
Revel Atlantic City will be known 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 opened in 2012 simply to shut 29 months later got a new owner in 2015, and now it’s finding a name that is new.
Glenn Straub, the property developer who paid $82 million for the bankrupt property, has revealed the Revel are going to 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 aided by the public and to introduce an era that is new of and entertainment.’
Straub and his Polo that is florida-based North Club development company happen at odds with New Jersey’s Casino Reinvestment Development Authority (CRDA) and Division of Gaming Enforcement (DGE) for months. Straub desired to reopen the resort in June as a hotel-only facility, 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, however now he appears recommitted.
The new logo design for the resort has infinity icon underneath the TEN name.
‘Our infinity logo represents our mission to provide the highest-rated amenities and our everyday seek to offer an infinitely perfect escape for our visitors, families and organizations,’ Landino concluded.
Straub had promised $10,000 to the one who could come up with a winning name for 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
When TEN reopens in the quarter that is first of, the resort will appear much different than Revel Atlantic City. Straub is transforming the mammoth property to feature household friendly entertainment.
Revel was more oriented towards the sexier and younger nightclub crowd. Former NFL star Ray Rice brought the resort much unwelcome 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 cycling track.
Straub planned to open 900 of Revel’s 1,399 rooms on June 15, he had beenn’t sure he’d desire to check in ’till we get a chance to clean it. though he admittedly said’ But brand 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 obtain 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 for the Trump Taj Mahal.
Like Straub, billionaire Carl Icahn had remained optimistic on 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 will leave just seven gambling enterprises in Atlantic City.
Straub’s TEN will return that true number to eight if the city approve his gaming permit application. Though he’s willing to start TEN as a hotel and resort that is recreational gaming remains a target.
‘You have to provide me a chance, i am attempting to assist,’ 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 regarding the East Coast.
After a protracted and occasionally bad-tempered putting in a bid war with Mohegan Sun, Wynn won the bid for hawaii’s final remaining casino permit, defeating various municipal legal actions in the act.
Steve Wynn addresses the press in front of a model associated with Wynn Boston Harbor. But will Massachusetts residents vote to authorize a slots parlor just three kilometers away? (Image: Jessica Rinaldi/Boston Globe)
Wynn Resorts has become 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 block of land has been contaminated with lead, arsenic and other pollutants for many years plus 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 kilometers from where the $2.1 billion Wynn Boston Harbor is being built has exasperated the business.
Wynn Resorts claims that the proposition is just a violation of the 2011 legislation that legalized casino gaming into the state and laid down strict quotas on the total amount of casinos allowed 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 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 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. Some one shouldn’t are available now and circumvent the law.’
The need to safeguard Suffolk Downs and also the thoroughbred horse racing 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 permit, and though it has since reopened for limited racing, it relies heavily on funding from the state.
‘Slapdash Proposal’
None of that is 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 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 thorough market analyses and then makes informed decisions.
‘This slapdash proposition would upset the deliberate and delicate balance we 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 legislation that is new 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 able 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 closing and opening casinos.
The bill seeks to disqualify casino license applicants if the individual or entity behind the bid ‘substantially closed’ a casino property in the past 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 text of SB 2575 suggests that operators who intentionally close a casino with plans to later reopen the venue under a brand new title with 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 https://myfreepokies.com/dolphin-treasure/ reference Carl Icahn or the Trump Taj that is soon-to-shutter 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 get rid of $100 million on the entire undertaking, but other people believe he has more sinister plans.
‘This bill encourages casino owners to keep their properties open and rebuild Atlantic City instead than keep their license and throw thousands of families to the curb,’ Sweeney stated.
Ongoing Work Disputes
Icahn was in a battle that is heated the Unite Here regional 54 work union that actually works at 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 renovation of member health and pension benefits, plus higher hourly wages. A bankruptcy judge allowed Icahn to reduce particular benefits for the period that is interim 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, eventually lost its persistence and initiated several protests, all of which dropped on deaf ears when Icahn wouldn’t relent.
‘Icahn Enterprises was willing to endure a situation that is tough we thought we could emerge successful,’ Icahn said in a letter to workers. ‘We wish this story could have had a different ending. We is going to do everything we are able to to handle the closure into the way that is best possible.’
Sweeney in Retrograde
Some in New Jersey believe Icahn is ‘warehousing’ the casino gambling license, and will reopen the resort under a fresh name, and with a new work force. Sweeney’s bill would avoid him from doing just that.
And aside from the very fact that SB 2570 is not currently on the books, the Senate president is making yes it would apply to Icahn, by including a supply that makes the legislation retroactive to 1, 2016 january.
‘Casino owners shouldn’t be able to misuse bankruptcy rules and gaming regulations in order to warehouse a license or take cash away from the pockets of casino workers and strip them of benefits simply because they will not 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 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, once the movement that is pro-casino to have a lawsuit that would block the ballot that was 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 continuing state, collected over 100,000 signatures in favor of casino video 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 sports betting is available at the proposed casinos, while in fact it will be illegal. It also claims that the ballot doesn’t convey comprehensively to voters the consequences regarding the measure.
Gaming Monopoly
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 is harmed by the decision to hold the ballot vote. Additionally claims that the Supreme Court won’t have jurisdiction to know the situation.
Last week, Arkansas’ current gaming industry, which consists of Oaklawn Racing and Gaming and Southland Park Gaming and Racing became a not likely ally associated with the state’s anti-gambling teams, donating $109,500 to the cause. Oaklawn and Southland offer ‘skill-based’ games 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’ businessmen, 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 regarding the regional affairs that are current Arkansas Matters this week.