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Gansevoort vegas Set to start in Early 2014

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Gansevoort vegas Set to start in Early 2014

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

Because the recession hit Las Vegas time that is big years ago, it’s been a lengthy dry spell with no new casino openings. Several that were partially built were then abandoned, although a number of those, such as the Echelon-now-Genting-Resorts-World, are on their long ago up.

Luxury Boutique Hotel Set to start in 2014

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

The house in a prime real estate spot right opposite Caesars as well as 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 a history that is interesting as therefore many gambling enterprises do on the Strip.

Special Licenses Required

When casino impressario Michael Gaughan who additionally owns the equine stable-equipped South Point in the far south Strip first bought the 1.7 acre home right back in 1979, he built the Barbary Coast on it, but not without jumping through some hurdles. Continue reading

Silk Road Founder Arrested While Bitcoins Plummet

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Silk Road 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 live-streaming site.

It’s been quite a 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 their handle ‘Dread Pirate Roberts’, but apparently known to the feds just a little more intimately as Ross William Ulbricht- plus the seizure and turn off of this Silk Road web site itself. Silk Road was an exclusively Bitcoin gambling site, well-known to many being an available market for illegal drugs and much more; the web site’s slightly below a million registered users were frequently money launderers, based on the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as the most advanced and extensive criminal marketplace on cyberspace today,’ FBI Special Agent Christopher Tarbell noted within the grievance. Tarbell added that in 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, frequently for things as macabre as hiring hitmen, seeking out computer hackers or purchasing weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile only a few days after the shut down of the site by the feds and the arrest of Ulbricht Bitcoins 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 just under three hours. Continue reading

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