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’re watching you, and watching you closely. So the swank Horseshoe Casino in Cleveland is finding out, after being hit for a second time in 2010 with fines for not doing things the kosher way.

The first fine followed a slot machine being released into the casino with unapproved pc software; that was merely a $15,000 hit, which to a casino, could be such as a cop giving you a ticket for a penny. But now, the pricing is increasing, 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 using 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 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 basic supervisor, Marcus Glover, wasn’t acutely apologetic about any of it, simply saying that ‘[we] have actually taken actions to deal with the problems and embarked on significant training for personnel.’ With a 6.7% rise in the casino’s gross revenues between January and February (to $22 million), Glover’s probably not too focused on their job, regardless.


Meanwhile, over at the revel that is battered Atlantic City, brand new CEO Jeffrey Hartmann, who was brought in to clean up the financial mess (and not a moment too early, it seems), has wasted no time doing what the President can’t: cutting costs. He’s been through 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’s only going to save him 2.5% of his payroll, though, and Hartmann says that is it for now, as he faces the other side of the coin and figures out just how to ramp 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 away from money, if you can believe that could happen to a casino. Apparently a judge’s approval of a temporary financing plan for $250 million saved the day, and kept it from shutting down and going in the auction block. Word is, it wouldn’t have fetched much, by casino criteria anyway; somewhere within $246 and $331 million is all that has been projected for a possible purchase price.

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 and only reduced class, but higher revenue-producing, eateries. And even though a percentage for the casino has already reverted to smoker-friendly, they now might be looking at lifting the ban entirely; apparently, gamblers who smoke have more something or money like that. We are going to have to puff on that one for the 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 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 might be planning to be described as a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the guts of the island. Well, you would certainly be wrong; MGM CEO Jim Murren says the newest $100 million park and promenade that is public, which will go up outside its brand 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 attempted to help keep you from once you understand what hour, time or year it was are over; Murren says that ‘tomorrow’s client does not want that limitation. They are far more spontaneous.’ Okay.

Murren added 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’d describe it as a city park with 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 increase 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 course), a beer yard (something that strikes us as more Berlin-y than New York-y), and differing casual New York 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 to be completed by late 2014.

Now, if they really want to capture ny, they should decrease to Fremont Street and import some homeless individuals and drug addicts and scatter them hither and yon. And they undoubtedly need some guys offering knock-off Chanel purses through the relative back of the vehicle.

Texas Gaming Reexamined; Trump Plaza Deal on Hold

Texas lawmakers who for years have actually rejected measures aimed at legalizing slots and permitting full-scale casinos become built in the state for which poker’s most famous game is called may finally have to budge, following a research by the Texas Association of Business (TAB) showed that expanding legalized Texas gaming in the Lone Star State could make yet another $11.8 billion in revenues annually.

It’s all rather ironic in the state that probably hosts more high roller home games than you can shake a stick at. Or, perhaps 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 Would be Allowed

In the event that bill that is new it through a Texas Senate committee hearing, it could 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 previous gaming measures have now been shot down.

Nevertheless the TAB won’t drop without having a fight.

‘For a long time, Texas has propped up neighboring economies during the expense of our very own; 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 shows that building the six gambling enterprises could produce 74,000 jobs, include $3.4 billion in earnings, and generate that $11.8 billion in annual activity that is economic.

Where’s Trump’s Home Loan?

Meanwhile, back Atlantic City, the Ca company which was 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 lender that is secured.

Meruelo Group was in negotiations to purchase Trump Plaza since February, and offered $20 million, which is bargain basement casino rates by any criteria, with the promise to spend about another $100 million on much-needed upgrades to the casino-hotel that is now-dated. The deal ended up being the latest to indicate how badly Atlantic City is doing in the gaming department; Resorts Atlantic City plus 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, isn’t throwing in the towel yet in the deal, however. The business said in a statement that is recent it’s ‘heartened’ to note that Trump Entertainment is providing an option to them to acquire 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 just they understand), looks forward to becoming part of the (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 need certainly to tie it in with some greater event to milk all the promotion you perhaps 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 obtain the absolute bang that is most for their buck, the movie’s manufacturers are cleverly arranging a release date of September 27, simply 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 having a cool $8 or $9 million.

An additional bonus, if all of the stars align, will be if Nevada’s online poker business happens to be kicked off at that time.

Plot Overview

The movie’s title, of course, refers to what happens once the last two community cards in the table in Texas Hold’em known as either the ‘turn and river’ or ‘fourth and fifth streets,’ either make or break your hand, which type of amounts up the glory and agony of poker in one single usually used player expression. Timberlake apparently plays a college 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 who owns said site. Affleck appears about as much like any mobster that is russian’ve ever regarded as Timberlake looks like a black guy in the hood, but this is certainly Hollywood and hot guys with bankrollable names draw investors, so we won’t quibble with this small detail too much.

On the Set

Although it’s expected to take place in Costa Rica, Runner Runner had been actually filmed in Puerto Rico, and makes generous and good use of present online poker history, with sources 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 had been said 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 understand, some pretty extensive big-time on line gambling ties.

‘Twill be interesting to see exactly how Runner Runner plays aided by 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.

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