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 the Ohio Casino Control Act, the Ohio Administrative Code, or the Casino Internal Controls into 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 computer software; that was just a $15,000 hit, which up to a casino, is such as for instance a cop giving you a ticket for a penny. But now, the pricing is going up, after numerous additional and violations that are random reported, and now 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 right 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 phone number on their ‘When the Fun Stops’ issue 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 some of it, simply saying that ‘[we] have taken actions to deal with 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.

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 not a moment too early, it would appear), has wasted no time doing what the President can’t: cutting costs. He’s experienced his payroll, and determined that at least 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 time being, 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 days far from literally running out of money, if you can believe which could occur to a casino. Apparently a judge’s approval of the temporary funding 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 criteria anyway; somewhere within $246 and $331 million is all which was projected for a purchase price that is possible.

Now Hartmann is adding a new fancy nightclub as 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 regarding the casino has reverted to smoker-friendly, they now can be considering lifting the ban completely; apparently, gamblers who smoke have more something or money like that. We will have to puff on that one for the while that is little understand it.

Replica Ny City Park Coming to MGM Resorts Las Vegas

Las Las Vegas is 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 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 will be going to be considered a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the guts regarding the area. Well, you would be wrong; MGM CEO Jim Murren says the newest $100 million park and promenade that is public, 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 haven’t either. Oh well.

New Era in Casino Customer Retention

Tends that the old days when gambling enterprises attempted to help keep you from once you understand exactly what hour, time or year it was are over; Murren says that ‘tomorrow’s customer does not wish that limitation. They are much more spontaneous.’ Okay.

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

Exactly like 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 to produce this ode to outdoor town life. Adding to its inauthentic authenticity is going to be things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of program), an alcohol garden (something which strikes us as more Berlin-y than New York-y), and different casual ny eateries, because there’s nothing Las Vegas tourists like to do more than pay three times the going rate for a Reuben sandwich. Construction is expected become completed by late 2014.

Now, if they really want to capture ny, they should go down to Fremont Street and import some homeless people and drug addicts and scatter them hither and yon. In addition they undoubtedly need some guys offering knock-off Chanel purses from the relative back of the vehicle.

Texas Gaming Reexamined; Trump Plaza Deal on Hold

Texas lawmakers whom for years have actually rejected measures aimed at legalizing slot machines and enabling full-scale casinos to be built in the state for which poker’s most game that is famous called 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 one more $11.8 billion in revenues yearly.

It’s all instead ironic in their state that probably hosts more high roller home games than you can shake a stick at. Or, perhaps that’s the issue; they don’t really wish 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 could allow for slot devices to be installed in 13 state racetracks, as well as 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 isn’t a done deal; many previous gaming measures have now been shot down.

But the TAB won’t decrease with no fight.

‘For too long, Texas has propped up neighboring economies during the expense of our very own; exporting jobs, revenue and investment as one of just 10 states that prohibits casino-style gaming,’ 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 yearly activity that is economic.

Where’s Trump’s Home Loan?

Meanwhile, back in Atlantic City, the Ca company that has been preparing to buy Trump Plaza for 1/10th what Trump initially built it for 30 years ago, 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 invest about another $100 million on much-needed improvements to the casino-hotel that is now-dated. The offer ended up being the latest to indicate how badly Atlantic City is doing into the gaming division; Resorts Atlantic royal vegas City and 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 in the deal, however. The business said in a statement that is recent it’s ‘heartened’ to see that Trump Entertainment is providing an option to them to shop for the Plaza later on 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 certainly to tie it in with some greater occasion to milk all of the promotion you perhaps can from this. 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 trials and tribulations of several Costa-Rica-based internet poker sites, as well as function megastars Ben Affleck and Justin Timberlake. And getting the absolute bang that is most for their buck, the movie’s producers are cleverly arranging a release date of September 27, simply in time to create 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 most of the stars align, will be if Nevada’s online poker business happens to be kicked off at that time.

Plot Summary

The movie’s title, of course, identifies what happens when the last two community cards regarding the dining table in Texas Hold’em known as either the ‘turn and river’ or ‘fourth and streets that are fifth’ either make or break your hand, which type of sums up the glory and agony of poker in one often used player expression. Timberlake apparently plays an university brainiac who pays their Ivy League tuition by grinding online poker cash games for a Costa-Rican site, while Affleck, we gather, plays the ubiquitous Russian mobster whom has stated site. Affleck looks about because much like any mobster that is russian’ve ever viewed as Timberlake looks like a black guy in the hood, but that is Hollywood and hot guys with bankrollable names draw investors, so we won’t quibble with this minor detail excessively.

On the Set

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

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