Casino News — Resorts World Catskills In Problems, No Casinos For Chicago, Tricky Rock Vegas Closing For Renos
This week’s casino news starts us of in upstate New York where one of many many lavish, revolutionary casinos is on the verge of bankruptcy. Can the Resorts World Catskills be saved still?
Resorts World Catskills On Verge Of Bankruptcy
The largest upstate casino in New York is reportedly regarding the verge of bankruptcy carrying out a couple of years by which it was unable to generate profits. According to the report, the Resorts World Catskills was hit with a $36 million loss in the last quarter. The company is seriously considering claiming bankruptcy in an effort to square away its debts.
The casino’s shareholder that is largest, the Genting Group, has put forward a proposal to buy out the staying shares associated with the company from the parent business Empire Resorts. According to an SEC filing by the publicly-traded business, 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 would likely need certainly to apply for Chapter11 bankruptcy to be able to negotiate its debts with creditors.
After projecting $300 million in revenue for 2019, the Resorts World Catskills happens to be 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 continue following the stunning revelations that are financial.
Finest Gaming Tax Structure In U.S. Keeps Chicago From Opening Casinos
An independent analysis based on potential casinos within the Chicago area has revealed that there is certainly major risk associated with any projects in the city because of the ‘highest effective gaming tax and fee framework in the United States’. Union Gaming Analytics, the company that put together the report, investigated the prospective outlook for casinos in the area after Chicago Mayor Lori Lightfoot put forth her idea for the new project. Union Gaming Analytics was paid $100,000 to review five sites that are potential Chicago as possible casino locations.
A decommissioned hospital edged out a tennis course and a former metal plant as the most likely destination for a brand new casino within the city according to the Las Vegas-based analytics company. Nonetheless, the report noted that the location didn’t matter as the proposed tax that is gross of 72 percent would keep any gambling facility from ever getting off the ground. Whether or perhaps not Chicago officials choose revisit the tax rates in the populous city in wake of the report is another story altogether. For now, it appears as though any prospective casino initiatives in the city will go on hold, so blackjack players will have to keep looking around for a place to relax and play.
Hard Rock Las Vegas To Close For Eight Months For Renovations
One of this landmark hotel and casino destinations into the Las Vegas will close for eight months beginning in February 2020. The Hard Rock Hotel and Casino will entirely power down operations for two-thirds of the year to make changes that are substantial their structures.
While a previous statement by the casino suggested that the renovation period would be limited to four months, that timeline changed dramatically according to the update that is latest.
NFL Betting: Top Five Games For Week 4 Of The NFL Preseason
The 4th and final week of preseason is upon us. It’s typically the one where teams care the minimum as the season that is regular less than a couple of weeks away. But, some position battles are still ongoing. Here is a look at five key games to keep an eye on for NFL gambling players:
Indianapolis Colts @ Cincinnati Bengals
August 29th, 2019 7:00 PM ET thursday
There is absolutely no real way the Colts’ game is going to be as entertaining as last week’s matchup with all the Chicago Bears. All things considered, the news of Andrew Luck’s retirement had been tweeted out by ESPN’s Adam Schefter in the center of Saturday night of game, with Luck on the sideline while their teammates and fans slowly learned of the news. It’s potentially news that is devastating an Indianapolis side 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 here as backup quarterback Chad Kelly is quite talented. He’ll play this and might push for starts if Brissett struggles week.
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 comes back to East Rutherford to play lots of good friends and former teammates.
NFL Betting Line: Jets -3
Baltimore Ravens @ Washington Redskins
Thursday August 29th, 2019 7:30 PM ET
One of the most appreciated storylines that NFL betting fans will monitor this week is the Ravens’ potential to complete the preseason with a record that is perfect the fourth year in a row. Baltimore is 16-0 over the last four preseasons, which makes them among the most fun groups 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
Thursday August 29th, 2019 8:00 PM ET
While Indianapolis suffered the biggest blow associated with the preseason utilizing the news of Luck’s retirement, Houston is dealing with its very own issues. The Texans lost running back Lamar Miller to a torn ACL. They also have some major issues on the line that is offensive they won’t have the ability to fix with most of their starters on the sideline.
Week 4 are going to be an important test for Houston’s backup offensive linemen that need certainly to be ready to be called in to action if need for Week 1 of the regular season.
All preseason and that won’t change this week as for the Rams, they have rested their starters.
NFL Betting Line: Texans -2.5
Kansas City Chiefs @ Green Bay Packers
August 29th, 2019 8:00 PM ET thursday
Two teams which have been talked about as potential Super Bowl contenders will satisfy in Week 4 associated with the preseason hoping them all that they will meet again on the biggest stage of. This game will be about giving raging bull casino sign up the fringe players on the roster one more opportunity to showcase their talents for both teams. The emergence of rookie running straight back Darwin Thompson has made the Chiefs’ running straight back situation a tad bit more interesting. Thompson could see at least a few 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 starts off with a reveal associated with the 2019 Poker Masters schedule. We now know the main element information on that event, which will include plenty 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 return with Poker Central announcing that the event will take play in early of this year november. The tournament will play a significant role in the year-long high roller points chase, which should see one skilled player secure rake-free entries for a wide range of different events looking forward to 2020.
The 2019 version of the Poker Masters will take place in the PokerGO Studio outside of ARIA in Las Vegas from 4-14 november. This season’s routine will look a whole lot different than the 2018 edition of the tournament, with more of a focus on the games outside of no-limit hold’em. The thing that will remain exactly the same is the $100,000 Main Event, which will look quite similar in some recoverable format to year that is last main occasion.
Keep Memory Alive To Host Second Annual Charity Poker Tournament In September
The Keep Memory Alive company will host its Annual that is second Texas Charity Poker Tournament on Friday, September 27, 2019 during the Keep Memory Alive Event Center in Las Vegas. Hosted by the casino legend Jack Binion, each of the proceeds raised at the occasion shall be donated to the Cleveland Clinic Lou Ruvo Center for Brain Health. The hospital will utilize the profit its fight against neurodegenerative diseases including Alzheimer’s, Huntington’s, Parkinson’s, several Sclerosis and ALS.
The tournament are available to anybody 21 and over with a $500 buy-in that is initial. The first-place award payout happens to be 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 cash 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 routine in Las Vegas.
Ostapchenko Emerges As Biggest Winner In Parx Bix Stax 30 Event
Andrew Ostapchenko has had a good week. He is the winner that is biggest at in 2010’s Parx Big Stax XXX event.
Ostapchenko was the final man standing in a field of 455 entries in the Big Stax 1100, using house $97,220 in his first recorded victory that is live. It was also his second-biggest career cash after he won over $200,000 in the 2017 World group of Poker Main Event.
Ostapchenko took a substantial chip lead into the last dining table and didn’t look straight back. While he took home the massive $97K first-place prize, he wasn’t the only big winner as every one of the top five finishers in this kind of tournament took home up to $20,000. Meanwhile, the Greg ‘Fish’ Fishberg emerged because the big champion of the Big Stax 2500, raking in $40,000 to his currently impressive $1.6 million total in all-time tournament cash earnings.