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

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

This week’s casino news starts us of in upstate New York where one of the many luxurious, revolutionary casinos is on the verge of bankruptcy. Can the Resorts World Catskills still be conserved?

Resorts World Catskills On Verge Of Bankruptcy

The upstate casino that is largest in nyc is reportedly in the verge of bankruptcy following 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 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 staying shares of this company from the parent company 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 does not take the deal with the Genting Group, it might likely need certainly to apply for Chapter11 bankruptcy to be able to negotiate its debts with creditors.

After projecting $300 million in revenue for 2019, the Resorts World Catskills happens to be on pace to fall almost $100 million short of that mark. It will be interesting to see just what route the Genting Group decides to take m

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Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom

Profit and Loss Take on New Meaning for Swedish Pro Viktor Blom

He is 23, down $3.6 million for the past 30 times; but that’s not terribly unusual for the poker phenom known round the globe to online fans as ‘Isildur1,’ aka Viktor Blom. Following a dazzling two-week online winning streak from the start of this new year, Blom has since fallen back again to a meager $1.5 million, according to HighstakesDB.com, a poker tracking data site. More than $800,000 of those brutal losses occurred in just the previous week, and took place on Comprehensive Tilt poker, the online site he represents as a pro.

High Stakes Is Their Game

It’s all in one day’s benefit the young pro, who is no stranger to uber high-stakes online poker: he caught the breathless attention of poker fans everywhere just four years ago, when in 2009, he had been active in all ten regarding the largest pots in poker online history. Blom had been still playing under wraps by his pseudonym that is online when joined Team PokerStars at the conclusion of 2010, only to possess their real identification revealed when he played live at the annual PokerStars Caribbean Adventure (PCA) in the Bahamas. Blom stayed on the PokerStars roster that is pro 1 1/2 years, moving on to Full Tilt just recently, in October 2012.

Highs and Lows

Blom is no complete stranger to the highs and lows of on-line poker; in their initial cloaked ‘Isildur1’ days, he played top pros like Tom Dwan, Phil Ivey and Patrik Antonius in cash games as big

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