Revel Atlantic City Rebrands, as Glenn Straub Names the Resort ‘TEN’

Revel A<span id="more-4447"></span>tlantic City Rebrands, as Glenn Straub Names the Resort ‘TEN’

Revel Atlantic City will be called TEN moving forward, as new owner Glenn Straub prepares the property for its reopening that is grand in.

Revel Atlantic City is officially no more. The $2.4 billion resort that started in 2012 and then close 29 months later got a new owner in 2015, and now it’s getting 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. ‘We are thrilled to share our brand with all the general public and to introduce a new period of resort and entertainment.’

Straub and his Polo that is florida-based North 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 desired 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 logo that is new the resort has infinity symbol under the TEN name.

‘Our infinity logo 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 organizations,’ Landino concluded.

Straub had promised $10,000 to the person who could come up with myfreepokies.com a name that is winning the Revel overhaul. It is unclear if TEN is the imaginative concept of Straub, or if it originated in the public that is general.

Take TEN

When TEN reopens in the quarter that is first of, the resort can look much different than Revel Atlantic City. Straub is transforming the mammoth property to feature family members friendly activity.

Revel was more oriented towards the sexier and more youthful nightclub crowd. Former NFL star Ray Rice brought the resort much unwanted 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 track that is bicycling.

Straub planned to open 900 of Revel’s 1,399 rooms on June 15, though he admittedly said he wasn’t sure he’d want to sign in ’till we get yourself a opportunity to clean it.’ But New Jersey has been slow, at least based on Straub, in approving permits for his 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 secret Atlantic City has 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 regarding 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 quantity to eight should the city approve his gaming license application. Though he’s prepared to start TEN as a hotel and leisure resort, video gaming remains a target.

‘You have to provide me personally a chance, i am wanting 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 kingdom regarding the East Coast.

After a protracted and occasionally bad-tempered putting in a bid war with Mohegan Sun, Wynn won the bid for the state’s final remaining casino license, defeating various municipal legal actions in the process.

Steve Wynn addresses the press in front side of a model regarding the Wynn Boston Harbor. But will Massachusetts residents vote to authorize a slots parlor just three miles away? (Image: Jessica Rinaldi/Boston World)

Wynn Resorts happens to be getting down to the business of transforming a former chemical plant into a shiny brand new waterfront casino.

It is no simple task; the plot of land has been contaminated with lead, arsenic and other pollutants for decades while 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 kilometers from where the $2.1 billion Wynn Boston Harbor is being built has exasperated the business.

Wynn Resorts claims that the proposal is a violation of the 2011 legislation that legalized casino gaming in the state and laid down strict quotas on the amount of casinos allowed into the state.

Wynn Says It’s ‘Not Fair’

There is strong help for the thought 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 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 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 statutory law.’

The need to safeguard Suffolk Downs while the thoroughbred horse rushing industry ended up being one of the primary motivations for the 2011 act that legalized casino gaming in Massachusetts.

Suffolk Downs was forced to close when Wynn won the permit, and although it has since reopened for limited racing, it relies heavily on funding from their state.

‘Slapdash Proposal’

None of this will be Wynn’s fault, and House Speaker Robert DeLeo, among the architects associated with the 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 focus that is main was boosting the economy and creating jobs. Key to that work was creating 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 generate.’

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 new legislation that 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 part, and is preparing 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 in the event that person or entity behind the bid ‘substantially closed’ a casino property in the past five years. The definition of ‘substantially closed’ will 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 suggests that operators who intentionally close a casino with plans to later reopen the place under a new name with new labor contracts would qualify as owners who ‘substantially closed.’

The clause makes no secret about its intended target, even though it doesn’t directly reference Carl Icahn or the soon-to-shutter Trump Taj Mahal. After a nasty work dispute, the billionaire announced the casino resort would be closing on October 10.

The Taj shutdown shall mark Atlantic City’s fifth casino closing since 2014. Icahn says he stands to lose $100 million on the entire undertaking, but others believe he has more sinister plans.

‘This bill encourages casino owners to 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 happens to be in a battle that is heated the Unite Here regional 54 work union that works during 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, cooks, and housekeepers, demanded the restoration of member health and pension benefits, plus higher wages that are hourly. A bankruptcy judge allowed Icahn to reduce particular benefits for an period that is interim in purchase 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 several protests, all of which dropped on deaf ears whenever Icahn wouldn’t relent.

‘Icahn Enterprises was willing to endure a tough situation when we thought we could emerge successful,’ Icahn said in a letter to workers. ‘We wish this story could have had an ending that is different. We can do everything we are able to to handle the closure within 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 title, sufficient reason for a labor force that is new. Sweeney’s bill would prevent him from doing just that.

And aside from the very fact that SB 2570 isn’t presently in the books, the Senate president is making sure it would use 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 gaming regulations in purchase to warehouse a permit or take money out of the pockets of casino workers and strip them of benefits given that they will not visited a labor agreement with their workers,’ Sweeney told the Press of Atlantic City this week.

Fighting Among Arkansas Casino Ballot Opponents Picking 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, as the movement that is pro-casino to have a lawsuit that would block the ballot which 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 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 activities wagering is available at the proposed casinos, while in fact it will be illegal. It additionally claims that the ballot doesn’t 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 that it was harmed by your decision to hold the ballot vote. Additionally claims that the Supreme Court does not have jurisdiction to hear the way it is.

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 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 thrilled to expand on when he went toe-to-toe with AWI spokesman Robert Coon regarding the neighborhood present affairs system Arkansas Matters this week.

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