Revel Atlantic City will be referred to as TEN moving forward, as new owner Glenn Straub makes the property for its grand reopening in 2017.
Revel Atlantic City is officially no more. The $2.4 billion resort that started in 2012 simply to shut 29 months later on got a new owner in 2015, and now it’s obtaining a name that is new.
Glenn Straub, the estate that is real who paid $82 million for the bankrupt property, has revealed the Revel will likely be called ‘TEN’ when it opens its doorways in early 2017.
‘It’s what’s next in Atlantic City,’ TEN CEO Robert Landino told the Press of Atlantic City. ‘Our company is thrilled to share our brand using the public and to introduce a new period of resort and entertainment.’
Straub and his Florida-based Polo North Country Club development company 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 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, but now he seems recommitted.
The new logo design for the resort features an infinity symbol underneath the TEN name.
‘Our infinity logo represents our mission to provide the highest-rated amenities and our daily seek to offer an escape that is infinitely perfect our visitors, families and companies,’ Landino concluded.
Straub had promised $10,000 to the person who could think of a winning name for the Revel overhaul. It’s unclear if TEN is the creative concept of Straub, or if it originated in the public that is general.
- 1 Wynn Angered by Revere Slots Parlor Proposal
- 2 New Jersey Senate President Stephen Sweeney Goes After Carl Icahn in New Casino Regulatory Bill
- 3 Fighting Among Arkansas Casino Ballot Opponents Picking Right Up Steam
Whenever TEN reopens in the very first quarter of 2017, the resort will look much different than Revel Atlantic City. Straub is transforming the mammoth home to feature family entertainment that is friendly.
Revel was more oriented towards the sexier and younger nightclub crowd. Former NFL star Ray Rice brought the resort much undesired 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 implementing a ropes course and 13-story endurance cycling track.
Straub planned to start 900 of Revel’s 1,399 rooms on June 15, though he admittedly said he wasn’t sure he’d want to register ’till we get yourself a chance to clean it.’ But brand New Jersey has been slow, at least in accordance with Straub, in approving licenses for his operation.
The CRDA will review Straub’s latest traffic mitigation plans on September 20, and if approved, TEN could then make application for a certification of occupancy.
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 for the Trump Taj Mahal.
Like Straub, billionaire Carl Icahn had remained positive in the future of the beachfront gambling city and planned to invest heavily in its revitalization.
But come October 10, Icahn is folding regarding the Taj and shuttering the home. That may leave just seven gambling enterprises in Atlantic City.
Straub’s TEN will return that true quantity to eight if the city approve his gaming license application. Though he’s ready to open TEN as a hotel and leisure resort, gaming remains a target.
‘You’ve got to give me personally a chance, I’m trying to help,’ Straub told the CRDA this month.
Wynn Angered by Revere Slots Parlor Proposal
Steve Wynn’s problems in Massachusetts continue 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 the state’s last remaining casino license, defeating various municipal lawsuits along the way.
Steve Wynn addresses the press in front side of a model of this Wynn Boston Harbor. But will Massachusetts residents vote to authorize a slots parlor just three miles away? (Image: Jessica Rinaldi/Boston Globe)
Wynn Resorts happens to be getting down seriously to the business of transforming a former chemical plant into a shiny brand new waterfront casino.
It’s no easy task; the block of land has been contaminated with lead, arsenic and other pollutants for many years while the clean-up procedure is expected to cost the company around $30 million.
It’s no surprise that a statewide ballot that would authorize a slots parlor in Revere, just three miles from where in actuality the $2.1 billion Wynn Boston Harbor is being built has exasperated the company.
Wynn Resorts claims that the proposal is a violation of the 2011 legislation that legalized casino gaming within the state and laid down strict quotas on the quantity of casinos permitted into the state.
Wynn Says It’s ‘Not Fair’
There is strong help for the idea of a casino in Revere, where the historic Suffolk Downs racetrack relies. 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 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 also come in now and circumvent the law.’
The need 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 whenever Wynn won the license, and though it has since reopened for limited racing, it relies heavily on funding from the state.
None of this is Wynn’s fault, and House Speaker Robert DeLeo, one of the architects associated with 2011 bill, agrees that the new proposal is 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 producing jobs. Key to that work ended up being creating an independent Gaming Commission which conducts thorough market analyses and then makes informed decisions.
‘This slapdash proposal would upset the deliberate and delicate balance we worked so hard to generate.’
New Jersey Senate President Stephen Sweeney Goes After Carl Icahn in New Casino Regulatory Bill
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 not as much as Carl Icahn, but nj-new Jersey State Senate President Stephen Sweeney has the legislative power on his part, and is preparing to take on 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 proceed in conclusion and opening gambling enterprises.
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’ will be defined by the state’s Division of Gaming Enforcement (DGE) and provide extra powers to the gaming regulatory authority.
The writing of SB 2575 suggests that operators who intentionally close a casino with plans to later reopen the location under a name that is brand new new labor agreements 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 Trump Taj that is soon-to-shutter 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 undertaking that is entire but others 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 stated.
Ongoing Labor Disputes
Icahn has been in a hot battle with the Unite Here neighborhood 54 labor union that works at the Trump Taj Mahal. The billionaire developer acquired the flailing property in February by purchasing Trump Entertainment Resorts.
The union, which represents bartenders, wait staff, chefs, and housekeepers, demanded the restoration of member health insurance and pension benefits, plus higher wages that are hourly. A bankruptcy judge allowed Icahn to reduce certain benefits for an interim duration, in purchase to bring the casino resort away from the red.
But the union, which represents about 1,000 of Taj’s 2,800-employee workforce, eventually destroyed its persistence and initiated protests that are several all of which fell on deaf ears when Icahn wouldn’t relent.
‘Icahn Enterprises was ready to endure a tough situation when we thought we’re able to emerge successful,’ Icahn said in a letter to workers. ‘We wish this story could have had an ending that is different. We does everything we can to handle the closure in 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 fresh name, sufficient reason for a labor force that is new. Sweeney’s bill would avoid him from doing just that.
And regardless of the fact that SB 2570 isn’t currently on the books, the Senate president is making sure it would apply 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 video gaming regulations in order to warehouse a permit and take cash out of the pockets of casino workers and strip them of benefits given that they refuse to arrived at a labor agreement along with their employees,’ Sweeney told the Press of Atlantic City this week.
Fighting Among Arkansas Casino Ballot Opponents Picking Right Up Steam
Jerry Cox, president regarding 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 pro-casino movement requested to have a lawsuit that would block the ballot which was dismissed by the Arkansas Supreme Court.
The Arkansas Winning Initiative (AWI), which wants voters to amend the constitution to allow up to three casinos in the state, collected over 100,000 signatures in favor of casino gaming, sufficient to force a referendum under state law.
But earlier this month, anti-casino group the Committee to Protect Arkansas’ Values/Stop Casinos Now filed a lawsuit in the Supreme Court planning to stop the ballot in its tracks.
Their filing contends that the language of this ballot misleads the public into believing that recreations wagering could be available at the proposed casinos, while in fact it will be illegal. It additionally 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 so it was harmed by the decision to hold the ballot vote. Additionally claims that the Supreme Court doesn’t have jurisdiction to know the truth.
Last week, Arkansas’ existing 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 groups, donating $109,500 to your 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 motion’s rhetoric, which sees AWI as ‘out-of-state’ entrepreneurs, preying on Arkansas.
It was this theme that Jerry Cox, president of dolphin treasure slot gratis the Arkansas Family Council was thrilled to expand on when he went toe-to-toe with AWI spokesman Robert Coon regarding the regional affairs that are current Arkansas Matters this week.