Casino News – Resorts World Catskills In Problem, No Casinos For Chicago, Tricky Rock Vegas Closing For Renos
Casino News – Resorts World Catskills In Problem, No Casinos For Chicago, Tricky Rock Vegas Closing For Renos
This week’s casino news starts us of in upstate New York where among the most lavish, innovative casinos is on the verge of bankruptcy. Can the Resorts World Catskills still be conserved?
Resorts World Catskills On Verge Of Bankruptcy
The upstate casino that is largest in nyc is reportedly in the verge of bankruptcy adhering to a couple of years in which it absolutely was unable to generate profits. Based on the report, the Resorts World Catskills was hit with a $36 million loss in the quarter that is last. The organization is seriously considering claiming bankruptcy in an effort to square away its debts.
The casino’s largest shareholder, the Genting Group, has placed forward a proposal to buy out the remaining shares regarding the company from the parent business Empire Resorts. According to an SEC filing by the company that is publicly-traded the $1 billion casino in Monticello suffered operating losses of $73.5 million through the finish of June. If Empire Resorts doesn’t take the deal with the Genting Group, it might likely have to declare Chapter11 bankruptcy to be able to negotiate its debts with creditors.
After projecting $300 million in revenue for 2019, the Resorts World Catskills is on pace to fall almost $100 million short of that mark. It will be interesting to see what route the Genting Group decides to take moving forward after the stunning financial revelations.
Finest Gaming Tax Construction In U.S. Keeps Chicago From Opening Casinos
An analysis that is independent on potential casinos into the Chicago area has revealed that there was major risk associated with any projects in the city because of the ‘highest effective gaming tax and fee structure in the United States’. Union Gaming Analytics, the company that put together the report, investigated the potential perspective for casinos in the area after Chicago Mayor Lori Lightfoot supply her idea for the new project. Union Gaming Analytics was paid $100,000 to review five potential sites in Chicago as potential casino destinations.
A decommissioned hospital edged out a golf course and a former steel plant as the utmost likely destination for the brand new casino within the city according to the Las Vegas-based analytics company. However, the report noted that the location did not matter as the proposed tax that is gross of 72 percent would keep any gambling facility from ever getting off the ground. Whether or otherwise not Chicago officials decide to revisit the taxation rates in the city in wake of the report is another story altogether. For now, it appears as if any prospective casino initiatives in the city will be put on hold, so blackjack players will have to keep exploring for the place to try out.
Hard Rock Las Vegas To Close For Eight Months For Renovations
One associated with the landmark hotel and casino locations in the Las Vegas will close for eight months starting in 2020 february. The Hard Rock Hotel and Casino will completely turn off operations for two-thirds of the season to make changes that are substantial their structures.
While a previous announcement by the casino suggested that the renovation period would be limited to four months, that timeline changed dramatically based on the update that is latest.
NFL Betting: Top Five Games For 4 Of The NFL Preseason week
The 4th and final week of preseason is upon us. It is typically the one where teams care the least as the regular period is less than fourteen days away. However, some position battles are still ongoing. Here’s a consider five key games to watch on for NFL players that are betting
Indianapolis Colts @ Cincinnati Bengals
Thursday August 29th, 2019 7:00 PM ET
There isn’t any way the Colts’ game is going to be as entertaining as last week’s matchup utilizing the Chicago Bears. After all, the news of Andrew Luck’s retirement had been tweeted down by ESPN’s Adam Schefter in the middle of Saturday night of game, with Luck on the sideline while their teammates and fans slowly discovered of the news. It’s potentially devastating news for an Indianapolis part that went from legitimate Super Bowl contender with Luck under center to fringe playoff contender with Jacoby Brissett as the starter on paper.
Still, there’s some intrigue casino mate instant play here as backup quarterback Chad Kelly is quite talented. He will play this week and might push for starts if Brissett struggles.
NFL Betting Line: Bengals -3
Philadelphia Eagles @ New York Jets
August 29th, 2019 7:00 PM ET thursday
Josh McCown went from retired quarterback to throwing for 192 yards and two touchdowns as the starter for the Eagles in last week’s 26-15 loss to the Baltimore Ravens. This week and it will come against his former team while Carson Wentz is still on track to be ready for Philadelphia in Week 1, McCown will get another crack at game action. McCown helped mentor quarterback that is second-year Darnold throughout their rookie season. Now he returns to East Rutherford to try out a number of friends and teammates that are former.
NFL Betting Line: Jets -3
Baltimore Ravens @ Washington Redskins
August 29th, 2019 7:30 PM ET thursday
The most appreciated storylines that NFL betting fans will monitor this week is the Ravens’ potential to complete the preseason with a perfect record for the 4th year in a line. Baltimore is 16-0 over the last four preseasons, which makes them one of many most fun teams for bettors to follow and root for at this time of the year. Rookie pick that is sixth-round McSorley went 19-of-28 for 203 yards and two touchdowns in last week’s win over Philadelphia.
NFL Betting Line: Ravens -6
Los Angeles Rams @ Houston Texans
August 29th, 2019 8:00 PM ET thursday
While Indianapolis suffered the blow that is biggest of this preseason aided by the news of Luck’s your retirement, Houston is working with a unique issues. The Texans lost running back Lamar Miller to a torn ACL. They also have some major issues on the offensive line that they won’t manage to fix with most of their starters on the sideline.
Week 4 is an important test for Houston’s backup offensive linemen that have to be ready become called in to action if need for Week 1 of the regular season.
As for the Rams, they have rested their beginners all preseason and that won’t change this week.
NFL Betting Line: Texans -2.5
Kansas City Chiefs @ Green Bay Packers
August 29th, 2019 8:00 PM ET thursday
Two teams which were talked about as potential Super Bowl contenders will meet in Week 4 regarding the preseason hoping them all that they will meet again on the biggest stage of. For both groups, this game will likely be about offering the fringe players on the roster one more possibility to showcase their talents. The emergence of rookie running right back Darwin Thompson has made the Chiefs’ running straight back situation a tad bit more interesting. Thompson could see at least a couple of snaps once again in Green Bay.
NFL Betting Line: Packers -2
Poker News: Master’s Scheduled Revealed, Ostapchenko Wins Big
This week’s poker news begins with a reveal associated with 2019 Poker Masters schedule. We now know one of the keys information on that event, which will include an abundance of opportunities for players to win big.
2019 Poker Masters Schedule Revealed
The edition that is next of Purple Jacket chase has been announced. The Poker Masters series tournament will get back with Poker Central announcing that the event will take play in very early of this year november. The tournament will play a role that is significant the year-long high roller points chase, which should see one skilled player secure rake-free entries for a range different occasions searching forward to 2020.
The 2019 version of the Poker Masters will require place into the PokerGO Studio outside of ARIA in Las vegas, nevada from 4-14 november. This year’s schedule will lot look a different than the 2018 edition of the tournament, with increased of a focus on the games outside of no-limit hold’em. The one thing that will remain exactly the same is the $100,000 Main Event, which will look much the same in writing to year that is last primary event.
Keep Memory Alive To Host Second Annual Charity Poker Tournament In September
The Keep Memory Alive organization will host its Annual that is second Texas Charity Poker Tournament on Friday, September 27, 2019 at the Keep Memory Alive Event Center in Las Vegas. Hosted by the casino legend Jack Binion, most of the proceeds raised at the occasion will be donated to the Cleveland Clinic Lou Ruvo Center for Brain Health. The hospital will make use of the profit its fight neurodegenerative conditions including Alzheimer’s, Huntington’s, Parkinson’s, Multiple Sclerosis and ALS.
The tournament are open to anybody 21 and over with a $500 buy-in that is initial. The first-place reward payout was set at $10,000 with several runner-up prizes including fancy trips, expensive jewelry, and exclusive chef dinners.
With plenty of outstanding rewards and plenty of money being donated to an excellent cause, Keep Memory Alive’s annual poker tournament is one of the can’t miss events on this year’s Poker schedule in Las Vegas.
Ostapchenko Emerges As Biggest Winner In Parx Bix Stax 30 Event
Andrew Ostapchenko has had a good week. He’s the biggest winner at this season’s Parx Big Stax XXX event.
Ostapchenko was the last man standing in a field of 455 entries in the Big Stax 1100, using home $97,220 in his first recorded victory that is live. It was additionally his career that is second-biggest cash he won over $200,000 in the 2017 World Series of Poker Main Event.
Ostapchenko took a chip that is substantial into the last dining table and didn’t look straight back. While he took house the massive $97K first-place reward, he wasn’t the only big winner as each of the top five finishers in this kind of competition took home well over $20,000. Meanwhile, the Greg ‘Fish’ Fishberg emerged once the big winner of the Big Stax 2500, raking in $40,000 to his currently impressive $1.6 million total in all-time tournament cash profits.