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

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 with all the Ohio Casino Control Act, the Ohio Administrative Code, or the Casino Internal Controls in the ‘Birthplace of Aviation’ state; they are viewing 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 to the casino with unapproved computer software; that has been only a $15,000 hit, which to a casino, will be like a cop giving you a ticket for a penny. But now, the price is rising, after numerous additional and violations that are random reported, and today 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 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 are the hotline phone number on their ‘When the Fun Stops’ problem gambling ads. Whoops.

Senior V.P. Not Overly Concerned

The Horseshoe’s Senior V.P. and manager that is general Marcus Glover, wasn’t excessively apologetic about any of it, simply saying that ‘[we] have taken actions to address the problems 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, brand new CEO Jeffrey Hartmann, who was simply brought in to clean up the financial mess (and perhaps not a moment too soon, it seems), 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 job that is essential someone else, and require to go. That is only going to save him 2.5% of his payroll, though, and Hartmann says that is it for the present time, as he faces the other side of the coin and figures out how to ramp 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 far from literally running out of money, if you can think which could happen to a casino. Apparently a judge’s approval of the temporary money plan for $250 million saved the day, and kept it from shutting down and going in the auction block. Word is, it mightn’t have fetched much, by casino criteria anyhow; somewhere within $246 and $331 million is all which was projected for a possible purchase cost.

Now Hartmann is adding a new nightclub that is fancy a lure to younger customers, presumably, and closing down some non-performing ‘celebrity chef’ restaurants in favor of lower class, but higher revenue-producing, eateries. Even though a percentage of the casino has already reverted to smoker-friendly, they now can be evaluating lifting the ban entirely; apparently, gamblers whom smoke have more money or something like that like that. We will have to puff on that one for a short time to understand it.

Replica New York City Park Coming to MGM Resorts Las Vegas

Las Vegas is the epicenter of all things replicated: the Statue of Liberty..the Eiffel Tower…pyramids and palaces…so why not add a replica New York City park to the mix? We all know 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 is certainly likely to be a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the center associated with the area. Well, you would be wrong; MGM CEO Jim Murren says this new $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 haven’t either. Oh well.

New Era in Casino Customer Retention

Seems that the days that are old casinos tried to keep you from knowing just what hour, day or year it was are over; Murren says that ‘tomorrow’s client doesn’t want that limitation. They truly are more spontaneous.’ Okay.

Murren included that the likeness towards 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 dramatic boulevard royal vegas new zealand,’ 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 gambling enterprises. Involving the two bits of construction, MGM will be using 10 acres generate this ode to city life that is outdoor. Increasing its inauthentic authenticity is things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of program), a beer yard (something 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 like to do more than pay three times the going rate for a Reuben sandwich. Construction is anticipated become completed by belated 2014.

Now, if they really would like to fully capture ny, they should decrease to Fremont Street and import some homeless people and drug addicts and scatter them hither and yon. In addition they absolutely need some guys selling 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 permitting full-scale casinos become 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 in the Lone celebrity State could bring in an extra $11.8 billion in revenues annually.

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

Casinos Will be Granted

In the event that bill that is new it through a Texas Senate committee hearing, it might 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 study that is big-ticket it isn’t a done deal; many previous gaming measures happen shot down.

But the TAB will not drop with no fight.

‘For too long, Texas has propped up neighboring economies during the cost of our personal; exporting jobs, revenue and investment as one of only 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 casinos could produce 74,000 jobs, add $3.4 billion in income, and generate that $11.8 billion in yearly financial activity.

Where’s Trump’s Mortgage?

Meanwhile, back in Atlantic City, the California company that has been preparing 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 get 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 rates by any standards, with the promise to spend about another $100 million on much-needed upgrades to the casino-hotel that is now-dated. The offer was the latest to indicate how badly Atlantic City is doing within the gaming division; Resorts Atlantic City while the Trump Marina have also gone for close to nothing in recent years.

Contract’s Still On

Meruelo Group, which has the Grand Sierra in Reno, Nevada, isn’t throwing into the towel yet in the deal, however. The company said in a statement that is recent it’s ‘heartened’ to note that Trump Entertainment is providing an alternative to them to shop for the Plaza later into the year if Trump can get things squared up with their present lender. Meruelo says it remains ‘fully committed’ to the deal, and (for reasons only 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 event to milk all of the promotion you possibly can from it. 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 obtain the absolute bang that is most for their buck, the movie’s manufacturers are cleverly planning a release date of September 27, just in time to build up lots of buzz before the ‘November Nine’ of World Series of Poker’s last Main Event table hit ESPN and somebody walks away having a cool $8 or $9 million.

An extra bonus, if most of 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, relates to what happens when the last two community cards regarding the table in Texas Hold’em called either the ‘turn and river’ or ‘fourth and streets that are fifth’ either make or break your hand, which kind of amounts up the glory and agony of poker in one single usually used player expression. Timberlake apparently plays a college brainiac who pays his 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 has stated site. Affleck looks about because much like any Russian mobster we’ve ever seen as Timberlake looks like a black man in the hood, but this might be 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 likely to happen in Costa Rica, Runner Runner had been actually filmed in Puerto Rico, and makes generous and good usage of recent online poker history, with references to Black Friday, recently indicted ‘poker princess’ Molly Bloom (who ran a number of the high-stakes games of that your film’s producer, Leonardo DiCaprio, had been apparently a frequent host, and of which Affleck was thought to be a frequent player). In an odd ‘life imitates art’ twist, Bloom’s recent indictment was part of the 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 recent $40 million cash and asset forfeiture, all the while as he awaits a much-needed heart transplant.

Views All Time
Views All Time
11
Views Today
Views Today
1

Written by 

Grant Kelly is a high school senior from Springboro, OH. In addition to Ohio State football, he also covers Dayton Flyer basketball for A10Talk.com and FlyerFaithful.com. You can follow him on Twitter @GrantKelly07

Related posts

Leave a Comment