Nich Moore May 8, 2015 04:10:24
Glenn Straub has bought the former Revel and is planning to help patrons live longer, if he can get the water turned back on Back in March I wrote an article listing some of the alternative uses for the plethora of empty casinos in Atlantic City. With my tongue firmly in my cheek, and having […]
Glenn Straub will need to put up $95.4 million if he wants the Revel Casino property. Atlantic City bankruptcy judge Gloria Burns has ruled against Florida real estate developer Glenn Straub’s motion to reduce his Revel bid from $95.4 million to $87 million. If Straub goes through with his attempt to buy the Revel, he […]
The Florida-based developer is now the only bidder, and wants to use his position to get the Revel at a discount price. Florida real estate developer Glenn Straub emerged as the leading bidder for the Revel Casino property in Atlantic City after Brookfield Asset Management backed out of the running. The ball is in Straub’s […]
Phyllis F. December 12, 2014 17:46:16
Amidst the closing down of Atlantic City’s giant casinos, one by one, a bill to give the smaller casinos a chance to set up shop inspires hope. Chelsea Hotel‘s owner, Curtis Bashaw, admits that he would like to open a small casino now that the bill is passed. He envisions having his hotel host one […]
Born in the wrong place at the wrong time, the downfall of the Revel tells the sad story of Atlantic City’s demise. While it takes decades to build an empire, even the grandest of kingdoms can collapse into nothingness in the blink of an eye. That is the fate befalling Atlantic City. In 2006 “The […]
Phyllis F. November 21, 2014 13:29:03
The Revel Casino closed its doors less than two years after opening. Will it find life after death? This year, any gambling news coming out of Atlantic City is bad news. Earlier in 2014 the Revel Casino and Hotel in Atlantic City filed for bankruptcy less than two years after opening. While the casino’s owners […]
The Revel declared bankruptcy less than two years after opening. Bidders are competing in an auction to buy the facility. The Revel Casino in Atlantic City was an expensive investment that lasted less than two years in operation; closing its doors last month, the casino cost $2.4 billion to build but never succeeded in getting […]
Toni September 2, 2014 16:23:36
Gaming industry in Atlantic City suffers another loss as popular casino Showboat closes its doors while other gambling providers await the same fate. After years of providing gaming services in Atlantic City, Showboat has succumbed to the same fate as other casinos in the once prosperous gambling town. The famous gaming destination initially opened its […]
Monica E. August 21, 2014 13:09:52
A group of guards hired to pick up cash from the Revel Casino in Atlantic City lost a bag containing $20,000. According to recent gambling news, on August 6th GardaWorld employees drove to the Revel Casino to retrieve cash, but while loading the bags of money one of them was left on the roof of […]
Monica E. July 14, 2014 13:35:02
With the Showboat Casino closing later this summer, Atlantic City residents and officials fear more will follow. Dave Rose spent 19 years working as a cook at the famous Mardi Gras-themed Showboat Casino, run by Caesars Entertainment. Now he is counting the weeks left until the venue closes, when he and his fellow workers – […]
With casinos in the US and Canada desperate to cut costs on the one hand and sustained investment in robotics on the other, the robotic croupier may appear in the not-so-distant future. The casino industry in North America is faltering. While more and more US states are licensing commercial casinos, profits are sinking in an […]
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