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 only to shut 29 months later got a new owner in 2015, and now it’s finding a name that is new.
Glenn Straub, the real-estate developer who paid $82 million for the bankrupt property, has revealed the Revel are 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 have been thrilled to share our brand with 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 are 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 out the red carpeting due to incomplete permits.
Straub seemed to bluff at forgoing his interests in revitalizing the Revel turned TEN, but now he appears recommitted.
The new logo for the resort has infinity icon beneath the TEN name.
‘Our infinity logo design represents our mission to provide the highest-rated amenities and our everyday seek to offer an escape that is infinitely perfect our visitors, families and businesses,’ Landino concluded.
Straub had promised $10,000 to the one who could think of a winning name for the Revel overhaul. It’s unclear if TEN is the innovative concept of Straub, or if it originated from the general public.
Whenever TEN reopens in the quarter that is first of dolphin treasure slot machine free games, the resort can look much different than Revel Atlantic City. Straub is transforming the mammoth home to feature family members friendly activity.
Revel was more oriented towards the sexier and younger nightclub crowd. Former NFL star Ray Rice brought the resort much undesired publicity when movie 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 cycling track.
Straub planned to start 900 of Revel’s 1,399 rooms on June 15, he had beenn’t sure he’d desire to sign in ’till we get a chance to clean it. though he admittedly said’ But brand New Jersey has been slow, at least in accordance with Straub, in approving permits 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 key Atlantic City has been struggling. Four casino resorts have actually closed since 2014, and a fifth is coming by way of the Trump Taj Mahal.
Like Straub, billionaire Carl Icahn had remained positive in 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. That may leave just seven gambling enterprises in Atlantic City.
Straub’s TEN will return that true number to eight if the city approve his gaming license application. Though he’s prepared to open TEN as a hotel and recreational resort, gaming continues to be a target.
‘You’ve got to provide 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 carry on as he seeks to expand his kingdom on the East Coast.
After a protracted and bidding that is occasionally bad-tempered with Mohegan Sun, Wynn won the bid for hawaii’s last remaining casino permit, defeating different municipal lawsuits 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 Globe)
Wynn Resorts is now getting right down to the business of transforming a former chemical plant into a shiny waterfront casino that is new.
It is no task that is easy the plot of land has been contaminated with lead, arsenic and other pollutants for many years and the clean-up procedure 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 company.
Wynn Resorts claims that the proposition is just a breach of the 2011 legislation that legalized casino gaming in the state and laid down quotas that are strict the quantity of casinos permitted within the state.
Wynn Says It’s ‘Not Fair’
There is strong support 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 proposition that went up against Wynn into 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 came into Massachusetts understanding there would be three casinos and one slots parlor under state law, not three casinos and two slots parlors. Some one shouldn’t appear in now and circumvent the statutory law.’
The requirement to protect Suffolk Downs plus the thoroughbred horse rushing industry was certainly one of the primary motivations for the 2011 act that legalized casino gaming in Massachusetts.
Suffolk Downs was forced to close whenever Wynn won the license, and it relies heavily on funding from the state although it has since reopened for limited racing.
None of this is certainly Wynn’s fault, and House Speaker Robert DeLeo, one of many 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 legislation, my focus that is main was boosting the economy and producing jobs. Key to that work was producing 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 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 less than Carl Icahn, but nj-new Jersey State Senate President Stephen Sweeney has the power that is legislative his part, and is able to undertake the casino designer. (Image: Tony Kurdzuk/The Star-Ledger)
Senate Bill 2575, which was 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 license holders continue in closing and opening casinos.
The bill seeks to disqualify casino license applicants if the entity or person behind the bid ‘substantially closed’ a casino property in the previous 5 years. The definition of ‘substantially shut’ would 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 suggests that operators who intentionally close a casino with plans to later reopen the place under a name that is brand new new labor contracts would qualify as owners who ‘substantially closed.’
The clause makes no secret about its intended target, also though it doesn’t directly reference Carl Icahn or the soon-to-shutter Trump Taj Mahal. The billionaire announced the casino resort would be closing on October 10 after a nasty labor dispute.
The Taj shutdown shall mark Atlantic City’s fifth casino closing since 2014. Icahn says he stands to lose $100 million on the undertaking that is entire but others 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 stated.
Ongoing Work Disputes
Icahn is 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 February by buying Trump Entertainment Resorts.
The union, which represents bartenders, wait staff, chefs, and housekeepers, demanded the restoration of member health and pension benefits, plus higher wages that are hourly. A bankruptcy judge allowed Icahn to reduce certain benefits for an period that is interim in order to bring the casino resort out of the red.
But the union, which represents about 1,000 of Taj’s 2,800-employee workforce, ultimately lost its persistence and initiated protests that are several all of which dropped on deaf ears when Icahn wouldn’t relent.
‘Icahn Enterprises was ready to endure a situation that is tough we thought we could emerge successful,’ Icahn said in a page to workers. ‘We wish this story could have experienced an ending that is different. We does everything we can to handle the closure into the simplest way possible.’
Sweeney in Retrograde
Some in New Jersey believe Icahn is ‘warehousing’ the casino gambling license, and certainly will reopen the resort under a brand new name, sufficient reason for a labor force that is new. Sweeney’s bill would avoid him from doing just that.
And irrespective of the actual fact that SB 2570 isn’t currently regarding the books, the Senate president is making sure it would apply to Icahn, by including a supply that makes the legislation retroactive to January 1, 2016.
‘Casino owners must not be able to misuse bankruptcy legislation and video gaming regulations in purchase to warehouse a permit or take cash out of the pockets of casino workers and strip them of benefits simply because they will not come to a labor agreement along 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 associated with the Arkansas Family Council, believes that the pro-casino supporters of an 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, because the pro-casino motion requested to have a lawsuit that would block the ballot that has been dismissed by the Arkansas Supreme Court.
The Arkansas Winning Initiative (AWI), which wants voters to amend the constitution allowing up to three casinos in the state, collected over 100,000 signatures in favor of casino video gaming, sufficient to force a referendum under state law.
But early 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 betting will be available at the proposed casinos, while in reality it will be illegal. It also claims that the ballot does not convey comprehensively to voters the consequences associated with measure.
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. It also claims that the Supreme Court does not have jurisdiction to know the case.
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 to your 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 happy to expand on when he went toe-to-toe with AWI spokesman Robert Coon on the regional current affairs system Arkansas Matters this week.