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Cleveland’s Horseshoe Casino Gets Spanked, While Revel Almost Goes Broke

Cleveland’s Horseshoe Casino Gets Spanked, While Revel Almost Goes Broke

Don’t mess aided by the Ohio Casino Control Act, the Ohio Administrative Code, or the Casino Internal Controls into the ‘Birthplace of Aviation’ state; they are watching you, and watching you closely. Therefore the swank Horseshoe Casino in Cleveland is finding out, after being hit for a second time in 2010 with fines for not doing things the kosher way.

The first fine followed a slot machine being released in to the casino with unapproved software; that was only a $15,000 hit, which to a casino, will be like a cop giving you a ticket for the penny. But now, the pricing is increasing, after multiple additional and violations that are random reported, now the slap has moved to a spank with a total of $180,000.

Various Violations

Among the odd melange of wrongdoings were utilizing dice from unapproved vendors in Fortune Pai Gow poker; encouraging cocktail waitresses to come into restricted game pit areas; removing, storing and shipping three slot machines using their software (no indication of to whom or why this is wrong); and…drum roll, please…the worst sin a casino can perpetrate: neglecting to include the hotline contact number on their ‘When the Fun Stops’ issue gambling ads. Whoops.

Senior V.P. Not Overly Concerned

The Horseshoe’s Senior V.P. and manager that is general Marcus Glover, wasn’t incredibly apologetic about any of it, simply saying that ‘[we] have taken actions to handle the problems and embarked on significant training for personnel.’ With a 6.7% rise in the casino’s gross revenues between January and February (to $22 million), Glover’s probably not too concerned about their work, regardless.


Meanwhile, over at the revel that is battered Atlantic City, new CEO Jeffrey Hartmann, who was simply brought in to clean up the financial mess (and perhaps not a moment too early, it would appear), has wasted no time doing what the President can’t: cutting costs. He’s been through his payroll, and determined that at least 83 of 3,300 employees are doing the same important job as someone else, and require to go. That is only going to save him 2.5% of their payroll, though, and Hartmann says that’s it for the present time, as he faces the other side of the coin and figures out just how to wind up revenues at AC’s newest and least lucrative casino.

Barely Saved from Bankruptcy

According to papers filed at bankruptcy court in March, Revel was days far from literally running away from money, if you can believe that could occur to a casino. Apparently a judge’s approval of the funding that is temporary for $250 million saved the day, and kept it from shutting down and going regarding the auction block. Word is, it mightn’t have fetched much, by casino requirements anyway; somewhere within $246 and $331 million is all that has been projected for a feasible purchase cost.

Now Hartmann is incorporating a new nightclub that is fancy a lure to younger customers, presumably, and closing down some non-performing ‘celebrity chef’ restaurants in favor of reduced class, but higher revenue-producing, eateries. And while a percentage of this casino has recently reverted to smoker-friendly, they now can be looking at lifting the ban totally; apparently, gamblers whom smoke have more money or something like that like that. We’ll have to puff on that one for the while that is little understand it.

Replica New York City Park Coming to MGM Resorts Las Vegas, Nevada

Las Vegas is the epicenter of all of the things replicated: the Statue of Liberty..the Eiffel Tower…pyramids and palaces…so why not include a replica nyc City park to the mix? We understand you’re laughing right now, thinking, a park? In Las Vegas? the desert where it hits 110 pretty consistently from July through September? Yes, a park. Get over it.

Naturally, you’d assume this is likely to be a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the guts for the area. Well, you would certainly be wrong; MGM CEO Jim Murren states the new $100 million park and general public promenade task, which goes up outside its New York-New York and Monte Carlo properties, will be based on Madison Square Park. You’ve heard of Madison Square Park, right? No? We have not either. Oh well.

New Era in Casino Customer Retention

Tends that the old days when gambling enterprises attempted to keep you from once you understand just what hour, time or year it was are over; Murren says that ‘tomorrow’s customer does not want that limitation. They’re much more spontaneous.’ Okay.

Murren added that the likeness to the NY park is significantly metaphoric; ‘We’re not going to relax and play Frisbee on the Great Lawn, but i’d explain it as a city park by having a boulevard that is dramatic’ he said.

Just Like New York…Sorta

The park, which will extend down Las Vegas Boulevard (the Strip) around Tropicana Avenue, will lead customers towards a 20,000-seat arena that is also on the drawing board to increase between the two MGM casinos. Between your two bits of construction, MGM will be using 10 acres to generate this ode to city life that is outdoor. Contributing to its inauthentic authenticity will be things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of course), a beer garden (something that strikes us as more Berlin-y than New York-y), and different casual ny eateries, because there’s nothing Vegas tourists prefer to do more than pay three times the rate that is going a Reuben sandwich. Construction is expected to be completed by belated 2014.

Now, if they really want to recapture New York, they should drop to Fremont Street and import some homeless people and drug addicts and scatter them hither and yon. And they positively need some guys attempting to sell knock-off Chanel purses from the back of a truck.

Texas Gaming Reexamined; Trump Plaza Deal on Hold

Texas lawmakers whom for years have rejected measures aimed at legalizing slots and enabling full-scale casinos to be built in the state for which poker’s most famous game is named may finally have to budge, after having a study by the Texas Association of Business (TAB) showed that expanding legalized Texas gaming into the Lone Star State could generate an extra $11.8 billion in revenues yearly.

It’s all instead ironic in hawaii that probably hosts more roller that is high games than you can shake a stick at. Or, perhaps that’s the problem; they do not desire the competition. We hear a complete lot of those games are pretty lucrative for the ‘hosts’.

Gambling enterprises Could be Allowed

In the event that bill that is new it through a Texas Senate committee hearing, it would allow for slot devices become set up in 13 state racetracks, in addition to the creation of six full-scale casinos: three with Indian tribes, and three more in Dallas, Houston and San Antonio. But even with the study that is big-ticket it’s not a done deal; many previous gaming measures happen shot down.

But the TAB will not decrease without having a fight.

‘For a long time, Texas has propped up neighboring economies during the cost of our very own; exporting jobs, revenue and investment as one of only 10 states that prohibits casino-style gaming,’ said Bill Hammond, TAB’s president. Hammond says his group’s study demonstrates that building the six gambling enterprises could produce 74,000 jobs, include $3.4 billion in income, and generate that $11.8 billion in yearly economic task.

Where’s Trump’s Home Loan?

Meanwhile, back in Atlantic City, the California company that was preparing to buy Trump Plaza for 1/10th what Trump originally built it for 30 years back, now says it is delaying the deal while Trump Entertainment scrambles to get a release of its mortgage that’s being held by its senior secured lender.

Meruelo Group is in negotiations to purchase Trump Plaza since February, and offered $20 million, which is bargain basement casino pricing by any criteria, with the promise to pay about another $100 million on much-needed upgrades to the casino-hotel that is now-dated. The deal had been the latest to indicate how badly Atlantic City is doing in the gaming division; Resorts Atlantic City as well as the Trump Marina have also gone for next to nothing in recent years.

Deal’s Still On

Meruelo Group, which owns the Grand Sierra in Reno, Nevada, is not throwing within the towel yet regarding the deal, however. The company said in a statement that is recent it’s ‘heartened’ to observe that Trump Entertainment offers an option to them to shop for the Plaza later on into the year if Trump can get things squared up with their current lender. Meruelo says it remains ‘fully committed’ to the deal, and (for reasons just they understand), looks forward to becoming area of the (endlessly failing) Atlantic City casino community.

New Poker Flick ‘Runner Runner’ Timed for Pre-WSOP Final Table Release

You can’t just make a movie anymore; you have to connect it in with some greater event to milk most of the promotion you possibly can from this. With that concept in mind, the article writers of the poker classic Rounders have teamed up again for the screenplay of the new poker film called Runner, Runner, which will display the trials and tribulations of several Costa-Rica-based on-line poker sites, along with function megastars Ben Affleck and Justin Timberlake. And to get the absolute most bang for their buck, the film’s producers are cleverly planning a release date of September 27, simply in time to construct up lots of buzz before the ‘November Nine’ of World Series of Poker’s final Main Event table hit ESPN and somebody walks away having a cool $8 or $9 million.

An additional bonus, if all the stars align, are going to be if Nevada’s online poker business happens to be kicked off at that time.

Plot Overview

The film’s title, of course, means what happens when the final two community cards in https://casinopokies777.com/royalvegas-casino/ the table in Texas Hold’em known as either the ‘turn and river’ or ‘fourth and streets that are fifth’ either make or break your hand, which sort of amounts up the glory and agony of poker in one single frequently used player expression. Timberlake apparently plays a college brainiac who pays their Ivy League tuition by grinding poker that is online games for a Costa-Rican site, while Affleck, we gather, plays the ubiquitous Russian mobster who owns stated site. Affleck appears about as much like any Russian mobster we’ve ever regarded as Timberlake looks like a black guy in the hood, but this is Hollywood and hot guys with bankrollable names draw investors, so we won’t quibble with this minor detail excessively.

On the Set

Although it’s designed to happen in Costa Rica, Runner Runner was actually filmed in Puerto Rico, and makes generous and good use of current online poker history, with sources to Black Friday, recently indicted ‘poker princess’ Molly Bloom (whom ran a number of the high-stakes games of which the film’s producer, Leonardo DiCaprio, had been reportedly a frequent host, and of which Affleck was said to be a frequent player). In a odd ‘life imitates art’ twist, Bloom’s recent indictment was component of the much larger Department of Justice roundup of some 34 Russian mobsters with, whaddya understand, some pretty extensive online that is big-time gambling.

‘Twill be interesting to see just how Runner Runner plays with the masses, now that Black Friday is largely wrapped up; with Ray Bitar’s present $40 million cash and asset forfeiture, all the while as he awaits a much-needed heart transplant.


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