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Gambling in the USA

Guest Hits $400,000 Jackpot at Seminole Hard Rock Hotel & Casino Hollywood

George Miller

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Guest Hits $400,000 Jackpot at Seminole Hard Rock Hotel & Casino Hollywood
Photo Source: hardrockhotels.com
Reading Time: 2 minutes

 

One lucky guest at Seminole Hard Rock Hotel & Casino Hollywood went into Independence Day weekend a big winner. A local South Florida resident, who requested to remain anonymous, hit a jackpot for $400,000 on the “Game King Multi-Game” on Wednesday, July 3, at approximately 5:30 p.m.

From April 2019 to June 2019, Seminole Hard Rock Hollywood paid out an average of more than $50 million in jackpots each month.

Seminole Hard Rock Hollywood will debut its $1.5 billion expansion on Thursday, Oct. 24, which will include new gaming space. The expansion of the casino gaming floor will bring nearly 200 table games and more than 3,000 slot machines to Seminole Hard Rock Hollywood. The new, 30,000-square-foot casino will include a new High Limit Slots room with denominations ranging from $1 to $1,000, and new non-smoking gaming rooms for both slots and high-limit slots. Additions also include a 45-table Poker Room with an eight-table semi-private area, and feature a tournament table with elevated stadium seating for guests of players to catch the action. Poker Room amenities include a deli with delicious grab-and-go selections and a private cage with three windows for accessibility, with convenient access from the resort’s promenade.

 

About Seminole Hard Rock Hotel & Casino Hollywood:

Seminole Hard Rock Hotel & Casino Hollywood is the flagship casino resort of Hard Rock International, owned by the Seminole Tribe of Florida.  It isa world-renowned entertainment, gaming and hospitality destination that features a AAA Four Diamond-rated, 465 room luxury hotel; expansive gaming offerings including first-in-class slots, high-stakes table games and South Florida’s premier poker room; spa and fitness center; award-winning dining and nightlife; and the popular Hard Rock Event Center which hosts celebrity performances, comedy acts and sporting events. A $1.5 billion expansion slated to open October, 2019, will bring 638 new, luxury guestrooms to the first-ever, guitar-shaped Guitar Hotel and 168 upscale guest accommodations, including unique swim-up suites, in the  adjacent Oasis Tower at Seminole Hard Rock Hotel & Casino Hollywood. Upon completion, the property will have a combined total of 1,271 rooms. The project will also unveil a lush, “Bora Bora” style lagoon with private cabanas and butler service; a 42,000 square-foot Rock Spa®; a 13.5 acre recreational water experience for swimming, kayaking and paddle boarding; 19 dining outlets and 20 bars and lounges; an expansive gaming floor housing 3,100 slots, 193 table games and a 45-table poker room; 120,000 square feet of premier meeting and convention space including a 38,000 square-foot, carpeted exhibition hall; and a 26,000 square-foot retail promenade.  The highly anticipated Hard Rock Live entertainment venue with a 7,000 person capacity, will showcase A-list entertainers, comedy acts, Broadway performances, sporting events and live broadcast productions. The integrated resort is located on 87 acres of the Hollywood SeminoleReservation along State Road 7, (U.S. Highway 441), and is 10 minutes from Fort Lauderdale/Hollywood International Airport and 30 minutes from downtown Miami and Miami International Airport.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan

Niji Narayan

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Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan
Reading Time: 1 minute

 

The leaders of Oklahoma-based Cherokee, Chickasaw, Choctaw, Muscogee (Creek) and Seminole nations have approved a resolution denouncing the new Republican governor’s plan to force negotiations for a bigger slice of revenue from Oklahoma’s tribal casinos.

The Inter-Tribal Council of the five civilised tribes approved the resolution during a meeting in Tulsa.

Last week, Gov. Kevin Stitt said that the existing compacts should be reevaluated now that the gambling industry has matured in Oklahoma.

Tribal leaders and the governor disagree over what triggers a 15-year renewal of the compacts.

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Compliance Updates

Sports Betting Becomes Legal in New Hampshire

Niji Narayan

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Sports Betting Becomes Legal in New Hampshire
Photo Source: reviewjournal.com
Reading Time: 1 minute

 

New Hampshire has become the latest U.S. state to legalise sports gambling. Gov. Chris Sununu signed into law a measure that legalises betting on professional sports and most Division I college sports, excluding games involving New Hampshire schools. The state Lottery Commission will regulate the new industry.

“We can do it with a lot of confidence because it’s being done responsibly, and it’s being done with an organization here at the lottery that just knows what they’re doing. They know how to get this stuff off the ground,” Sununu said.

Opponents had argued sports betting would continue the state’s reliance on problematic revenue sources, including alcohol and cigarettes, the so-called “sin taxes.” But supporters argued legalising of sports betting will bring black-market activity to the surface and provide support for problem gamblers through a new organisation focused on education, prevention and treatment.

“I’m happy we’re bringing an illicit activity into the light for our citizens of New Hampshire and allowing for some consumer protections,” Rep. Timothy Lang said. He called it a win for residents, communities, the state and public education.

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Gambling in the USA

Twin River Worldwide Signs Agreement to Acquire Two Casinos from Eldorado Resorts

Niji Narayan

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Twin River Worldwide Signs Agreement to Acquire Two Casinos from Eldorado Resorts
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Twin River Worldwide Holdings has entered into a definitive agreement to acquire the Isle of Capri Casino in Kansas City and Lady Luck Casino in Vicksburg from Eldorado Resorts in a cash transaction for $230 million.

The purchase price represents an implied trailing twelve month proforma earnings before interest, taxes, depreciation and amortisation multiple of approximately 8.4× for the properties on a combined basis.

“This transaction continues our focus on creating long-term shareholder value as we strive to develop or acquire assets which we believe will prove accretive to our earnings,” George Papanier, President and CEO of TRWH said.

“Isle Kansas City and Lady Luck Vicksburg expand our geographic footprint with assets in attractive markets. We believe these assets are a great fit for our portfolio and see the opportunity to increase the net cash flow from these properties by our redevelopment and operating plans. In particular, in Kansas City, where the property lies within an area near downtown that has been targeted by local officials for development, we feel there is opportunity for capital investment in the property which we believe will have a transformative impact and integrate well with local development efforts in the area,” George Papanier added.

The transaction is subject to receipt of required regulatory approvals and is expected to close in early 2020.

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