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

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Revel Atlantic City will be known as TEN moving forward, as new owner Glenn Straub makes the property for its grand reopening in 2017.

Revel Atlantic City is formally no more. The $2.4 billion resort that started in 2012 only to close 29 months later got a new owner in 2015, and now it’s getting a name that is new.

Glenn Straub, the real estate developer who paid $82 million for the bankrupt property, has revealed the Revel are referred to as ‚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 with all the general public and to introduce a new era of resort and entertainment.‘

Straub and his Florida-based Polo North Country Club development business 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 center, but was forced to postpone rolling away the red carpet due to incomplete permits.

Straub seemed to bluff at forgoing his interests in revitalizing the Revel turned TEN, nevertheless now he appears recommitted.

The new logo for the resort has infinity symbol 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 guests, families and companies,‘ Landino concluded.

Straub had promised $10,000 to the person who could think of a name that is winning the Revel overhaul. It is unclear if TEN is the creative concept of Straub, or if it came from the public that is general.

Simply 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 entertainment.

Revel was more oriented towards the sexier and younger nightclub crowd. Former NFL star Ray Rice brought the resort much undesired publicity when video clip 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 start 900 of Revel’s 1,399 rooms on June 15, he had beenn’t sure he’d desire to register ‚till we get yourself a opportunity to clean it up. though he admittedly stated‘ 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 Atlantic that is secret City been struggling. Four casino resorts have closed since 2014, and a fifth is coming by way associated with Trump Taj Mahal.

Like Straub, billionaire Carl Icahn had remained positive on the future of the beachfront city that is gambling planned to invest heavily in its revitalization.

But come 10, Icahn is folding on the Taj and shuttering the property october. Which will leave just seven casinos in Atlantic City.

Straub’s TEN will return that true number to eight if the city approve his gaming permit application. Though he’s ready to open TEN as a hotel and recreational resort, gaming stays a target.

‚You have to provide me a chance, I’m attempting to help,‘ 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 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 their state’s final remaining casino license, defeating different municipal legal actions in the process.

Steve Wynn addresses the press in front of a model of 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 is currently getting right down to the business of transforming a former chemical plant into a shiny waterfront casino that is new.

It’s no task that is easy the parcel has been contaminated with lead, arsenic and other pollutants for many years and also the clean-up procedure is expected to cost the company around $30 million.

It’s no shock 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 business.

Wynn Resorts claims that the proposal is really a breach of the 2011 legislation that legalized casino gaming within 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 support for the thought of a casino in Revere, where the historic Suffolk Downs racetrack is based. The racetrack partnered with Mohegan Sun for the casino proposition that went up against Wynn into 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. Somebody shouldn’t also come in now and circumvent the statutory law.‘

The need to protect Suffolk Downs and the thoroughbred horse racing 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, one of many architects for the 2011 bill, agrees that the proposal that is new beyond the pale.

‚I stand in opposition to matter 1 [the ballot],‘ DeLeo said. ‚ When we crafted the legislation, my main focus was on boosting the economy and producing jobs. Key to that effort had been 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 create.‘

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 not as much as Carl Icahn, but New Jersey State Senate President Stephen Sweeney has the legislative power on his side, and is preparing to accept the casino developer. (Image: Tony Kurdzuk/The Star-Ledger)

Senate Bill 2575, that was introduced concurrently with Assemblyman John Burzichelli’s (D-District 3) Assembly Bill 4187 in identical text and language, would amend the current law on how permit holders proceed in conclusion and opening casinos.

The bill seeks to disqualify casino license applicants if the person or entity behind the bid ’substantially closed‘ a casino property in the past 5 years. The definition of ’substantially closed‘ could be defined by the state’s Division of Gaming Enforcement (DGE) and present 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 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, also though it doesn’t straight reference Carl Icahn or the Trump Taj that is soon-to-shutter Mahal. After a nasty work dispute, the billionaire announced the casino resort would be closing on October 10.

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 has been in a battle that is heated the Unite Here Local 54 work union that actually works during the Trump Taj Mahal. The billionaire developer acquired the flailing property in February by purchasing Trump Entertainment Resorts.

The union, which represents bartenders, wait staff, chefs, and housekeepers, demanded the restoration of member health insurance and pension benefits, plus higher wages that are hourly. A bankruptcy judge allowed Icahn to reduce certain benefits for an 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, ultimately destroyed its patience and initiated protests that are several all of which fell on deaf ears when Icahn wouldn’t relent.

‚Icahn Enterprises was ready to endure a tough situation when we thought we’re able to emerge successful,‘ Icahn said in a page to employees. ‚We wish this story could have had an ending that is different. We can do everything we could to control the closure into the simplest way possible.‘

Sweeney in Retrograde

Some in New Jersey believe Icahn is ‚warehousing‘ the casino gambling license, and certainly will reopen the resort under a new name, along with a labor force that is new. Sweeney’s bill would avoid him from doing just that.

And regardless of the actual fact that SB 2570 isn’t 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 laws and gaming regulations in order to warehouse a permit and take cash away from the pockets of casino workers and strip them of benefits given that they will not come to a labor agreement using their workers,‘ Sweeney told the Press of Atlantic City this week.

Fighting Among Arkansas Casino Ballot Opponents Picking Right Up Steam

Jerry Cox, president regarding the Arkansas Family Council, believes that the pro-casino supporters of a Arkansas casino ballot vote is composed of predatory businessmen from Missouri. (Image:

The war of words over Arkansas‘ casino ballot heated up this week, due to the fact 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 wishes voters to amend the constitution allowing up to three casinos in the continuing state, collected over 100,000 signatures in favor of casino gaming, sufficient 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 sports gambling is available at the proposed casinos, while the truth is it shall be unlawful. 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 it happens to be harmed by the decision to hold the ballot vote. Additionally claims that the Supreme Court does not have jurisdiction to know the scenario.

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‘ video gaming at their racetracks and currently enjoy a monopoly that is complete gaming in Arkansas.

A popular theme is developing within the anti-ballot motion’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 pleased to expand on when he went toe-to-toe with AWI spokesman Robert Coon on the regional current affairs system Arkansas Matters this week.

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