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Category Archives: Revel
Revel bought? Straub says no; R.I.P., Keely Smith
Revel/Ten may have yet another name soon, now that wannabe buyer Bruce Defik has done what Glenn Straub wouldn’t: apply for a New Jersey gaming license. Straub continues to assert that there is no deal in place but “a court … Continue reading
Posted in Architecture, Atlantic City, California, Detroit, Dining, Entertainment, Glenn Straub, history, Internet gambling, James Packer, Macau, Melco Resorts & Entertainment, Pennsylvania, Politics, Regulation, Revel, Station Casinos, Taxes, The Strip, Tribal
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Smooth talk in Bridgeport; Sands Bethlehem for sale (again)?
“Sharp dressed, smooth talker” Uri Clinton met with Bridgeport residents in an effort to convince them that MGM Resorts International has their best interests at heart in its pursuit of Bridgeport as a casino site. Perhaps naively, Clinton hopes that … Continue reading
Posted in Atlantic City, Downtown Grand, Economy, Foxwoods, Geoff Freeman, Glenn Straub, Internet gambling, MGM Mirage, Mohegan Sun, New York, Pennsylvania, Problem gambling, Regulation, Revel, Sheldon Adelson, Taxes, Tribal, Wall Street
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Warm September for Atlantic City
Things continue to look up for the Boardwalk. Last month, Atlantic City casinos showed a 2.5% revenue increase on a same-store basis. Toss the dead weight of Trump Taj Mahal out of the year/year comparison and the growth is an … Continue reading
Posted in Atlantic City, Dan Gilbert, Detroit, Entertainment, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Marketing, MGM Mirage, Mohegan Sun, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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Clean slate at Caesars; Heresy at G2E; Another Revel mystery
“Twenty-five years ago Caesars [Entertainment] was the premier name internationally but they dropped the ball,” said C.G. Anderson Partners analyst Greg Bousquette of the company that must find a way to become relevant after spending years snarled in debt, then in … Continue reading
Posted in Atlantic City, Colorado, Economy, Entertainment, G2E, Glenn Straub, Harrah's, Iowa, Japan, Macau, Mandalay Bay Massacre, Neil Bluhm, New York, Pennsylvania, Regulation, Revel, Singapore, South Korea, Technology, The Strip, Wall Street
Comments Off on Clean slate at Caesars; Heresy at G2E; Another Revel mystery
Adelson cools on Japan; Revel mystery deepens
Details of Japan‘s casino-implementation bill are starting to trickle out: a blend of tax rates for mass-market play (22%) and VIP action (12%), a minimum gambling age of 20 and casino square floors no bigger than 15,000 square feet. Limitations like … Continue reading
Atlantic City wins big; Typhoon Hato clocks Macao
Having trounced its opposition in last year’s election, Atlantic City continues on its roll, with its casinos posting a 20% increase in operating profit through June. “For three consecutive quarters now, the current operators reported double-digit growth in gross operating profits. … Continue reading
Posted in Atlantic City, California, Glenn Straub, Harrah's, Macau, MGM Mirage, Mohegan Sun, Revel, Sheldon Adelson, Steve Wynn, Tilman Fertitta, Tribal
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Freeman hearts Atlantic City; Big win for Martinez
American Gaming Association President Geoff Freeman gave Atlantic City the thumbs-up this week, pointing to the reinvention of Trump Taj Mahal as Hard Rock Atlantic City and to the as-yet-undisclosed joint venture between Caesars Entertainment and MGM Resorts International. He … Continue reading
Posted in Atlantic City, Bally Technologies, Detroit, Dining, e-sports, Eldorado Resorts, Florida, Geoff Freeman, Glenn Straub, Hard Rock International, Harrah's, Internet gambling, Isle of Capri, MGM Mirage, Politics, Revel, Seminole Tribe, Taxes, Tribal
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Legal weed a casino buzzkill; Caesars’ Australian pact nixed
In the casino biz, “pot” is now something other than what you put your poker bets into. It’s a source of money that’s not welcome at Ye Olde Casino (and you thought gambling moguls didn’t care where you got your … Continue reading
Posted in Arizona, Atlantic City, Australia, Economy, Environment, Florida, Geoff Freeman, Glenn Straub, Hard Rock International, Harrah's, Law enforcement, Regulation, Revel, Seminole Tribe, Tribal
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Revel sold? Sez who?; Wynn loses his shirt
Atlantic City may have seen the last of Glenn Straub. Last week, Global Gaming Business Editor Roger Gros took to Twitter to announce that Revel (aka Ten) had been sold, former exec Mark Juliano — late of Sands Bethlehem — … Continue reading
Posted in Atlantic City, Glenn Straub, Hard Rock International, Harrah's, Lawrence Ho, Macau, Melco Resorts & Entertainment, MGM Mirage, Neil Bluhm, New York, Pennsylvania, Racinos, Regulation, Revel, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, Wall Street
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Revel: The great silence; Strangulation in Japan
“Atlantic City casino owner clueless over $220M offer.” So read one of the headlines about the mystery New York City private equity firm that is ostensibly proffering $220 million (up from $200 million) for Revel and owner Glenn Straub‘s professions of … Continue reading
Posted in Atlantic City, GameCO, Glenn Straub, International, Internet gambling, Japan, Macau, Mohegan Sun, Regulation, Revel, The Mob, Wall Street
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Revel up for grabs?; So long, O.J.
Glenn Straub could theoretically never do a damned thing with Revel and still turn a tidy profit. A New York-based private equity firm is reported as willing to pay him $200 million for the shuttered megaresort, which Straub picked up for … Continue reading
Posted in Atlantic City, Donald Trump, Genting, Glenn Straub, history, New York, Regulation, Revel, Station Casinos, The Strip, Wall Street
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Glenn Straub, gaming’s problem child; Panic in New York State
“We’ve been shut down now for three years. As an abandoned building, we want the value of an abandoned building, not the value of a casino hotel,” said Revel owner Glenn Straub, defending his failure to pay Casino Reinvestment Development … Continue reading
Posted in Architecture, Atlantic City, Boulder Strip, Foxwoods, GameCO, Glenn Straub, history, Marketing, New York, Planet Hollywood, Politics, Racinos, Regulation, Revel, Station Casinos, Taxes, Technology, Tourism, Tribal
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MGM rebuffed in Connecticut; Taking the Trump out of the Taj
For the second time, a federal court has ruled against MGM Resorts International in its attempts to wrest a casino license away from Mohegan Sun and Foxwoods Resort Casino. According to the Hartford Courant, the court held that “the company … Continue reading
That wacky Glenn Straub; New York caves on ‘Net bets
Call it Revel, call it Ten but, whatever you do, call it “closed.” Because that’s what Revel is. Owner Glenn Straub is frittering away the prime earning weeks of the year while he fights with state and local officials, whether … Continue reading
Posted in Atlantic City, Cosmopolitan, Donald Trump, Environment, Glenn Straub, Internet gambling, New York, Pennsylvania, Politics, Regulation, Revel
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Hard Rock ups Atlantic City commitment; Japan inspires casino designers
Compared to Carl Icahn‘s half-a-loaf policies, Hard Rock International CEO Jim Allen is Lady Bountiful, at least as concerns [Trump] Taj Mahal. We put The Donald’s name in brackets because it’s one of the first things to go, to be … Continue reading
Posted in Architecture, Atlantic City, Carl Icahn, Donald Trump, Election, Glenn Straub, Hard Rock International, Harrah's, Harry Reid, International, Japan, Lawrence Ho, Massachusetts, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Regulation, Revel, Sahara, SLS Las Vegas, Technology, Unite-Here
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Executive shuffle at Station; Freeman’s bold agenda
Long-serving (some would say long-suffering) Station Casinos CFO Marc Falcone has had enough and will resign on May 31. He’ll still be at Station’s service thanks to a one-year consulting agreement — read “non-compete.” He’s served Station well, coming aboard … Continue reading
Posted in Atlantic City, Donald Trump, Geoff Freeman, Hard Rock International, Law enforcement, Palms, Politics, Regulation, Revel, Sports, Station Casinos, Taxes, Wall Street
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Hard Rock takes Icahn to the cleaners
Well, now we know how much Hard Rock International paid for Trump Taj Mahal — and why Carl Icahn wanted to keep it a secret. The defunct casino changed hands for $50 million, well below the nine-figure sum Icahn was … Continue reading
Posted in Atlantic City, Carl Icahn, Columbia Sussex, Donald Trump, Glenn Straub, Hard Rock International, MGM Mirage, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tribal, Tropicana Entertainment, Trump Entertainment Resorts
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Quote of the Day
“Water rights are civil rights, and civil rights are human rights. This is not a money problem. This is a democracy problem. Flint, Michigan, is a moral parable about the peril of giving up control of your water.” — NAACP … Continue reading
Posted in Atlantic City, Environment, Glenn Straub, Revel
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Trump’s Amman Castle?; Wynn goes 0-for-2
Gambling is illegal in Jordan but that doesn’t stop Donald Trump. The new president’s company has renewed the trademark for a Jordanian casino. This won’t play well with religious hawks in the Hashemite kingdom, who went into full cry when … Continue reading
Posted in Donald Trump, Genting, Glenn Straub, International, Internet gambling, Japan, Macau, Revel, Steve Wynn, The Strip
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Atlantic City suffers February hiccup; Caesars K.O.’d in Korea
All good things must end and, in the case of Atlantic City, a pretty steady comeback hit a pothole in December, with business down 2%. Even Borgata ($58 million) was down a percentage point. Citywide, slot revenue was actually up … Continue reading
Posted in Atlantic City, Carl Icahn, Dan Gilbert, Detroit, Glenn Straub, Golden Gaming, Greenwood Racing, Hard Rock International, Harrah's, Internet gambling, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Pennsylvania, PokerStars, Revel, Sheldon Adelson, South Korea, Tropicana Entertainment
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