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 within the ‘Birthplace of Aviation’ state; they are watching you, and watching you closely. This year with fines for not doing things the kosher way so the swank Horseshoe Casino in Cleveland is finding out, after being hit for a second time.

The fine that is first a slot machine being released into the casino with unapproved software; that was merely a $15,000 hit, which up to a casino, will be just like a cop giving you a ticket for a penny. But now, the pricing is rising, 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 using dice from unapproved vendors in Fortune Pai Gow poker; encouraging cocktail waitresses to come right 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 phone number on their ‘When the Fun Stops’ issue gambling adverts. Whoops.

Senior V.P. Not Extremely Concerned

The Horseshoe’s Senior V.P. and basic manager, Marcus Glover, was not exceedingly apologetic about some of it, simply saying that ‘[we] have taken steps to handle the difficulties and embarked on significant training for personnel.’ With a 6.7% rise in the casino’s gross revenues between and February (to $22 million), Glover’s probably not too worried about his job, regardless january.

Revelations

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

Barely Saved from Bankruptcy

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

Now Hartmann is including a new nightclub that is fancy a lure to younger customers, presumably, and closing straight down some non-performing ‘celebrity chef’ restaurants in favor of reduced class, but higher revenue-producing, eateries. And even though a percentage regarding the casino has recently reverted to smoker-friendly, they now are taking a look at lifting the ban entirely; apparently, gamblers whom smoke have more something or money like that. We will have to puff on that one for the short while to understand it.

Replica New York City Park Coming to MGM Resorts Las Vegas

Las Vegas is the epicenter of all of the plain things replicated: the Statue of Liberty..the Eiffel Tower…pyramids and palaces…so why not add 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 considered a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the center of this island. Well, you’d be wrong; MGM CEO Jim Murren claims the new $100 million park and promenade that is public, which goes up outside its brand 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 haven’t either. Oh well.

New Era in Casino Customer Retention

Seems that the days that are old gambling enterprises tried to keep you from once you understand just what hour, day or year it was are over; Murren says that ‘tomorrow’s client doesn’t want that limitation. They’re a lot more spontaneous.’ Okay.

Murren added that the likeness to the NY park is notably metaphoric; ‘We’re not going to relax and play Frisbee on the Great Lawn, but I would personally describe it as a city park by having a boulevard that is dramatic’ he stated.

The same as 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 go up between the two MGM casinos. Between the two bits of construction, MGM will be using 10 acres generate this ode to outdoor city life. Contributing to its inauthentic authenticity will likely be things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of program), an alcohol yard (a thing that strikes us as more Berlin-y than New royal vegas claim bonus York-y), as well as other casual nyc eateries, because there’s nothing Las Vegas tourists want to do more than pay three times the rate that is going a Reuben sandwich. Construction is expected become completed by belated 2014.

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

Texas Gaming Reexamined; Trump Plaza Deal on Hold

Texas lawmakers whom for years have actually rejected measures aimed at legalizing slots and allowing full-scale casinos become built in the state for which poker’s most famous game is named may finally have to budge, after a research by the Texas Association of Business (TAB) showed that expanding legalized Texas gaming in the Lone celebrity State could make one more $11.8 billion in revenues annually.

It’s all instead ironic in the state that probably hosts more high roller home games than you can shake a stick at. Or, perhaps that’s the nagging problem; they don’t want the competition. We hear a complete large amount of those games are pretty lucrative for the ‘hosts’.

Gambling enterprises Will be Granted

If the bill that is new it through a Texas Senate committee hearing, it would enable for slot devices to be 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 also with the big-ticket study, it isn’t a done deal; many previous gaming measures have been shot down.

However the TAB will not drop without a fight.

‘For a long time, Texas has propped up neighboring economies during the cost of our personal; exporting jobs, revenue and investment as certainly one of just 10 states that prohibits gaming that is casino-style’ said Bill Hammond, TAB’s president. Hammond says his group’s study demonstrates building the six casinos could create 74,000 jobs, add $3.4 billion in earnings, and generate that $11.8 billion in yearly activity that is economic.

Where’s Trump’s Home Loan?

Meanwhile, back Atlantic City, the California company that has been preparing to buy Trump Plaza for 1/10th what Trump originally built it for 30 years ago, 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 has been 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 invest about another $100 million on much-needed improvements to the now-dated casino-hotel. The offer had been the latest to indicate how badly Atlantic City is doing into the gaming division; Resorts Atlantic City plus the Trump Marina have also gone for close to nothing in recent years.

Contract’s Still On

Meruelo Group, which owns the Grand Sierra in Reno, Nevada, is not throwing in the towel yet regarding the deal, however. The company said in a recent statement that it’s ‘heartened’ to see that Trump Entertainment is offering an option to them to purchase the Plaza later within 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), appears forward to part that is becoming of (endlessly failing) Atlantic City casino community.

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

You can not just make a movie anymore; you need to connect it in with some greater occasion to milk all the publicity you perhaps 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 internet poker sites, as well as feature megastars Ben Affleck and Justin Timberlake. And getting the absolute many bang for their buck, the movie’s manufacturers are cleverly arranging a release date of September 27, just in time to create up lots of buzz ahead of the ‘November Nine’ of World Series of Poker’s final Main Event table hit ESPN and somebody walks away by having a cool $8 or $9 million.

An added bonus, if all the stars align, will be if Nevada’s online poker business happens to be kicked off at the same time.

Plot Summary

The movie’s title, of course, describes what happens whenever last two community cards regarding the dining table in Texas Hold’em called either the ‘turn and river’ or ‘fourth and 5th streets,’ either make or break your hand, which type of sums up the glory and agony of poker in a single usually used player expression. Timberlake apparently plays a college brainiac who pays his Ivy League tuition by grinding online poker cash games on a Costa-Rican site, while Affleck, we gather, plays the ubiquitous Russian mobster who has said site. Affleck looks about because much like any mobster that is russian’ve ever seen as Timberlake looks like a black man in the hood, but this really is Hollywood and hot dudes with bankrollable names draw investors, so we won’t quibble using this minor detail too much.

On the Set

Although it’s expected to occur in Costa Rica, Runner Runner had been actually filmed in Puerto Rico, and makes generous and good use of current online poker history, with recommendations to Ebony Friday, recently indicted ‘poker princess’ Molly Bloom (who ran some of the high-stakes games of that the film’s producer, Leonardo DiCaprio, had been reportedly a frequent host, and of which Affleck had been said to be a frequent player). Within an odd ‘life imitates art’ twist, Bloom’s recent indictment was part of a 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 using the masses, now that Black Friday is mainly wrapped up; with Ray Bitar’s current $40 million cash and asset forfeiture, all the while as he awaits a heart transplant that is much-needed.