Revel Atlantic City Rebrands, as Glenn Straub Names the Resort ‘TEN’
Revel Atlantic City will be referred to as TEN moving forward, as new owner Glenn Straub prepares the property for its grand reopening in 2017.
Revel Atlantic City is officially no more. The $2.4 billion resort that started in 2012 and then close 29 months later on got a new owner in 2015, and now it’s finding a new title.
Glenn Straub, the estate that is real who paid $82 million for the bankrupt property, has revealed the Revel will likely be referred to as ‘TEN’ when it opens its doors in early 2017.
‘It’s what’s next in Atlantic City,’ TEN CEO Robert Landino told the Press of Atlantic City. ‘We are thrilled to share our brand with all the public and to introduce an era that is new of and entertainment.’
Straub and his Polo that is florida-based North Club development business have been at odds with New Jersey’s Casino Reinvestment Development Authority (CRDA) and Division of Gaming Enforcement (DGE) for months. Straub sought to reopen the resort in June as a facility that is hotel-only but was forced to postpone rolling down the red carpet due to incomplete permits.
Straub seemed to bluff at forgoing his interests in revitalizing the Revel turned TEN, but now he appears recommitted.
The logo that is new the resort features an infinity sign underneath the TEN name.
‘Our infinity logo represents our mission to provide the highest-rated amenities and our day to day try to offer an infinitely perfect escape for our guests, families and organizations,’ Landino concluded.
Straub had promised $10,000 to the person who could think of a name that is winning the Revel overhaul. It’s unclear if TEN is the imaginative concept of Straub, or if it originated from the public.
Whenever TEN reopens in the quarter that is first of, the resort will look much different than Revel Atlantic City. Straub is transforming the mammoth home to feature household friendly activity.
Revel was more oriented towards the sexier and more youthful nightclub crowd. Former NFL star Ray Rice brought the resort much undesirable publicity when video clip footage emerged showing him assaulting his then-fiancé in a Revel elevator in 2014.
Instead of catering to late-night shenanigans, Straub is implementing a ropes course and 13-story endurance track that is bicycling.
Straub planned to open 900 of Revel’s 1,399 rooms on June 15, though he admittedly stated he wasn’t sure he’d want to check in ’till we obtain a possiblity to clean it up.’ But New Jersey has been slow, at least in accordance with Straub, in approving licenses for their operation.
The CRDA will review Straub’s latest traffic mitigation plans on September 20, and then apply for a certificate of occupancy if approved, TEN could.
TEN Makes Nine, No Eight
It’s no Atlantic that is secret City been struggling. Four casino resorts have actually closed since 2014, and a fifth is coming by way of this Trump Taj Mahal.
Like Straub, billionaire Carl Icahn had remained positive on the future of the beachfront city that is gambling planned to invest heavily in its revitalization.
But come October 10, Icahn is folding in the Taj and shuttering the house. That may leave just seven casinos in Atlantic City.
Straub’s TEN will return that true number to eight should the city approve his gaming license application. Though he’s ready to start TEN as a hotel and leisure resort, video gaming remains a target.
‘You have to give me personally a chance, i am trying to assist,’ Straub told the CRDA this month.
Wynn Angered by Revere Slots Parlor Proposal
Steve Wynn’s problems in Massachusetts carry on as he seeks to expand his empire in the East Coast.
After a protracted and occasionally bad-tempered bidding war with Mohegan Sun, Wynn won the bid for their state’s last remaining casino license, defeating various municipal lawsuits free online slots dolphin treasure in the process.
Steve Wynn addresses the press in front side of a model of the Wynn Boston Harbor. But will Massachusetts residents vote to authorize a slots parlor just three kilometers away? (Image: Jessica Rinaldi/Boston World)
Wynn Resorts is now getting down to the business of transforming a former chemical plant into a shiny new waterfront casino.
It’s no task that is easy the parcel has been contaminated with lead, arsenic and other pollutants for decades while the clean-up operation is expected to cost the company around $30 million.
It’s no surprise that a ballot that is statewide would authorize a slots parlor in Revere, just three miles from where in fact the $2.1 billion Wynn Boston Harbor is being built has exasperated the business.
Wynn Resorts claims that the proposal is a violation of the 2011 legislation that legalized casino gaming into the state and laid down quotas that are strict the quantity of casinos allowed in the state.
Wynn Says It’s ‘Not Fair’
There is strong help for the thought of a casino in Revere, where the historic Suffolk Downs racetrack is situated. The racetrack partnered with Mohegan Sun for the casino proposition that went up against Wynn within the licensing bid, and many felt betrayed when it lost.
‘It’s not reasonable to Wynn Resorts,’ said Robert DeSalvio, senior VP of development at Wynn, told the Boston Globe this week. ‘We arrived to Massachusetts understanding there would be three casinos and one slots parlor under state law, not three casinos and two slots parlors. Someone shouldn’t appear in now and circumvent the law.’
The need to safeguard Suffolk Downs and also the thoroughbred horse racing industry was one of the primary motivations for the 2011 act that legalized casino gaming in Massachusetts.
Suffolk Downs was forced to close when Wynn won the license, and although it has since reopened for limited racing, it relies heavily on funding from hawaii.
None of this is certainly Wynn’s fault, and House Speaker Robert DeLeo, among the architects of the 2011 bill, agrees that the new proposal is beyond the pale.
‘I stand in opposition to Question 1 [the ballot],’ DeLeo said. ‘ As soon as we crafted the law, my focus that is main was boosting the economy and creating jobs. Key to that work was creating an independent Gaming Commission which conducts market that is thorough and then makes informed decisions.
‘This slapdash proposition would upset the deliberate and balance that is delicate worked so hard to produce.’
New Jersey Senate President Stephen Sweeney Goes After Carl Icahn in New Casino Regulatory Bill
Nj-new jersey State Senate President Stephen Sweeney (D-District 3) has introduced new legislation that would overhaul casino licensing protocols in Atlantic City.
He may have about $15 billion less than Carl Icahn, but New Jersey State Senate President Stephen Sweeney has the legislative power on their side, and is ready to accept the casino designer. (Image: Tony Kurdzuk/The Star-Ledger)
Senate Bill 2575, that has been introduced concurrently with Assemblyman John Burzichelli’s (D-District 3) Assembly Bill 4187 in identical text and language, would amend the current law on how license holders continue in closing and opening casinos.
The bill seeks to disqualify casino license applicants in the event that person or entity behind the bid ‘substantially closed’ a casino property in the previous five years. The definition of ‘substantially closed’ would be defined by the state’s Division of Gaming Enforcement (DGE) and provide extra powers to the gaming authority that is regulatory.
The text of SB 2575 implies that operators who intentionally close a casino with plans to later reopen the location under a brand new name with new labor agreements would qualify as owners who ‘substantially closed.’
The clause makes no key about its intended target, even though it doesn’t straight reference Carl Icahn or the soon-to-shutter Trump Taj Mahal. After a nasty labor dispute, the billionaire announced the casino resort would be closing on October 10.
The Taj shutdown will mark Atlantic City’s fifth casino closing since 2014. Icahn says he stands to reduce $100 million on the entire undertaking, but other people believe he has more sinister plans.
‘This bill encourages casino owners to help keep their properties open and rather rebuild Atlantic City than keep their license and throw thousands of families to the curb,’ Sweeney said.
Ongoing Work Disputes
Icahn happens to be in a heated battle with the Unite Here regional 54 work union that works during the Trump Taj Mahal. The billionaire developer acquired the flailing property in by purchasing Trump Entertainment Resorts february.
The union, which represents bartenders, wait staff, chefs, and housekeepers, demanded the restoration of member health and pension benefits, plus higher hourly wages. A bankruptcy judge allowed Icahn to reduce certain benefits for the interim duration, in purchase to bring the casino resort out of the red.
But the union, which represents about 1,000 of Taj’s 2,800-employee workforce, eventually lost its persistence and initiated protests that are several all of which fell on deaf ears whenever Icahn wouldn’t relent.
‘Icahn Enterprises was ready to endure a situation that is tough we thought we’re able to emerge successful,’ Icahn said in a page to workers. ‘We wish this story could have had a different ending. We is going to do everything we can to control the closure within the simplest way possible.’
Sweeney in Retrograde
Some in New Jersey believe Icahn is ‘warehousing’ the casino gambling license, and will reopen the resort under a new title, sufficient reason for a labor force that is new. Sweeney’s bill would prevent him from doing just that.
And regardless of the very fact that SB 2570 is not presently regarding the books, the Senate president is making certain it would use to Icahn, by including a supply that makes the legislation retroactive to January 1, 2016.
‘Casino owners must not be able to misuse bankruptcy rules and gaming regulations in purchase to warehouse a license and take cash out of the pockets of casino workers and strip them of benefits simply because they refuse to arrived at a labor agreement with their workers,’ Sweeney told the Press of Atlantic City this week.
Fighting Among Arkansas Casino Ballot Opponents Picking Right Up Steam
Jerry Cox, president for the Arkansas Family Council, believes that the pro-casino supporters of a Arkansas casino ballot vote is composed of predatory businessmen from Missouri. (Image: thv11.com)
The war of words over Arkansas’ casino ballot heated up this week, once the movement that is pro-casino to have a lawsuit that would block the ballot that has been dismissed by the Arkansas Supreme Court.
The Arkansas Winning Initiative (AWI), which wishes voters to amend the constitution to allow up to three casinos into the continuing state, collected over 100,000 signatures in favor of casino video gaming, sufficient to force a referendum under state law.
But previously this month, anti-casino group the Committee to Safeguard Arkansas’ Values/Stop Casinos Now filed a lawsuit in the Supreme Court looking to stop the ballot in its tracks.
Their filing contends that the language of the ballot misleads the public into believing that sports gambling would be available at the proposed casinos, while in reality it shall be illegal. It also claims that the ballot does not convey comprehensively to voters the consequences regarding the measure.
On Monday, the AWI filed a motion arguing that the anti-casino group has no standing to file the suit because it has not shown that it is harmed by your decision to hold the ballot vote. Additionally claims that the Supreme Court won’t have jurisdiction to know the actual situation.
Last week, Arkansas’ current gaming industry, which consists of Oaklawn Racing and Gaming and Southland Park Gaming and Racing became an ally that is unlikely of state’s anti-gambling teams, donating $109,500 towards the cause. Oaklawn and Southland offer ‘skill-based’ video gaming at their racetracks and currently enjoy a complete monopoly on gaming in Arkansas.
A popular theme is developing within the anti-ballot movement’s rhetoric, which sees AWI as ‘out-of-state’ entrepreneurs, preying on Arkansas.
It was this theme that Jerry Cox, president of the Arkansas Family Council was very happy to expand on as he went toe-to-toe with AWI spokesman Robert Coon regarding the regional affairs that are current Arkansas Matters this week.