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 using the Ohio Casino Control Act, the Ohio Administrative Code, or the Casino Internal Controls into the ‚Birthplace of Aviation’ state; they’re 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 first fine followed a slot machine being released in to the casino with unapproved pc software; that has been just a $15,000 hit, which up to a casino, is just 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 making use of their software (no indication of to whom or why this is wrong); and…drum roll, please…the worst sin a casino can perpetrate: failing woefully to are the hotline contact number on their ‚When the Fun Stops’ issue gambling adverts. Whoops.

Senior V.P. Not Overly Concerned

The Horseshoe’s Senior V.P. and manager that is general Marcus Glover, was not exceptionally apologetic about any of it, simply saying that ‚[we] have actually taken steps to handle the issues and embarked on significant training for personnel.’ With a 6.7% increase 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 revel that is battered Atlantic City, brand new CEO Jeffrey Hartmann, who was simply brought in to clean up the financial mess (and maybe not a moment too quickly, it would seem), has wasted 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 important job as someone else, and need to go. That is only going to save him 2.5% of their payroll, though, and Hartmann says that is it for now, 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 documents filed at bankruptcy court in March, Revel was times away from literally running out of money, if you can think that may happen 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 on the auction block. Word is, it wouldn’t have fetched much, by casino requirements anyway; approximately $246 and $331 million is all that was projected for a possible purchase price.

Now Hartmann is incorporating a new nightclub that is fancy a lure to younger customers, presumably, and closing straight down some non-performing ‚celebrity chef’ restaurants in support of reduced class, but higher revenue-producing, eateries. Even though a percentage for the casino has already 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’ll have to puff on that one for the short while to understand it.

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

Las Vegas is the epicenter of all 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 all know you’re laughing right now, thinking, a park? In Las Vegas? the wilderness where it hits 110 pretty consistently from through September july? Yes, a park. Get over it.

Naturally, you’d assume this really is going to be a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the middle regarding the island. Well, you would certainly be wrong; MGM CEO Jim Murren claims the newest $100 million park and public promenade project, 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

Seems that the days that are old casinos tried to keep you from knowing exactly what hour, time or year it was are over; Murren says that ‚tomorrow’s customer does not wish that limitation. They’re more spontaneous.’ Okay.

Murren included that the likeness to the NY park is somewhat metaphoric; ‚We’re not going to try out Frisbee on the Great Lawn, but i might describe it as a city park having a dramatic boulevard,’ he said.

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. Increasing its inauthentic authenticity will likely be things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of program), a beer garden (something that strikes us as more Berlin-y than New York-y), and differing casual New York 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 become completed by belated 2014.

Now, if they want to fully capture ny, they should decrease to Fremont Street and import some homeless individuals and drug addicts and scatter them hither and yon. And they surely need some guys attempting to sell knock-off Chanel purses from the relative back of the truck.

Texas Gaming Reexamined; Trump Plaza Deal on Hold

Texas lawmakers who for years have actually 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 called may finally have to budge, following a study by the Texas Association of Business (TAB) showed that expanding legalized Texas gaming into the Lone Star State could generate one more $11.8 billion in revenues annually.

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

Casinos Would be Granted

If the new bill makes it through a Texas Senate committee hearing, it might allow for slot machines become installed 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 big-ticket study, it is not a done deal; many past gaming measures are shot down.

But the TAB won’t go down with out a fight.

‚For too long, Texas has propped up neighboring economies at the expense 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 building the six casinos could create 74,000 jobs, include $3.4 billion in earnings, and generate that $11.8 billion in annual economic activity.

Where’s Trump’s Home Loan?

Meanwhile, back in Atlantic City, the California company which was planning 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 obtain a release of its mortgage that’s being held by its senior lender that is secured.

Meruelo Group is in negotiations to purchase Trump Plaza since February, and offered $20 million, which is bargain basement casino pricing by any requirements, with the vow to pay about another $100 million on much-needed upgrades to the casino-hotel that is now-dated. The deal 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 next to nothing in recent years.

Contract’s Still On

Meruelo Group, which owns the Grand Sierra in Reno, Nevada, is not throwing into the towel yet on the deal, however. The business said in a recent statement that it’s ‚heartened’ to note that Trump Entertainment is offering an option for them to acquire the Plaza later on 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 only they understand), looks 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 certainly to connect it in with some greater event to milk all the publicity you possibly can as a result. With that concept in mind, 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 studies and tribulations of several Costa-Rica-based internet poker sites, along with function megastars Ben Affleck and Justin Timberlake. And getting the absolute most bang for their buck, the film’s manufacturers are cleverly planning a release date of September 27, just in time to build 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 additional bonus, if all the stars align, are going to be if Nevada’s online poker business happens to be kicked off by then.

Plot Overview

The movie’s title, of course, identifies what happens as soon as the last two community cards on the table in Texas Hold’em called either the ‚turn and river’ or ‚fourth and 5th roads,’ either make or break your hand, which kind of amounts up the glory and agony of poker in one often used player expression. Timberlake apparently plays a college brainiac who pays his Ivy League tuition by grinding online poker cash games for a Costa-Rican site, while Affleck, we gather, plays the ubiquitous Russian mobster who owns stated site. Affleck looks about as much like any Russian mobster we’ve ever regarded 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 particular minor detail excessively.

On the Set

Although it’s designed to occur in Costa Rica, Runner Runner was actually filmed in Puerto Rico, and makes generous and good usage of current online poker history, with sources to Black Friday, recently indicted ‚poker princess’ Molly Bloom (who ran a number of the high-stakes games of that the film’s producer, Leonardo DiCaprio, ended up being reportedly a frequent host, and at which Affleck was said to be a frequent player). In 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 how Runner Runner plays with all 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 heart transplant that is much-needed.