Tag Archives: Revel
US – Ocean Resort to open June 28 in Atlantic City
AC Ocean Walk, the owners of the 1,399-room Ocean Resort Casino, gathered the extensive team already hired to date by the new resort this afternoon to formally announce that the $3bn, landmark property will open its doors to guests on Thursday, June 28, 2018. “We are thrilled to share this exciting news with you and…
US – New owners to rebrand Revel to Ocean Resort Casino
The former Revel Casino Hotel in Atlantic City has been bought for $200m by AC Ocean Walk, a company owned by Integrated Properties, a Denver-based commercial and real estate development company. The property will be re-branded as the Ocean Resort Casino, giving a nod to the property’s location on 20 acres along the famed Atlantic…
US – TEN’s owner told he will need a gaming licence
The man who could soon be Atlantic City’s newest casino owner will have to apply for a gaming licence and have a licence hearing with the New Jersey Casino Control Commission like anyone else hoping to own a casino in the state. Billionaire businessman Glenn Straub, who paid $82m to bring the former $2bn Revel…
US – Ten’s owner sues New Jersey over need for a casino licence
Florida developer Glenn Straub, the owner of Atlantic City’s former Revel casino, is suing the New Jersey Casino Control Commission as he attempts to bypass the red tape of needing a casino operating license prior to reopening his gaming resort which has been renamed as Ten. Mr. Straub has filed a lawsuit claiming he will…
US – Revel to reopen as Ten in 2017 with 2,500 slots and 120 tables
The failed Revel casino resort has moved a step closer to reopening next year following a rebrand to the name Ten and approvals from the Casino Reinvestment Development Authority. The $2.4bn resort, once seen as the saviour of Atlantic City, was barely open two years before being forced to close without ever making a profit….
US – Revel owner slams red tape for delayed reopening
The delayed reopening of Atlantic City’s Revel casino has been slammed as ‘inappropriate and unnecessary’ by its Glenn Straub, who has threatened legal action. Mr. Straub’s Polo North Country Club, which now owns the former Revel, had planned to open the casino on July 15 but is being prevented from leasing 150,000 square feet of…
US – Polo North Country Club plans summer reopening for Revel
At least half of Atlantic City’s failed Revel Casino Hotel could be open again by June 15 with Florida-based Polo North Country Club promising that a third of the hotel rooms, a gaming floor and all the restaurants will be operational by the summer. The boardwalk property, the most expensive casino in Atlantic City and…
US – Energy contract ran Revel into the ground
The former owners of the Revel casino have citied an energy contract as one of the fundamental reasons for the failure of the US$2.4bn Atlantic City resort. In a court filing; a proposed disclosure statement for its bankruptcy case, the operator places much of the blame on Revel’s original management team, headed by former CEO…
US – US$200m spend to reopen Revel
Brookfield Asset Management, the Toronto-based asset management firm that owns the Hard Rock Hotel & Casino in Las Vegas and the Atlantis Island casino in the Bahamas, has said that it intends to reopen Atlantic City’s Revel casino next year, but has yet to set a a specific date. The new owners have, however, pledged…
