Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Hard Rock International doesn’t like what it sees inside the Trump that is former Taj in Atlantic City, that your company purchased in March for $50 million.

Hard Rock Chairman Jim Allen, A trump that is former entertainment employee, is now tasked with renovating his previous boss’s grand vision in Atlantic City.

Billionaire Carl Icahn’s bargain price selloff designed the rough Rock was acquiring a Boardwalk home for pennies on the dollar, as former casino developer turned US President Donald Trump built the resort for $1.2 billion in 1990.

But upon better assessment, Hard Rock officials say it’s likely to cost a penny that is pretty refresh the 2,010-room resort and gaming space, and rid it of an India-themed décor.

‘The sum of money we’re going to have to invest to eliminate all those minarets and all that purple, Jesus! Just What were we thinking?’ Hard Rock Chairman Jim Allen told the Associated Press this week.

The minarets Allen relates to would be the spire and crowns that are onion-shaped ornaments discovered across the Trump Taj Mahal.

Hard Rock Ups Ante

Although the company owned by the Seminole Tribe in Florida got a spot that is premiere the Atlantic City Boardwalk for a rock-bottom cost, Hard Rock professionals say the initial budget of $350 million won’t be nearly enough to trnsform the room into a proper tough Rock Hotel & Casino. Allen estimated that the project […]

Soccer Generates Record £1.4 billion Revenues for UK Bookies

Soccer Generates Record £1.4 billion Revenues for UK Bookies

Soccer yielded a record £1.4 billion ($1.8 billion) in revenues for UK bookmakers in the full year from October 2015 to September 2016, according to figures released this week by great britain Gambling Commission.

Premier League soccer player Joey Barton was recently sanctioned by the FA for gambling violations but he says the UK’s soccer body that is governing to ‘look at its dependence’ on revenue from gambling companies.

That led to all-time-high profits of £333.4 million ($432 million). The data comes while the sport and its regulating body within the UK, the FA, happens to be accused of having too cozy a relationship that is financial betting companies, who provide it with multiple millions in sponsorship deals.

Meanwhile, there have recently been several visible instances of soccer players succumbing to gambling addiction and the BBC has reported that gambling among players is widespread.

Many recently, Burnley midfielder Joey Barton admitted to placing wagers on 1,260 matches between 2006 and 2013, including at least five in which he was a player.

He had been banned and fined from the game for 18 months, and later fired by Burnley. Pro soccer players are prohibited from placing bets on the own sport, regardless of whether they’ve been straight tangled up in the games or not.

Elephant within the Locker Room

Barton, an outspoken social media user, has admitted he is a gambling addict and cri […]

Maryland Casinos Don’t Help Education as Promised, State Comptroller Says

Maryland Casinos Don’t Help Education as Promised, State Comptroller Says

Maryland gambling enterprises were authorized by voters in 2008 on the grounds that the tax that is generated from legalizing commercial gambling will be primarily used to fund education programs. But that promise, based on state Comptroller Peter Franchot (D), isn’t being kept.

Fifty-eight percent of voters supported the ballot referendum in 2008 to amend the state’s constitution and legalize slot machines at five privately owned gaming venues. a referendum that is further in 2012 to incorporate a sixth facility, and invite table games at the gambling enterprises.

State Comptroller Peter Franchot says taxation revenue stemming from Maryland casinos isn’t being earmarked because the voter-approved 2008 referendum that is constitutional.

The ’08 amendment posed to residents explained a vote of support ‘authorizes the State to issue up to five video clip lottery licenses for the primary reason for raising revenue for education of children in public areas schools, prekindergarten through grade 12, public school construction and improvements, and construction of money projects at community universities and higher training institutions.’

But approaching nine years since Marylanders backed gambling, Franchot states the scheme ‘was fundamentally a lie.’

‘It was a crass, cynical effort to dupe individuals,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief monetary […]