Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Hard Rock to Roll Dice on Trump Taj Mahal, Upping Renovation Budget to $500 Million

Intense Rock International doesn’t like what it sees inside the previous Trump Taj Mahal in Atlantic City, which the company purchased in March for $50 million.

Rough Rock Chairman Jim Allen, A trump that is former entertainment employee, is now tasked with renovating his previous boss’s grand vision in Atlantic City.

Billionaire Carl Icahn’s bargain cost selloff intended the Hard Rock was acquiring a Boardwalk home for cents on the dollar, as former casino developer turned US President Donald Trump built the resort for $1.2 billion in 1990.

But upon closer assessment, tough Rock officials state it’s going to price a pretty penny to refresh the 2,010-room resort and gaming area, and rid it of an India-themed décor.

‘The amount of money we’re going to have to invest to eliminate all those minarets and all that purple, Jesus! Just What were we thinking?’ Hard Rock Chairman Jim Allen told the Associated Press this week.

The minarets Allen refers to would be the spire and crowns that are onion-shaped ornaments found around the Trump Taj Mahal.

Hard Rock Ups Ante

Though the company owned by the Seminole Tribe in Florida got a premiere spot on the Atlantic City Boardwalk for a rock-bottom price, Hard Rock professionals state the initial budget of $350 million will not be nearly enough to trnsform the room into an effective tricky Rock Hotel & Casino. Allen estimated that the project’s

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Las Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

Las Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

The Las Vegas Raiders have completed their purchase of 62 acres of land between Russell Road and Hacienda Avenue, just west of Interstate 15 plus the famed Strip.

Sold! The 62 acres of land between Hacienda Avenue to the north and Russell Road towards the south will act as the future home for the Las Vegas Raiders.

The NFL team purchased a total of four parcels for a sale that is combined of $77.5 million, or $1.25 million per acre. That is a significant premium for the sellers, as the land’s assessed value was $40 million.

Nevada Land Group, LLC, ended up being the seller, number of banking institutions that acquired the property in foreclose in 2008. The vacant land is adjacent to I-15 behind Mandalay Bay.

The home would be the future home of the $1.9 billion, 65,000-seat NFL arena which is partially built with tax dollars created from hotel stays in Clark County. As well as Nevada’s $750 million commitment, Raiders owner Mark Davis’ franchise shall be in the hook for the remaining $1.15 billion.

‘This site was not one of those originally mentioned,’ Michael Parks, a realtor that is commercial brokered the deal, told theLas Las Vegas Review-Journal. ‘Through many months of reaching out … and making certain they were aware this web site was available, they decided this had been their favored site. Now they’ve actually written a check … they can move ahead making use of their p

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Britain’s ‘Rich List’ Crowns Gambling Industry’s Wealthiest Royalty

Britain’s ‘Rich List’ Crowns Gambling Industry’s Wealthiest Royalty

The edition that is latest of the UK’s ‘Rich List,’ published yearly by the Sunday Times, shows the blended wealth of Britain’s gambling industry high rollers has grown by almost 20 percent within the previous year.

Publicity shy multibillionaire brothers David and Simon Reuben, the third-richest people in Britain and 60th in the world, according to the UK’s Sunday Times ‘Rich List’ for 2017. They Arena that is own Racing, which operates 15 of Britain’s racecourses.

The annual index of the Her Majesty’s most moneyed subjects demonstrates the five gambling industry billionaires and 15 multimillionaires who made this year’s list have seen their collective wealth grow by almost £3 billion ($3.88 billion) to £19 billion ($25 billion). In fact, all but two saw a rise in wealth, unlike Her Royal Highness Queen Elizabeth, who slipped out of the utmost effective 300 for the time that is first ( perhaps not that she’s in any danger of eating nothing but porridge).

Topping the UK’s gaming tycoon set are brothers David and Simon Reuben, who saw their net worth rise by $900 million ($1.6 billion) to $14 billion ($18 billion) last year, making them the pair that is third-richest inside their county. The notoriously personal brothers Arena that is own Racing, which operates 15 of Britain’s battle tracks.

Most of the brothers’ fortune was acquired maybe not from their thoroughbreds, however. The house market

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