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

Don’t mess because of the Ohio Casino Control Act, the Ohio Administrative Code, or the Casino Internal Controls into the ‘Birthplace of Aviation’ state; they are viewing you, and watching you closely. So that the swank Horseshoe Casino in Cleveland is finding out, after being hit for a second time this year with fines for not doing things the kosher way.

The first fine followed a slot machine being released in to the casino with unapproved computer software; which was only a $15,000 hit, which to a casino, is like a cop giving you a ticket for the penny. But now, the pricing is increasing, after numerous additional and random violations were reported, now the slap has moved to a spank with a total of $180,000.

Various Violations

Among the odd melange of wrongdoings were using 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 are the hotline phone number on their ‘When the Fun Stops’ issue gambling adverts. Whoops.

Senior V.P. Not Overly Concerned

The Horseshoe’s Senior V.P. and basic manager, Marcus Glover, was not acutely apologetic about some of it, simply saying that ‘[we] have actually taken actions to deal with the difficulties and embarked on significant training for personnel.’ With a 6.7% increase in the casino’s gross revenues between January and February (to $22 million), Glover’s probably not too focused on their work, regardless.


Meanwhile, over at the battered experience Atlantic City, brand new CEO Jeffrey Hartmann, who was brought in to clean up the financial mess (and not a moment too soon, 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 wind 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 days far from literally running away from money, if you can think that could happen to a casino. Apparently a judge’s approval of the temporary financing plan for $250 million saved the day, and kept it from shutting down and going regarding the auction block. Word is, it wouldn’t have fetched much, by casino requirements anyway; somewhere between $246 and $331 million is all that was projected for a purchase price that is possible.

Now Hartmann is incorporating a new nightclub that is fancy a lure to younger customers, presumably, and closing down some non-performing ‘celebrity chef’ restaurants and only lower class, but higher revenue-producing, eateries. And while a portion for the casino has recently reverted to smoker-friendly, they now may be looking at lifting the ban entirely; apparently, gamblers who smoke have more money or something 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 Las Vegas could be 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 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 really is planning to be described as a replica Central Park, the huge, sprawling greenway that divides Manhattan in half in the center associated with the island. Well, you’d be wrong; MGM CEO Jim Murren claims the brand new $100 million park and general 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 gambling enterprises attempted to keep you from once you understand what hour, day or year it was are over; Murren says that ‘tomorrow’s client does not want that limitation. They are 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 would explain it as a city park having a dramatic boulevard,’ he stated.

Similar to 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. Between the two bits of construction, MGM will be using 10 acres to generate this ode to outdoor town life. Adding to its inauthentic authenticity are things like a replica Brooklyn Bridge (minus the gridlock rush hour Manhattan exodus traffic, of course), an alcohol yard (something which strikes us as more Berlin-y than New York-y), as well as other casual nyc eateries, because there’s nothing Vegas tourists prefer to do more than pay three times the going rate for a Reuben sandwich. Construction is anticipated become completed by belated 2014.

Now, they should go down to Fremont Street and import some homeless people and drug addicts and scatter them hither and yon if they really want to capture New York. Plus they definitely need some guys selling knock-off Chanel purses from the relative back of a vehicle.

Texas Gaming Reexamined; Trump Plaza Deal on Hold

Texas lawmakers whom for years have rejected measures aimed at legalizing slots and allowing full-scale casinos to be built in the state for which poker’s most famous game is known as may finally have to budge, after having a study by the Texas Association of Business (TAB) showed that expanding legalized Texas gaming into the Lone celebrity State could make 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 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 enable for slot devices become set up 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 study that is big-ticket it isn’t a done deal; many previous gaming measures have already been shot down.

Nevertheless the TAB won’t go down with no fight.

‘For a long time, Texas has propped up neighboring economies during the expense of our own; exporting jobs, revenue and investment as one of just 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 gambling enterprises could create 74,000 jobs, add $3.4 billion in income, and generate that $11.8 billion in annual activity that is economic.

Where’s Trump’s Mortgage?

Meanwhile, back Atlantic City, the Ca company that 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 acquire 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 criteria, with the vow to pay about another $100 million on much-needed upgrades to the casino-hotel that is now-dated. The deal had been the latest to indicate how badly Atlantic City is doing into the gaming department; Resorts Atlantic City and also the Trump Marina have also gone for close to nothing in recent years.

Contract’s Still On

Meruelo Group, which owns the Grand Sierra in Reno, Nevada, is not throwing in the towel yet on the deal, however. The business said in a statement that is recent it’s ‘heartened’ to note that Trump Entertainment is offering a choice to them to purchase the Plaza later on into 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 just 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’t just make a movie anymore; you need certainly to connect it in with some greater occasion 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 have the absolute bang that is most for their buck, the film’s producers are cleverly planning a release date of September 27, just in time to construct up lots of buzz before 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 added bonus, if all the stars align, is going to be if Nevada’s online poker business happens to be kicked off at that time.

Plot Summary

The film’s title, of course, means what happens as soon as the last two community cards on the table in Texas Hold’em referred to as either the ‘turn and river’ or ‘fourth and fifth streets,’ either make or break your hand, which sort of sums up the glory and agony of poker in one single frequently used player expression. Timberlake apparently plays a college brainiac who pays their Ivy League tuition by grinding online poker cash games on a Costa-Rican site, while Affleck, we gather, plays the ubiquitous Russian mobster whom has stated site. Affleck looks about because much like any Russian mobster we’ve ever viewed as Timberlake looks like a black man in the hood, but this really is Hollywood and hot dudes with bankrollable names draw investors, so we won’t quibble with this small detail too much.

On the Set

Although it’s supposed to take place in Costa Rica, Runner Runner had been actually filmed in Puerto Rico, and makes generous and good usage of current online poker history, with recommendations 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, was reportedly a frequent host, and at which Affleck had been believed to be a frequent player). In a 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 know, some pretty extensive online that is big-time gambling.

‘Twill be interesting to see exactly how Runner Runner plays using 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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