Category Archives: Glenn Straub

Quote of the Day

Posted on April 13, 2015 by David McKee

“This is the last thing we want. But this guy … I don’t know what to believe. He wants us to provide free power. Glenn Straub doesn’t want to pay anything. He bought Showboat and he thinks he’s going to be … Continue reading →

Posted in Atlantic City, Glenn Straub, Revel | Comments Off on Quote of the Day

Good year for Atlantic City

Posted on April 8, 2015 by David McKee

Boardwalker boosters like Glenn Straub who says Atlantic City‘s still got plenty of life in it can point to today’s headlines: The city’s casinos increased their operating profit last year by 45%. Unless you count the defunct Revel (-$48.5 million) … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Entertainment, Glenn Straub, Harrah's, Internet gambling, Marketing, MGM Mirage, Mohegan Sun, New York, Revel, Tilman Fertitta, Tourism, Trump Entertainment Resorts | 1 Comment

Who is Glenn Straub?; Tribal desperation in Texas

Posted on April 7, 2015 by David McKee

He’s a specialist in buying and (sometimes) turning around distressed properties, it would seem. He’s also characterized as a hard-charging businessman who leaves bruised feelings in his wake. “He’s not someone who’s going to consider the other person’s point of view. … Continue reading →

Posted in Atlantic City, Florida, Glenn Straub, Louisiana, Politics, Revel, Texas, Tribal, Wall Street, West Virginia | Comments Off on Who is Glenn Straub?; Tribal desperation in Texas

Quote of the Day

Posted on April 6, 2015 by David McKee

“We’ve spent six months where we could have been building Atlantic City. We’ve been waiting for Godot instead of building Atlantic City, and Godot isn’t showing up, with all due respect to any attorneys representing Godot.” — Glenn Straub attorney Stuart … Continue reading →

Posted in Atlantic City, Glenn Straub, Revel | 1 Comment

Our long Revel nightmare is over; Big brawl at Resorts World

Posted on April 6, 2015 by David McKee

It only took five tries but it looks like Revel finally belongs to Glenn Straub, the latter having dropped his insistence that it be sold to him free and clear. Now we’ll see if he’s like the dog who caught … Continue reading →

Posted in Atlantic City, Carl Icahn, Genting, Glenn Straub, New York, Revel, Trump Entertainment Resorts | 1 Comment

Revel: Straub checkmated?; New player in Indiana

Posted on April 1, 2015 by David McKee

By reaching an accord with Revel tenants, East Coast developers Howard Milstein and Carl Goldberg may have aced Glenn Straub for the dubious trophy that is Revel. They’re bidding $88 million for the property, potentially leaving Straub to fall back … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, Indiana, Revel, Tribal, Wall Street | 1 Comment

Lone Star illegality; Showboat hits shoals

Posted on April 1, 2015 by David McKee

Texas lacks the will to legalize casino gambling, yet it shrugs off a black-market version of it that is estimated to generate $1.9 billion a year. Under Texas law, you can own slot machines so long as their “payout” is … Continue reading →

Posted in Atlantic City, Derek Stevens, Glenn Straub, Harrah's, Regulation, Sports, Texas, Tilman Fertitta, TV, Unite-Here | 1 Comment

Paradox at Revel; Further delay in Massachusetts

Posted on March 17, 2015 by David McKee

Florida developer Glenn Straub remains thwarted in his attempts to purchase Revel. His primary obstacle is Judge Gloria Burns, who seems bent upon charting a course for Chapter 7 liquidation. Although, out of 20 bids, Straub’s is the only one … Continue reading →

Posted in Foxwoods, Glenn Straub, Hard Rock International, Harrah's, Macau, Massachusetts, Ohio, Regulation, Revel, Station Casinos, Westgate LV | Comments Off on Paradox at Revel; Further delay in Massachusetts

The torments of Glenn Straub; Icahn wins another round

Posted on March 13, 2015 by David McKee

“I keep waiting for the elevator doors to open and somebody to walk out carrying bags of money. We keep hearing about people with money wanting to make bids. I haven’t seen them yet.” So said Glenn Straub, who continues to … Continue reading →

Posted in Atlantic City, Cantor Gaming, Carl Icahn, Glenn Straub, Harrah's, Horseracing, Idaho, Massachusetts, MGM Mirage, New Hampshire, Politics, Revel, Sports, Technology, Trump Entertainment Resorts, Wall Street, Westgate LV | 2 Comments

Straub spurned again; Union vs. Icahn, Round Two

Posted on March 5, 2015 by David McKee

Revel has been snatched from Glenn Straub‘s grasp, at least for another week, even though Revel AC has switched its position from contentious opposition to Straub to support. Or, as Revel attorney John Cunningham said, they have “82 million reasons” … Continue reading →

Posted in Atlantic City, Carl Icahn, Glenn Straub, Revel, Trump Entertainment Resorts, Wall Street | 1 Comment

New problem for Straub; Broad casino push in Florida

Posted on March 3, 2015 by David McKee

Whenever you think the Revel saga is done, a new complexity arises. Glenn Straub‘s $82 million purchase is set to be ruled upon in bankruptcy court tomorrow. But, slipping over the transom at the last minute come Leo Pustilnikov and fellow … Continue reading →

Posted in Atlantic City, California, Florida, Glenn Straub, Politics, Racinos, Regulation, Revel, Tribal | Comments Off on New problem for Straub; Broad casino push in Florida

Straub’s new plan for Revel; Elaine Wynn gets rude treatment

Posted on March 2, 2015 by David McKee

Glenn Straub may be America’s newest casino owner but he’s quickly emerging as its most unpredictable. While he plans to reopen the gambling component of Revel, his latest brainwave is to add an anti-aging institution. Details are sketchy at present, … Continue reading →

Posted in Atlantic City, Boyd Gaming, Glenn Straub, history, Kazuo Okada, Revel, Steve Wynn | 2 Comments

Could Station go public?; Straub buys Revel again

Posted on February 25, 2015 by David McKee

Station Casinos is doing as well as it ever has since the Great Recession, fueling speculation that an IPO might be on the way. Granted, this is mostly speculation by investors and the media but Deutsche Bank‘s 25% stake in … Continue reading →

Posted in Atlantic City, Glenn Straub, Michael Gaughan, Revel, Station Casinos, Wall Street | 4 Comments

Straub still hearts Revel; Setback in Indiana

Posted on February 24, 2015 by David McKee

Glenn Straub‘s abusive/co-dependent relationship with Revel AC continues, even though federal bankruptcy court has driven a stake through his $95 million purchase agreement for the beached whale of a casino. As Judge Gloria Burns, who has presided over the soap … Continue reading →

Posted in Atlantic City, Glenn Straub, Harrah's, history, Indiana, Lake Tahoe, Politics, Revel, South Dakota, Taxes, Wall Street | 2 Comments

Revel sale dead; Indiana does the right thing

Posted on February 20, 2015 by David McKee

“The history of this case is long and tortured,” said U.S. Bankruptcy Court Judge Gloria Burns, in a major understatement regarding the several and various attempts to sell Revel. With the bang of a gavel, she crushed Glenn Straub‘s $95 … Continue reading →

Posted in Atlantic City, Boyd Gaming, Glenn Straub, Global Cash Access, Indiana, Politics, Racinos, Revel | 1 Comment

That wacky Glenn Straub; Instant racing stumbles; Mongolia or bust

Posted on February 18, 2015 by David McKee

Revel AC has been continuing to negotiate with beady-eyed billionaire Glenn Straub, even after the clock has run out on their purchase agreement. Revel’s incentive is that it wants to avoid Chapter 7 liquidation. Trouble is, Straub is reported to … Continue reading →

Posted in Atlantic City, Glenn Straub, Idaho, International, New York, Politics, Racinos, Regulation, Revel, Tribal | 2 Comments

More trouble for Taj; Revel sale hangs by a thread

Posted on February 12, 2015 by David McKee

It seems that Trump Taj Mahal has been rather cavalier about reporting large transactions and suspicious financial activities to FinCEN. For instance, when customers’ names and Social Security numbers didn’t square, Taj management still didn’t pursue the discrepancies. The Taj ‘fessed … Continue reading →

Posted in Atlantic City, Glenn Straub, Harrah's, Regulation, Revel, Trump Entertainment Resorts | Comments Off on More trouble for Taj; Revel sale hangs by a thread

Where to dump Trump?; Straub stumped

Posted on February 11, 2015 by David McKee

Although he’s buried millions of dollars in New Jersey, having been party to four casino bankruptcies, Donald Trump doesn’t want his carcass interred there. Instead, when he goes to that big sand trap in the sky, he wants to be … Continue reading →

Posted in Affinity Gaming, Atlantic City, Donald Trump, Florida, Glenn Straub, Golden Gaming, Horseracing, Illinois, Louisiana, Lyle Berman, Maryland, Revel, Slot routes | 1 Comment

Addition in Mississippi; Subtraction in Atlantic City; Gluttony in Las Vegas

Posted on January 29, 2015 by David McKee

It was all there in black and white: $935 million in state and federal taxes paid, and $4 billion in economic. That’s what Mississippi casinos achieved, despite two closures. “The numbers reflect we’re doing OK here in Mississippi,” understated Mississippi Gaming & … Continue reading →

Posted in Atlantic City, Dining, Economy, Glenn Straub, Louisiana, Marketing, Mississippi, Missouri, Revel, Taxes, The Strip | 1 Comment

Hard Rock back to A.C.?; Today Massachusetts, tomorrow Vermont?

Posted on January 27, 2015 by David McKee

New investment in Atlantic City has yet to materialize, yet the New Jersey Casino Control Commission‘s holding of a hearing for Hard Rock International is encouraging. It’s a purely theoretical exercise, a determination of suitability. Its goal, however, is for … Continue reading →

Posted in Economy, Glenn Straub, Hard Rock International, Nebraska, Politics, Regulation, Revel, Vermont | Comments Off on Hard Rock back to A.C.?; Today Massachusetts, tomorrow Vermont?