Federal appeals court rules in favor of HQ Nightclub in Revel

HQ is trying to force Straub to let them open up their nightclub even if is this is not direction he wants to take with the property. I'm puzzled here. Straub is trying to convert the casino into a waterpark for families. HQ has a day club/nightclub which makes use of the pool overlooking the Boardwalk. HQ had invested $16 million in the club but Straub is trying to complete this transaction without spending more than $94 million. Now he is going to be forced to make a financial settlement with HQ or allow them to operate. I don't understand all the legal ramifications of this. It's like all the independent restaurants and clubs in the Revel are trying to hold the new buyer hostage. He has one image in what he wants to do with the property and the previous tenants are telling the new owner that they are running the show. There is a good chance Straub is going to walk. All this should have been laid out before the bankruptcy auction. If I'm Straub I go over to the low income housing between the Revel and Borgata and invite every family to use the pool free of charge. Totally sabotage the Day Club. I would then use one of the other vacant clubs in casino and offer free admission and free drinks to steal all the customers from HQ and force the HQ club to fold. I know these are crazy ideas but I would never let someone who was there from the previous owner try to dictate to me how to run my business.

Quote: JackStraw8004

HQ is trying to force Straub to let them open up their nightclub even if is this is not direction he wants to take with the property. I'm puzzled here. Straub is trying to convert the casino into a waterpark for families. HQ has a day club/nightclub which makes use of the pool overlooking the Boardwalk. HQ had invested $16 million in the club but Straub is trying to complete this transaction without spending more than $94 million. Now he is going to be forced to make a financial settlement with HQ or allow them to operate. I don't understand all the legal ramifications of this. It's like all the independent restaurants and clubs in the Revel are trying to hold the new buyer hostage. He has one image in what he wants to do with the property and the previous tenants are telling the new owner that they are running the show. There is a good chance Straub is going to walk. All this should have been laid out before the bankruptcy auction. If I'm Straub I go over to the low income housing between the Revel and Borgata and invite every family to use the pool free of charge. Totally sabotage the Day Club. I would then use one of the other vacant clubs in casino and offer free admission and free drinks to steal all the customers from HQ and force the HQ club to fold. I know these are crazy ideas but I would never let someone who was there from the previous owner try to dictate to me how to run my business.

Well, if you had invested 16 million and were told your club wasn't going to exist anymore, I think you would want some return on your investment. A buyout or you keep your club open.