{"id":12431,"date":"2014-01-09T12:36:57","date_gmt":"2014-01-09T20:36:57","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12431"},"modified":"2020-08-13T17:08:21","modified_gmt":"2020-08-14T01:08:21","slug":"second-chances-for-caesars-hard-rock","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/second-chances-for-caesars-hard-rock\/","title":{"rendered":"Second chances for Caesars, Hard Rock"},"content":{"rendered":"

In a bit of good news for Caesars Entertainment<\/strong>, the government of South Korea<\/strong> is considering a relaxation of its casino-bidding rules<\/a>. Specifically, the requirement of a BBB bond rating may be knocked down a bit \"Lovemans<\/a>— and bond ratings are Caesars’ weak underbelly. Gary Loveman<\/strong> isn’t the only big name trying to inch his way into the Inchon<\/strong> casino zone, with his $207 million project. Kazuo Okada<\/strong>‘s Universal Entertainment<\/strong> also was rejected in the early going, but hopes to get back in with a 3,000-room resort of unspecified cost. PNC Holdings<\/strong> is looking to clobber everyone with a $1 billion proposal. While Japan<\/strong> mulls the casino issue to death, South Korea is becoming the new land of opportunity.<\/p>\n

Hard Rock Hotel & Casino Sioux City<\/strong> will get another day in court. The Iowa Supreme Court<\/strong> remanded the suspension of its license<\/a> to Polk County District Court<\/strong>. The license had been stayed at the behest of Penn National Gaming<\/strong>, trying to cling to its Sioux City<\/strong> beachhead. Warner Gaming’s Hard Rock-branded project now gets a new look from a different district-court judge. Warner is $44 million into its project and understandably doesn’t want to leave it exposed to the elements.<\/p>\n

Wrote the Sioux City Journal<\/em>, “In its appeal to the Supreme Court, [Warner and] SCE Partners<\/strong> say [the previous] ruling amounted to an illegal, unconstitutional taking of property, arguing it would\u00a0imperil the $128.5 million project under construction in downtown Sioux City, and expose the developer and others to ‘catastrophic’ damages.” Penn counters that it’s going to lose a $150 million riverboat and 100% of its Sioux City business. Somebody’s going to be heavily out of pocket, whatever happens.<\/p>\n

I never thought I’d live to see the day when MGM Resorts International<\/strong> and Caesars Entertainment<\/strong> were lionized in hard-left In These Times<\/em>. However, both companies’ progressive commitment to using unionized labor forces in Maryland<\/strong> is winning them accolades. For instance, entry-level jobs at MGM National Harbor<\/strong> are expected to come with $17\/hour wages and strong benefit packages. As long as you’re not talking about unionizing dealers, you’ll find receptive ears throughout most of the casino industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a bit of good news for Caesars Entertainment, the government of South Korea is considering a relaxation of its casino-bidding rules. Specifically, the requirement of a BBB bond rating may be knocked down a bit — and bond ratings … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,22,86,72,11,69,38,146],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12431"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=12431"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12431\/revisions"}],"predecessor-version":[{"id":27752,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12431\/revisions\/27752"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}