determining where its summer and cold temperatures games will be contested. That’s since the sporting that is international 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 their storied Olympics profession inside the Aquatics Center in Rio de Janeiro. Built for the 2016 Summer Games at a cost 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 likelihood of a nation striking it rich from hosting the summer that is quadrennial wintertime 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 exactly what it got in return for its investment that is sizable is cluster of abandoned stadiums and venues that are expected to cost the country huge amount of money in maintenance every year.

Two for the stadiums constructed for the 2016 games were earmarked for future use. One was to be renovated into a school, but remains boarded up today. Another, some other stadium that hosted rugby and also the modern pentathlon, was scheduled become transformed as a park that is public. Additionally remains vacant, and from the Olympics is still littered through the entire 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, British sportsbooks took in over $100 million in bets. Four years earlier in Beijing, the same oddsmakers created 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 today in an effort to locate new forms of tax revenue. Las Vegas Sands billionaire Sheldon Adelson is as soon as such mogul who is reportedly interested in building in Rio should the market become liberalized.

Japan defintely won’t be making the mistakes that are same Brazil. Its National Diet passed an integral 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 complete 21 dukes casino free spins catastrophe, it was certainly a scandal-riddled two days in South America. Inadequately built venues and athlete housing, sanitary issues, issues over crime, 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 the 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 what it requires to host the Olympics. With costs modified for inflation, from 1960 through Sochi in 2014, the normal cost ended up being $5.2 billion for the Summer Games, and $2 billion for the Winter Games.

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

Las Las Vegas might be considered as Sin City, but that doesn’t mean the accepted place is awash in booze 24/7. Well, actually, maybe it really is. However when it comes to determining the drunkest cities in America, Las vegas, nevada hasn’t got a thing on Midwestern metropolises such as for instance 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 the drunkest places on the map. (Image:

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

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

Las vegas, nevada don’t even crack the most effective 20. Therefore just what gives? Scroll through the list, and you notice some patterns. Most of the towns at the top are within the Midwest, a great deal come in college towns, and just about all were in places that are super-cold for longer than half the season.

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

What Doesn’t Happen in Vegas …

For starters, unlike many towns in the list, Las Vegas isn’t much of a college town, at least perhaps not of the sort where tailgating has made Saturday morning binge drinking a community affair. The number of large state school cities that made the list can invariably rely on a crop that is new of moving to city, ready to come 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 may be able just merge with the crowds at casinos and nightclubs within stumbling distance (or maybe merely a cheap Uber trip) from home.

Similarly, casinos may have 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 those who aren’t necessarily high rollers.

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

Boozer’s Methodology

The methodology in this study used self-reported information from the departments of health and human solutions in 381 metropolitan areas to find out the prevalence of excessive ingesting, which correlated with final amount of bars and a share of automobile fatalities where alcohol was involved.

The study that is same compiled an inventory of the ‘driest’ metropolitan areas in the usa. Another spoiler: Provo, Utah, had been number 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 world’s premiere party destination, nevada was nowhere close to making that list.

Another study that is recent of Cities in America’ by The Daily Beast used slightly different metrics, and still Las vegas, nevada couldn’t break 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 vegas as destination 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

For the third straight year, the NBA Finals odds in Las Vegas favor the Golden State Warriors to win the Larry O’Brien Trophy over the Cleveland Cavaliers. But if history tells us anything, it’s that the rubber match series is such a thing but a formality.

LeBron James’ defending champs would be the 2017 underdogs according towards the NBA Finals odds, but that was also the case a year ago. (Image: Garrett Ellwood/Getty Photos)

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

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

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

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

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

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

It’s the matchup every basketball fan away from Bay Area and Ohio wanted to see. That includes oddsmakers, which stand 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 going back home from his four-year stint in Miami where he won their first two titles. They matched once again final June, and after a record-setting regular season from 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 consider get revenge. Last autumn, Green said need the 2 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 regarding the league is also at stake. Can it stay LeBron’s, or perhaps is it time to hand over the reins to Curry and Durant?

James Praises Warriors

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

James, that is going to his 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. Plus they’ve added an unbelievable player in Kevin Durant so it makes it even more challenging.’

Ohio Casino Employees Will be Able to soon Gamble In-State

Ohio casinos are about to gain a large number of brand new prospective players, because of the those who work for them.

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

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

The current legislation, which went into effect soon after Ohio voted to legalize casinos on 2010, causes it to be a first-degree misdemeanor for workers to gamble at any casino in the Buckeye State.

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

During the time, the stated function ended up being to prevent corruption and collusion, while assuring the public that Ohio gambling enterprises would never cheat them.

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

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

All Work and No Play?

Ohio casinos employ significantly more than 9,000 people. That is clearly a lot of potential customers who presumably have an interest in gambling forced traveling to Michigan, Indiana, or Pennsylvania for the place that is nearest to play.

Existing law doesn’t impact employees 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 days in jail and a $1,000 fine. Repeat offenses can lead to felony eventually charges. But this has not been a presssing 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 case of employees from different 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 controls that are internal to each casino operator, it would be difficult to even attempt.’

In-State’s Rights

Schuler said in a declaration that the law that is new ‘bring Ohio into positioning with neighboring jurisdictions where such an approach has proven reasonable and still maintains the integrity of casino 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 an individual’s place of employment.

In New Jersey, state regulators lifted a ban on workers’ gambling in-state at establishments other than their own host to business in the first 1990s.

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