Oakland Raiders Get New Stadium Proposal in Bay Area

Oakland Raiders Get New Stadium Proposal in Bay Area

The Oakland Raiders are ready to pack their bags for Las Vegas, but one private investment firm is hoping to persuade the storied franchise to stay placed in Ca.

Mark Davis wants to move their Oakland Raiders to Las Vegas, but investors in the Bay Area are hoping he reconsiders.

Fortress Investment Group, a publicly traded investment management firm based in ny City, is working together with former NFL celebrity and Hall of Fame user Ronnie Lott to preserve the Raiders in the Bay Area. This week, the organization resubmitted plans up to a develop a new 55,000-seat arena to keep owner Mark Davis in town.

The proposal is rumored to price $1.3 billion, and you will be funded through Fortress putting up $600 million, the NFL and Raiders investing $500 million, and the City of Oakland funding $200 million. The football that is pro confirmed to media outlets that it had received the submission.

The same group formerly presented a similar proposition, but the NFL rejected it on grounds that more information ended up being required.

Vegas Calls Bluff

While there are many Las Las vegas locals who’re lower than enthused about the possibility of a NFL group calling town home, the local government mainly appears to help the Oakland Raiders coming to the Mojave Desert.

Nevada has committed $750 million to building a 65,000-seat stadium that is domed steps through the Strip. The money shall have raising the hotel occupancy tax in Cl Continue reading “Oakland Raiders Get New Stadium Proposal in Bay Area”

Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold

Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold

Atlantic City gambling enterprises are when once again thoroughly enjoying counting their month-to-month earnings bounty. So that as had been the case in previous months, in February it was online gambling that kept the seven remaining land-based venues in the black.

Originally known as the Golden Nugget and famed for its commercials starring owner Steve Wynn (left) and Frank Sinatra, the Atlantic Club is poised for yet another makeover after on the market week that is last.

Total gaming win for February came in at $205.36 million, a feeble 0.3 percent gain compared to the $204.7 million Atlantic City collected in the month that is same 2016. But when the shuttered Trump Taj Mahal’s previous 12 months take is eliminated, the nevertheless in business resorts were up 6.6 %.

And that’s only because of on the web gambling where New Jersey residents provided $18.7 million to casinos, a nearly 27 percent increase that is year-over-year. Table games were down at the brick-and-mortar casinos, but slot play win was up 1.5 percent.

Borgata again led the way with almost $62 million in casino and internet gaming win. Tropicana came in a distance second with $31.5 million.

AC Adapters

Five casinos have closed since 2014, but the ‘Gambling Capital of the East Coast’ is currently in the middle of finding some sort of brand new norm. Gaming revenues have actually stabilized, and there exists a little bit of enth Continue reading “Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold”

Paddy Power Betfair Revenues Soar But Merger Costs Hurt Bottom Line

Paddy Power Betfair Revenues Soar But Merger Costs Hurt Bottom Line

Paddy energy Betfair on Monday reported revenues were up by 89 percent during its first year as a company that is merged despite expenses connected with the merger that ultimately dragged straight down its bottom line.

Paddy Power Betfair chief Breon Corcoran is bullish about the business’s prospects. The integration associated with two giants that are betting running in front of schedule, he said.

While revenues soared to £1.5 billion ($1.83 billion) in 2016, these figures had been tempered by one-off merger-related re payments of £116 million ($141 million), which weighed heavily on its running profits.

These were down to £15 million ($18 million) from £125 million ($152 million) an earlier year.

Since Paddy energy and Betfair only finalized their £7 billion ($8.5 billion) merger in February 2016, needless to say, relative figures for 2015 are calculated as though they had been merged entities in that 12 months.

On The Web Betting Monster

Paddy Power and Betfair created one of the biggest, if you don’t the biggest, online gambling powerhouses into the globe when they agreed terms to join forces in September 2015.

And Breon Corcoran, chief executive of the company that is enlarged stated Monday that the utilization of the merger, and the integration of this two organizations, had been ahead of schedule.

‘2016 was a year that is transformational Paddy Power Betfair with a lot Continue reading “Paddy Power Betfair Revenues Soar But Merger Costs Hurt Bottom Line”

Maryland Live Back at the Top After Taking Wind Out of MGM Nationwide Harbor’s Sails

Maryland Live Back at the Top After Taking Wind Out of MGM Nationwide Harbor’s Sails

Maryland Live is once again the top casino in the state following the Arundel Mills resort generated more gaming revenue during the month of February than its new rival MGM nationwide Harbor.

Maryland Live, billed as the family friendly casino compared to MGM National Harbor, saw the gambling money that is most come through its doors during February.

Collectively, the state’s six casinos pulled in $128.7 million in gross gaming win, Maryland’s second-best performance that is all-time. The record mark came in December after the grand opening of National Harbor led to a victory of $133.5 million.

Maryland Live’s revenue totaled $46.29 million month that is last narrowly edging MGM’s property that sits simply outside Washington, DC, at $45.77 million. The two casinos represented the lion’s share of gaming income, with Horseshoe Baltimore coming in a distant third with $22 million.

Three smaller regional gambling facilities, Hollywood Casino Perryville, Rocky Gap Casino Resort, and also the Casino at Ocean Downs, posted a combined $14.6 million.

The Cordish Companies, the parent organization of Live that is headquartered in Maryland, credited its ‘family approach’ for the property retaking the top spot. In a statement the group additionally says being locally owned enables it to provide a better experience to clients, in what’s truly a slight jab at MGM.

Mixed Results

The February gambling report Continue reading “Maryland Live Back at the Top After Taking Wind Out of MGM Nationwide Harbor’s Sails”