Revel Atlantic City will be known as TEN moving forward, as new owner Glenn Straub makes the property for its reopening that dolphin treasure slot game is grand in.
Revel Atlantic City is officially no more. The $2.4 billion resort that opened in 2012 simply to close 29 months later on got a new owner in 2015, and now it’s finding a new name.
Glenn Straub, the real estate developer who paid $82 million for the bankrupt property, has revealed the Revel is going to be 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 are thrilled to share our brand utilizing the public and to introduce an era that is new of and entertainment.’
Straub and his Florida-based Polo North Country Club development company have now 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 has infinity expression underneath the TEN name.
‘Our infinity logo design represents our mission to provide the highest-rated amenities and our everyday try to offer an infinitely perfect escape for our visitors, families and businesses,’ Landino concluded.
Straub had promised $10,000 to the one who could come up with a name that is winning the Revel overhaul. It is unclear if TEN is the imaginative concept of Straub, or if it originated from the public that is general.
Take TEN
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 members friendly entertainment.
Revel was more oriented towards the sexier and more youthful nightclub crowd. Former NFL star Ray Rice brought the resort much publicity that is unwanted 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 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 wish to sign in ’till we get yourself a possiblity to clean it up. though he admittedly said’ But brand New Jersey has been slow, at least according to 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 certificate of occupancy.
TEN Makes Nine, No Eight
It’s no Atlantic that is secret City 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 optimistic in the future of the beachfront city that is gambling planned to invest heavily in its revitalization.
But come October 10, Icahn is folding regarding the Taj and shuttering the property. That may leave just seven casinos in Atlantic City.
Straub’s TEN will return that number to eight should the city approve his gaming permit application. Though he’s prepared to open TEN as a hotel and resort that is recreational video gaming remains a target.
‘You’ve got to provide me personally a chance, i am attempting 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 kingdom in 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 lawsuits in the process.
Steve Wynn addresses the press in front of a model of this 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 down to the business of changing a former chemical plant into a shiny waterfront casino that is new.
It is no task that is easy the parcel has been contaminated with lead, arsenic and other pollutants for decades therefore the clean-up operation 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, simply three miles from where in fact the $2.1 billion Wynn Boston Harbor is being built has exasperated the organization.
Wynn Resorts claims that the proposition is really a violation of the 2011 legislation that legalized casino gaming into the state and laid down strict quotas on the quantity of casinos permitted within 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 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 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 body shouldn’t appear in now and circumvent the law.’
The necessity to safeguard Suffolk Downs and also the thoroughbred horse racing 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.
‘Slapdash Proposal’
None of this will be Wynn’s fault, and House Speaker Robert DeLeo, one of many architects of this 2011 bill, agrees that the new proposal is beyond the pale.
‘I stand in opposition to matter 1 [the ballot],’ DeLeo said. ‘ As soon as we crafted the legislation, my main focus ended up being on boosting the economy and creating jobs. Key to that effort was creating an independent Gaming Commission which conducts market that is thorough and then makes informed decisions.
‘This slapdash proposal 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-new jersey State Senate President Stephen Sweeney (D-District 3) has introduced new legislation that would overhaul casino licensing protocols in Atlantic City.
He may have about $15 billion significantly less than Carl Icahn, but New Jersey State Senate President Stephen Sweeney has the legislative power on their part, and is able to take on the casino developer. (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 license holders continue in conclusion and opening casinos.
The bill seeks to disqualify casino license applicants in the event that person or entity behind the bid ‘substantially closed’ a casino property in the past 5 years. The definition of ‘substantially closed’ would be defined by the state’s Division of Gaming Enforcement (DGE) and present extra powers to the gaming authority that is regulatory.
The writing of SB 2575 implies that operators who intentionally close a casino with plans to later reopen the location under a brand new name 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 straight 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 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 rather rebuild Atlantic City than keep their license and throw thousands of families to the curb,’ Sweeney stated.
Ongoing Labor Disputes
Icahn happens to be in a heated battle with the Unite Here neighborhood 54 work union that actually 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, cooks, and housekeepers, demanded the renovation of user health insurance and pension benefits, plus higher wages that are hourly. 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, sooner or later lost its persistence and initiated several protests, all of which fell on deaf ears whenever 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 employees. ‘We wish this story could have had an ending that is different. 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 nj-new Jersey believe Icahn is ‘warehousing’ the casino gambling license, and certainly will reopen the resort under a brand new title, along with a labor force that is new. Sweeney’s bill would prevent him from doing just that.
And irrespective of the actual fact that SB 2570 is not currently on the books, the Senate president is making certain it would use to Icahn, by including a provision that makes the legislation retroactive to 1, 2016 january.
‘Casino owners shouldn’t be able to misuse bankruptcy laws and video gaming regulations in order to warehouse a license and take cash away from the pockets of casino workers and strip them of benefits since they will not come to a labor agreement along with their employees,’ Sweeney told the Press of Atlantic City this week.
Fighting Among Arkansas Casino Ballot Opponents Picking Up Steam
Jerry Cox, president regarding 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, since 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 desires voters to amend the constitution to permit up to three casinos within the continuing state, collected over 100,000 signatures in favor of casino video gaming, enough to force a referendum under state law.
But earlier 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 regarding the ballot misleads the public into believing that activities wagering will 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 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 because it has not shown it has been harmed by your decision to hold the ballot vote. Additionally claims that the Supreme Court won’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 a not likely ally associated with the 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 as he went toe-to-toe with AWI spokesman Robert Coon on the neighborhood current affairs program Arkansas Matters this week.