Gansevoort Las Vegas Set to start in Early 2014

Gansevoort Las Vegas Set to start in Early 2014

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

Considering that the recession hit Las Vegas big time five years back, it is been an extended dry spell without any new casino openings. Several which were partially built were 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 start in 2014

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

The house in a prime real estate spot right opposite Caesars plus the Bellagio, on the corner of Flamingo and the Las Vegas Strip is getting 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 an interesting history, as so many casinos do on the Strip.

Special Licenses Required

When casino impressario Michael Gaughan who also owns the equine stable-equipped South Point in the Strip that is far south first the 1.7 acre property back in 1979, he built the Barbary Coast on it, but maybe not without jumping through some hurdles. After razing a run-down motel that sat on the site, Gaughan had to make an application for special permits through the Clark County commissioners doing one thing unusual: add parking amounts over the ground-floor casino and below the three-story resort, as road parking was out of the concern during the corner that is busy. Continue reading “Gansevoort Las Vegas Set to start in Early 2014”

Silk Path Founder Arrested While Bitcoins Plummet

Silk Path Founder Arrested While Bitcoins Plummet

Bitcoins have been 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 quite a week for Bitcoins in the news; a whammy that is triple actually.

First, there was the arrest by the FBI of Silk path’s founder known online only by his handle ‘Dread Pirate Roberts’, but evidently understood to the feds just a little more intimately as Ross William Ulbricht- and the seizure and shut down of the Silk Road web site itself. Silk Road was an exclusively Bitcoin gambling site, well-known to many as an open market for illegal drugs and more; the web site’s just under a million registered users were frequently money launderers, in line with the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as probably the most sophisticated and extensive unlawful marketplace on the online world today,’ FBI Special Agent Christopher Tarbell noted within the problem. Tarbell added that into the past 2 1/2 years, Silk Road generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, often for things as macabre as employing hitmen, seeking out computer hackers or purchasing weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile just a few days after the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, if the rates for the currency that is digital from $139 per Bitcoin to $109.71 per Bitcoin in only under three hours. Continue reading “Silk Path Founder Arrested While Bitcoins Plummet”