This week’s casino news starts us of in upstate New York where one of many most luxurious, revolutionary casinos is on the verge of bankruptcy. Can the Resorts World Catskills be saved still?
Resorts World Catskills On Verge Of Bankruptcy
The upstate casino that is largest in New York is reportedly in the verge of bankruptcy following a year or two by which it had been unable to generate profits. Based on the report, the Resorts World Catskills was hit with a $36 million loss in the final quarter. The business 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 remaining shares associated with the company from the parent company 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 conclusion of June. If Empire Resorts does not take the deal with the Genting Group, it might likely need to declare Chapter11 bankruptcy so that you can negotiate its debts with creditors.
After projecting $300 million in revenue for 2019, the Resorts World Catskills is currently on pace to fall nearly $100 million short of that mark. It will be interesting to see just what route the Genting Group decides to take continue after the stunning revelations that are financial.
Highest Gaming Tax Structure In U.S. Keeps Chicago From Opening Casinos
An independent analysis based on possible casinos within the Chicago area has revealed that there clearly was 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 assembled the report, investigated the potential perspective for casinos in the area after Chicago Mayor Lori Lightfoot help with her idea for the project that is new. Union Gaming Analytics was paid $100,000 to review five prospective sites in Chicago as potential casino locations.
A decommissioned hospital edged out a tennis course and a former steel plant as the most likely destination for a new casino in the city based on the Las Vegas-based analytics company. Nevertheless, the report noted that the location did not matter as the proposed tax that is gross of 72 percent would keep any gambling center from ever getting off the ground. Whether or not Chicago officials decide to revisit the tax rates in the populous city in wake of the report is another story completely. For now, it appears as though any possible casino initiatives in the city will go on hold, so blackjack players will need to keep looking around for the place to relax and play.
Hard Rock Las Vegas To Close For Eight Months For Renovations
One for the landmark hotel and casino destinations into the Las Vegas will close for eight months starting in February 2020. The Hard Rock Hotel and Casino https://real-money-casino.club/mr-green-online-casino/ will completely power down operations for two-thirds of the year to make substantial changes to their buildings.
While a previous announcement by the casino indicated that the renovation period would be limited to four months, that timeline changed dramatically in accordance with 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 is typically the one where teams care the minimum as the season that is regular less than two weeks away. But, some position battles are still ongoing. Here’s a have a look at five key games to watch on for NFL betting players:
Indianapolis Colts @ Cincinnati Bengals
Thursday August 29th, 2019 7:00 PM ET
There’s absolutely no way the Colts’ game is as entertaining as last week’s matchup because of the Chicago Bears. All things considered, the news of Andrew Luck’s retirement had been tweeted away by ESPN’s Adam Schefter in the exact middle of Saturday night’s game, with Luck on the sideline while their teammates and fans slowly discovered of the news. It’s potentially news that is devastating 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 here as back-up quarterback Chad Kelly is quite talented. He’ll play this week and might push for starts if Brissett struggles.
NFL Betting Line: Bengals -3
Philadelphia Eagles @ Brand New York Jets
Thursday August 29th, 2019 7:00 PM ET
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 second-year quarterback Sam Darnold throughout his rookie season. Now he returns to East Rutherford to play a number of good friends and former teammates.
NFL Betting Line: Jets -3
Baltimore Ravens @ Washington Redskins
August 29th, 2019 7:30 PM ET thursday
One of the more appreciated storylines that NFL betting fans will monitor this week is the Ravens’ potential to finish the preseason with a record that is perfect the 4th year in a line. Baltimore is 16-0 over the final four preseasons, which makes them among the most teams that are fun 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 biggest blow of this preseason utilizing the news of Luck’s your retirement, Houston is coping with its own 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 are a significant test for Houston’s backup offensive linemen that need certainly to get ready become called in to action if need for Week 1 of the season that is regular.
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
Thursday August 29th, 2019 8:00 PM ET
Two teams that have been talked about as potential Super Bowl contenders will fulfill in Week 4 associated with the preseason hoping that they’ll fulfill once again on the largest stage of them all. This game will be about giving the fringe players on the roster one more opportunity to showcase their talents for both teams. The emergence of rookie running back Darwin Thompson has made the Chiefs’ running right back situation a little 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 starts by having a unveil of this 2019 Poker Masters schedule. We now know the important thing details of that event, which will include a lot of opportunities for players to win big.
2019 Poker Masters Schedule Revealed
The next edition of the 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 November of this year. 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 the amount of different occasions looking forward to 2020.
The 2019 edition of the Poker Masters will need place into the PokerGO Studio outside of ARIA in Las vegas, nevada from 4-14 november. This year’s schedule will look a lot different than the 2018 edition of the tournament, with more of a concentrate on the games outside of no-limit hold’em. The thing that will remain the same is the $100,000 Main Event, which will look quite similar in some recoverable format to this past year’s primary event.
Keep Memory Alive To Host Second Annual Charity Poker Tournament In September
The Keep Memory Alive organization will host its second Annual Texas Hold’Em 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, every one of the proceeds raised at the occasion will be donated to the Cleveland Clinic Lou Ruvo Center for Brain Health. The hospital shall use the money in its fight against neurodegenerative diseases including Alzheimer’s, Huntington’s, Parkinson’s, Multiple Sclerosis and ALS.
The tournament is going to be open to anybody 21 and over with a $500 initial buy-in. The first-place award payout has been set at $10,000 with a few runner-up prizes including fancy trips, expensive jewelry, and exclusive chef dinners.
With plenty of outstanding awards and plenty of money being donated to an excellent cause, Keep Memory Alive’s annual poker tournament is amongst 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 received a week that is good. He is 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 also his second-biggest job cash after he won over $200,000 in the 2017 World variety of Poker Main Event.
Ostapchenko took a chip that is substantial into the final table and didn’t look straight back. He wasn’t the only big winner as each of the top five finishers in this particular tournament took home upwards of $20,000 while he took home the massive $97K first-place prize. Meanwhile, the Greg ‘Fish’ Fishberg emerged because the big winner of the Big Stax 2500, raking in $40,000 to their already impressive $1.6 million total in all-time tournament cash profits.