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Casino News – Resorts World Catskills In Trouble, No Casinos For Chicago, Tough Rock Las Vegas Closing For Renos

Casino News – Resorts World Catskills In Trouble, No Casinos For Chicago, Tough Rock Las Vegas Closing For Renos

This week’s casino news starts us of in upstate New York where among the many 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 largest upstate casino in New York is reportedly in the verge of bankruptcy adhering to a couple of years in which it absolutely was unable to generate profits. In accordance with the report, the Resorts World Catskills was hit with a $36 million loss in the quarter that is last. The organization is seriously considering bankruptcy that is claiming 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 company that is publicly-traded the $1 billion casino in Monticello suffered operating losses of $73.5 million through the conclusion of June. If Empire Resorts doesn’t take the deal with the Genting Group, it would likely need certainly 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 quick of that mark. It will be interesting to see 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 analysis that is independent on potential casinos within the Chicago area has revealed that there is major danger associated with any projects in the city because of the ‘highest effective gaming tax and fee structure into the United States’. Union Gaming Analytics, the company that assembled the report, investigated the possible perspective for casinos in the area after Chicago Mayor Lori Lightfoot supply her idea for the new task. Union Gaming Analytics was paid $100,000 to review five prospective sites in Chicago as prospective casino locations.

A decommissioned hospital edged out a tennis 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. But, the report noted that the location didn’t matter as the proposed gross tax rate of 72 percent would keep any gambling center from ever getting off the ground. Whether or perhaps not Chicago officials opt to revisit the taxation rates in the populous city in wake of the report is another tale entirely. For now, it appears as though any prospective casino initiatives in the city will be put 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 associated with 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 will totally shut down operations for two-thirds of the year to make substantial modifications 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 according to 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’s typically the one where teams care the least as the regular season is not as much as two weeks away. However, some position battles are still ongoing. Here is an examine five key games to keep an eye on for NFL wagering players:

Indianapolis Colts @ Cincinnati Bengals

August 29th, 2019 7:00 PM ET thursday

There is no real way the Colts’ game will likely be as entertaining as last week’s matchup with all the Chicago Bears. In the end, the news of Andrew Luck’s retirement had been tweeted away by ESPN’s Adam Schefter in the center of night’s game, with Luck on the sideline while his teammates and fans slowly learned of the news saturday. It’s potentially news that is devastating an Indianapolis part that went from legitimate Super Bowl contender with play wheres the gold for free Luck under center to fringe playoff contender with Jacoby Brissett as the beginner on paper.

Still, there’s some intrigue here as backup 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 @ 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. While Carson Wentz is still on track to be equipped for Philadelphia in Week 1, McCown will get another crack at game action this week and it surely will come against their former team. McCown helped mentor quarterback that is second-year Darnold throughout his rookie season. Now he returns to East Rutherford to try out lots of friends and former teammates.

NFL Betting Line: Jets -3

Baltimore Ravens @ Washington Redskins

Thursday August 29th, 2019 7:30 PM ET

One of the more 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 row. Baltimore is 16-0 over the final four preseasons, which makes them one of many most teams that are fun bettors to follow and root for at the moment of the season. 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 with the news of Luck’s retirement, Houston is dealing with unique issues. The Texans lost running back Lamar Miller to a torn ACL. There is also 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 a significant test for Houston’s backup offensive linemen that have to prepare yourself to be called in to action if need for Week 1 of the regular season.

As for the Rams, they have actually rested their starters 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 which were talked about as potential Super Bowl contenders will satisfy in Week 4 regarding the preseason hoping them all that they will meet again on the biggest stage of. For both groups, this game is going to be about offering the fringe players on the roster one more chance to showcase their talents. The emergence of rookie running back Darwin Thompson has made the Chiefs’ running 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 by having a unveil for the 2019 Poker Masters schedule. We now know the important thing details of 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 simply 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 a quantity of different events looking forward to 2020.

The 2019 version of the Poker Masters will take place into the PokerGO Studio outside of ARIA in nevada from 4-14 november. This season’s routine will look plenty different than the 2018 edition with this tournament, with more of a focus on the games outside of no-limit hold’em. The one thing that will remain the exact same is the $100,000 Main Event, which will look quite similar in some recoverable format to year that is last primary event.

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, all of the proceeds raised at the event shall be donated to the Cleveland Clinic Lou Ruvo Center for Brain Health. The hospital shall make use of the profit its fight against neurodegenerative conditions including Alzheimer’s, Huntington’s, Parkinson’s, Multiple Sclerosis and ALS.

The tournament will likely be available to anybody 21 and over with a $500 initial buy-in. The prize that is first-place was 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 a cause that is excellent 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 received a good week. He’s the winner that is biggest 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 live victory. It was additionally their second-biggest job cash after he won over $200,000 into the 2017 World number of Poker Main Event.

Ostapchenko took a substantial chip lead into the last table and didn’t look straight back. While he took house the massive $97K first-place prize, he wasn’t the just big winner as each of the top five finishers in this kind of tournament took house well over $20,000. Meanwhile, the Greg ‘Fish’ Fishberg emerged while the big champion of the Big Stax 2500, raking in $40,000 to their currently impressive $1.6 million total in all-time tournament cash earnings.