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Gansevoort Las Vegas Set to Open in Early 2014

Gansevoort Las Vegas Set to Open in Early 2014

The former Bill’s Gamblin’ Hall (seen here) is being changed completely into the Gansevoort Las Vegas for an early 2014 opening

Considering that the recession hit Las Vegas time that is big years ago, it is been a long dry spell without the new casino openings. Several which were partially built had been then abandoned, although a number of those, such as the Echelon-now-Genting-Resorts-World, are on their in the past up.

Luxury Boutique Hotel Set to Open in 2014

But before that behemoth is completed, a smaller but nevertheless very visible property will be making its first: the formerly tacky Barbary Coast-turned-Bill’s-Gamblin’-Hall that is being changed in to the Gansevoort Las Vegas for an earlier 2014 opening.

The home in a prime property spot right opposite Caesars as well as the Bellagio, on the corner of Flamingo and the vegas Strip gets its makeover courtesy of Caesars Entertainment Corp. (whose spending habits, inspite of the greatest debt ratio in the gambling industry, makes any sugar daddy’s girlfriend look frugal) and W.A. Richardson Builders.

The property has a history that is interesting as so many casinos do on the Strip.

Special Licenses Required

Whenever casino impressario Michael Gaughan who also owns the equine stable-equipped South Point regarding the far south Strip first purchased the 1.7 acre property back in 1979, he built the Barbary Coast on it, but perhaps not without jumping through some hurdles. After razing a run-down motel that sat on the site, Gaughan had to submit an application for special permits through the Clark County commissioners to accomplish one thing unusual: add parking amounts over the ground-floor casino and below the three-story resort, as road parking was away from the question at the busy part. (más…)

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Silk Path Founder Arrested While Bitcoins Plummet

Silk Path Founder Arrested While Bitcoins Plummet

Bitcoins are in the news, between the shut down of Silk Road,a plummet in exchange rates, and a new site that is live-streaming.

It’s been a significant week for Bitcoins into the news; a whammy that is triple actually.

First, there was the arrest by the FBI of Silk Road’s founder known online only by his handle ‘Dread Pirate Roberts’, but apparently understood to the feds a little more intimately as Ross William Ulbricht- and also the seizure and power down of this Silk Road web site itself. Silk Road was an exclusively Bitcoin site that is gambling well-known to numerous being an open market for illegal drugs and more; the site’s just below a million registered users were often money launderers, based on the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as the most sophisticated and extensive marketplace that is criminal the web today,’ FBI Special Agent Christopher Tarbell noted within the issue. Tarbell added that within the past 2 1/2 years, Silk Road generated some $1.3 billion worth of equivalent Bitcoin trades and netted $85 million in commissions for itself, frequently for things as macabre as employing hitmen, looking for computer hackers or buying weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile only a few days following the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, once the rates for the digital currency dropped from $139 per Bitcoin to $109.71 per Bitcoin in only under three hours. (más…)