Category Archives: Glenn Straub

New Jersey sticks it to Atlantic City; No payday for Suen

Posted on March 15, 2016 by David McKee

Life just got a little more difficult for Atlantic City. Casino owners will have to dig into their pockets in order to defeat a ballot initiative to end their monopoly on casino gambling. The referendum mustered the necessary supermajorities to … Continue reading →

Posted in Architecture, Atlantic City, Election, Glenn Straub, Macau, Massachusetts, Penn National, Politics, Sheldon Adelson, Tribal | Comments Off

A Revel by any other name; Hard Rock thinks globally; Hard times for Boyd

Posted on March 2, 2016 by David McKee

What’s in a name? That’s the question confronting Glenn Straub, for whom the days are counting down until he can reopen the hotel portion of his casino with a new name. We don’t agree that Revel is a meaningless word, but … Continue reading →

Posted in Architecture, Atlantic City, Boyd Gaming, Glenn Straub, Hard Rock International, Illinois, International, Iowa, Japan, Politics, Revel, Slot routes, Tourism, Vietnam, Warner Gaming | Comments Off

Hanging out with Glenn Straub

Posted on February 22, 2016 by David McKee

Glenn Straub gives The Press of Atlantic City an unguided tour of Revel and it goes somewhat better than the time Straub and an associate locked themselves in the count room and Straub’s sidekick had to get 18 stitches after … Continue reading →

Posted in Atlantic City, Glenn Straub, Revel | Comments Off

Big government wins in Atlantic City; Sheldon’s money grab

Posted on February 1, 2016 by David McKee

“From the looks on your faces, you don’t like ‘Kumbaya’ moments. I’m sorry for that. It’s time for some tough decisions and some pain as we move forward.” So said Atlantic City Mayor Don Guardian (R) as he acceded to a … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, LVCVA, Macau, Politics, Revel, Sheldon Adelson | Comments Off

A Revel by any other name …; Christie abandons Atlantic City

Posted on January 20, 2016 by David McKee

Whatever it’s called when Glenn Straub reopens it, that $2.4 billion turkey along the Boardwalk won’t be named Revel. The new moniker is the least of several uncertainties surrounding the property. For one, Straub hasn’t even finished his gaming-license application yet, … Continue reading →

Posted in Atlantic City, Election, Glenn Straub, Harrah's, Macau, Politics, Revel, Trump Entertainment Resorts | 1 Comment

Atlantic City: Sweeney wins … or does he?

Posted on January 12, 2016 by David McKee

In the end, New Jersey‘s two houses of the Legislature came together on casino expansion and we have to say that Assembly Speaker Vincent Prieto (D) blinked first, from where we sit. (In the peanut gallery, natch.) But was state … Continue reading →

Posted in Atlantic City, Carl Icahn, Fontainebleau, Glenn Straub, Hard Rock International, Harrah's, MGM Mirage, New York, Politics, Sheldon Adelson, Steve Wynn, Taxes, Tilman Fertitta, Trump Entertainment Resorts | 2 Comments

Hope for Atlantic Club; Boffo month for Maryland

Posted on January 6, 2016 by David McKee

Not so fast, says Endeavor AC about yesterday’s report that its purchase of the Atlantic Club was defunct. The would-be purchaser says it has “a very strong and creditable private equity source to finance the acquisition and development of the … Continue reading →

Posted in Atlantic City, Cordish Co., Dan Gilbert, Glenn Straub, Golden Gaming, Harrah's, Japan, Law enforcement, Maryland, Penn National, Pennsylvania, Planet Hollywood, Politics, Problem gambling, Racinos, Revel, Sheldon Adelson, SLS Las Vegas, The Strip, Tourism | Comments Off

Suffolk Downs fights back; Scrum in New Jersey Lege

Posted on January 5, 2016 by David McKee

Boston Mayor Martin Walsh may well have thrown in the towel in his lawsuit against Wynn Everett (technically against the Massachusetts Gaming Commission) but a quartet of Suffolk Downs workers aren’t letting Judge Janet Sanders‘ dismissal of aforesaid lawsuit go … Continue reading →

Posted in Atlantic City, Colony Capital, Entertainment, Glenn Straub, Macau, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Revel, Stanley Ho, Steve Wynn, The Strip | 1 Comment

DFS advances in Iowa, regroups in Illinois

Posted on December 31, 2015 by David McKee

Legalization of daily fantasy sports got halfway to the goal line in the 2015 Iowa Legislature. State Rep. Jake Highfill (R) hopes to get into the endzone in 2016 with a revised version of a bill that already cleared the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Dining, Entertainment, Glenn Straub, Illinois, Internet gambling, Iowa, MGM Mirage, New York, Regulation, Revel | Comments Off

Quote of the Day

Posted on December 21, 2015 by David McKee

“You’re talking about a man who a month ago wasn’t paying for water or sewer, didn’t pay his taxes and couldn’t figure out how to get heat and electricity into his building. He’s resolved all those things, and it’s a good … Continue reading →

Posted in Atlantic City, Glenn Straub, Revel | Comments Off

Straub’s plans evolve; Martin Walsh, loser

Posted on December 4, 2015 by David McKee

Remember, you read it here first. Glenn Straub intends to sublicense the casino portion of Revel to an outside operator. It will have to be a company with a high tolerance for risk, as Straub is insisting on a 30-year … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Macau, Marketing, Massachusetts, Melco Crown Entertainment, Politics, Regulation, Revel, Steve Wynn | Comments Off

Bad news for Atlantic City; Finally, a ‘Carcieri fix’

Posted on December 1, 2015 by David McKee

Just when you thought the Atlantic City market had rightsized and the Boardwalk was out of the woods, here comes Moody’s Investors Service with a baleful report. Pointing to in-progress casino expansion in several neighboring East Coast states, Moody’s predicts … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, Internet gambling, Regulation, Revel, Technology, Tourism, Tribal, Trump Entertainment Resorts, TV, Wall Street | Comments Off

Resolution at Revel; MGM turns up the heat on Connecticut

Posted on November 27, 2015 by David McKee

Our long Revel nightmare is at least partially over, now that Glenn Straub has a deal in place to buy the disputed ACR Energy Partners power plant. While ACR pays $15 million to placate bondholders, Straub gets the plant for … Continue reading →

Posted in Atlantic City, Eldorado Resorts, Foxwoods, Glenn Straub, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Politics, Racinos, Regulation, Reno, Revel, Wall Street | 1 Comment

Atlantic City casinos make less, profit more

Posted on November 24, 2015 by David McKee

In a paradoxical development, Atlantic City casinos reported a 61% increase in profitability in Q315. That largesse came even as gross gaming revenues only rose 5%. Cost-containment is credited with being the source of the bounty. Caesars Interactive swung from … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dan Gilbert, Economy, Election, Glenn Straub, Harrah's, Indiana, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Politics, Revel, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off

The wacky world of Glenn Straub; New York rescuer for DFS

Posted on November 17, 2015 by David McKee

Instead of hassling Stockton University over ownership of the Showboat (and losing), perhaps Glenn Straub should have been developing a long-range plan for heating Revel through the winter, so that the pipes don’t freeze and burst. His solution? Bring in … Continue reading →

Posted in Atlantic City, Entertainment, Glenn Straub, Internet gambling, New York, Ohio, Pennsylvania, Politics, Regulation, Revel, Transportation, Wall Street | 1 Comment

Caesars exiting Ohio with head held high; New Showboat setback

Posted on November 9, 2015 by David McKee

Caesars Entertainment may have gotten the boot from its three managerial arrangements with Dan Gilbert in Ohio but it’s spending the waning weeks of its tenure putting up impressive numbers. Horseshoe Cleveland ($18 million) was up 4% and Horseshoe Cincinnati … Continue reading →

Posted in Atlantic City, Dan Gilbert, Detroit, Eldorado Resorts, Glenn Straub, Harrah's, Marketing, Penn National, Pinnacle Entertainment, Politics, Racinos, Taxes | Comments Off

As the Showboat turns

Posted on November 6, 2015 by David McKee

Will the Showboat have a new owner (Bart Blatstein) on Monday? Only its hairdresser knows for sure. Will Caesars Entertainment‘s removal of its gaming entitlement trump (pardon the pun) Trump Entertainment Resorts CEO (and civic villain) Bob Griffin‘s mandate that … Continue reading →

Posted in Atlantic City, Glenn Straub, Harrah's, Revel, Trump Entertainment Resorts | 1 Comment

Straub has new plan for Revel; Station cans Cactus Lane casino

Posted on November 4, 2015 by David McKee

Glenn Straub can’t even heat Revel but he’s got his sights on becoming Atlantic City‘s biggest slumlord. The ever-unpredictable billionaire’s latest plan for the megaresort is to use it to house Syrian refugees. However, this homeless-hostel offer is good for … Continue reading →

Posted in Atlantic City, Glenn Straub, Internet gambling, Michael Gaughan, Regulation, Reno, Revel, Sports, Station Casinos, Taxes, The Strip, Westgate LV | Comments Off

Turmoil at Revel, Trump; DFS to try self-regulation

Posted on October 28, 2015 by David McKee

Atlantic City civic gadfly Glenn Straub is at it again. In addition to trying to wrest electrical power from Stockton University by way of the Showboat (Stockton is contesting the validity of the quid pro quo in court), he’s threatening to sue … Continue reading →

Posted in Atlantic City, Baseball, Carl Icahn, Glenn Straub, Harrah's, Internet gambling, James Packer, Macau, Melco Crown Entertainment, Regulation, Trump Entertainment Resorts, TV | Comments Off

McCheese baffles Wynn; Straub thwarted again

Posted on October 12, 2015 by David McKee

Boston Mayor Martin “McCheese” Walsh has Wynn Everett President Robert DeSalvio “baffled” with his schizoid approach to the hotel-casino. After having an apparently conciliatory meeting with Walsh, DeSalvio was bushwhacked by a McCheese-launched lawsuit to halt construction on Wynn Everett. “We … Continue reading →

Posted in Arizona, Atlantic City, Glenn Straub, Harrah's, Horseracing, Massachusetts, Mohegan Sun, New York, Racinos, Revel, Steve Wynn, Tribal, Wall Street | Comments Off