Tricky Rock International doesn’t like what it sees within the Trump that is former Taj in Atlantic City, which the company purchased in March for $50 million.
Tricky Rock Chairman Jim Allen, a former trump entertainment resorts employee, is now tasked with renovating his previous boss’s grand vision in Atlantic City.
Billionaire Carl Icahn’s bargain cost selloff meant the complex Rock was acquiring a Boardwalk property for cents on the buck, as former casino developer turned US President Donald Trump built the resort for $1.2 billion in 1990.
But upon closer examination, Hard Rock officials say it’s likely to price a pretty penny to refresh the 2,010-room resort and video gaming area, and rid it of an India-themed décor.
‘The amount of cash we’re going to have to spend to eliminate all those minarets and all that purple, Jesus! Exactly What were we thinking?’ Hard Rock Chairman Jim Allen told the Associated Press this week.
The minarets Allen refers to are the spire and crowns that are onion-shaped ornaments discovered 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 cost, Hard Rock professionals state the initial budget of $350 million will not be nearly enough to trnsform the space into an effective rough Rock Hotel & Casino. Allen estimated that the pro
Negotiators from both chambers met Wednesday to try to thrash out a compromise on their diametrically opposed positions before the May 5 deadline.
Tribe Takes on Texas in Bingo Parlor Fight
Your house has proposed offering the tribe nothing new in exchange for payments to the continuing state totaling $3 billion within the next seven years. The Senate bill is a wide-ranging gambling expansion package that would charge the Seminoles exactly the same fee throughout the same timeline but also for the directly to offer craps and roulette, along with the blackjack games permitted under the terms of this compact that is previous.
Meanwhile, the right to offer blackjack would expand to parimutuel venues, while slots is allowed in certain states.
Huge Home Compromise
But it seems that the home had been the first to blink on Wednesday, establishing forth several compromise proposals, including one which allows one new casino in Miami-Dade and grant the Seminoles additional exclusivity on craps and roulette at their seven casinos. that is existing.
Also on the dining table was a proposal that will allow a cut within the slot machine tax for Seminoles and pari-mutuels if they, in turn, agree to cut the true number of slot machines.
They are some pretty concessions that are big considering that the