Casino Gambling blog » Others

Brand new Hollywood casino project

admin — Sat, 01 May 2010 10:26:27 +0000

The Construction industry approved of the Hollywood Casino project, at speedway in Kansas City. On April 28th, 2010, the Hollywood Casino at Kansas Speedway broke ground. The ceremony began at 11 a.m. and it included notable guests such as Unified Government Mayor/CEO Joe Reardon, Lesa France Kennedy, Vice Chair and CEO, International Speedway Corporation; Tim Wilmott, President/COO, Penn National Gaming; Lt. Governor Troy Findley and Kansas Lottery Executive Director Ed Van Petten. It is said to be one of the area’s biggest and will show off a race-themed design capitalizing on its address. The designers of the $386 million casino describe it as Hollywood meets NASCAR. The casino has lots of film and racing memorabilia and also video displays. It also has 100,000-square-foot gambling floor segmented into areas resembling the movie studio back lots. For the local construction industry, the 268,000-square-foot casino already is proving to be a winner.
Nonresidential building activity was down 49 percent the first quarter of this year in the Kansas City metropolitan area, according to McGraw-Hill Construction. The unemployment rate in the local building trades is estimated at more than 25 percent. The Hollywood casino project is expected to employ 1,700 construction workers.Yaeger estimated that $180 million of the casino expense would be for hard construction. Besides the casino, the project includes a five-level garage with about 1,500 parking spaces. The entire complex covers 102 acres, with enough land set aside to accommodate a future expansion that includes a hotel with up to 300 rooms.The rest of the casino cost covers design work and the considerable expense of installing gambling machines and other furnishings.
The casino will have 2,300 slot machines and 86 table games, plus upscale food and entertainment amenities. The building architecture has an art deco flavor with subtle racing influences. The casino flows from the floor area in the front to the more open entertainment area facing the track. The track side has a beer garden with a view of the speedway. An integral part of the decor is the presence of many video screens, showing movie trailers and entertainment news the casino has a banquet area that can accommodate 1,000 people. The casino is expected to employ 1,050 people after it opens in early 2012.The Hollywood Casino is one of four regional casinos authorized by the state of Kansas in 2007.Management of the facilities is contracted out, but the owner is the Kansas Lottery. The regulating agency is the state Racing and Gaming Commission. Only one of the four casinos, in Dodge City, has opened so far.
The Hollywood, for the state’s northeast quadrant, will be the second and much bigger. Jeff Boerger, the president of the Speedway Development Corp., said the casino was expected to attract 400,000 people annually and gross more than $200 million. International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 13 of the nation’s major motorsports entertainment facilities, including Daytona International Speedway(R) in Florida, Alabama, Detroit, Virginia, Los Angeles, Kansas City, Arizona, Chicago, etc…

Trump Entertainment Resorts to come out of bankruptcy

admin — Tue, 15 Dec 2009 10:54:49 +0000

Trump Entertainment Resorts Inc. will soon emerge from bankruptcy with less debt, a commitment to sell one casino and plans for longer-term projects that could include the first gaming floor built directly over the ocean, said the company’s chief executive. After a 14-month bankruptcy battle, the company has started to under new ownership by a group of corporate bondholders headed by Marc Lasry and his Avenue Capital Group hedge fund. They are paying $225 million for the three Trump casinos and plan to slash the company’s debt from $1.7 billion to between $325 million and $335 million. Unlike the company’s two previous bankruptcies, in the early 1990s and in 2005, this time the casinos will emerge from Chapter 11 with far less debt, Trump Entertainment CEO Mark Juliano emphasized. A federal bankruptcy judge picked the bondholders over investor Carl Icahn in a takeover fight for Trump Entertainment.
The bondholders were backed by Donald Trump, who will receive as much as a 10 percent stake in the reorganized company. The company’s post-bankruptcy turnaround strategy includes selling the underperforming Trump Marina Hotel Casino and bringing in an investment partner to help expand Trump Plaza Hotel and Casino. Improvements are also planned at Trump Taj Mahal Casino Resort. A joint venture partner for Trump Plaza would provide the financing for a new hotel tower or other upgrades. The casino has languished because the company has lacked the money for an extensive makeover. Juliano said that the sale of Trump Plaza shouldn’t happen because the depressed real estate market would prevent the company from getting an attractive price, despite the casino’s prime location. It is expected to see a lot more of Ivanka Trump in the coming months, as she becomes one of the main public faces of Trump Entertainment. Already familiar from Trump Entertainment billboards in and around Atlantic City dating from the days before she and her father quit its board amid the bankruptcy filing, the executive vice president of development & acquisitions for the Trump Organization will play a larger role in marketing Trump Entertainment as well.
Trump Marina, has suffered from its location in the Marina District, in the shadow of powerhouse competitors Borgata Hotel Casino & Spa and Harrah’s Resort. Trump Entertainment hopes to unload the Marina as soon as possible. One potential buyer is Richard T. Fields. Trump Taj Mahal will continue to be the company’s flagship operation. Juliano said upgrades are planned for the Taj Mahal’s spa and high-end slots area. In the longer term, the company will consider redeveloping the Steel Pier amusement park, directly across the Boardwalk, for a casino and hotel project. Previous plans to redevelop the Trump Entertainment-owned Steel Pier into a hotel or a luxury condominium project failed because of funding shortages. New ownership, is supposed to be strengthening Trump’s finances and also help the company make upgrades to attract more convention business and wealthier overnight customers, one analyst said. Morowitz also said the company will have more money just by keeping the Trump name. He noted that Trump Entertainment would have had to spend millions of dollars for the casinos if a deal was not struck with bondholders to retain the Trump moniker. The need to reinvent them to appeal to markets that are currently rejecting them and Atlantic City is urgent, said Cory Morowitz, a New Jersey casino analyst.

Controlling underage gambling

admin — Thu, 26 Nov 2009 13:50:51 +0000

The operator of Philadelphia Park Casino and Racetrack, Greenwood Gaming and Entertainment Inc., was fined $24,000 by state regulators for two instances of allowing underage gambling. The instances were unrelated and happened at the Bensalem casino on July 6th in the year of 2008 and also on November 1st of 2008, the Pennsylvania Gaming Control Board said Wednesday. The State law (The Racehorse Development and Gaming Act) strictly forbids slot machine gambling by individuals under the age of 21. The civil penalty was assessed by the Board at its public hearing in Harrisburg and stemmed from violations that occurred in 2008. In the July case, a 20-yea r-old male played slots for over an hour. In the second instance, an 18-year-old male walked past security guards without even being asked for identification.

He stayed there and even played the slots and also cashed a voucher. The State Police issued trespassing summonses to the underage offenders. In each case, employees of Philadelphia Park were disciplined, the regulators later had said. In one case, an employee was fired. The casino has also hired a new security director and vowed to be more vigilant. In June 2008, Philadelphia Park was fined $18,000 for allowing children as young as 2 years old onto the gaming floor. In a separate action, the Board fined a Canadian firm, Sprung Instant Structures, Inc. of Calgary, $5,000 for failing to comply with various requests of the Bureau of Licensing regarding the submission of necessary information needed to gain approval as a Certified Vendor. The company supplies and leases the structure that houses the temporary slots facility for The Meadows Racetrack and Casino in Washington County. In addition to the fine, Sprung Instant Structures agreed to reimburse the Gaming Control Board $28,000 for the projected cost to complete its investigation.

In a another incident gambling regulators in Pennsylvania also fined Mount Airy Casino Resort a whopping total of $100,000 on the basis of underage gambling charges. Gamblers between the ages of 17 and 20 have caught at the casino 6 times in the last year, four of which were reported by the casino. The incidents occurred between July and September 2009 when Pennsylvania’s gaming act made it illegal for anyone under 21 to operate slots and barred individuals under 18 from entering the gaming floor. Eight identification-scanning devices were also bought by Airy to help prevent underage individuals from accessing the floor in the future.

During the past 2 years, the board has levied fines 9 times for violation of underage gambling or minors on the gaming floor totaling $332,500.During the past two years; the Board has levied fines statewide on nine occasions. On January 7th, Act 1 of 2010 was signed by Governor Rendell which allows Pennsylvania casinos to add table games. In addition, the law immediately tightened restrictions for access to the gaming floor of casinos by making is unlawful for anyone “under the age of 21 to enter and remain in any area of the licensed facility where slots machines are operated or the play of table games is conducted”. Similarly, no one under the age of 21 can participate in the play of table games. While it has always been unlawful in Pennsylvania for persons under 21 years of age to operate or use slot machines, the Act previously placed the age restriction on entering the gaming floor of a licensed facility at the age of 18. free flash games

Online Casino Review all top online casino sites at only-jackpot.com
Angry Birds Online Play Angry Birds Rio Games Online – Download Angry Birds Rio Online for PC and Mac, Play Angry Birds Rio Flash Game, Angry Birds Rio Walkthrough, Angry Birds Rio Cheats, Golden, Banana, News.
Play euromillions and eurojackpot online!
Online gambling is actually against the gambling zone law in 11 states including Illinios. But right here in Chicago you can either go across the state line to play in a “real” casino, or play in “charity” poker tournments for entry fee of 75 or more. There are a few reasons why online gambling is not encouraged.
Traditional Bingo has been a popular pastime for many years throughout the world. It’s a great meeting bingo place for friends and family and a great place to meet new people in such a relaxed atmosphere. It’s no surprise that there are over 60 million bingo players worldwide.
Gambling has been continually evolving since its origin in 2300 B.C., and the sole purpose of usa gambling is to offer entertainment and to offer a good chance to win some real cash.
For so many years, Bingo, also known as housy-housy or lotto has been played all over the world by several people all over the world. All kinds of bingo games have been hosted and played in a big Bingo house (or a hall) to offer fulfilled entertainment and earnings for its players.
Free Bingo at Mecca Up to £50 Free Play at Mecca Bingo! Play Online Bingo for huge guaranteed jackpots & fun daily promotions. Join us & Play Now!