Category Archives: Revel

Straub puts Revel back in play; Hard Rock heads for Meadowlands

Posted on June 5, 2015 by David McKee

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 | Comments Off on Straub puts Revel back in play; Hard Rock heads for Meadowlands

Christie vs. Sweeney; Straub out of A.C.?

Posted on June 2, 2015 by David McKee

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 | Comments Off on Christie vs. Sweeney; Straub out of A.C.?

Straub faces reality; Chinese players prefer Vegas

Posted on May 27, 2015 by David McKee

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 | Comments Off on Straub faces reality; Chinese players prefer Vegas

Glenn Straub: The Omega Man

Posted on May 13, 2015 by David McKee

Glenn Straub‘s public image as an ADD-afflicted flake won’t be helped by a recent Bloomberg Business story that outlined the latest twist in his ever-shifting plans for Revel: Straub wants to turn it into a hotspot for cryogenics, of which … Continue reading →

Posted in Atlantic City, Donald Trump, Florida, Revel, Sports, Tourism, Transportation | 2 Comments

Murren takes sanguine view; Straub’s struggles

Posted on April 30, 2015 by David McKee

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 | Comments Off on Murren takes sanguine view; Straub’s struggles

Nothing’s easy at Revel; Death sentence for Harrah’s Tunica

Posted on April 29, 2015 by David McKee

“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 →

Posted in Architecture, Atlantic City, Genting, Glenn Straub, Harrah's, Mississippi, Regulation, Revel, Sheldon Adelson, Singapore, Trump Entertainment Resorts | 1 Comment

Indian givers on Capitol Hill; Revel powers up

Posted on April 27, 2015 by David McKee

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 | Comments Off on Indian givers on Capitol Hill; Revel powers up

Revel’s Faustian pact; Hope fades in Florida

Posted on April 22, 2015 by David McKee

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 | Comments Off on Revel’s Faustian pact; Hope fades in Florida

Trump blocks progress in Atlantic City; Legal trouble for Penn

Posted on April 15, 2015 by David McKee

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 | Comments Off on Trump blocks progress in Atlantic City; Legal trouble for Penn

Revel: Crippled giant; Tough choice in Indiana

Posted on April 13, 2015 by David McKee

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 | 1 Comment

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

Saving souls on Capitol Hill

Posted on March 26, 2015 by David McKee

Rep. Jason Chaffetz (R) finally got to hold his dog-and-pony show on the eeeeeeevils of Internet gambling, after a previous date had been snowed out. As expected, the proceedings “broke little new ground” on the issue. Afterward, Chaffetz condescended to … Continue reading →

Posted in Atlantic City, Fontainebleau, Harrah's, Internet gambling, New York, Politics, Regulation, Revel, Sheldon Adelson, Technology, Tribal, Trump Entertainment Resorts | Comments Off on Saving souls on Capitol Hill

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

Caesars pensioners find sympathetic ear

Posted on March 13, 2015 by David McKee

Caesars Entertainment‘s cutoff of payments to several dozen pensioners drew the attention of the Nevada Gaming Control Board, taking up the bulk of Wednesday’s hearing. NGCB Terry Johnson member told Caesars attorneys, “The pensioners are an important matter that should not … Continue reading →

Posted in Boyd Gaming, Harrah's, Louisiana, Marketing, Massachusetts, New York, Racinos, Regulation, Revel, Tribal, Tropicana Entertainment | Comments Off on Caesars pensioners find sympathetic ear