{"id":18415,"date":"2016-06-20T10:59:54","date_gmt":"2016-06-20T18:59:54","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=18415"},"modified":"2018-10-10T09:03:18","modified_gmt":"2018-10-10T17:03:18","slug":"revel-still-not-open-cautious-hope-for-internet-gambling-in-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/revel-still-not-open-cautious-hope-for-internet-gambling-in-pennsylvania\/","title":{"rendered":"Revel &#8230; still not open; Cautious hope for Internet gambling in Pennsylvania"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>Glenn Straub<\/strong>&#8216;s once-bold gambit to reopen <strong>Revel<\/strong> has turned into an embarrassing face-plant. Perhaps rushing to market in hopes of beating <strong>Bart Blatstein<\/strong>&#8216;s <strong>Showboat<\/strong> to the hotel traffic, Straub announced a hasty revival of Revel as a casino-hotel without securing the necessary permissions first. Last Friday, two days after his self-imposed deadline for getting Revel back in business, Straub finally got around to applying for a certificate of occupancy. As of last Thursday, <a href=\"http:\/\/www.pressofatlanticcity.com\/news\/breaking\/revel-s-plugged-sewage-lines-delay-reopening\/article_511de73e-3350-11e6-9c29-d31cbcccb991.html\" target=\"_blank\" rel=\"noopener noreferrer\">the sewer lines were still blocked<\/a> (they have been subsequently unplugged).\u201cIt\u2019s the first time we cut off a casino. It\u2019s gonna come flying out 100 miles per hour,\u201d said a utility worker of the backed-up waste. Tomorrow, city inspectors will check out Revel&#8217;s fire-suppression infrastructure, along with its electrical and water systems. More damningly, not only does Revel have no official name at this point, it appears that Straub has hired no new workforce. Approval of elevators and escalators for use is going slowly.<\/p>\n<p>He also doesn&#8217;t have a casino license and the <strong>New Jersey Casino Control Commission<\/strong> isn&#8217;t allowing <!--more-->Straub to simply hand-wave that issue away. They say he has to have one, even if he&#8217;s promised to eventually farm out the casino to a third-party operator. Frankly, it looks like he&#8217;s making this up as he goes along, hardly a path to success in the casino industry. He has promised &#8220;scuba, windsurfing and cooking lessons&#8221; but has failed to keep his eye on the ball. This isn&#8217;t a &#8220;soft&#8221; reopening, it&#8217;s a squishy one and does not augur for success once Straub finally gets his act together. As a real estate tycoon, he&#8217;s brilliant but as a casino owner so far he&#8217;s been a complete fuck-up. The tea leaves suggest that Revel 3.0 will be as big a flop as its previous incarnations, even if Straub only has to bank a modest amount of revenue ($82 million) to recoup his purchase price.<\/p>\n<p>* There&#8217;s a glimmer of hope for online gambling in <strong>Pennsylvania<\/strong>, now that Speaker of the House <strong>Mike Turzai<\/strong> (R) <a href=\"http:\/\/triblive.com\/state\/pennsylvania\/10638645-74\/lobbying-gambling-turzai\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">has hinted that he will support it<\/a>, in a reversal of his previous stance. The bill faces rough sledding in the state Senate, though. At the moment, Turzai&#8217;s change of mind is being overshadowed by the coziness between the speaker and slot-route lobbyist <strong>Krystjan Callahan<\/strong>, his former chief of staff. Casinos continue to balk at any bill that contains slot routes, but they&#8217;re not finding much sympathy from <strong>House Republican Campaign Committee<\/strong> Chairman <strong>Mark Mustio<\/strong>, who said the casinos industry \u201ccontinues to cannibalize themselves by building casinos across our borders in our neighboring states.\u201d Perhaps the best thing that i-gaming has going for it in the Keystone State is the alternative: tax increases. \u201cGiven the choice between gaming or an income tax increase, I prefer gaming,\u201d said House Majority Leader <strong>Dave Reed<\/strong> (R).<\/p>\n<p>* There&#8217;s something fishy going on at <strong>MotorCity Casino<\/strong>, in <strong>Detroit<\/strong>. First, the casino took <img loading=\"lazy\" class=\"alignright size-medium wp-image-18416\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2016\/06\/Bruce-Dall-196x300.jpg\" alt=\"Bruce Dall\" width=\"196\" height=\"300\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2016\/06\/Bruce-Dall-196x300.jpg 196w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2016\/06\/Bruce-Dall-98x150.jpg 98w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2016\/06\/Bruce-Dall.jpg 440w\" sizes=\"(max-width: 196px) 100vw, 196px\" \/>the unusual step of not renewing President <strong>Gregg Solomon<\/strong>&#8216;s contract. Then, Vice President of Operations <strong>Jenny Holaday<\/strong> was nominated for the position, pending regulatory approval. But MotorCity withdrew Holaday&#8217;s application and she &#8220;elected to resign to pursue other opportunities,&#8221; like updating her resume. So interim President <strong>Bruce Dall<\/strong> is now officially president of MotorCity. One can hardly second-guess the choice, as Dall has been in the industry so long (almost 30 years) that he&#8217;s put in stops as internal-audit director at <strong>Caesars World<\/strong> and controller at the <strong>Desert Inn<\/strong>. He even served\u00a0seven years as CFO at immediate rival <strong>Greektown Casino-Hotel<\/strong>. So he seems the right man for the job, despite the turbulence that prefaced his appointment.<\/p>\n<p>* Greektown owner\u00a0<strong>Dan Gilbert<\/strong>&#8216;s <strong>Jack Entertainment<\/strong> is breaking <strong>Cincinnati<\/strong> precedent with a controversial LED marquee, to be affixed to its 80-foot-tall sign at <strong>Jack Cincinnati Casino<\/strong>. Nearby business owners and residents <a href=\"http:\/\/www.cincinnati.com\/story\/money\/2016\/06\/17\/jack-casino-sign-could-get-new-led-board\/86034642\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">objected to the light spill<\/a> that would emanate from the video banner. However, the Queen City&#8217;s <strong>Planning Commission<\/strong> voted overwhelmingly in favor of the new signage. By the way, Dan, congratulations on the NBA championship won by your <strong>Cleveland Cavaliers<\/strong>. Aren&#8217;t you glad that you and <strong>LeBron James<\/strong> patched things up?<\/p>\n<p>* Forward-thinking slot developers at <strong>Gamblit<\/strong> are trying to avoid the myopia of the game-technology executive who told <strong>MGM Resorts International<\/strong> President <strong>Bill Hornbuckle<\/strong>, no problem: \u201cthere will always be 51-year-old women.\u201d Part of the challenge facing <a href=\"http:\/\/www.wsj.com\/articles\/are-slot-machines-about-to-get-smart-1465997822\" target=\"_blank\" rel=\"noopener noreferrer\">Gamblit&#8217;s skill-based slots<\/a> is the long replacement cycle that will preface its games&#8217; adoption by the industry. Also, &#8220;Slot players wager once every five seconds, compared with every 20 to 60 seconds for some Gamblit games, which may prove less lucrative than traditional slots even if they attract new gamblers,&#8221; according to the <em>Wall Street Journal<\/em>&#8216;s <strong>Alexandra Berzon<\/strong>. So, calibrating your slot floor to achieve the right balance of speed, demographic appeal and fiscal return is going to be a tricky balancing act for operators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Glenn Straub&#8216;s once-bold gambit to reopen Revel has turned into an embarrassing face-plant. Perhaps rushing to market in hopes of beating Bart Blatstein&#8216;s Showboat to the hotel traffic, Straub announced a hasty revival of Revel as a casino-hotel without &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/revel-still-not-open-cautious-hope-for-internet-gambling-in-pennsylvania\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65,23,154,44,117,185,37,11,71,95,33,25,157,92,74,8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/18415"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=18415"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/18415\/revisions"}],"predecessor-version":[{"id":22650,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/18415\/revisions\/22650"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=18415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=18415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=18415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}