
Revel Atlantic City will be referred to as TEN moving forward, as new owner Glenn Straub makes the property for its reopening that is grand in.
Revel Atlantic City is formally no more. The $2.4 billion resort that opened in 2012 simply to close https://myfreepokies.com/dolphin-treasure/ 29 months later got a new owner in 2015, and now it’s obtaining a name that is new.
Glenn Straub, the property developer who paid $82 million for the bankrupt property, has revealed the Revel is called ‘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 have been thrilled to share our brand utilizing 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 were 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 hotel-only center, but was forced to postpone rolling out the red carpeting due to incomplete permits.
Straub seemed to bluff at forgoing his interests in revitalizing the Revel turned TEN, however now he appears recommitted.
The logo that is new the resort has infinity sign underneath the TEN name.
‘Our infinity logo design 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 innovative concept of Straub, or if it came from the public that is general.
Take TEN
Whenever TEN reopens in the quarter that is first of, the resort can look much different than Revel Atlantic City. Straub is transforming the mammoth property to feature household entertainment that is friendly.
Revel was more oriented towards the sexier and more youthful nightclub crowd. Former NFL star Ray Rice brought the resort much unwanted publicity when video footage emerged showing him assaulting his then-fiancé in a Revel elevator in 2014.
Instead of catering to late-night shenanigans, Straub is applying 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, he had beenn’t sure he’d desire to register ’till we obtain a opportunity to clean it up. though he admittedly said’ But New Jersey has been slow, at least based on Straub, in approving licenses for their operation.
The CRDA will review Straub’s latest traffic mitigation plans on September 20, and if approved, TEN could then apply for a certification of occupancy.
TEN Makes Nine, No Eight
It’s no key Atlantic City has been struggling. Four casino resorts have closed since 2014, and a fifth is coming by way regarding the Trump Taj Mahal.
Like Straub, billionaire Carl Icahn had remained positive regarding the future of the beachfront city that is gambling planned to invest greatly in its revitalization.
But come 10, Icahn is folding on the Taj and shuttering the property october. Which will leave just seven casinos in Atlantic City.
Straub’s TEN will return that number to eight if the city approve his gaming permit application. Though he’s prepared to start TEN as a hotel and resort that is recreational gaming stays a target.
‘You have to give me a chance, I’m wanting to assist,’ Straub told the CRDA this month.
Wynn Angered by Revere Slots Parlor Proposal
Steve Wynn’s troubles in Massachusetts continue as he seeks to expand his empire regarding the East Coast.
After a protracted and bidding that is occasionally bad-tempered with Mohegan Sun, Wynn won the bid for hawaii’s final remaining casino license, defeating various municipal legal actions in the act.
Steve Wynn addresses the press in front of a model associated with 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 easy task; the block of land has been contaminated with lead, arsenic and other pollutants for many years plus the clean-up operation is expected to cost the company around $30 million.
It’s no shock that a ballot that is statewide would authorize a slots parlor in Revere, simply three miles from where in actuality the $2.1 billion Wynn Boston Harbor is being built has exasperated the organization.
Wynn Resorts claims that the proposition is really a breach of the 2011 legislation that legalized casino gaming into the state and laid down quotas that are strict the amount of casinos allowed in the state.
Wynn Says It’s ‘Not Fair’
There is strong help for the notion of a casino in Revere, where the historic Suffolk Downs racetrack is based. The racetrack partnered with Mohegan Sun for the casino proposal that went up against Wynn within the licensing bid, and many felt betrayed when it lost.
‘It’s not fair 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 are available now and circumvent the statutory law.’
The requirement to safeguard Suffolk Downs and also the horse that is thoroughbred industry had been 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 permit, and it relies heavily on funding from the state although it has since reopened for limited racing.
‘Slapdash Proposal’
None of this might be Wynn’s fault, and House Speaker Robert DeLeo, one of many architects associated with 2011 bill, agrees that the proposal that is new beyond the pale.
‘I stand in opposition to matter 1 [the ballot],’ DeLeo said. ‘ When we crafted the law, my focus that is main was boosting the economy and creating jobs. Key to that work had been creating an independent Gaming Commission which conducts market that is thorough and then makes informed decisions.
‘This slapdash proposition would upset the deliberate and delicate balance we worked so hard to create.’
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 legislation that is new would overhaul casino licensing protocols in Atlantic City.
He may have about $15 billion significantly less than Carl Icahn, but nj-new Jersey State Senate President Stephen Sweeney has the power that is legislative his part, and is preparing to undertake 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 law that is current how permit holders continue in conclusion and opening casinos.
The bill seeks to disqualify casino license applicants in the event that entity or person behind the bid ‘substantially closed’ a casino home in the previous five years. The definition of ‘substantially shut’ will be defined by the state’s Division of Gaming Enforcement (DGE) and give 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 new title with new labor agreements would qualify as owners who ‘substantially closed.’
The clause makes no key about its intended target, also though it doesn’t directly 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 get rid of $100 million on the undertaking that is entire but other people believe he has more sinister plans.
‘This bill encourages casino owners to help keep their properties open and rebuild Atlantic City rather than keep their license and throw thousands of families to the curb,’ Sweeney said.
Ongoing Labor Disputes
Icahn has been in a battle that is heated the Unite Here Local 54 labor 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, cooks, and housekeepers, demanded the renovation of member health and pension benefits, plus higher hourly wages. A bankruptcy judge allowed Icahn to reduce certain benefits for an interim duration, in order to bring the casino resort away from the red.
But the union, which represents about 1,000 of Taj’s 2,800-employee workforce, ultimately lost its patience and initiated several protests, all of which dropped on deaf ears whenever Icahn would not relent.
‘Icahn Enterprises was willing to endure a tough situation when we thought we could emerge successful,’ Icahn said in a letter to employees. ‘We wish this story could have had a different ending. We does everything we can to handle the closure within the best way possible.’
Sweeney in Retrograde
Some in New Jersey believe Icahn is ‘warehousing’ the casino gambling license, and can reopen the resort under a brand new title, along with a brand new labor force. Sweeney’s bill would prevent him from doing just that.
And irrespective of the fact that SB 2570 is not presently on the books, the Senate president is making sure it would use to Icahn, by including a supply that makes the legislation retroactive to 1, 2016 january.
‘Casino owners really should not be able to misuse bankruptcy legislation and gaming regulations in purchase to warehouse a license or take cash out of the pockets of casino workers and strip them of benefits simply because they will not arrive at a labor agreement with their employees,’ Sweeney told the Press of Atlantic City this week.
Fighting Among Arkansas Casino Ballot Opponents Picking Up Steam
Jerry Cox, president of this Arkansas Family Council, believes that the pro-casino supporters of a Arkansas casino ballot vote is composed of predatory entrepreneurs from Missouri. (Image: thv11.com)
The war of words over Arkansas’ casino ballot heated up this week, since the pro-casino motion requested to have a lawsuit that would block the ballot which was dismissed by the Arkansas Supreme Court.
The Arkansas Winning Initiative (AWI), which wishes voters to amend the constitution to permit up to three casinos into the state, collected over 100,000 signatures in favor of casino gaming, enough to force a referendum under state legislation.
But earlier in the day this anti-casino group the Committee to Protect Arkansas’ Values/Stop Casinos Now filed a lawsuit in the Supreme Court aiming to stop the ballot in its tracks month.
Their filing contends that the language for the ballot misleads the public into believing that activities wagering would be available at the proposed casinos, while the truth is it will be unlawful. It also claims that the ballot doesn’t convey comprehensively to voters the consequences for the measure.
Gaming Monopoly
On Monday, the AWI filed a motion arguing that the anti-casino group has no standing to file the suit that it has been harmed by the decision to hold the ballot vote because it has not shown. Additionally claims that the Supreme Court doesn’t have jurisdiction to hear the 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’ games at their racetracks and currently enjoy a monopoly that is complete gaming in Arkansas.
A theme that is popular 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 happy to expand on as he went toe-to-toe with AWI spokesman Robert Coon on the local present affairs program Arkansas Matters this week.
