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Category Archives: Glenn Straub
Water, water everywhere at Revel
Glenn Straub has a new problem at Revel: water. Oh, he doesn’t lack for it. There’s standing water in Revel’s 47 stories of pipes. But what if cold temperatures come and Straub hasn’t gained control of ACR Energy Partners‘ heating … Continue reading
Posted in Atlantic City, Boulder Strip, Donald Trump, Election, Florida, Glenn Straub, MGM Mirage, Regulation, Revel
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Savior for Showboat?; Steve Wynn to build locals casino
Bart Blatstein has emerged as the potential savior for the Showboat, currently a millstone around Stockton University‘s neck. If so, it will be a bittersweet coup for the developer, as it’s the second time he’s missed out on a gaming … Continue reading
First the good news …
Internet gambling revenues were up 16% in Atlantic City last month, for a $12 million haul. Resorts Atlantic City didn’t get much of the action — 6% — but the other four online operators divvied it up pretty equitably. As … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Glenn Straub, Harrah's, history, Internet gambling, MGM Mirage, Mohegan Sun, Revel, Sports, Tilman Fertitta, Tribal, Tropicana Entertainment, Trump Entertainment Resorts
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That wild and crazy Glenn Straub strikes again
Now that wacky Glenn Straub is out of the picture, Stockton University says it is fielding offers for the ex-Showboat. What anybody can do other than run it as a hotel (Caesars Entertainment having removed its gaming entitlement but forgotten … Continue reading
Posted in Atlantic City, Boyd Gaming, Glenn Straub, GLPI, Harrah's, history, Iowa, Isle of Capri, Missouri, Penn National, Pinnacle Entertainment, Revel, Tilman Fertitta, Tourism, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here, Warner Gaming
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Turmoil along the Boardwalk
Cult figure Glenn Straub is back in the news again, if indirectly. Stockton University has received Superior Court Judge Julio Mendez‘s blessing to sell the former Showboat and Mendez has enjoined the obstreperous Straub from challenging the sale. Stockton is thereby … Continue reading
Stalemate with Straub; MGM’s new bauble
Glenn Straub is sticking it to Stockton University but good. While the school tries to find a new buyer for the old Showboat, he’s refusing to let the university out of its purchase agreement with his KK Ventures. So far, … Continue reading
Reprieve for Dotty’s; Straub changes course again
By one vote, Dotty’s eked out a four-month grace period while the Las Vegas City Council ponders whether or not to lower the boom on the newest in this mammoth chain of slot parlors and taverns. Known for its homey, … Continue reading
Posted in Arizona, Atlantic City, Carl Icahn, Dotty's, Foxwoods, Glenn Straub, Laughlin, Massachusetts, Regulation, Tribal, Trump Entertainment Resorts
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Straub’s latest truce; Twin River readies for competition
Bitter foes Glenn Straub and ACR Energy Partners have agreed to make nice and keep the lights on (literally) at Revel, at least for the short term. The brinkmanship between these two parties had reached such extremes that ACR cut … Continue reading
Posted in Animals, Atlantic City, Environment, Glenn Straub, Harrah's, Illinois, Isle of Capri, Louisiana, Massachusetts, Penn National, Regulation, Revel, Rhode Island, Tilman Fertitta
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Hard Rock, Resorts World put their chips on the table
While New Jersey politicians bicker over the timing of a constitutional referendum for adding northerly casinos, Hard Rock International unveiled a detailed picture of its plans for its desired Meadowlands casino (a site favored by 73% of voters polled, although … Continue reading
Posted in Architecture, Atlantic City, CityCenter, Economy, Election, Genting, Glenn Straub, Hard Rock Hotel, Hard Rock International, Horseracing, Macau, New York, Pennsylvania, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism
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Straub puts Revel back in play; Hard Rock heads for Meadowlands
Glenn Straub‘s helter-skelter regime at Revel will continue at least a while more. He’s talking about reopening the HQ nightclub in July and evicting ACR Energy Partners from Revel’s power plant, getting one monkey off his back. He did and … Continue reading
Posted in Atlantic City, Glenn Straub, Hard Rock Hotel, Hard Rock International, Indiana, Internet gambling, Massachusetts, New York, Pennsylvania, Politics, Regulation, Revel, Tourism, Tribal, Warner Gaming
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Christie vs. Sweeney; Straub out of A.C.?
A bill introduced in the New Jersey Legislature sets up a proxy fight between Gov. Chris Christie (R) and state Senate President Stephen Sweeney (D) over the timing of when Garden State voters will be called upon to decide Atlantic … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Dennis Gomes, Donald Trump, Election, Glenn Straub, Internet gambling, MGM Mirage, Pennsylvania, Politics, Revel, Steve Wynn, Taxes
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Mohegans, Foxwoods get go-ahead; More trouble for Caesars
Driven by apocalyptic job-loss projections by Foxwoods Casino Resort and Mohegan Sun, the House of Representatives of Connecticut passed a casino bill to Gov. Dannel Malloy (D) for his signature. The bill doesn’t authorize a casino per se but rather … Continue reading
Posted in Atlantic City, Economy, Foxwoods, Glenn Straub, Harrah's, International, Internet gambling, Lake Tahoe, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Steve Wynn, Technology, The Strip, Trump Entertainment Resorts, Warner Gaming
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Straub faces reality; Chinese players prefer Vegas
Reality continues to sink in at Revel, where Glenn Straub has thrown in the towel on reopening this summer — raising the prospect of a grand-reopening in the cold-weather months. Not very auspicious, that. Labor Day is the target date … Continue reading
Posted in Atlantic City, Genting, Glenn Straub, Hard Rock International, Harrah's, Macau, MGM Mirage, Revel, Taxes, The Strip, Tourism, Trump Entertainment Resorts, Wall Street
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Behind the Showboat sale; Cosmo comeback
During its crusade to drive Stockton University out of the Showboat, the CEO of Trump Entertainment Resorts, Robert Griffin airily informed Stockton representatives that they should buy Trump Plaza instead — puncturing TER’s public posture that college kids should be kept … Continue reading
Posted in Atlantic City, Cosmopolitan, Economy, Glenn Straub, Harrah's, Politics, Steve Wynn, The Strip, Trump Entertainment Resorts
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Murren takes sanguine view; Straub’s struggles
With MGM Resorts International having rejected one REIT proposal, in part because it relied too much on asset sales, Union Gaming is teeing up another. It’s not providing specifics but says it would provide “additional financial flexibility without the disruption of … Continue reading
Posted in Atlantic City, Boyd Gaming, Glenn Straub, Harrah's, Internet gambling, Japan, Macau, MGM Mirage, Politics, Revel, Sheldon Adelson, South Carolina, Sports, Technology, Transportation, Wall Street
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Nothing’s easy at Revel; Death sentence for Harrah’s Tunica
“What am I going to do with this stuff with no electricity, no heat, no air conditioning? These people just give me so many roadblocks.” So complained Glenn Straub after New Jersey‘s Division of Gaming Enforcement ordered him to post guards … Continue reading
Indian givers on Capitol Hill; Revel powers up
Arizona‘s congressional delegation is willing to gamble $1 billion of your and my dollars to keep the Tohono O’odham Nation from having a casino. At the moment, Sen. John McCain (R) and his junior henchmen are plotting to stick their … Continue reading
Posted in Arizona, Atlantic City, Glenn Straub, Internet gambling, Mohegan Sun, Politics, Revel, Sheldon Adelson, Singapore, South Korea, Tribal
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Revel’s Faustian pact; Hope fades in Florida
Glenn Straub finally got what he wanted, the right to ixnay the contracts of all the tenants at Revel, aka Polo North. After much hesitation during the constipated bankruptcy sale, Judge Gloria Burns finally ruled against the leaseholders, meaning the brawl … Continue reading
Posted in Atlantic City, Environment, Florida, Glenn Straub, Politics, Racinos, Regulation, Revel, Steve Wynn, Tribal, Wall Street
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Trump blocks progress in Atlantic City; Legal trouble for Penn
Although they enjoyed a same-store increase of 1% last month, Atlantic City casinos pulled in 14% less than last year at this time, grossing $191 million (more than some entire Midwestern states, it should be noted). Twelve percent less coin-in … Continue reading
Posted in Atlantic City, Boyd Gaming, Glenn Straub, Harrah's, Internet gambling, Kansas, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Revel, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts
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Revel: Crippled giant; Tough choice in Indiana
It may feel good for Glenn Straub to spit defiance (“We will never give in to blackmail. Let them dig their own grave, along with endangering other peoples’ lives.”) at the ACR power plant that just cut off water and … Continue reading
Posted in Architecture, Atlantic City, Economy, Glenn Straub, Indiana, Marketing, MGM Mirage, Politics, Revel, The Strip
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