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

Don’t mess because of the Ohio Casino Control Act, the Ohio Administrative Code, or the Casino Internal Controls in 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 in to the casino with unapproved pc software; which was only a $15,000 hit, which up to a casino, would be just like a cop giving you a ticket for the penny. But now, the price is increasing, after numerous additional and random violations were 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 into restricted game pit areas; removing, storing and shipping three slot machines along with their software (no indication of to whom or why this is wrong); and…drum roll, please…the worst sin a casino can perpetrate: failing to include the hotline contact number on their ‘When the Fun Stops’ issue gambling advertisements. Whoops.

Senior V.P. Not Extremely Concerned

The Horseshoe’s Senior V.P. and basic supervisor, Marcus Glover, was not exceptionally apologetic about any of it, simply saying that ‘[we] have taken steps to handle the issues 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.


Meanwhile, over at the battered enjoy Atlantic City, new CEO Jeffrey Hartmann, who had been brought in to clean up the financial mess (and perhaps not a moment too quickly, 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 least 83 of 3,300 employees are doing the same job that is essential someone else, and need 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 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 times far from literally running out of money, if you can think that could happen to a casino. Apparently a judge’s approval of the temporary capital plan for $250 million saved the time, and kept it from shutting down and going in the auction block. Word is, it couldn’t have fetched much, by casino standards anyway; somewhere within $246 and $331 million is all that has been projected for a purchase price that is possible.

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. Even though a percentage of the casino has recently reverted to smoker-friendly, they now could be considering lifting the ban totally; apparently, gamblers whom smoke have more something or money like that. We are going to have to puff on that one for a while that is little understand it.

Replica New York City Park Coming to MGM Resorts Las Vegas

Las Vegas could be the epicenter of most things replicated: the Statue of Liberty..the Eiffel Tower…pyramids and palaces…so why not include a replica ny 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 through September july? Yes, a park. Get over it.

Naturally, you’d assume this really is planning to be considered a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the center of this area. Well, you’d be wrong; MGM CEO Jim Murren states the newest $100 million park and public promenade project, which will go 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

Looks that the old days when gambling enterprises attempted to help keep you from knowing just what hour, day or year it was are over; Murren says that ‘tomorrow’s customer doesn’t want that limitation. They truly are far more spontaneous.’ Okay.

Murren included 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 explain it as a city park by having a boulevard that is dramatic’ he stated.

Similar to 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. Involving the two bits of construction, MGM will be using 10 acres generate this ode to city life that is outdoor. Adding to its inauthentic authenticity are going to be things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of course), a beer yard (a thing that strikes us as more Berlin-y than New York-y), as well as other casual New York eateries, because there’s nothing Vegas tourists want to do more than pay three times the rate that is going a Reuben sandwich. Construction is anticipated become completed by belated 2014.

Now, if they really would like to capture ny, they should decrease to Fremont Street and import some homeless individuals and drug addicts and scatter them hither and yon. And additionally they certainly need some guys selling knock-off Chanel purses from the relative back of a vehicle.

Texas Gaming Reexamined; Trump Plaza Deal on Hold

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

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

Gambling enterprises Would be Allowed

If the bill that is new it through a Texas Senate committee hearing, it would allow for slot devices become set up in 13 state racetracks, also 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’s not a done deal; many past gaming measures were shot down.

Nevertheless the TAB won’t go down without having a fight.

‘For too long, Texas has propped up neighboring economies at the expense of our own; exporting jobs, revenue and investment as 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 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 financial activity.

Where’s Trump’s Mortgage?

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

Meruelo Group was in negotiations to purchase Trump Plaza since February, and offered $20 million, which is bargain basement casino prices by any standards, with the promise to invest about another $100 million on much-needed upgrades to the casino-hotel that is now-dated. The offer ended up being the latest to indicate how badly Atlantic City is doing in the gaming department; Resorts Atlantic City while 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 business said in a recent statement that it’s ‘heartened’ to observe that Trump Entertainment offers an option in their mind purchasing the Plaza later in 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’t just make a movie anymore; you have to connect it in with some greater event to milk most of the publicity you possibly can from this. The writers of the poker classic Rounders have teamed up again for the screenplay of a new poker film called Runner, Runner, which will showcase the trials and tribulations of several Costa-Rica-based online poker sites, as well as feature megastars Ben Affleck and Justin Timberlake with that concept in mind. And to get the absolute bang that is most 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 extra bonus, if all the stars align, are if Nevada’s online poker business happens to be kicked off by then.

Plot Summary

The film’s title, of course, means what happens whenever final two community cards on the dining table in Texas Hold’em referred to as either the ‘turn and river’ or ‘fourth and 5th roads,’ either make or break your hand, which type of amounts up the glory and agony of poker in a single often used player expression. Timberlake apparently plays an university brainiac who pays his Ivy League tuition by grinding poker that is online games on a Costa-Rican site, while Affleck, we gather, plays the ubiquitous Russian mobster whom has stated site. Affleck appears about because much like any mobster that is russian’ve ever seen as Timberlake looks like a black guy in the hood, but this is Hollywood and hot dudes with bankrollable names draw investors, so we won’t quibble with this small detail excessively.

On the Set

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

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

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